RTHAX vs. EWHYX
Compare and contrast key facts about Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX).
RTHAX is managed by Russell. It was launched on May 31, 2015. EWHYX is an actively managed fund by Eaton Vance. It was launched on May 9, 2007.
Performance
RTHAX vs. EWHYX - Performance Comparison
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RTHAX vs. EWHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | -0.36% | 2.11% | 4.49% | 7.78% | -13.62% | 0.54% |
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
RTHAX
- 1D
- 0.21%
- 1M
- -2.54%
- YTD
- -0.36%
- 6M
- 1.02%
- 1Y
- 1.76%
- 3Y*
- 3.63%
- 5Y*
- 0.53%
- 10Y*
- 2.84%
EWHYX
- 1D
- 0.25%
- 1M
- -2.80%
- YTD
- -0.00%
- 6M
- 1.92%
- 1Y
- 3.60%
- 3Y*
- 4.75%
- 5Y*
- —
- 10Y*
- —
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RTHAX vs. EWHYX - Expense Ratio Comparison
RTHAX has a 0.89% expense ratio, which is higher than EWHYX's 0.18% expense ratio.
Return for Risk
RTHAX vs. EWHYX — Risk / Return Rank
RTHAX
EWHYX
RTHAX vs. EWHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) 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.
| RTHAX | EWHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.65 | -0.35 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.90 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.71 | -0.36 |
Martin ratioReturn relative to average drawdown | 0.92 | 1.85 | -0.93 |
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
| RTHAX | EWHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.65 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.18 | +0.44 |
Correlation
The correlation between RTHAX and EWHYX is 0.84, 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
RTHAX vs. EWHYX - Dividend Comparison
RTHAX's dividend yield for the trailing twelve months is around 4.27%, less than EWHYX's 4.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RTHAX Russell Investments Tax-Exempt High Yield Bond Fund | 4.27% | 3.60% | 4.02% | 3.97% | 3.64% | 2.80% | 3.10% | 3.83% | 3.86% | 3.44% | 4.06% |
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% |
Drawdowns
RTHAX vs. EWHYX - Drawdown Comparison
The maximum RTHAX drawdown since its inception was -18.89%, which is greater than EWHYX's maximum drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for RTHAX and EWHYX.
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Drawdown Indicators
| RTHAX | EWHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -16.52% | -2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.59% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.89% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -2.80% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -5.55% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.52% | -0.03% |
Volatility
RTHAX vs. EWHYX - Volatility Comparison
Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) and Eaton Vance High Yield Municipal Income Fund Class W (EWHYX) have volatilities of 1.14% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTHAX | EWHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.13% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 2.14% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.87% | 6.63% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.27% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 5.27% | -0.31% |