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 2.29%/yr vs 8.61%/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 6.03% return, which is significantly higher than PTY's -1.00% return. Over the past 10 years, EVN has underperformed PTY with an annualized return of 2.29%, while PTY has yielded a comparatively higher 8.61% annualized return.
EVN
- 1D
- 0.45%
- 1M
- 1.62%
- 6M
- 3.62%
- YTD
- 6.03%
- 1Y
- 12.83%
- 3Y*
- 9.16%
- 5Y*
- 0.25%
- 10Y*
- 2.29%
PTY
- 1D
- -0.26%
- 1M
- 2.80%
- 6M
- -3.18%
- YTD
- -1.00%
- 1Y
- -3.54%
- 3Y*
- 6.02%
- 5Y*
- -0.18%
- 10Y*
- 8.61%
EVN vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 6.03% | 12.83% | 8.88% | 4.35% | -25.01% | 7.63% | 9.66% | 18.04% | -3.81% | 4.08% |
PTY PIMCO Corporate & Income Opportunity Fund | -1.00% | -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 | 0.25 |
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 | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.95 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -0.23 | +1.73 |
| Martin ratioReturn relative to average drawdown | 5.11 | -0.42 | +5.53 |
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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 | -12.74% | -16.04% | +3.30% |
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 | -1.51% | -10.15% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -8.62% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 8.46% | -5.94% |
Volatility
EVN vs. PTY - Volatility Comparison
Eaton Vance Municipal Income Trust (EVN) and PIMCO Corporate & Income Opportunity Fund (PTY) have volatilities of 2.53% and 2.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 2.53% | 2.42% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 7.51% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 11.02% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.92% | 17.25% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.89% | 21.18% | -8.29% |
Dividends
EVN vs. PTY - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 5.09%, less than PTY's 11.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 5.09% | 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 | 11.94% | 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 (2.53%) compared to PTY (2.42%). In terms of maximum drawdown, EVN dropped -56.87% vs PTY's -60.86%.
EVN currently has the higher Sharpe Ratio (1.18 vs -0.32), 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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