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HIMYX vs. EWHYX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

HIMYX vs. EWHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Income Municipal Fund (HIMYX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX). The values are adjusted to include any dividend payments, if applicable.

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HIMYX vs. EWHYX - Yearly Performance Comparison


2026 (YTD)20252024202320222021
HIMYX
Pioneer High Income Municipal Fund
-1.26%-1.50%6.07%3.64%-13.08%1.00%
EWHYX
Eaton Vance High Yield Municipal Income Fund Class W
-0.00%3.59%5.42%7.74%-11.72%0.21%

Returns By Period


HIMYX

1D
0.18%
1M
-3.53%
YTD
-1.26%
6M
-2.54%
1Y
-2.59%
3Y*
1.58%
5Y*
-0.50%
10Y*
2.16%

EWHYX

1D
0.25%
1M
-2.80%
YTD
-0.00%
6M
1.92%
1Y
3.60%
3Y*
4.75%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HIMYX vs. EWHYX - Expense Ratio Comparison

HIMYX has a 0.55% expense ratio, which is higher than EWHYX's 0.18% expense ratio.


Return for Risk

HIMYX vs. EWHYX — Risk / Return Rank

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

HIMYX
HIMYX Risk / Return Rank: 33
Overall Rank
HIMYX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
HIMYX Sortino Ratio Rank: 33
Sortino Ratio Rank
HIMYX Omega Ratio Rank: 22
Omega Ratio Rank
HIMYX Calmar Ratio Rank: 33
Calmar Ratio Rank
HIMYX Martin Ratio Rank: 44
Martin Ratio Rank

EWHYX
EWHYX Risk / Return Rank: 2424
Overall Rank
EWHYX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
EWHYX Sortino Ratio Rank: 2121
Sortino Ratio Rank
EWHYX Omega Ratio Rank: 3535
Omega Ratio Rank
EWHYX Calmar Ratio Rank: 2323
Calmar Ratio Rank
EWHYX Martin Ratio Rank: 1717
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.

HIMYX vs. EWHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Municipal Fund (HIMYX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX). 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.


HIMYXEWHYXDifference

Sharpe ratio

Return per unit of total volatility

-0.24

0.65

-0.89

Sortino ratio

Return per unit of downside risk

-0.30

0.90

-1.20

Omega ratio

Gain probability vs. loss probability

0.95

1.17

-0.23

Calmar ratio

Return relative to maximum drawdown

-0.26

0.71

-0.97

Martin ratio

Return relative to average drawdown

-0.53

1.85

-2.38

HIMYX vs. EWHYX - Sharpe Ratio Comparison

The current HIMYX Sharpe Ratio is -0.24, which is lower than the EWHYX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of HIMYX and EWHYX, 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


HIMYXEWHYXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.24

0.65

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.18

+0.34

Correlation

The correlation between HIMYX and EWHYX is 0.75, 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

HIMYX vs. EWHYX - Dividend Comparison

HIMYX's dividend yield for the trailing twelve months is around 8.27%, more than EWHYX's 4.75% yield.


TTM20252024202320222021202020192018201720162015
HIMYX
Pioneer High Income Municipal Fund
8.27%8.63%5.32%4.97%3.88%3.71%3.96%5.35%5.20%5.00%5.66%5.65%
EWHYX
Eaton Vance High Yield Municipal Income Fund Class W
4.75%5.06%4.92%3.97%4.60%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HIMYX vs. EWHYX - Drawdown Comparison

The maximum HIMYX drawdown since its inception was -35.00%, which is greater than EWHYX's maximum drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for HIMYX and EWHYX.


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Drawdown Indicators


HIMYXEWHYXDifference

Max Drawdown

Largest peak-to-trough decline

-35.00%

-16.52%

-18.48%

Max Drawdown (1Y)

Largest decline over 1 year

-6.96%

-6.59%

-0.37%

Max Drawdown (5Y)

Largest decline over 5 years

-19.32%

Max Drawdown (10Y)

Largest decline over 10 years

-19.32%

Current Drawdown

Current decline from peak

-7.07%

-2.80%

-4.27%

Average Drawdown

Average peak-to-trough decline

-5.66%

-5.55%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

2.52%

+0.97%

Volatility

HIMYX vs. EWHYX - Volatility Comparison

Pioneer High Income Municipal Fund (HIMYX) has a higher volatility of 1.37% compared to Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) at 1.13%. This indicates that HIMYX's price experiences larger fluctuations and is considered to be riskier than EWHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HIMYXEWHYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.37%

1.13%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

4.31%

2.14%

+2.17%

Volatility (1Y)

Calculated over the trailing 1-year period

8.40%

6.63%

+1.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.62%

5.27%

+0.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.04%

5.27%

-0.23%