EVN vs. PTY
EVN (Eaton Vance Municipal Income Trust) is a stock, while PTY (PIMCO Corporate & Income Opportunity Fund) is Corporate Bonds fund managed by PIMCO. Over the past 10 years, EVN returned 2.23%/yr vs 8.56%/yr for PTY. At a 0.21 correlation, their price movements are largely independent.
Performance
EVN vs. PTY - 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 PTY's -3.45% return. Over the past 10 years, EVN has underperformed PTY with an annualized return of 2.23%, while PTY has yielded a comparatively higher 8.56% 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%
PTY
- 1D
- 0.60%
- 1M
- 0.76%
- YTD
- -3.45%
- 6M
- -2.62%
- 1Y
- -3.79%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 8.56%
EVN vs. PTY - 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% |
PTY PIMCO Corporate & Income Opportunity Fund | -3.45% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
Correlation
The correlation between EVN and PTY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.21 |
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Return for Risk
EVN vs. PTY — Risk / Return Rank
EVN
PTY
EVN vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income Trust (EVN) and PIMCO Corporate & Income Opportunity Fund (PTY). 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 | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.94 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.25 | +1.93 |
| Martin ratioReturn relative to average drawdown | 5.77 | -0.47 | +6.24 |
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Drawdowns
EVN vs. PTY - Drawdown Comparison
The maximum EVN drawdown since its inception was -56.87%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for EVN and PTY.
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Drawdown Indicators
| EVN | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.87% | -60.86% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -15.44% | +6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -16.04% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -41.38% | +8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -46.55% | +13.71% |
Current DrawdownCurrent decline from peak | -0.84% | -12.37% | +11.53% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -8.62% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 8.11% | -5.61% |
Volatility
EVN vs. PTY - Volatility Comparison
Eaton Vance Municipal Income Trust (EVN) has a higher volatility of 2.96% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 1.99%. This indicates that EVN's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVN | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 1.99% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 7.66% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 10.92% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.92% | 17.27% | -5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 21.19% | -8.26% |
Dividends
EVN vs. PTY - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 5.57%, less than PTY's 12.12% 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% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.12% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
EVN and PTY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVN has higher volatility (2.96%) compared to PTY (1.99%). In terms of maximum drawdown, EVN dropped -56.87% vs PTY's -60.86%.
EVN currently has the higher Sharpe Ratio (1.33 vs -0.35), 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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