ETORX vs. NQP
Compare and contrast key facts about Eaton Vance Oregon Municipal Income Fund (ETORX) and Nuveen Pennsylvania Quality Municipal Income (NQP).
ETORX is managed by Eaton Vance. It was launched on Dec 27, 1993. NQP is an actively managed fund by Nuveen. It was launched on Feb 21, 1991.
Performance
ETORX vs. NQP - Performance Comparison
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ETORX vs. NQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETORX Eaton Vance Oregon Municipal Income Fund | -0.21% | 5.14% | 2.23% | 5.01% | -8.48% | 0.57% | 5.60% | 6.93% | 2.35% | 2.82% |
NQP Nuveen Pennsylvania Quality Municipal Income | 2.14% | 15.46% | 2.70% | 7.44% | -21.95% | 7.75% | 7.08% | 21.21% | -2.28% | 5.96% |
Returns By Period
In the year-to-date period, ETORX achieves a -0.21% return, which is significantly lower than NQP's 2.14% return. Over the past 10 years, ETORX has underperformed NQP with an annualized return of 2.10%, while NQP has yielded a comparatively higher 3.34% annualized return.
ETORX
- 1D
- 0.25%
- 1M
- -1.98%
- YTD
- -0.21%
- 6M
- 1.52%
- 1Y
- 4.15%
- 3Y*
- 3.21%
- 5Y*
- 0.92%
- 10Y*
- 2.10%
NQP
- 1D
- -0.17%
- 1M
- -0.51%
- YTD
- 2.14%
- 6M
- 2.76%
- 1Y
- 13.70%
- 3Y*
- 7.94%
- 5Y*
- 1.65%
- 10Y*
- 3.34%
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ETORX vs. NQP - Expense Ratio Comparison
ETORX has a 0.66% expense ratio, which is lower than NQP's 1.27% expense ratio.
Return for Risk
ETORX vs. NQP — Risk / Return Rank
ETORX
NQP
ETORX vs. NQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Oregon Municipal Income Fund (ETORX) and Nuveen Pennsylvania Quality Municipal Income (NQP). 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.
| ETORX | NQP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.50 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.27 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 3.27 | -2.00 |
Martin ratioReturn relative to average drawdown | 4.18 | 8.94 | -4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETORX | NQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.50 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.17 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.31 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.41 | +0.39 |
Correlation
The correlation between ETORX and NQP is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ETORX vs. NQP - Dividend Comparison
ETORX's dividend yield for the trailing twelve months is around 3.40%, less than NQP's 7.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETORX Eaton Vance Oregon Municipal Income Fund | 3.40% | 4.17% | 3.97% | 3.19% | 2.36% | 1.80% | 2.36% | 3.17% | 3.49% | 3.64% | 3.59% | 3.76% |
NQP Nuveen Pennsylvania Quality Municipal Income | 7.86% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
Drawdowns
ETORX vs. NQP - Drawdown Comparison
The maximum ETORX drawdown since its inception was -28.41%, smaller than the maximum NQP drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for ETORX and NQP.
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Drawdown Indicators
| ETORX | NQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.41% | -41.87% | +13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -4.63% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -13.03% | -32.41% | +19.38% |
Max Drawdown (10Y)Largest decline over 10 years | -13.03% | -32.41% | +19.38% |
Current DrawdownCurrent decline from peak | -2.22% | -1.68% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -6.93% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.69% | -0.39% |
Volatility
ETORX vs. NQP - Volatility Comparison
The current volatility for Eaton Vance Oregon Municipal Income Fund (ETORX) is 1.07%, while Nuveen Pennsylvania Quality Municipal Income (NQP) has a volatility of 4.13%. This indicates that ETORX experiences smaller price fluctuations and is considered to be less risky than NQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETORX | NQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 4.13% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 5.32% | -3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 9.22% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 9.80% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 10.85% | -7.09% |