ETORX vs. EISMX
ETORX (Eaton Vance Oregon Municipal Income Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - ETORX is a Municipal Bonds fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, ETORX returned 2.10%/yr vs 9.95%/yr for EISMX. At a correlation of -0.05, they often move in opposite directions. ETORX charges 0.66%/yr vs 0.88%/yr for EISMX.
Performance
ETORX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, ETORX achieves a 2.69% return, which is significantly higher than EISMX's -0.11% return. Over the past 10 years, ETORX has underperformed EISMX with an annualized return of 2.10%, while EISMX has yielded a comparatively higher 9.95% annualized return.
ETORX
- 1D
- 0.41%
- 1M
- 1.04%
- YTD
- 2.69%
- 6M
- 2.69%
- 1Y
- 7.57%
- 3Y*
- 4.36%
- 5Y*
- 1.23%
- 10Y*
- 2.10%
EISMX
- 1D
- 0.14%
- 1M
- 1.49%
- YTD
- -0.11%
- 6M
- -0.11%
- 1Y
- -5.89%
- 3Y*
- 6.38%
- 5Y*
- 4.07%
- 10Y*
- 9.95%
ETORX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETORX Eaton Vance Oregon Municipal Income Fund | 2.69% | 5.14% | 2.23% | 5.01% | -8.48% | 0.57% | 5.60% | 6.93% | 2.35% | 2.82% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | -0.11% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between ETORX and EISMX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2002 | -0.05 |
The correlation between ETORX and EISMX shifts across timeframes, from -0.05 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETORX vs. EISMX — Risk / Return Rank
ETORX
EISMX
ETORX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Oregon Municipal Income Fund (ETORX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX). 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.
| ETORX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 0.97 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.30 | +3.24 |
| Martin ratioReturn relative to average drawdown | 10.40 | -0.56 | +10.95 |
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Drawdowns
ETORX vs. EISMX - Drawdown Comparison
The maximum ETORX drawdown since its inception was -28.41%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for ETORX and EISMX.
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Drawdown Indicators
| ETORX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.41% | -45.32% | +16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -14.66% | +12.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.72% | -19.39% | +13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -13.03% | -19.81% | +6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -13.03% | -39.95% | +26.92% |
Current DrawdownCurrent decline from peak | 0.00% | -11.20% | +11.20% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -5.85% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 7.94% | -7.21% |
Volatility
ETORX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Oregon Municipal Income Fund (ETORX) is 0.55%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 4.86%. This indicates that ETORX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETORX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 4.86% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 11.74% | -9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 15.65% | -12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 17.16% | -13.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 18.81% | -15.03% |
ETORX vs. EISMX - Expense Ratio Comparison
ETORX has a 0.66% expense ratio, which is lower than EISMX's 0.88% expense ratio.
Dividends
ETORX vs. EISMX - Dividend Comparison
ETORX's dividend yield for the trailing twelve months is around 3.32%, less than EISMX's 6.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.43% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
ETORX Eaton Vance Oregon Municipal Income Fund | 3.32% | 4.17% | 3.97% | 3.19% | 2.36% | 1.80% | 2.36% | 3.17% | 3.49% | 3.64% | 3.59% | 3.76% |
Frequently Asked Questions
ETORX and EISMX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (4.86%) compared to ETORX (0.55%). In terms of maximum drawdown, ETORX dropped -28.41% vs EISMX's -45.32%.
ETORX currently has the higher Sharpe Ratio (2.76 vs -0.28), 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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