VOHIX vs. ETOHX
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Eaton Vance Ohio Municipal Income Fund (ETOHX).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. ETOHX is managed by Eaton Vance. It was launched on Dec 6, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOHIX or ETOHX.
Key characteristics
| VOHIX | ETOHX | |
|---|---|---|
| YTD Return | 3.09% | 2.20% |
| 1Y Return | 9.94% | 7.47% |
| 3Y Return (Ann) | -0.49% | -0.38% |
| 5Y Return (Ann) | 1.65% | 1.20% |
| 10Y Return (Ann) | 3.00% | 2.37% |
| Sharpe Ratio | 2.07 | 1.92 |
| Daily Std Dev | 4.71% | 3.83% |
| Max Drawdown | -16.81% | -21.71% |
| Current Drawdown | -1.99% | -1.68% |
Correlation
The correlation between VOHIX and ETOHX is 0.86, 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.
Performance
VOHIX vs. ETOHX - Performance Comparison
In the year-to-date period, VOHIX achieves a 3.09% return, which is significantly higher than ETOHX's 2.20% return. Over the past 10 years, VOHIX has outperformed ETOHX with an annualized return of 3.00%, while ETOHX has yielded a comparatively lower 2.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VOHIX vs. ETOHX - Expense Ratio Comparison
VOHIX has a 0.13% expense ratio, which is lower than ETOHX's 0.70% expense ratio.
Risk-Adjusted Performance
VOHIX vs. ETOHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) 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.
Dividends
VOHIX vs. ETOHX - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.19%, more than ETOHX's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.19% | 3.06% | 2.73% | 3.20% | 3.39% | 3.70% | 3.51% | 3.70% | 3.75% | 3.84% | 4.03% | 4.26% |
ETOHX Eaton Vance Ohio Municipal Income Fund | 3.14% | 2.91% | 2.81% | 2.56% | 2.77% | 2.92% | 3.12% | 3.42% | 3.60% | 3.75% | 3.93% | 4.11% |
Drawdowns
VOHIX vs. ETOHX - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -16.81%, smaller than the maximum ETOHX drawdown of -21.71%. Use the drawdown chart below to compare losses from any high point for VOHIX and ETOHX. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. ETOHX - Volatility Comparison
Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Eaton Vance Ohio Municipal Income Fund (ETOHX) have volatilities of 0.48% and 0.46%, 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.