EWHYX vs. STXAX
Compare and contrast key facts about Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) and Western Asset Municipal High Income Fund (STXAX).
EWHYX is an actively managed fund by Eaton Vance. It was launched on May 9, 2007. STXAX is managed by Franklin Templeton. It was launched on Nov 5, 1992.
Performance
EWHYX vs. STXAX - Performance Comparison
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EWHYX vs. STXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EWHYX Eaton Vance High Yield Municipal Income Fund Class W | 0.37% | 3.59% | 5.42% | 7.74% | -11.72% | 0.21% |
STXAX Western Asset Municipal High Income Fund | -0.17% | 4.23% | 3.41% | 7.63% | -11.29% | 0.68% |
Returns By Period
In the year-to-date period, EWHYX achieves a 0.37% return, which is significantly higher than STXAX's -0.17% return.
EWHYX
- 1D
- 0.38%
- 1M
- -2.08%
- YTD
- 0.37%
- 6M
- 2.18%
- 1Y
- 3.60%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
STXAX
- 1D
- 0.39%
- 1M
- -2.08%
- YTD
- -0.17%
- 6M
- 1.20%
- 1Y
- 3.16%
- 3Y*
- 4.07%
- 5Y*
- 1.15%
- 10Y*
- 2.44%
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EWHYX vs. STXAX - Expense Ratio Comparison
EWHYX has a 0.18% expense ratio, which is lower than STXAX's 0.83% expense ratio.
Return for Risk
EWHYX vs. STXAX — Risk / Return Rank
EWHYX
STXAX
EWHYX vs. STXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) and Western Asset Municipal High Income Fund (STXAX). 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.
| EWHYX | STXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.60 | 0.00 |
Sortino ratioReturn per unit of downside risk | 0.84 | 0.83 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.74 | -0.03 |
Martin ratioReturn relative to average drawdown | 1.85 | 2.10 | -0.25 |
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
| EWHYX | STXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.60 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.07 | -0.88 |
Correlation
The correlation between EWHYX and STXAX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EWHYX vs. STXAX - Dividend Comparison
EWHYX's dividend yield for the trailing twelve months is around 4.73%, more than STXAX's 3.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWHYX Eaton Vance High Yield Municipal Income Fund Class W | 4.73% | 5.06% | 4.92% | 3.97% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STXAX Western Asset Municipal High Income Fund | 3.86% | 4.77% | 3.83% | 3.56% | 2.97% | 2.47% | 3.32% | 4.41% | 4.30% | 4.30% | 4.11% | 4.44% |
Drawdowns
EWHYX vs. STXAX - Drawdown Comparison
The maximum EWHYX drawdown since its inception was -16.52%, smaller than the maximum STXAX drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for EWHYX and STXAX.
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Drawdown Indicators
| EWHYX | STXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -22.48% | +5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -6.11% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -2.43% | -2.46% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -2.22% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.16% | +0.37% |
Volatility
EWHYX vs. STXAX - Volatility Comparison
The current volatility for Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) is 1.21%, while Western Asset Municipal High Income Fund (STXAX) has a volatility of 1.41%. This indicates that EWHYX experiences smaller price fluctuations and is considered to be less risky than STXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWHYX | STXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.41% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 2.03% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 6.14% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 4.70% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 4.62% | +0.65% |