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EZMAX vs. EHSTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

EZMAX vs. EHSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Municipal Opportunities Fund (EZMAX) and Eaton Vance Large-Cap Value Fund (EHSTX). The values are adjusted to include any dividend payments, if applicable.

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EZMAX vs. EHSTX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EZMAX
Eaton Vance Short Duration Municipal Opportunities Fund
-0.58%4.72%3.26%3.09%-5.73%1.01%1.33%3.99%1.41%3.88%
EHSTX
Eaton Vance Large-Cap Value Fund
-1.54%12.11%11.25%7.93%-2.80%24.25%2.29%30.84%-6.96%14.79%

Returns By Period

In the year-to-date period, EZMAX achieves a -0.58% return, which is significantly higher than EHSTX's -1.54% return. Over the past 10 years, EZMAX has underperformed EHSTX with an annualized return of 1.39%, while EHSTX has yielded a comparatively higher 9.60% annualized return.


EZMAX

1D
0.11%
1M
-2.16%
YTD
-0.58%
6M
0.60%
1Y
3.46%
3Y*
3.07%
5Y*
0.97%
10Y*
1.39%

EHSTX

1D
-0.45%
1M
-8.06%
YTD
-1.54%
6M
2.60%
1Y
9.16%
3Y*
10.32%
5Y*
7.60%
10Y*
9.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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EZMAX vs. EHSTX - Expense Ratio Comparison

EZMAX has a 1.41% expense ratio, which is higher than EHSTX's 1.01% expense ratio.


Return for Risk

EZMAX vs. EHSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZMAX
EZMAX Risk / Return Rank: 7171
Overall Rank
EZMAX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
EZMAX Sortino Ratio Rank: 7171
Sortino Ratio Rank
EZMAX Omega Ratio Rank: 8989
Omega Ratio Rank
EZMAX Calmar Ratio Rank: 6161
Calmar Ratio Rank
EZMAX Martin Ratio Rank: 5959
Martin Ratio Rank

EHSTX
EHSTX Risk / Return Rank: 2828
Overall Rank
EHSTX Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
EHSTX Sortino Ratio Rank: 2727
Sortino Ratio Rank
EHSTX Omega Ratio Rank: 2828
Omega Ratio Rank
EHSTX Calmar Ratio Rank: 2626
Calmar Ratio Rank
EHSTX Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZMAX vs. EHSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Municipal Opportunities Fund (EZMAX) and Eaton Vance Large-Cap Value Fund (EHSTX). 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.


EZMAXEHSTXDifference

Sharpe ratio

Return per unit of total volatility

1.31

0.65

+0.66

Sortino ratio

Return per unit of downside risk

1.76

0.99

+0.77

Omega ratio

Gain probability vs. loss probability

1.39

1.14

+0.24

Calmar ratio

Return relative to maximum drawdown

1.41

0.75

+0.66

Martin ratio

Return relative to average drawdown

5.63

3.13

+2.49

EZMAX vs. EHSTX - Sharpe Ratio Comparison

The current EZMAX Sharpe Ratio is 1.31, which is higher than the EHSTX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of EZMAX and EHSTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


EZMAXEHSTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

0.65

+0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.52

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.56

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.51

+0.35

Correlation

The correlation between EZMAX and EHSTX is -0.00. 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

EZMAX vs. EHSTX - Dividend Comparison

EZMAX's dividend yield for the trailing twelve months is around 2.33%, less than EHSTX's 6.18% yield.


TTM20252024202320222021202020192018201720162015
EZMAX
Eaton Vance Short Duration Municipal Opportunities Fund
2.33%2.88%2.46%1.62%0.92%0.39%0.90%1.52%1.51%1.36%1.83%1.87%
EHSTX
Eaton Vance Large-Cap Value Fund
6.18%6.12%4.03%2.93%4.25%7.32%1.94%2.76%10.94%5.88%1.33%11.02%

Drawdowns

EZMAX vs. EHSTX - Drawdown Comparison

The maximum EZMAX drawdown since its inception was -9.90%, smaller than the maximum EHSTX drawdown of -53.47%. Use the drawdown chart below to compare losses from any high point for EZMAX and EHSTX.


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Drawdown Indicators


EZMAXEHSTXDifference

Max Drawdown

Largest peak-to-trough decline

-9.90%

-53.47%

+43.57%

Max Drawdown (1Y)

Largest decline over 1 year

-2.96%

-11.79%

+8.83%

Max Drawdown (5Y)

Largest decline over 5 years

-8.34%

-16.44%

+8.10%

Max Drawdown (10Y)

Largest decline over 10 years

-8.34%

-39.30%

+30.96%

Current Drawdown

Current decline from peak

-2.16%

-8.29%

+6.13%

Average Drawdown

Average peak-to-trough decline

-1.64%

-7.43%

+5.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.74%

2.83%

-2.09%

Volatility

EZMAX vs. EHSTX - Volatility Comparison

The current volatility for Eaton Vance Short Duration Municipal Opportunities Fund (EZMAX) is 0.80%, while Eaton Vance Large-Cap Value Fund (EHSTX) has a volatility of 3.86%. This indicates that EZMAX experiences smaller price fluctuations and is considered to be less risky than EHSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


EZMAXEHSTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.80%

3.86%

-3.06%

Volatility (6M)

Calculated over the trailing 6-month period

1.25%

8.33%

-7.08%

Volatility (1Y)

Calculated over the trailing 1-year period

3.04%

15.69%

-12.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.14%

14.68%

-12.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.24%

17.26%

-15.02%