EVG vs. EIMAX
Compare and contrast key facts about Eaton Vance Short Duration Diversified Income Fund (EVG) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
EVG is managed by Eaton Vance. It was launched on Feb 28, 2005. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
EVG vs. EIMAX - Performance Comparison
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EVG vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | -0.06% | 8.43% | 14.80% | 11.90% | -14.12% | 17.10% | -1.68% | 16.48% | -7.59% | 10.82% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | -0.70% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Returns By Period
In the year-to-date period, EVG achieves a -0.06% return, which is significantly higher than EIMAX's -0.70% return. Over the past 10 years, EVG has outperformed EIMAX with an annualized return of 6.08%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EVG
- 1D
- 2.39%
- 1M
- -1.23%
- YTD
- -0.06%
- 6M
- -1.61%
- 1Y
- 5.61%
- 3Y*
- 9.78%
- 5Y*
- 5.09%
- 10Y*
- 6.08%
EIMAX
- 1D
- 0.13%
- 1M
- -2.65%
- YTD
- -0.70%
- 6M
- 0.84%
- 1Y
- 3.61%
- 3Y*
- 2.28%
- 5Y*
- 0.14%
- 10Y*
- 1.47%
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EVG vs. EIMAX - Expense Ratio Comparison
EVG has a 0.02% expense ratio, which is lower than EIMAX's 0.48% expense ratio.
Return for Risk
EVG vs. EIMAX — Risk / Return Rank
EVG
EIMAX
EVG vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Diversified Income Fund (EVG) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX). 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.
| EVG | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.79 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.10 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.87 | -0.06 |
Martin ratioReturn relative to average drawdown | 3.00 | 3.04 | -0.04 |
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
| EVG | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.79 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.03 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.35 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.22 |
Correlation
The correlation between EVG and EIMAX is 0.10, 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
EVG vs. EIMAX - Dividend Comparison
EVG's dividend yield for the trailing twelve months is around 8.35%, more than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 8.35% | 8.15% | 8.69% | 9.18% | 12.40% | 8.75% | 6.67% | 6.96% | 6.63% | 6.68% | 7.79% | 8.05% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.66% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Drawdowns
EVG vs. EIMAX - Drawdown Comparison
The maximum EVG drawdown since its inception was -40.60%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EVG and EIMAX.
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Drawdown Indicators
| EVG | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -29.25% | -11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -5.62% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -14.67% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | -14.67% | -18.08% |
Current DrawdownCurrent decline from peak | -2.66% | -2.65% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -3.92% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.61% | +0.26% |
Volatility
EVG vs. EIMAX - Volatility Comparison
Eaton Vance Short Duration Diversified Income Fund (EVG) has a higher volatility of 4.30% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.03%. This indicates that EVG's price experiences larger fluctuations and is considered to be riskier than EIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVG | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 1.03% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 1.69% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 5.75% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 4.34% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 4.19% | +8.76% |