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 6.90%/yr vs 1.90%/yr for ETOHX. At a correlation of -0.03, they often move in opposite directions.
Performance
MFIC vs. ETOHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFIC achieves a -8.26% return, which is significantly lower than ETOHX's 1.58% return. Over the past 10 years, MFIC has outperformed ETOHX with an annualized return of 6.90%, while ETOHX has yielded a comparatively lower 1.90% annualized return.
MFIC
- 1D
- 1.44%
- 1M
- -3.97%
- YTD
- -8.26%
- 6M
- -7.86%
- 1Y
- -8.96%
- 3Y*
- 5.71%
- 5Y*
- 5.11%
- 10Y*
- 6.90%
ETOHX
- 1D
- -0.12%
- 1M
- 1.65%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 6.11%
- 3Y*
- 3.30%
- 5Y*
- 0.68%
- 10Y*
- 1.90%
MFIC vs. ETOHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -8.26% | -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 | 1.58% | 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 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 5, 2004 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.57 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.18 | -2.56 |
| Martin ratioReturn relative to average drawdown | -0.96 | 7.64 | -8.60 |
Loading charts...
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.
Loading charts...
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 | -23.46% | -2.87% | -20.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -6.34% | -20.63% |
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 | -19.82% | -0.34% | -19.48% |
Average DrawdownAverage peak-to-trough decline | -17.52% | -2.44% | -15.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.32% | 0.82% | +8.50% |
Volatility
MFIC vs. ETOHX - Volatility Comparison
MidCap Financial Investment Corporation (MFIC) has a higher volatility of 8.06% compared to Eaton Vance Ohio Municipal Income Fund (ETOHX) at 0.76%. 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.
Loading charts...
Volatility by Period
| MFIC | ETOHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 0.76% | +7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 20.92% | 2.12% | +18.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.01% | 2.70% | +21.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.82% | 3.89% | +18.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.07% | 4.20% | +25.87% |
Dividends
MFIC vs. ETOHX - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 13.97%, more than ETOHX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.44% | 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 | 13.97% | 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 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFIC has higher volatility (8.06%) compared to ETOHX (0.76%). In terms of maximum drawdown, MFIC dropped -87.97% vs ETOHX's -21.71%.
ETOHX currently has the higher Sharpe Ratio (2.32 vs -0.37), 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.
Find the right allocation for MFIC and ETOHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer