ETOHX vs. MFIC
Compare and contrast key facts about Eaton Vance Ohio Municipal Income Fund (ETOHX) and MidCap Financial Investment Corporation (MFIC).
ETOHX is managed by Eaton Vance. It was launched on Dec 6, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETOHX or MFIC.
Key characteristics
| ETOHX | MFIC | |
|---|---|---|
| YTD Return | 2.20% | 9.43% |
| 1Y Return | 7.47% | 12.96% |
| 3Y Return (Ann) | -0.38% | 14.23% |
| 5Y Return (Ann) | 1.20% | 8.84% |
| 10Y Return (Ann) | 2.37% | 5.70% |
| Sharpe Ratio | 1.92 | 0.73 |
| Daily Std Dev | 3.83% | 18.60% |
| Max Drawdown | -21.71% | -87.97% |
| Current Drawdown | -1.68% | -10.10% |
Correlation
The correlation between ETOHX and MFIC is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ETOHX vs. MFIC - Performance Comparison
In the year-to-date period, ETOHX achieves a 2.20% return, which is significantly lower than MFIC's 9.43% return. Over the past 10 years, ETOHX has underperformed MFIC with an annualized return of 2.37%, while MFIC has yielded a comparatively higher 5.70% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ETOHX vs. MFIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ohio Municipal Income Fund (ETOHX) and MidCap Financial Investment Corporation (MFIC). 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.
Dividends
ETOHX vs. MFIC - Dividend Comparison
ETOHX's dividend yield for the trailing twelve months is around 3.14%, less than MFIC's 12.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.14% | 2.91% | 2.81% | 2.56% | 2.77% | 2.92% | 3.12% | 3.42% | 3.60% | 3.75% | 3.93% | 4.11% |
MFIC MidCap Financial Investment Corporation | 12.48% | 10.94% | 12.17% | 11.12% | 15.24% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% | 10.78% | 9.43% |
Drawdowns
ETOHX vs. MFIC - Drawdown Comparison
The maximum ETOHX drawdown since its inception was -21.71%, smaller than the maximum MFIC drawdown of -87.97%. Use the drawdown chart below to compare losses from any high point for ETOHX and MFIC. For additional features, visit the drawdowns tool.
Volatility
ETOHX vs. MFIC - Volatility Comparison
The current volatility for Eaton Vance Ohio Municipal Income Fund (ETOHX) is 0.46%, while MidCap Financial Investment Corporation (MFIC) has a volatility of 2.86%. This indicates that ETOHX experiences smaller price fluctuations and is considered to be less risky than MFIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.