MFIC vs. ETOHX
MFIC (MidCap Financial Investment Corporation) is a stock, while ETOHX (Eaton Vance Ohio Municipal Income Fund) is Municipal Bonds fund managed by Eaton Vance. Over the past 10 years, MFIC returned 6.24%/yr vs 1.77%/yr for ETOHX. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
MFIC vs. ETOHX - Performance Comparison
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Returns By Period
In the year-to-date period, MFIC achieves a -11.23% return, which is significantly lower than ETOHX's 0.40% return. Over the past 10 years, MFIC has outperformed ETOHX with an annualized return of 6.24%, while ETOHX has yielded a comparatively lower 1.77% annualized return.
MFIC
- 1D
- -1.04%
- 1M
- -4.21%
- 6M
- -9.25%
- YTD
- -11.23%
- 1Y
- -12.55%
- 3Y*
- 0.10%
- 5Y*
- 4.75%
- 10Y*
- 6.24%
- ALL TIME*
- 5.10%
ETOHX
- 1D
- -0.12%
- 1M
- -1.69%
- 6M
- -0.14%
- YTD
- 0.40%
- 1Y
- 4.78%
- 3Y*
- 2.77%
- 5Y*
- 0.28%
- 10Y*
- 1.77%
- ALL TIME*
- 3.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.98M | $4.18M | $5.98M |
MFIC vs. ETOHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -11.23% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
ETOHX Eaton Vance Ohio Municipal Income Fund | 0.40% | 4.00% | 1.45% | 4.85% | -8.30% | 0.94% | 5.43% | 8.09% | 0.88% | 4.54% |
Correlation
The correlation between MFIC and ETOHX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 5, 2004 | -0.02 |
The correlation between MFIC and ETOHX shifts across timeframes, from -0.02 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MFIC vs. ETOHX — Risk / Return Rank
MFIC
ETOHX
MFIC vs. ETOHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and Eaton Vance Ohio Municipal Income Fund (ETOHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MFIC | ETOHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.48 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.91 | -2.55 |
| Martin ratioReturn relative to average drawdown | -1.39 | 6.56 | -7.94 |
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Drawdowns
MFIC vs. ETOHX - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than ETOHX's maximum drawdown of -21.71%. Use the drawdown chart below to compare losses from any high point for MFIC and ETOHX.
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Drawdown Indicators
| MFIC | ETOHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -21.71% | -66.26% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -2.87% | -19.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -5.32% | -21.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -13.00% | -13.97% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -13.00% | -54.77% |
Current DrawdownCurrent decline from peak | -22.42% | -1.69% | -20.73% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -2.43% | -15.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.30% | 0.84% | +9.46% |
Volatility
MFIC vs. ETOHX - Volatility Comparison
MidCap Financial Investment Corporation (MFIC) has a higher volatility of 6.14% compared to Eaton Vance Ohio Municipal Income Fund (ETOHX) at 0.91%. This indicates that MFIC's price experiences larger fluctuations and is considered to be riskier than ETOHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFIC | ETOHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 0.91% | +5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 20.31% | 2.29% | +18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.41% | 2.78% | +21.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 3.91% | +18.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.03% | 4.20% | +25.83% |
Dividends
MFIC vs. ETOHX - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 14.44%, more than ETOHX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.21% | 4.24% | 3.62% | 2.42% | 2.81% | 2.56% | 2.77% | 3.40% | 3.11% | 3.42% | 3.58% | 3.73% |
MFIC MidCap Financial Investment Corporation | 14.44% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
Frequently Asked Questions
MFIC and ETOHX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFIC has higher volatility (6.14%) compared to ETOHX (0.91%). In terms of maximum drawdown, MFIC dropped -87.97% vs ETOHX's -21.71%.
ETOHX currently has the higher Sharpe Ratio (1.98 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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