TMNIX vs. ETHYX
Compare and contrast key facts about Counterpoint Tactical Municipal Fund (TMNIX) and Eaton Vance High Yield Municipal Income Fund (ETHYX).
TMNIX is managed by Counterpoint Mutual Funds. It was launched on Jun 10, 2018. ETHYX is managed by Eaton Vance. It was launched on Aug 6, 1995.
Performance
TMNIX vs. ETHYX - Performance Comparison
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TMNIX vs. ETHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TMNIX Counterpoint Tactical Municipal Fund | -0.24% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
ETHYX Eaton Vance High Yield Municipal Income Fund | -0.24% | 3.97% | 5.17% | 6.93% | -12.25% | 3.87% | 3.90% | 10.07% | 1.22% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with TMNIX at -0.24% and ETHYX at -0.24%.
TMNIX
- 1D
- 0.03%
- 1M
- -2.18%
- YTD
- -0.24%
- 6M
- 0.90%
- 1Y
- 3.88%
- 3Y*
- 3.41%
- 5Y*
- 2.37%
- 10Y*
- —
ETHYX
- 1D
- 0.25%
- 1M
- -2.80%
- YTD
- -0.24%
- 6M
- 1.62%
- 1Y
- 3.31%
- 3Y*
- 4.51%
- 5Y*
- 1.11%
- 10Y*
- 2.82%
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TMNIX vs. ETHYX - Expense Ratio Comparison
TMNIX has a 1.00% expense ratio, which is higher than ETHYX's 0.73% expense ratio.
Return for Risk
TMNIX vs. ETHYX — Risk / Return Rank
TMNIX
ETHYX
TMNIX vs. ETHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Municipal Fund (TMNIX) and Eaton Vance High Yield Municipal Income Fund (ETHYX). 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.
| TMNIX | ETHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.65 | +1.06 |
Sortino ratioReturn per unit of downside risk | 2.55 | 0.90 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.18 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.71 | +1.11 |
Martin ratioReturn relative to average drawdown | 6.57 | 1.96 | +4.61 |
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
| TMNIX | ETHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.65 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.23 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.98 | +0.37 |
Correlation
The correlation between TMNIX and ETHYX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TMNIX vs. ETHYX - Dividend Comparison
TMNIX's dividend yield for the trailing twelve months is around 3.07%, less than ETHYX's 4.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMNIX Counterpoint Tactical Municipal Fund | 3.07% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% | 0.00% | 0.00% |
ETHYX Eaton Vance High Yield Municipal Income Fund | 4.47% | 5.43% | 4.56% | 3.36% | 3.85% | 3.04% | 3.41% | 4.66% | 3.82% | 3.74% | 4.04% | 4.10% |
Drawdowns
TMNIX vs. ETHYX - Drawdown Comparison
The maximum TMNIX drawdown since its inception was -4.63%, smaller than the maximum ETHYX drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for TMNIX and ETHYX.
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Drawdown Indicators
| TMNIX | ETHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.63% | -43.98% | +39.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -6.60% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -4.63% | -17.10% | +12.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.10% | — |
Current DrawdownCurrent decline from peak | -2.18% | -2.80% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -3.99% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.40% | -1.79% |
Volatility
TMNIX vs. ETHYX - Volatility Comparison
The current volatility for Counterpoint Tactical Municipal Fund (TMNIX) is 1.10%, while Eaton Vance High Yield Municipal Income Fund (ETHYX) has a volatility of 1.28%. This indicates that TMNIX experiences smaller price fluctuations and is considered to be less risky than ETHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMNIX | ETHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.28% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 2.19% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 6.69% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 4.97% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.68% | 4.66% | -1.98% |