ETMOX vs. MUJ
ETMOX (Eaton Vance Missouri Municipal Income Fund) and MUJ (BlackRock MuniHoldings New Jersey Quality Fund) are both Municipal Bonds funds. Over the past 10 years, ETMOX returned 2.05%/yr vs 2.29%/yr for MUJ. At a 0.27 correlation, their price movements are largely independent. ETMOX charges 0.69%/yr vs 2.26%/yr for MUJ.
Performance
ETMOX vs. MUJ - Performance Comparison
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Returns By Period
In the year-to-date period, ETMOX achieves a 1.84% return, which is significantly lower than MUJ's 5.62% return. Over the past 10 years, ETMOX has underperformed MUJ with an annualized return of 2.05%, while MUJ has yielded a comparatively higher 2.29% annualized return.
ETMOX
- 1D
- 0.11%
- 1M
- 1.20%
- YTD
- 1.84%
- 6M
- 2.25%
- 1Y
- 7.25%
- 3Y*
- 4.07%
- 5Y*
- 1.10%
- 10Y*
- 2.05%
MUJ
- 1D
- 0.08%
- 1M
- 1.60%
- YTD
- 5.62%
- 6M
- 4.74%
- 1Y
- 19.48%
- 3Y*
- 9.06%
- 5Y*
- 0.06%
- 10Y*
- 2.29%
ETMOX vs. MUJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETMOX Eaton Vance Missouri Municipal Income Fund | 1.84% | 5.40% | 2.11% | 4.97% | -8.67% | 0.71% | 5.23% | 7.30% | 1.87% | 3.11% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.62% | 13.86% | 2.28% | 7.55% | -26.31% | 15.20% | 5.95% | 18.95% | -8.49% | 9.99% |
Correlation
The correlation between ETMOX and MUJ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 1998 | 0.27 |
The correlation between ETMOX and MUJ shifts across timeframes, from 0.27 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ETMOX vs. MUJ — Risk / Return Rank
ETMOX
MUJ
ETMOX vs. MUJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Missouri Municipal Income Fund (ETMOX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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.
| ETMOX | MUJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.43 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.08 | +0.60 |
| Martin ratioReturn relative to average drawdown | 9.16 | 8.34 | +0.82 |
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Drawdowns
ETMOX vs. MUJ - Drawdown Comparison
The maximum ETMOX drawdown since its inception was -21.73%, smaller than the maximum MUJ drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for ETMOX and MUJ.
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Drawdown Indicators
| ETMOX | MUJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -41.72% | +19.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -9.41% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.13% | -12.17% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -13.84% | -32.71% | +18.87% |
Max Drawdown (10Y)Largest decline over 10 years | -13.84% | -32.71% | +18.87% |
Current DrawdownCurrent decline from peak | -0.20% | -2.56% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -9.02% | +6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.34% | -1.55% |
Volatility
ETMOX vs. MUJ - Volatility Comparison
The current volatility for Eaton Vance Missouri Municipal Income Fund (ETMOX) is 0.75%, while BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has a volatility of 2.09%. This indicates that ETMOX experiences smaller price fluctuations and is considered to be less risky than MUJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETMOX | MUJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 2.09% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 6.92% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 8.92% | -6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 10.37% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 11.19% | -7.25% |
ETMOX vs. MUJ - Expense Ratio Comparison
ETMOX has a 0.69% expense ratio, which is lower than MUJ's 2.26% expense ratio.
Dividends
ETMOX vs. MUJ - Dividend Comparison
ETMOX's dividend yield for the trailing twelve months is around 3.34%, less than MUJ's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETMOX Eaton Vance Missouri Municipal Income Fund | 3.34% | 4.24% | 4.07% | 3.06% | 2.46% | 1.95% | 2.47% | 3.39% | 3.25% | 3.51% | 3.58% | 3.60% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.29% | 5.45% | 5.53% | 4.13% | 6.40% | 4.77% | 4.78% | 4.03% | 5.34% | 5.55% | 6.00% | 5.69% |
Frequently Asked Questions
ETMOX and MUJ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUJ has higher volatility (2.09%) compared to ETMOX (0.75%). In terms of maximum drawdown, ETMOX dropped -21.73% vs MUJ's -41.72%.
ETMOX currently has the higher Sharpe Ratio (2.63 vs 2.20), 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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