EVN vs. NEM
EVN (Eaton Vance Municipal Income Trust) and NEM (Newmont Corporation) are both stocks. EVN operates in Asset Management (Financial Services), while NEM operates in Gold (Basic Materials). Over the past 10 years, EVN returned 2.23%/yr vs 12.89%/yr for NEM. At a 0.08 correlation, their price movements are largely independent.
Performance
EVN vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, EVN achieves a 5.64% return, which is significantly higher than NEM's -1.59% return. Over the past 10 years, EVN has underperformed NEM with an annualized return of 2.23%, while NEM has yielded a comparatively higher 12.89% annualized return.
EVN
- 1D
- 0.91%
- 1M
- 5.03%
- YTD
- 5.64%
- 6M
- 6.14%
- 1Y
- 14.42%
- 3Y*
- 9.79%
- 5Y*
- 0.17%
- 10Y*
- 2.23%
NEM
- 1D
- -3.89%
- 1M
- -8.89%
- YTD
- -1.59%
- 6M
- -6.63%
- 1Y
- 66.30%
- 3Y*
- 35.97%
- 5Y*
- 12.67%
- 10Y*
- 12.89%
EVN vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 5.64% | 12.83% | 8.88% | 4.35% | -25.01% | 7.63% | 9.66% | 18.04% | -3.81% | 4.08% |
NEM Newmont Corporation | -1.59% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between EVN and NEM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 1999 | 0.08 |
The correlation between EVN and NEM shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
EVN:
$0.94
NEM:
$6.34
EVN:
11.78
NEM:
15.44
EVN:
209.72
NEM:
0.40
EVN:
9.97
NEM:
4.71
EVN:
$43.97M
NEM:
$17.23B
EVN:
$42.94M
NEM:
$8.97B
EVN:
$57.66M
NEM:
$13.78B
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Return for Risk
EVN vs. NEM — Risk / Return Rank
EVN
NEM
EVN vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income Trust (EVN) and Newmont Corporation (NEM). 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.
| EVN | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.27 | -0.58 |
| Martin ratioReturn relative to average drawdown | 5.77 | 5.93 | -0.16 |
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Drawdowns
EVN vs. NEM - Drawdown Comparison
The maximum EVN drawdown since its inception was -56.87%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for EVN and NEM.
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Drawdown Indicators
| EVN | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.87% | -81.30% | +24.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -29.39% | +20.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -36.57% | +23.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -62.40% | +29.56% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -62.40% | +29.56% |
Current DrawdownCurrent decline from peak | -0.84% | -25.53% | +24.69% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -41.36% | +31.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 11.22% | -8.72% |
Volatility
EVN vs. NEM - Volatility Comparison
The current volatility for Eaton Vance Municipal Income Trust (EVN) is 2.96%, while Newmont Corporation (NEM) has a volatility of 15.78%. This indicates that EVN experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVN | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 15.78% | -12.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 37.82% | -29.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 47.80% | -36.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.92% | 38.04% | -26.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 35.71% | -22.78% |
Dividends
EVN vs. NEM - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 5.57%, more than NEM's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 5.57% | 5.72% | 5.78% | 4.80% | 5.60% | 4.14% | 4.20% | 4.46% | 5.50% | 5.37% | 6.06% | 6.46% |
NEM Newmont Corporation | 1.04% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
EVN vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Municipal Income Trust and Newmont Corporation. 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
Frequently Asked Questions
EVN and NEM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (15.78%) compared to EVN (2.96%). In terms of maximum drawdown, EVN dropped -56.87% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.40 vs 1.33), 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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