ETNJX vs. EIMAX
Compare and contrast key facts about Eaton Vance New Jersey Municipal Income Fund (ETNJX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
ETNJX is managed by Eaton Vance. It was launched on Apr 12, 1994. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
ETNJX vs. EIMAX - Performance Comparison
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ETNJX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETNJX Eaton Vance New Jersey Municipal Income Fund | -0.49% | 4.21% | 2.12% | 5.13% | -9.80% | 1.34% | 5.40% | 8.62% | 2.00% | 4.78% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | -0.70% | 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, ETNJX achieves a -0.49% return, which is significantly higher than EIMAX's -0.70% return. Over the past 10 years, ETNJX has outperformed EIMAX with an annualized return of 2.12%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
ETNJX
- 1D
- 0.12%
- 1M
- -2.52%
- YTD
- -0.49%
- 6M
- 1.29%
- 1Y
- 4.24%
- 3Y*
- 2.83%
- 5Y*
- 0.42%
- 10Y*
- 2.12%
EIMAX
- 1D
- 0.13%
- 1M
- -2.65%
- YTD
- -0.70%
- 6M
- 0.84%
- 1Y
- 3.61%
- 3Y*
- 2.28%
- 5Y*
- 0.14%
- 10Y*
- 1.47%
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ETNJX vs. EIMAX - Expense Ratio Comparison
ETNJX has a 0.69% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Return for Risk
ETNJX vs. EIMAX — Risk / Return Rank
ETNJX
EIMAX
ETNJX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance New Jersey Municipal Income Fund (ETNJX) 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.
| ETNJX | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.79 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.10 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.87 | +0.12 |
Martin ratioReturn relative to average drawdown | 3.16 | 3.04 | +0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETNJX | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.79 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.03 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.35 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.56 | +0.37 |
Correlation
The correlation between ETNJX and EIMAX is 0.83, 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
ETNJX vs. EIMAX - Dividend Comparison
ETNJX's dividend yield for the trailing twelve months is around 3.41%, less than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETNJX Eaton Vance New Jersey Municipal Income Fund | 3.41% | 4.16% | 3.49% | 2.40% | 2.53% | 2.37% | 2.71% | 3.27% | 3.39% | 3.56% | 3.62% | 3.61% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.66% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Drawdowns
ETNJX vs. EIMAX - Drawdown Comparison
The maximum ETNJX drawdown since its inception was -31.32%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for ETNJX and EIMAX.
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Drawdown Indicators
| ETNJX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -29.25% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.50% | -5.62% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.70% | -14.67% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -14.67% | -0.03% |
Current DrawdownCurrent decline from peak | -2.52% | -2.65% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -3.92% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.61% | +0.11% |
Volatility
ETNJX vs. EIMAX - Volatility Comparison
Eaton Vance New Jersey Municipal Income Fund (ETNJX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX) have volatilities of 1.05% and 1.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETNJX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.03% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 1.69% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 5.75% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 4.34% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 4.19% | +0.01% |