EVT vs. EIMAX
Compare and contrast key facts about Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
EVT is managed by Eaton Vance. It was launched on Sep 30, 2003. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
EVT vs. EIMAX - Performance Comparison
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EVT vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | -0.60% | 13.79% | 17.34% | 5.78% | -17.33% | 33.94% | 1.72% | 44.71% | -11.92% | 21.80% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | -0.70% | 3.76% | 1.37% | 5.06% | -9.61% | 0.57% | 4.60% | 7.01% | 0.65% | 4.67% |
Returns By Period
In the year-to-date period, EVT achieves a -0.60% return, which is significantly higher than EIMAX's -0.70% return. Over the past 10 years, EVT has outperformed EIMAX with an annualized return of 10.72%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EVT
- 1D
- 2.55%
- 1M
- -6.14%
- YTD
- -0.60%
- 6M
- 4.46%
- 1Y
- 14.47%
- 3Y*
- 11.56%
- 5Y*
- 6.69%
- 10Y*
- 10.72%
EIMAX
- 1D
- 0.13%
- 1M
- -2.65%
- YTD
- -0.70%
- 6M
- 0.84%
- 1Y
- 3.61%
- 3Y*
- 2.28%
- 5Y*
- 0.14%
- 10Y*
- 1.47%
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EVT vs. EIMAX - Expense Ratio Comparison
EVT has a 0.01% expense ratio, which is lower than EIMAX's 0.48% expense ratio.
Return for Risk
EVT vs. EIMAX — Risk / Return Rank
EVT
EIMAX
EVT vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX). 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.
| EVT | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.79 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.10 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.87 | +0.28 |
Martin ratioReturn relative to average drawdown | 5.04 | 3.04 | +1.99 |
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
| EVT | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.79 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.03 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.35 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.16 |
Correlation
The correlation between EVT and EIMAX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EVT vs. EIMAX - Dividend Comparison
EVT's dividend yield for the trailing twelve months is around 8.05%, more than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 8.05% | 7.84% | 8.02% | 8.03% | 8.44% | 5.65% | 7.97% | 6.82% | 9.16% | 6.85% | 8.47% | 7.49% |
EIMAX Eaton Vance Massachusetts Municipal Income Fund | 3.66% | 4.52% | 4.15% | 2.39% | 2.62% | 2.01% | 2.58% | 3.46% | 3.27% | 3.41% | 3.65% | 3.70% |
Drawdowns
EVT vs. EIMAX - Drawdown Comparison
The maximum EVT drawdown since its inception was -74.01%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EVT and EIMAX.
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Drawdown Indicators
| EVT | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -29.25% | -44.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.02% | -5.62% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -14.67% | -13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -14.67% | -37.36% |
Current DrawdownCurrent decline from peak | -6.28% | -2.65% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -3.92% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.61% | +1.37% |
Volatility
EVT vs. EIMAX - Volatility Comparison
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has a higher volatility of 5.20% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.03%. This indicates that EVT's price experiences larger fluctuations and is considered to be riskier than EIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVT | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 1.03% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 1.69% | +7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 5.75% | +11.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 4.34% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 4.19% | +16.41% |