ETX vs. DTF
ETX (Eaton Vance Municipal Income 2028 Term Trust) and DTF (DTF Tax-Free Income 2028 Term Fund Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, ETX returned 3.16%/yr vs 0.16%/yr for DTF. At a 0.25 correlation, their price movements are largely independent.
Performance
ETX vs. DTF - Performance Comparison
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Returns By Period
In the year-to-date period, ETX achieves a 1.81% return, which is significantly lower than DTF's 1.98% return. Over the past 10 years, ETX has outperformed DTF with an annualized return of 3.16%, while DTF has yielded a comparatively lower 0.16% 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%
DTF
- 1D
- 0.09%
- 1M
- 1.17%
- YTD
- 1.98%
- 6M
- 2.88%
- 1Y
- 5.98%
- 3Y*
- 5.86%
- 5Y*
- -1.67%
- 10Y*
- 0.16%
ETX vs. DTF - 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% |
DTF DTF Tax-Free Income 2028 Term Fund Inc. | 1.98% | 5.41% | 8.07% | 2.12% | -21.17% | 0.09% | 4.11% | 23.44% | -7.25% | 2.16% |
Correlation
The correlation between ETX and DTF is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2013 | 0.25 |
The correlation between ETX and DTF shifts across timeframes, from 0.12 (1 year) to 0.27 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
ETX:
$1.37
DTF:
$0.93
ETX:
13.58
DTF:
12.25
ETX:
10.75
DTF:
14.40
ETX:
$18.81M
DTF:
$5.59M
ETX:
$8.18M
DTF:
$5.07M
ETX:
$16.49M
DTF:
$5.07M
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Return for Risk
ETX vs. DTF — Risk / Return Rank
ETX
DTF
ETX vs. DTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income 2028 Term Trust (ETX) and DTF Tax-Free Income 2028 Term Fund Inc. (DTF). 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 | DTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.93 | -1.23 |
| Martin ratioReturn relative to average drawdown | 3.92 | 8.50 | -4.58 |
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Drawdowns
ETX vs. DTF - Drawdown Comparison
The maximum ETX drawdown since its inception was -32.09%, smaller than the maximum DTF drawdown of -37.49%. Use the drawdown chart below to compare losses from any high point for ETX and DTF.
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Drawdown Indicators
| ETX | DTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.09% | -37.49% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -2.05% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -5.42% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -25.73% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | -25.73% | +0.55% |
Current DrawdownCurrent decline from peak | -2.58% | -9.19% | +6.61% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -9.22% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.71% | +1.43% |
Volatility
ETX vs. DTF - Volatility Comparison
Eaton Vance Municipal Income 2028 Term Trust (ETX) has a higher volatility of 2.97% compared to DTF Tax-Free Income 2028 Term Fund Inc. (DTF) at 1.70%. This indicates that ETX's price experiences larger fluctuations and is considered to be riskier than DTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETX | DTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 1.70% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 3.99% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 5.35% | +5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 8.08% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 9.56% | +4.91% |
Dividends
ETX vs. DTF - Dividend Comparison
ETX's dividend yield for the trailing twelve months is around 5.05%, more than DTF's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTF DTF Tax-Free Income 2028 Term Fund Inc. | 3.41% | 3.42% | 3.48% | 3.63% | 3.57% | 4.35% | 3.22% | 2.98% | 5.48% | 4.95% | 6.53% | 5.81% |
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
ETX vs. DTF - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Municipal Income 2028 Term Trust and DTF Tax-Free Income 2028 Term Fund Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ETX and DTF have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETX has higher volatility (2.97%) compared to DTF (1.70%). In terms of maximum drawdown, ETX dropped -32.09% vs DTF's -37.49%.
DTF currently has the higher Sharpe Ratio (1.12 vs 0.75), 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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