EZNYX vs. DFABX

Last updated Jun 4, 2026

EZNYX (Eaton Vance New York Municipal Opportunities Fund) and DFABX (DFA Short-Term Selective State Municipal Bond Portfolio) are both Municipal Bonds funds. At a 0.40 correlation, their price movements are largely independent. EZNYX charges 1.56%/yr vs 0.25%/yr for DFABX.

Performance

EZNYX vs. DFABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance New York Municipal Opportunities Fund (EZNYX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EZNYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFABX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.98%
• 6M: 1.10%
• 1Y: 2.66%
• 3Y*: 2.82%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZNYX vs. DFABX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EZNYX Eaton Vance New York Municipal Opportunities Fund	-0.22%	3.63%	1.59%	5.84%	-1.91%
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	0.98%	2.46%	2.90%	2.87%	0.55%

Correlation

The correlation between EZNYX and DFABX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 18, 2022	0.40

Over the past year, the correlation between EZNYX and DFABX has dropped to 0.07 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

EZNYX vs. DFABX — Risk / Return Rank

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

DFABX

DFABX Risk / Return Rank: 100
DFABX Sharpe Ratio Rank: 99
DFABX Sortino Ratio Rank: 100
DFABX Omega Ratio Rank: 100
DFABX Calmar Ratio Rank: 100
DFABX Martin Ratio Rank: 100

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.

EZNYX vs. DFABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance New York Municipal Opportunities Fund (EZNYX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EZNYX	DFABX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.48	—

Drawdowns

Drawdown Indicators

	EZNYX	DFABX	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.60%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.24%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	EZNYX	DFABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.56%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.96%	—

EZNYX vs. DFABX - Expense Ratio Comparison

EZNYX has a 1.56% expense ratio, which is higher than DFABX's 0.25% expense ratio.

Dividends

EZNYX vs. DFABX - Dividend Comparison

EZNYX's dividend yield for the trailing twelve months is around 2.08%, less than DFABX's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFABX DFA Short-Term Selective State Municipal Bond Portfolio	2.63%	2.33%	2.86%	2.52%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EZNYX Eaton Vance New York Municipal Opportunities Fund	2.08%	3.17%	2.58%	1.59%	1.38%	1.45%	1.18%	1.63%	1.75%	1.76%	1.96%	2.00%

Frequently Asked Questions

Can I hold both EZNYX and DFABX in my portfolio?

EZNYX and DFABX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.