ETMNX vs. EHSTX
ETMNX (Eaton Vance Minnesota Municipal Income Fund) and EHSTX (Eaton Vance Large-Cap Value Fund) are both mutual funds - ETMNX is a Municipal Bonds fund managed by Eaton Vance, while EHSTX is a Large Cap Value Equities fund managed by Eaton Vance. Over the past 10 years, ETMNX returned 1.81%/yr vs 11.05%/yr for EHSTX. At a correlation of -0.00, they often move in opposite directions. ETMNX charges 0.66%/yr vs 1.01%/yr for EHSTX.
Performance
ETMNX vs. EHSTX - Performance Comparison
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Returns By Period
In the year-to-date period, ETMNX achieves a 1.69% return, which is significantly lower than EHSTX's 12.75% return. Over the past 10 years, ETMNX has underperformed EHSTX with an annualized return of 1.81%, while EHSTX has yielded a comparatively higher 11.05% annualized return.
ETMNX
- 1D
- 0.11%
- 1M
- 1.62%
- YTD
- 1.69%
- 6M
- 2.09%
- 1Y
- 8.28%
- 3Y*
- 3.55%
- 5Y*
- 1.09%
- 10Y*
- 1.81%
EHSTX
- 1D
- 0.77%
- 1M
- 1.02%
- YTD
- 12.75%
- 6M
- 12.12%
- 1Y
- 23.62%
- 3Y*
- 14.26%
- 5Y*
- 10.15%
- 10Y*
- 11.05%
ETMNX vs. EHSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETMNX Eaton Vance Minnesota Municipal Income Fund | 1.69% | 4.44% | 1.37% | 4.53% | -6.40% | 0.56% | 4.17% | 6.82% | 0.36% | 4.14% |
EHSTX Eaton Vance Large-Cap Value Fund | 12.75% | 12.11% | 11.25% | 7.93% | -2.80% | 24.25% | 2.29% | 30.84% | -6.96% | 14.79% |
Correlation
The correlation between ETMNX and EHSTX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 1993 | -0.00 |
The correlation between ETMNX and EHSTX shifts across timeframes, from -0.02 (10 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETMNX vs. EHSTX — Risk / Return Rank
ETMNX
EHSTX
ETMNX vs. EHSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Minnesota Municipal Income Fund (ETMNX) and Eaton Vance Large-Cap Value Fund (EHSTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETMNX | EHSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.37 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.88 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.61 | 11.57 | -1.96 |
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Drawdowns
ETMNX vs. EHSTX - Drawdown Comparison
The maximum ETMNX drawdown since its inception was -17.24%, smaller than the maximum EHSTX drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for ETMNX and EHSTX.
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Drawdown Indicators
| ETMNX | EHSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -53.47% | +36.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -8.29% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -16.44% | +9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -16.44% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -11.15% | -39.30% | +28.15% |
Current DrawdownCurrent decline from peak | -0.29% | -1.05% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -7.40% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.06% | -1.20% |
Volatility
ETMNX vs. EHSTX - Volatility Comparison
The current volatility for Eaton Vance Minnesota Municipal Income Fund (ETMNX) is 0.79%, while Eaton Vance Large-Cap Value Fund (EHSTX) has a volatility of 4.15%. This indicates that ETMNX experiences smaller price fluctuations and is considered to be less risky than EHSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETMNX | EHSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 4.15% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 8.80% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 11.54% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.07% | 14.78% | -10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 17.31% | -13.45% |
ETMNX vs. EHSTX - Expense Ratio Comparison
ETMNX has a 0.66% expense ratio, which is lower than EHSTX's 1.01% expense ratio.
Dividends
ETMNX vs. EHSTX - Dividend Comparison
ETMNX's dividend yield for the trailing twelve months is around 3.24%, less than EHSTX's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHSTX Eaton Vance Large-Cap Value Fund | 5.37% | 6.12% | 4.03% | 2.93% | 4.25% | 7.32% | 1.94% | 2.76% | 10.94% | 5.88% | 1.33% | 11.02% |
ETMNX Eaton Vance Minnesota Municipal Income Fund | 3.24% | 4.03% | 3.48% | 2.17% | 1.98% | 1.68% | 1.81% | 2.54% | 2.59% | 2.66% | 2.96% | 3.20% |
Frequently Asked Questions
ETMNX and EHSTX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EHSTX has higher volatility (4.15%) compared to ETMNX (0.79%). In terms of maximum drawdown, ETMNX dropped -17.24% vs EHSTX's -53.47%.
ETMNX currently has the higher Sharpe Ratio (2.72 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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