EVN vs. PMO
Compare and contrast key facts about Eaton Vance Municipal Income Trust (EVN) and Putnam Municipal Opportunities Trust (PMO).
Performance
EVN vs. PMO - Performance Comparison
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EVN vs. PMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | -1.70% | 12.83% | 8.88% | 4.35% | -25.01% | 7.63% | 9.66% | 18.04% | -3.81% | 4.08% |
PMO Putnam Municipal Opportunities Trust | -3.12% | 10.45% | 3.15% | -1.31% | -20.32% | 10.08% | 9.38% | 23.13% | -4.05% | 8.89% |
Fundamentals
EVN:
$413.76M
PMO:
$280.84M
EVN:
$0.94
PMO:
$3.07
EVN:
11.12
PMO:
3.34
EVN:
197.95
PMO:
0.19
EVN:
9.41
PMO:
10.46
EVN:
0.96
PMO:
0.90
EVN:
$43.97M
PMO:
$27.18M
EVN:
$42.94M
PMO:
$18.84M
EVN:
$57.66M
PMO:
$86.11M
Returns By Period
In the year-to-date period, EVN achieves a -1.70% return, which is significantly higher than PMO's -3.12% return. Over the past 10 years, EVN has underperformed PMO with an annualized return of 1.74%, while PMO has yielded a comparatively higher 2.75% annualized return.
EVN
- 1D
- 0.19%
- 1M
- -4.65%
- YTD
- -1.70%
- 6M
- -3.21%
- 1Y
- 6.63%
- 3Y*
- 6.66%
- 5Y*
- -0.48%
- 10Y*
- 1.74%
PMO
- 1D
- -0.49%
- 1M
- -5.34%
- YTD
- -3.12%
- 6M
- 0.32%
- 1Y
- 4.89%
- 3Y*
- 4.00%
- 5Y*
- -0.82%
- 10Y*
- 2.75%
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Return for Risk
EVN vs. PMO — Risk / Return Rank
EVN
PMO
EVN vs. PMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income Trust (EVN) and Putnam Municipal Opportunities Trust (PMO). 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.
| EVN | PMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.50 | +0.10 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.76 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.70 | +0.19 |
Martin ratioReturn relative to average drawdown | 3.50 | 2.15 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVN | PMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.50 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.06 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.19 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.36 | -0.09 |
Correlation
The correlation between EVN and PMO is 0.34, 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.
Dividends
EVN vs. PMO - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 5.90%, more than PMO's 4.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 5.90% | 5.72% | 5.78% | 4.80% | 5.60% | 4.14% | 4.20% | 4.46% | 5.50% | 5.37% | 6.06% | 6.46% |
PMO Putnam Municipal Opportunities Trust | 4.56% | 4.25% | 4.15% | 4.64% | 5.87% | 4.42% | 4.65% | 4.85% | 5.55% | 5.26% | 5.89% | 5.81% |
Drawdowns
EVN vs. PMO - Drawdown Comparison
The maximum EVN drawdown since its inception was -56.87%, which is greater than PMO's maximum drawdown of -36.46%. Use the drawdown chart below to compare losses from any high point for EVN and PMO.
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Drawdown Indicators
| EVN | PMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.87% | -36.46% | -20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -7.35% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -36.46% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -36.46% | +3.62% |
Current DrawdownCurrent decline from peak | -7.74% | -16.02% | +8.28% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -7.91% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.46% | -0.27% |
Volatility
EVN vs. PMO - Volatility Comparison
Eaton Vance Municipal Income Trust (EVN) has a higher volatility of 4.68% compared to Putnam Municipal Opportunities Trust (PMO) at 3.60%. This indicates that EVN's price experiences larger fluctuations and is considered to be riskier than PMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVN | PMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 3.60% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 6.00% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 9.84% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.81% | 14.99% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.92% | 14.26% | -1.34% |
Financials
EVN vs. PMO - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Municipal Income Trust and Putnam Municipal Opportunities 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