EVM vs. IIM
Compare and contrast key facts about Eaton Vance California Municipal Bond Fund (EVM) and Invesco Value Municipal Income Trust (IIM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVM or IIM.
Correlation
The correlation between EVM and IIM is 0.11, 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.
Performance
EVM vs. IIM - Performance Comparison
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Key characteristics
EVM:
0.04
IIM:
0.96
EVM:
0.10
IIM:
1.32
EVM:
1.01
IIM:
1.17
EVM:
0.01
IIM:
0.40
EVM:
0.07
IIM:
2.90
EVM:
2.77%
IIM:
3.27%
EVM:
10.84%
IIM:
10.71%
EVM:
-55.50%
IIM:
-40.15%
EVM:
-12.77%
IIM:
-14.70%
Fundamentals
EVM:
$221.81M
IIM:
$565.76M
EVM:
$1.33
IIM:
$0.45
EVM:
6.76
IIM:
26.71
EVM:
0.00
IIM:
0.00
EVM:
15.54
IIM:
12.77
EVM:
0.34
IIM:
0.91
EVM:
$7.02M
IIM:
$20.99M
EVM:
$7.02M
IIM:
$18.12M
Returns By Period
In the year-to-date period, EVM achieves a -0.16% return, which is significantly lower than IIM's 3.72% return. Over the past 10 years, EVM has underperformed IIM with an annualized return of 1.89%, while IIM has yielded a comparatively higher 2.66% annualized return.
EVM
-0.16%
5.04%
-0.88%
0.40%
1.16%
1.89%
IIM
3.72%
6.99%
-0.82%
10.23%
2.47%
2.66%
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Risk-Adjusted Performance
EVM vs. IIM — Risk-Adjusted Performance Rank
EVM
IIM
EVM vs. IIM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance California Municipal Bond Fund (EVM) and Invesco Value Municipal Income Trust (IIM). 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.
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Dividends
EVM vs. IIM - Dividend Comparison
EVM's dividend yield for the trailing twelve months is around 5.49%, less than IIM's 7.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVM Eaton Vance California Municipal Bond Fund | 5.49% | 5.23% | 3.92% | 4.96% | 4.31% | 4.07% | 4.14% | 5.28% | 5.08% | 5.79% | 6.10% | 5.64% |
IIM Invesco Value Municipal Income Trust | 7.47% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% | 5.49% |
Drawdowns
EVM vs. IIM - Drawdown Comparison
The maximum EVM drawdown since its inception was -55.50%, which is greater than IIM's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for EVM and IIM. For additional features, visit the drawdowns tool.
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Volatility
EVM vs. IIM - Volatility Comparison
Eaton Vance California Municipal Bond Fund (EVM) has a higher volatility of 4.12% compared to Invesco Value Municipal Income Trust (IIM) at 3.17%. This indicates that EVM's price experiences larger fluctuations and is considered to be riskier than IIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
EVM vs. IIM - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance California Municipal Bond Fund and Invesco Value Municipal Income Trust. 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