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.
Key characteristics
| EVM | IIM | |
|---|---|---|
| YTD Return | 7.48% | 11.55% |
| 1Y Return | 16.32% | 18.87% |
| 3Y Return (Ann) | -3.08% | -4.49% |
| 5Y Return (Ann) | 1.06% | 0.69% |
| 10Y Return (Ann) | 2.83% | 2.70% |
| Sharpe Ratio | 1.74 | 2.00 |
| Sortino Ratio | 2.52 | 2.99 |
| Omega Ratio | 1.32 | 1.38 |
| Calmar Ratio | 0.73 | 0.69 |
| Martin Ratio | 9.87 | 10.16 |
| Ulcer Index | 1.72% | 1.86% |
| Daily Std Dev | 9.79% | 9.44% |
| Max Drawdown | -55.50% | -40.15% |
| Current Drawdown | -10.96% | -15.08% |
Fundamentals
| EVM | IIM | |
|---|---|---|
| Market Cap | $230.20M | $584.59M |
| EPS | $0.33 | $1.17 |
| PE Ratio | 28.27 | 10.62 |
| PEG Ratio | 0.00 | 0.00 |
Correlation
The correlation between EVM and IIM is 0.36, 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
In the year-to-date period, EVM achieves a 7.48% return, which is significantly lower than IIM's 11.55% return. Both investments have delivered pretty close results over the past 10 years, with EVM having a 2.83% annualized return and IIM not far behind at 2.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
EVM vs. IIM - Dividend Comparison
EVM's dividend yield for the trailing twelve months is around 4.81%, less than IIM's 6.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVM Eaton Vance California Municipal Bond Fund | 4.81% | 3.93% | 4.99% | 4.31% | 4.08% | 4.19% | 5.34% | 5.11% | 5.80% | 6.10% | 5.68% | 6.36% |
IIM Invesco Value Municipal Income Trust | 6.03% | 4.73% | 5.88% | 4.51% | 4.48% | 4.62% | 5.41% | 4.99% | 5.52% | 5.20% | 5.49% | 6.67% |
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.
Volatility
EVM vs. IIM - Volatility Comparison
The current volatility for Eaton Vance California Municipal Bond Fund (EVM) is 2.74%, while Invesco Value Municipal Income Trust (IIM) has a volatility of 3.22%. This indicates that EVM experiences smaller price fluctuations and is considered to be less risky than IIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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