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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Eaton Vance HighYield Municipa  vs   Eaton Vance HighYield Municipa
 Compare Fundamentals  
Daily Returns (%)
ECHYX   ETHYX   
 
Assuming 30 trading days horizon, Eaton Vance HighYield Municipal Inc C is not expected to generate positive returns. However, Eaton Vance HighYield Municipal Inc C is 1.15 times less risky than Eaton. It waists most of its returns potential to compensate for thr risk taken. Eaton is generating about 0.07 per unit of risk. If you would invest  882  in Eaton Vance HighYield Municipal Inc A on April 21, 2013 and sell it today you would earn a total of  1.00  from holding Eaton Vance HighYield Municipal Inc A or generate 0.11% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Eaton Vance HighYield Municipa and Eaton Vance HighYield Municipa in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.52
Parameters
Time Period1 Month [change]
DirectionPositive ETHYX Moved Up vs ECHYX
StrengthWeak
Accuracy78.95%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
ECHYX   ETHYX   

Eaton Vance HighYield Municipal Inc C

 
    
Eaton
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Eaton Vance HighYield Municipal Inc C has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match ups for Eaton

Franklin High Yield TaxFree Inc A vs. Eaton Vance HighYield Municipal Inc C
Franklin High Yield TaxFree Inc Adv vs. Eaton Vance HighYield Municipal Inc C
Franklin High Yield TaxFree Inc C vs. Eaton Vance HighYield Municipal Inc C
Franklin High Yield TaxFree Inc B vs. Eaton Vance HighYield Municipal Inc C
Nuveen High Yield Municipal Bond A vs. Eaton Vance HighYield Municipal Inc C
Nuveen High Yield Municipal Bond B vs. Eaton Vance HighYield Municipal Inc C
Nuveen High Yield Municipal Bond I vs. Eaton Vance HighYield Municipal Inc C
Nuveen High Yield Municipal Bond C vs. Eaton Vance HighYield Municipal Inc C
Invesco High Yield Muni C vs. Eaton Vance HighYield Municipal Inc C
Invesco High Yield Muni A vs. Eaton Vance HighYield Municipal Inc C
  

Eaton Vance HighYield Municipal Inc A

 
    
Eaton
Performance
2
Out Of
100
Over 30
Days
98% of all equities and portfolios perform better than Eaton Vance HighYield Municipal Inc A. Compared with the overall equity markets, risk-adjusted returns on investments in Eaton Vance HighYield Municipal Inc A are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Eaton

Franklin High Yield TaxFree Inc A vs. Eaton Vance HighYield Municipal Inc A
Franklin High Yield TaxFree Inc Adv vs. Eaton Vance HighYield Municipal Inc A
Franklin High Yield TaxFree Inc C vs. Eaton Vance HighYield Municipal Inc A
Franklin High Yield TaxFree Inc B vs. Eaton Vance HighYield Municipal Inc A
Nuveen High Yield Municipal Bond A vs. Eaton Vance HighYield Municipal Inc A
Nuveen High Yield Municipal Bond B vs. Eaton Vance HighYield Municipal Inc A
Nuveen High Yield Municipal Bond I vs. Eaton Vance HighYield Municipal Inc A
Nuveen High Yield Municipal Bond C vs. Eaton Vance HighYield Municipal Inc A
Invesco High Yield Muni C vs. Eaton Vance HighYield Municipal Inc A
Invesco High Yield Muni A vs. Eaton Vance HighYield Municipal Inc A


 
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