EXFLX vs. EIMAX
Compare and contrast key facts about Eaton Vance National Ultra-Short Municipal Income Fund (EXFLX) and Eaton Vance Massachusetts Municipal Income Fund (EIMAX).
EXFLX is managed by Eaton Vance. It was launched on Jun 26, 1996. EIMAX is managed by Eaton Vance. It was launched on Jun 16, 1993.
Performance
EXFLX vs. EIMAX - Performance Comparison
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EXFLX vs. EIMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXFLX Eaton Vance National Ultra-Short Municipal Income Fund | 0.31% | 3.84% | 3.47% | 2.73% | -0.01% | 0.43% | 0.01% | 1.89% | 1.48% | 1.10% |
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, EXFLX achieves a 0.31% return, which is significantly higher than EIMAX's -0.70% return. Over the past 10 years, EXFLX has outperformed EIMAX with an annualized return of 1.56%, while EIMAX has yielded a comparatively lower 1.47% annualized return.
EXFLX
- 1D
- 0.00%
- 1M
- -0.41%
- YTD
- 0.31%
- 6M
- 0.89%
- 1Y
- 2.76%
- 3Y*
- 3.19%
- 5Y*
- 2.08%
- 10Y*
- 1.56%
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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EXFLX vs. EIMAX - Expense Ratio Comparison
EXFLX has a 0.50% expense ratio, which is higher than EIMAX's 0.48% expense ratio.
Return for Risk
EXFLX vs. EIMAX — Risk / Return Rank
EXFLX
EIMAX
EXFLX vs. EIMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance National Ultra-Short Municipal Income Fund (EXFLX) 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.
| EXFLX | EIMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.64 | 0.79 | +1.85 |
Sortino ratioReturn per unit of downside risk | 6.06 | 1.10 | +4.96 |
Omega ratioGain probability vs. loss probability | 2.71 | 1.24 | +1.48 |
Calmar ratioReturn relative to maximum drawdown | 4.72 | 0.87 | +3.85 |
Martin ratioReturn relative to average drawdown | 21.69 | 3.04 | +18.65 |
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
| EXFLX | EIMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 0.79 | +1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.97 | 0.03 | +1.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.70 | 0.35 | +1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.56 | +0.35 |
Correlation
The correlation between EXFLX and EIMAX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EXFLX vs. EIMAX - Dividend Comparison
EXFLX's dividend yield for the trailing twelve months is around 2.82%, less than EIMAX's 3.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXFLX Eaton Vance National Ultra-Short Municipal Income Fund | 2.82% | 3.66% | 3.51% | 2.48% | 1.12% | 0.02% | 0.52% | 1.67% | 1.37% | 0.79% | 0.70% | 0.49% |
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
EXFLX vs. EIMAX - Drawdown Comparison
The maximum EXFLX drawdown since its inception was -10.11%, smaller than the maximum EIMAX drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for EXFLX and EIMAX.
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Drawdown Indicators
| EXFLX | EIMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.11% | -29.25% | +19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -5.62% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -0.91% | -14.67% | +13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -1.89% | -14.67% | +12.78% |
Current DrawdownCurrent decline from peak | -0.41% | -2.65% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -3.92% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 1.61% | -1.45% |
Volatility
EXFLX vs. EIMAX - Volatility Comparison
The current volatility for Eaton Vance National Ultra-Short Municipal Income Fund (EXFLX) is 0.19%, while Eaton Vance Massachusetts Municipal Income Fund (EIMAX) has a volatility of 1.03%. This indicates that EXFLX experiences smaller price fluctuations and is considered to be less risky 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
| EXFLX | EIMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 1.03% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 1.69% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.29% | 5.75% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 4.34% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 4.19% | -3.27% |