PHMIX vs. EWHYX
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006. EWHYX is an actively managed fund by Eaton Vance. It was launched on May 9, 2007.
Performance
PHMIX vs. EWHYX - Performance Comparison
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PHMIX vs. EWHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 0.04% | 5.00% | 5.33% | 8.97% | -13.90% | 0.50% |
EWHYX Eaton Vance High Yield Municipal Income Fund Class W | 0.37% | 3.59% | 5.42% | 7.74% | -11.72% | 0.21% |
Returns By Period
In the year-to-date period, PHMIX achieves a 0.04% return, which is significantly lower than EWHYX's 0.37% return.
PHMIX
- 1D
- 0.36%
- 1M
- -2.00%
- YTD
- 0.04%
- 6M
- 0.99%
- 1Y
- 3.34%
- 3Y*
- 5.46%
- 5Y*
- 1.65%
- 10Y*
- 3.70%
EWHYX
- 1D
- 0.38%
- 1M
- -2.08%
- YTD
- 0.37%
- 6M
- 2.18%
- 1Y
- 3.60%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
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PHMIX vs. EWHYX - Expense Ratio Comparison
PHMIX has a 0.55% expense ratio, which is higher than EWHYX's 0.18% expense ratio.
Return for Risk
PHMIX vs. EWHYX — Risk / Return Rank
PHMIX
EWHYX
PHMIX vs. EWHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) 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.
| PHMIX | EWHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.61 | +0.06 |
Sortino ratioReturn per unit of downside risk | 0.91 | 0.84 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 0.71 | +0.22 |
Martin ratioReturn relative to average drawdown | 2.66 | 1.85 | +0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHMIX | EWHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.61 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.19 | +0.66 |
Correlation
The correlation between PHMIX and EWHYX is 0.91, 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
PHMIX vs. EWHYX - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.58%, less than EWHYX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.58% | 5.91% | 5.33% | 4.71% | 3.39% | 3.84% | 3.62% | 4.38% | 4.41% | 4.22% | 4.12% | 4.46% |
EWHYX Eaton Vance High Yield Municipal Income Fund Class W | 4.73% | 5.06% | 4.92% | 3.97% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHMIX vs. EWHYX - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.54%, which is greater than EWHYX's maximum drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for PHMIX and EWHYX.
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Drawdown Indicators
| PHMIX | EWHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -16.52% | -19.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -6.59% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.96% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -2.43% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -5.55% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.53% | -0.64% |
Volatility
PHMIX vs. EWHYX - Volatility Comparison
PIMCO High Yield Municipal Bond Fund (PHMIX) has a higher volatility of 1.36% compared to Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) at 1.21%. This indicates that PHMIX'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
| PHMIX | EWHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.21% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 2.17% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 6.62% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 5.27% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.27% | -0.59% |