EVN vs. VOO
Compare and contrast key facts about Eaton Vance Municipal Income Trust (EVN) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVN or VOO.
Key characteristics
| EVN | VOO | |
|---|---|---|
| YTD Return | 11.97% | 26.13% |
| 1Y Return | 18.32% | 33.91% |
| 3Y Return (Ann) | -3.80% | 9.98% |
| 5Y Return (Ann) | 0.78% | 15.61% |
| 10Y Return (Ann) | 2.83% | 13.33% |
| Sharpe Ratio | 1.74 | 2.82 |
| Sortino Ratio | 2.58 | 3.76 |
| Omega Ratio | 1.31 | 1.53 |
| Calmar Ratio | 0.63 | 4.05 |
| Martin Ratio | 8.04 | 18.48 |
| Ulcer Index | 2.17% | 1.85% |
| Daily Std Dev | 10.03% | 12.12% |
| Max Drawdown | -56.95% | -33.99% |
| Current Drawdown | -14.39% | -0.88% |
Correlation
The correlation between EVN and VOO is 0.09, 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.
Performance
EVN vs. VOO - Performance Comparison
In the year-to-date period, EVN achieves a 11.97% return, which is significantly lower than VOO's 26.13% return. Over the past 10 years, EVN has underperformed VOO with an annualized return of 2.83%, while VOO has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EVN vs. VOO - Risk-Adjusted Performance 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.
Dividends
EVN vs. VOO - Dividend Comparison
EVN's dividend yield for the trailing twelve months is around 5.44%, more than VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVN Eaton Vance Municipal Income Trust | 5.44% | 4.83% | 5.62% | 4.17% | 4.21% | 4.42% | 5.48% | 5.35% | 6.08% | 6.47% | 6.71% | 8.79% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
EVN vs. VOO - Drawdown Comparison
The maximum EVN drawdown since its inception was -56.95%, 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. For additional features, visit the drawdowns tool.
Volatility
EVN vs. VOO - Volatility Comparison
Eaton Vance Municipal Income Trust (EVN) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.65% and 3.84%, 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.