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ETMOX vs. EIMAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ETMOX vs. EIMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Missouri Municipal Income Fund (ETMOX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX). The values are adjusted to include any dividend payments, if applicable.

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ETMOX vs. EIMAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ETMOX
Eaton Vance Missouri Municipal Income Fund
-0.27%5.40%2.11%4.97%-8.67%0.71%5.23%7.30%1.87%3.11%
EIMAX
Eaton Vance Massachusetts Municipal Income Fund
-0.44%3.76%1.37%5.06%-9.61%0.57%4.60%7.01%0.65%4.67%

Returns By Period

In the year-to-date period, ETMOX achieves a -0.27% return, which is significantly higher than EIMAX's -0.44% return. Over the past 10 years, ETMOX has outperformed EIMAX with an annualized return of 2.06%, while EIMAX has yielded a comparatively lower 1.49% annualized return.


ETMOX

1D
0.35%
1M
-2.05%
YTD
-0.27%
6M
1.27%
1Y
4.48%
3Y*
3.33%
5Y*
0.86%
10Y*
2.06%

EIMAX

1D
0.26%
1M
-2.15%
YTD
-0.44%
6M
0.97%
1Y
3.47%
3Y*
2.36%
5Y*
0.17%
10Y*
1.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ETMOX vs. EIMAX - Expense Ratio Comparison

ETMOX has a 0.69% expense ratio, which is higher than EIMAX's 0.48% expense ratio.


Return for Risk

ETMOX vs. EIMAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETMOX
ETMOX Risk / Return Rank: 4747
Overall Rank
ETMOX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ETMOX Sortino Ratio Rank: 4141
Sortino Ratio Rank
ETMOX Omega Ratio Rank: 6969
Omega Ratio Rank
ETMOX Calmar Ratio Rank: 3939
Calmar Ratio Rank
ETMOX Martin Ratio Rank: 3636
Martin Ratio Rank

EIMAX
EIMAX Risk / Return Rank: 2929
Overall Rank
EIMAX Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
EIMAX Sortino Ratio Rank: 2222
Sortino Ratio Rank
EIMAX Omega Ratio Rank: 4646
Omega Ratio Rank
EIMAX Calmar Ratio Rank: 2828
Calmar Ratio Rank
EIMAX Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETMOX vs. EIMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Missouri Municipal Income Fund (ETMOX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX). 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.


ETMOXEIMAXDifference

Sharpe ratio

Return per unit of total volatility

1.02

0.68

+0.34

Sortino ratio

Return per unit of downside risk

1.38

0.96

+0.43

Omega ratio

Gain probability vs. loss probability

1.28

1.21

+0.07

Calmar ratio

Return relative to maximum drawdown

1.20

0.85

+0.35

Martin ratio

Return relative to average drawdown

4.37

2.95

+1.42

ETMOX vs. EIMAX - Sharpe Ratio Comparison

The current ETMOX Sharpe Ratio is 1.02, which is higher than the EIMAX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of ETMOX and EIMAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


ETMOXEIMAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

0.68

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.04

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.36

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.56

+0.33

Correlation

The correlation between ETMOX and EIMAX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

ETMOX vs. EIMAX - Dividend Comparison

ETMOX's dividend yield for the trailing twelve months is around 3.42%, less than EIMAX's 3.65% yield.


TTM20252024202320222021202020192018201720162015
ETMOX
Eaton Vance Missouri Municipal Income Fund
3.42%4.24%4.07%3.06%2.46%1.95%2.47%3.39%3.25%3.51%3.58%3.60%
EIMAX
Eaton Vance Massachusetts Municipal Income Fund
3.65%4.52%4.15%2.39%2.62%2.01%2.58%3.46%3.27%3.41%3.65%3.70%

Drawdowns

ETMOX vs. EIMAX - Drawdown Comparison

The maximum ETMOX drawdown since its inception was -21.73%, smaller than the maximum EIMAX drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for ETMOX and EIMAX.


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Drawdown Indicators


ETMOXEIMAXDifference

Max Drawdown

Largest peak-to-trough decline

-21.73%

-29.25%

+7.52%

Max Drawdown (1Y)

Largest decline over 1 year

-4.76%

-5.62%

+0.86%

Max Drawdown (5Y)

Largest decline over 5 years

-13.84%

-14.67%

+0.83%

Max Drawdown (10Y)

Largest decline over 10 years

-13.84%

-14.67%

+0.83%

Current Drawdown

Current decline from peak

-2.27%

-2.40%

+0.13%

Average Drawdown

Average peak-to-trough decline

-2.32%

-3.92%

+1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.31%

1.62%

-0.31%

Volatility

ETMOX vs. EIMAX - Volatility Comparison

Eaton Vance Missouri Municipal Income Fund (ETMOX) has a higher volatility of 1.16% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.09%. This indicates that ETMOX's price experiences larger fluctuations and is considered to be riskier than EIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ETMOXEIMAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

1.09%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

1.70%

1.70%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

4.83%

5.75%

-0.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.92%

4.34%

-0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.92%

4.19%

-0.27%