ETOHX vs. VOHIX
Compare and contrast key facts about Eaton Vance Ohio Municipal Income Fund (ETOHX) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX).
ETOHX is managed by Eaton Vance. It was launched on Dec 6, 1993. VOHIX is managed by Vanguard. It was launched on Jun 18, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETOHX or VOHIX.
Key characteristics
| ETOHX | VOHIX | |
|---|---|---|
| YTD Return | 2.07% | 3.01% |
| 1Y Return | 7.34% | 9.85% |
| 3Y Return (Ann) | -0.46% | -0.51% |
| 5Y Return (Ann) | 1.17% | 1.63% |
| 10Y Return (Ann) | 2.36% | 2.98% |
| Sharpe Ratio | 1.92 | 2.09 |
| Daily Std Dev | 3.83% | 4.71% |
| Max Drawdown | -21.71% | -16.81% |
| Current Drawdown | -1.80% | -2.08% |
Correlation
The correlation between ETOHX and VOHIX is 0.86, 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.
Performance
ETOHX vs. VOHIX - Performance Comparison
In the year-to-date period, ETOHX achieves a 2.07% return, which is significantly lower than VOHIX's 3.01% return. Over the past 10 years, ETOHX has underperformed VOHIX with an annualized return of 2.36%, while VOHIX has yielded a comparatively higher 2.98% 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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ETOHX vs. VOHIX - Expense Ratio Comparison
ETOHX has a 0.70% expense ratio, which is higher than VOHIX's 0.13% expense ratio.
Risk-Adjusted Performance
ETOHX vs. VOHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ohio Municipal Income Fund (ETOHX) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX). 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. VOHIX - Dividend Comparison
ETOHX's dividend yield for the trailing twelve months is around 3.15%, less than VOHIX's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.15% | 2.91% | 2.81% | 2.56% | 2.77% | 2.92% | 3.12% | 3.42% | 3.60% | 3.75% | 3.93% | 4.11% |
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.19% | 3.06% | 2.73% | 3.20% | 3.39% | 3.70% | 3.51% | 3.70% | 3.75% | 3.84% | 4.03% | 4.26% |
Drawdowns
ETOHX vs. VOHIX - Drawdown Comparison
The maximum ETOHX drawdown since its inception was -21.71%, which is greater than VOHIX's maximum drawdown of -16.81%. Use the drawdown chart below to compare losses from any high point for ETOHX and VOHIX. For additional features, visit the drawdowns tool.
Volatility
ETOHX vs. VOHIX - Volatility Comparison
Eaton Vance Ohio Municipal Income Fund (ETOHX) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) have volatilities of 0.49% and 0.49%, 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.