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 1.91%/yr vs 10.34%/yr for EISMX. Their -0.04 correlation means they have often moved in opposite directions in the past. 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 0.65% return, which is significantly lower than EISMX's 5.24% return. Over the past 10 years, ETORX has underperformed EISMX with an annualized return of 1.91%, while EISMX has yielded a comparatively higher 10.34% annualized return.
ETORX
- 1D
- -0.25%
- 1M
- -1.98%
- 6M
- -0.12%
- YTD
- 0.65%
- 1Y
- 5.67%
- 3Y*
- 3.57%
- 5Y*
- 0.70%
- 10Y*
- 1.91%
- ALL TIME*
- 3.57%
EISMX
- 1D
- -1.07%
- 1M
- 3.30%
- 6M
- 3.91%
- YTD
- 5.24%
- 1Y
- 2.39%
- 3Y*
- 6.91%
- 5Y*
- 5.08%
- 10Y*
- 10.34%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ETORX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETORX Eaton Vance Oregon Municipal Income Fund | 0.65% | 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 | 5.24% | -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 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2002 | -0.04 |
The correlation between ETORX and EISMX shifts across timeframes, from -0.04 (all time) to 0.24 (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 | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.00 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.10 | +2.63 |
| Martin ratioReturn relative to average drawdown | 8.50 | -0.20 | +8.70 |
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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% | -12.69% | +10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -19.39% | +14.61% |
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 | -1.98% | -6.45% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -5.86% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 6.40% | -5.63% |
Volatility
ETORX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Oregon Municipal Income Fund (ETORX) is 1.03%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 5.63%. 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 | 1.03% | 5.63% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 12.13% | -9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 16.19% | -13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 17.21% | -13.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 18.87% | -15.08% |
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 3.11%, less than EISMX's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.11% | 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 | 3.11% | 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 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (5.63%) compared to ETORX (1.03%). In terms of maximum drawdown, ETORX dropped -28.41% vs EISMX's -45.32%.
ETORX currently has the higher Sharpe Ratio (2.26 vs -0.08), 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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