ETX vs. DSGX

Last updated Jun 24, 2026

ETX (Eaton Vance Municipal Income 2028 Term Trust) and DSGX (The Descartes Systems Group Inc.) are both stocks. ETX operates in Asset Management (Financial Services), while DSGX operates in Software - Application (Technology). Over the past 10 years, ETX returned 3.16%/yr vs 13.56%/yr for DSGX. At a 0.05 correlation, their price movements are largely independent.

Performance

ETX vs. DSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Municipal Income 2028 Term Trust (ETX) and The Descartes Systems Group Inc. (DSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETX achieves a 1.81% return, which is significantly higher than DSGX's -22.76% return. Over the past 10 years, ETX has underperformed DSGX with an annualized return of 3.16%, while DSGX has yielded a comparatively higher 13.56% annualized return.

ETX

• 1D: -0.76%
• 1M: -2.38%
• YTD: 1.81%
• 6M: 1.05%
• 1Y: 8.37%
• 3Y*: 6.88%
• 5Y*: 0.59%
• 10Y*: 3.16%

DSGX

• 1D: 1.88%
• 1M: -5.02%
• YTD: -22.76%
• 6M: -24.02%
• 1Y: -32.81%
• 3Y*: -3.99%
• 5Y*: 0.07%
• 10Y*: 13.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETX vs. DSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETX Eaton Vance Municipal Income 2028 Term Trust	1.81%	11.72%	6.87%	1.32%	-13.52%	-4.67%	11.31%	19.57%	-3.74%	10.22%
DSGX The Descartes Systems Group Inc.	-22.76%	-22.83%	35.14%	20.69%	-15.76%	41.38%	36.89%	61.45%	-6.83%	32.71%

Correlation

The correlation between ETX and DSGX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 26, 2013	0.05

Fundamentals

EPS ETX : $1.37 DSGX : $2.02
PE Ratio ETX : 13.58 DSGX : 33.53
PEG Ratio ETX : 0.60 DSGX : 1.90
PS Ratio ETX : 10.75 DSGX : 7.83
Total Revenue (TTM) ETX : $18.81M DSGX : $757.13M
Gross Profit (TTM) ETX : $8.18M DSGX : $526.49M
EBITDA (TTM) ETX : $16.49M DSGX : $324.67M

Return for Risk

ETX vs. DSGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETX

ETX Risk / Return Rank: 66
ETX Sharpe Ratio Rank: 67
ETX Sortino Ratio Rank: 60
ETX Omega Ratio Rank: 59
ETX Calmar Ratio Rank: 73
ETX Martin Ratio Rank: 72

DSGX

DSGX Risk / Return Rank: 10
DSGX Sharpe Ratio Rank: 8
DSGX Sortino Ratio Rank: 8
DSGX Omega Ratio Rank: 10
DSGX Calmar Ratio Rank: 12
DSGX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETX vs. DSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income 2028 Term Trust (ETX) and The Descartes Systems Group Inc. (DSGX). 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.

	ETX	DSGX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	-0.88	+1.63
Sortino ratio: Return per unit of downside risk	1.15	-1.28	+2.43
Omega ratio: Gain probability vs. loss probability	1.15	0.86	+0.29
Calmar ratio: Return relative to maximum drawdown	1.70	-0.79	+2.49
Martin ratio: Return relative to average drawdown	3.92	-1.34	+5.26

ETX vs. DSGX - Sharpe Ratio Comparison

The current ETX Sharpe Ratio is 0.75, which is higher than the DSGX Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of ETX and DSGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETX vs. DSGX - Drawdown Comparison

The maximum ETX drawdown since its inception was -32.09%, smaller than the maximum DSGX drawdown of -98.95%. Use the drawdown chart below to compare losses from any high point for ETX and DSGX.

Drawdown Indicators

	ETX	DSGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.09%	-98.95%	+66.86%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	-41.72%	+36.79%
Max Drawdown (3Y) Largest decline over 3 years	-6.69%	-48.72%	+42.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.19%	-48.72%	+24.53%
Max Drawdown (10Y) Largest decline over 10 years	-25.18%	-48.72%	+23.54%
Current Drawdown Current decline from peak	-2.58%	-44.73%	+42.15%
Average Drawdown Average peak-to-trough decline	-8.12%	-69.20%	+61.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	24.48%	-22.34%

Volatility

ETX vs. DSGX - Volatility Comparison

The current volatility for Eaton Vance Municipal Income 2028 Term Trust (ETX) is 2.97%, while The Descartes Systems Group Inc. (DSGX) has a volatility of 13.62%. This indicates that ETX experiences smaller price fluctuations and is considered to be less risky than DSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETX	DSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	13.62%	-10.65%
Volatility (6M) Calculated over the trailing 6-month period	8.22%	28.99%	-20.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	37.50%	-26.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	30.58%	-17.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	29.55%	-15.08%

Dividends

ETX vs. DSGX - Dividend Comparison

ETX's dividend yield for the trailing twelve months is around 5.05%, while DSGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSGX The Descartes Systems Group Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ETX Eaton Vance Municipal Income 2028 Term Trust	5.05%	5.02%	5.33%	4.15%	4.62%	3.96%	3.60%	3.88%	4.46%	4.11%	4.33%	4.60%

Financials

Frequently Asked Questions

Can I hold both ETX and DSGX in my portfolio?

ETX and DSGX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETX or DSGX?

DSGX has higher volatility (13.62%) compared to ETX (2.97%). In terms of maximum drawdown, ETX dropped -32.09% vs DSGX's -98.95%.

Which has better risk-adjusted returns?

ETX currently has the higher Sharpe Ratio (0.75 vs -0.88), 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.