EVN vs. VOO
EVN (Eaton Vance Municipal Income Trust) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, EVN returned 2.23%/yr vs 15.61%/yr for VOO. At a 0.11 correlation, their price movements are largely independent.
Performance
EVN vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVN achieves a 5.64% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, EVN has underperformed VOO with an annualized return of 2.23%, while VOO has yielded a comparatively higher 15.61% 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%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
EVN vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between EVN and VOO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.11 |
The correlation between EVN and VOO shifts across timeframes, from 0.11 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EVN vs. VOO — Risk / Return Rank
EVN
VOO
EVN vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income Trust (EVN) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.67 | -0.99 |
| Martin ratioReturn relative to average drawdown | 5.77 | 11.96 | -6.19 |
Loading charts...
Drawdowns
EVN vs. VOO - Drawdown Comparison
The maximum EVN drawdown since its inception was -56.87%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EVN and VOO.
Loading charts...
Drawdown Indicators
| EVN | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.87% | -33.99% | -22.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -8.90% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -18.69% | +5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -24.52% | -8.32% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -33.99% | +1.15% |
Current DrawdownCurrent decline from peak | -0.84% | -3.14% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -3.68% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.99% | +0.51% |
Volatility
EVN vs. VOO - Volatility Comparison
The current volatility for Eaton Vance Municipal Income Trust (EVN) is 2.96%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that EVN experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EVN | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 4.83% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 9.82% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 12.46% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.92% | 16.91% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 18.02% | -5.09% |
Dividends
EVN vs. VOO - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 5.57%, more than VOO's 1.05% 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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
EVN and VOO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.83%) compared to EVN (2.96%). In terms of maximum drawdown, EVN dropped -56.87% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.91 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.
Find the right allocation for EVN and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer