EVN vs. EVHY
Compare and contrast key facts about Eaton Vance Municipal Income Trust (EVN) and Eaton Vance High Yield ETF (EVHY).
EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVN or EVHY.
Correlation
The correlation between EVN and EVHY is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EVN vs. EVHY - Performance Comparison
Key characteristics
EVN:
0.61
EVHY:
1.60
EVN:
0.95
EVHY:
2.42
EVN:
1.11
EVHY:
1.34
EVN:
0.29
EVHY:
2.10
EVN:
1.47
EVHY:
11.58
EVN:
4.43%
EVHY:
0.67%
EVN:
10.62%
EVHY:
4.88%
EVN:
-56.96%
EVHY:
-3.71%
EVN:
-16.55%
EVHY:
-1.26%
Returns By Period
In the year-to-date period, EVN achieves a 0.32% return, which is significantly lower than EVHY's 0.99% return.
EVN
0.32%
-3.92%
-6.64%
6.72%
1.16%
2.03%
EVHY
0.99%
-0.94%
0.83%
7.67%
N/A
N/A
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Risk-Adjusted Performance
EVN vs. EVHY — Risk-Adjusted Performance Rank
EVN
EVHY
EVN vs. EVHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income Trust (EVN) and Eaton Vance High Yield ETF (EVHY). 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
EVN vs. EVHY - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 6.09%, less than EVHY's 7.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 6.09% | 5.78% | 4.80% | 5.60% | 4.14% | 4.20% | 4.46% | 5.50% | 5.37% | 6.06% | 6.46% | 6.71% |
EVHY Eaton Vance High Yield ETF | 7.69% | 7.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EVN vs. EVHY - Drawdown Comparison
The maximum EVN drawdown since its inception was -56.96%, which is greater than EVHY's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for EVN and EVHY. For additional features, visit the drawdowns tool.
Volatility
EVN vs. EVHY - Volatility Comparison
Eaton Vance Municipal Income Trust (EVN) has a higher volatility of 5.55% compared to Eaton Vance High Yield ETF (EVHY) at 3.54%. This indicates that EVN's price experiences larger fluctuations and is considered to be riskier than EVHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.