ETOHX vs. ETGIX
ETOHX (Eaton Vance Ohio Municipal Income Fund) and ETGIX (Eaton Vance Greater India Fund) are both mutual funds - ETOHX is a Municipal Bonds fund managed by Eaton Vance, while ETGIX is a Asia Pacific Equities fund managed by Eaton Vance. Over the past 10 years, ETOHX returned 1.90%/yr vs 7.68%/yr for ETGIX. At a correlation of -0.01, they often move in opposite directions. ETOHX charges 0.70%/yr vs 1.57%/yr for ETGIX.
Performance
ETOHX vs. ETGIX - Performance Comparison
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Returns By Period
In the year-to-date period, ETOHX achieves a 1.58% return, which is significantly higher than ETGIX's -9.52% return. Over the past 10 years, ETOHX has underperformed ETGIX with an annualized return of 1.90%, while ETGIX has yielded a comparatively higher 7.68% annualized return.
ETOHX
- 1D
- -0.12%
- 1M
- 1.65%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 6.11%
- 3Y*
- 3.30%
- 5Y*
- 0.68%
- 10Y*
- 1.90%
ETGIX
- 1D
- 0.52%
- 1M
- 2.92%
- YTD
- -9.52%
- 6M
- -10.18%
- 1Y
- -10.98%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 7.68%
ETOHX vs. ETGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETOHX Eaton Vance Ohio Municipal Income Fund | 1.58% | 4.00% | 1.45% | 4.85% | -8.30% | 0.94% | 5.43% | 8.09% | 0.88% | 4.54% |
ETGIX Eaton Vance Greater India Fund | -9.52% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
Correlation
The correlation between ETOHX and ETGIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 1994 | -0.01 |
The correlation between ETOHX and ETGIX shifts across timeframes, from -0.01 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETOHX vs. ETGIX — Risk / Return Rank
ETOHX
ETGIX
ETOHX vs. ETGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ohio Municipal Income Fund (ETOHX) and Eaton Vance Greater India Fund (ETGIX). 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.
| ETOHX | ETGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.09 | ||
| Sortino ratioReturn per unit of downside risk | +4.57 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 0.88 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.49 | +2.67 |
| Martin ratioReturn relative to average drawdown | 7.64 | -1.05 | +8.69 |
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Drawdowns
ETOHX vs. ETGIX - Drawdown Comparison
The maximum ETOHX drawdown since its inception was -21.71%, smaller than the maximum ETGIX drawdown of -73.62%. Use the drawdown chart below to compare losses from any high point for ETOHX and ETGIX.
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Drawdown Indicators
| ETOHX | ETGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.71% | -73.62% | +51.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -22.03% | +19.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.34% | -27.22% | +20.88% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -29.84% | +16.84% |
Max Drawdown (10Y)Largest decline over 10 years | -13.00% | -42.71% | +29.71% |
Current DrawdownCurrent decline from peak | -0.34% | -19.76% | +19.42% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -26.85% | +24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 10.22% | -9.40% |
Volatility
ETOHX vs. ETGIX - Volatility Comparison
The current volatility for Eaton Vance Ohio Municipal Income Fund (ETOHX) is 0.76%, while Eaton Vance Greater India Fund (ETGIX) has a volatility of 3.51%. This indicates that ETOHX experiences smaller price fluctuations and is considered to be less risky than ETGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETOHX | ETGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 3.51% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 12.29% | -10.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 14.14% | -11.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.89% | 15.15% | -11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 17.65% | -13.45% |
ETOHX vs. ETGIX - Expense Ratio Comparison
ETOHX has a 0.70% expense ratio, which is lower than ETGIX's 1.57% expense ratio.
Dividends
ETOHX vs. ETGIX - Dividend Comparison
ETOHX's dividend yield for the trailing twelve months is around 3.44%, less than ETGIX's 15.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | 15.99% | 14.47% | 4.07% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.17% | 3.32% | 0.56% | 0.79% |
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.44% | 4.24% | 3.62% | 2.42% | 2.81% | 2.56% | 2.77% | 3.40% | 3.11% | 3.42% | 3.58% | 3.73% |
Frequently Asked Questions
ETOHX and ETGIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (3.51%) compared to ETOHX (0.76%). In terms of maximum drawdown, ETOHX dropped -21.71% vs ETGIX's -73.62%.
ETOHX currently has the higher Sharpe Ratio (2.32 vs -0.76), 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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