EVV vs. EIMAX
Compare and contrast key facts about Eaton Vance Limited Duration Income Fund (EVV) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
EVV is managed by Eaton Vance. It was launched on May 30, 2003. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
EVV vs. EIMAX - Performance Comparison
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EVV vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVV Eaton Vance Limited Duration Income Fund | -2.49% | 10.72% | 12.22% | 13.33% | -19.94% | 14.66% | 4.67% | 18.91% | -5.53% | 6.77% |
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, EVV achieves a -2.49% return, which is significantly lower than EIMAX's -0.70% return. Over the past 10 years, EVV has outperformed EIMAX with an annualized return of 5.76%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EVV
- 1D
- 4.13%
- 1M
- -3.42%
- YTD
- -2.49%
- 6M
- -2.69%
- 1Y
- 3.40%
- 3Y*
- 8.32%
- 5Y*
- 4.01%
- 10Y*
- 5.76%
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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EVV vs. EIMAX - Expense Ratio Comparison
EVV has a 0.04% expense ratio, which is lower than EIMAX's 0.48% expense ratio.
Return for Risk
EVV vs. EIMAX — Risk / Return Rank
EVV
EIMAX
EVV vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Limited Duration Income Fund (EVV) 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.
| EVV | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.79 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.47 | 1.10 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.87 | -0.55 |
Martin ratioReturn relative to average drawdown | 1.19 | 3.04 | -1.85 |
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
| EVV | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.79 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.03 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.35 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.56 | -0.22 |
Correlation
The correlation between EVV and EIMAX is 0.10, 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.
Dividends
EVV vs. EIMAX - Dividend Comparison
EVV's dividend yield for the trailing twelve months is around 9.28%, more than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVV Eaton Vance Limited Duration Income Fund | 9.28% | 8.86% | 9.78% | 10.43% | 12.78% | 9.16% | 9.58% | 6.42% | 8.44% | 7.22% | 8.46% | 9.56% |
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
EVV vs. EIMAX - Drawdown Comparison
The maximum EVV drawdown since its inception was -51.37%, which is greater than EIMAX's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EVV and EIMAX.
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Drawdown Indicators
| EVV | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.37% | -29.25% | -22.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -5.62% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -14.67% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -14.67% | -25.75% |
Current DrawdownCurrent decline from peak | -4.29% | -2.65% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -3.92% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.61% | +0.72% |
Volatility
EVV vs. EIMAX - Volatility Comparison
Eaton Vance Limited Duration Income Fund (EVV) has a higher volatility of 5.62% compared to Eaton Vance Massachusetts Municipal Income Fund (EIMAX) at 1.03%. This indicates that EVV'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
| EVV | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 1.03% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.94% | 1.69% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 5.75% | +5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 4.34% | +8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.42% | 4.19% | +11.23% |