EVIBX vs. EIMAX
EVIBX (Eaton Vance Income Fund of Boston) and EIMAX (Eaton Vance Massachusetts Municipal Income Fund) are both mutual funds - EVIBX is a High Yield Bonds fund managed by Eaton Vance, while EIMAX is a Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, EVIBX returned 5.04%/yr vs 1.46%/yr for EIMAX. At a 0.17 correlation, their price movements are largely independent. EVIBX charges 1.00%/yr vs 0.48%/yr for EIMAX.
Performance
EVIBX vs. EIMAX - Performance Comparison
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Returns By Period
In the year-to-date period, EVIBX achieves a 0.83% return, which is significantly lower than EIMAX's 1.63% return. Over the past 10 years, EVIBX has outperformed EIMAX with an annualized return of 5.04%, while EIMAX has yielded a comparatively lower 1.46% annualized return.
EVIBX
- 1D
- -0.19%
- 1M
- 0.70%
- YTD
- 0.83%
- 6M
- 1.53%
- 1Y
- 5.82%
- 3Y*
- 7.36%
- 5Y*
- 3.92%
- 10Y*
- 5.04%
EIMAX
- 1D
- -0.13%
- 1M
- 1.60%
- YTD
- 1.63%
- 6M
- 2.07%
- 1Y
- 6.84%
- 3Y*
- 3.24%
- 5Y*
- 0.38%
- 10Y*
- 1.46%
EVIBX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVIBX Eaton Vance Income Fund of Boston | 0.83% | 8.21% | 6.57% | 10.67% | -8.16% | 5.57% | 4.83% | 13.30% | -2.77% | 6.03% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 1.63% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Correlation
The correlation between EVIBX and EIMAX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 1993 | 0.17 |
Over the past year, EVIBX and EIMAX have become more correlated (0.47) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
EVIBX vs. EIMAX — Risk / Return Rank
EVIBX
EIMAX
EVIBX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Fund of Boston (EVIBX) 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.
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.
| EVIBX | EIMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.63 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.53 | -0.04 |
| Martin ratioReturn relative to average drawdown | 12.62 | 8.55 | +4.07 |
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Drawdowns
EVIBX vs. EIMAX - Drawdown Comparison
The maximum EVIBX drawdown since its inception was -36.79%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EVIBX and EIMAX.
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Drawdown Indicators
| EVIBX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -29.25% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -2.77% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -6.83% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -14.67% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -21.06% | -14.67% | -6.39% |
Current DrawdownCurrent decline from peak | -0.38% | -0.36% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -3.90% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.82% | -0.36% |
Volatility
EVIBX vs. EIMAX - Volatility Comparison
Eaton Vance Income Fund of Boston (EVIBX) has a higher volatility of 0.91% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 0.83%. This indicates that EVIBX'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
| EVIBX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.83% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.09% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 2.88% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 4.38% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 4.21% | +1.19% |
EVIBX vs. EIMAX - Expense Ratio Comparison
EVIBX has a 1.00% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Dividends
EVIBX vs. EIMAX - Dividend Comparison
EVIBX's dividend yield for the trailing twelve months is around 6.09%, more than EIMAX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.60% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
EVIBX Eaton Vance Income Fund of Boston | 6.09% | 5.91% | 5.36% | 4.59% | 5.65% | 5.04% | 5.69% | 5.62% | 6.01% | 5.53% | 5.85% | 6.54% |
Frequently Asked Questions
EVIBX and EIMAX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVIBX has higher volatility (0.91%) compared to EIMAX (0.83%). In terms of maximum drawdown, EVIBX dropped -36.79% vs EIMAX's -29.25%.
EIMAX currently has the higher Sharpe Ratio (2.44 vs 1.78), 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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