CEV vs PBL

Comparison between Eaton Vance California Municipal Income Trust (CEV, ETF) and PGIM PORTFOLIO BALLAST ETF (PBL, ETF).

CEV vs PBL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEV(ETF)	PBL(ETF)
Net Assets	$78M	$78M
Expense Ratio	N/A	0.45%
Max Drawdown	61.83%	17.27%
Sharpe Ratio	0.94	1.42
5Y Beta	0.13	0.60
5Y Dividends CAGR	1.20%	N/A

Net Assets

CEV

$78M

PBL

$78M

Expense Ratio

CEV

N/A

PBL

0.45%

Max Drawdown

CEV

61.83%

Winner

PBL

17.27%

Sharpe Ratio

CEV

0.94

Winner

PBL

1.42

5Y Beta

Winner

CEV

0.13

PBL

0.60

5Y Dividends CAGR

CEV

1.20%

PBL

N/A

CEV vs PBL - Historical Returns

Returns include dividend reinvestment.

Period	CEV	PBL
1 month	+0.29%	+1.73%
3 months	-1.81%	+6.44%
6 months	+1.21%	+6.64%
1 year	+12.83%	+17.94%
5 years(CAGR)	-0.67%	N/A
10 years(CAGR)	+1.50%	N/A
Max(CAGR)	+5.06%	+13.16%

CEV

+0.29%

Winner

PBL

+1.73%

CEV

-1.81%

Winner

PBL

+6.44%

CEV

+1.21%

Winner

PBL

+6.64%

CEV

+12.83%

Winner

PBL

+17.94%

5Y(CAGR)

CEV

-0.67%

PBL

N/A

10Y(CAGR)

CEV

+1.50%

PBL

N/A

Max(CAGR)

CEV

+5.06%

Winner

PBL

+13.16%

CEV vs PBL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CEV	PBL
2026	+4.27%	+6.28%
2025	+5.19%	+12.58%
2024	+1.93%	+17.42%
2023	+8.06%	+14.10%
2022	-24.31%	-3.52%
2021	+2.98%	N/A
2020	+6.21%	N/A
2019	+25.02%	N/A
2018	-4.89%	N/A
2017	+2.64%	N/A
2016	-3.39%	N/A
2015	+7.78%	N/A
2014	+22.63%	N/A
2013	-17.98%	N/A
2012	+16.53%	N/A
2011	+23.43%	N/A
2010	+4.71%	N/A
2009	+60.06%	N/A
2008	-39.27%	N/A
2007	-7.13%	N/A
2006	+12.80%	N/A
2005	-2.30%	N/A
2004	+7.28%	N/A
2003	+15.22%	N/A
2002	+5.14%	N/A
2001	+21.58%	N/A
2000	+13.59%	N/A
1999	-7.78%	N/A

CEV vs PBL Drawdown Comparison

The maximum drawdown for CEV was -58.45%, occurring on Dec 16, 2008. Recovery took 764 trading sessions.

The maximum drawdown for PBL was -11.62%, occurring on Apr 8, 2025. Recovery took 136 trading sessions.

The current CEV drawdown is -10.03%. The current PBL drawdown is -1.74%.

Rank	CEV	PBL
#1	-58.45% May 21, 2007 - Jun 2, 2010	-11.62% Dec 6, 2024 - Jun 26, 2025
#2	-32.99% Nov 12, 2021 - Oct 31, 2022	-7.88% Aug 1, 2023 - Dec 12, 2023
#3	-26.49% Feb 12, 2013 - Jan 29, 2015	-5.82% Jan 28, 2026 - Apr 15, 2026
#4	-25.93% Feb 19, 2020 - Jul 31, 2020	-5.70% Jul 16, 2024 - Sep 19, 2024
#5	-19.14% Apr 6, 2016 - Aug 2, 2019	-4.95% Feb 2, 2023 - May 22, 2023
#6	-18.74% Sep 7, 2010 - Aug 22, 2011	-4.22% Mar 28, 2024 - May 15, 2024
#7	-14.62% Nov 9, 1999 - Apr 12, 2000	-4.18% Dec 14, 2022 - Feb 1, 2023
#8	-14.25% Apr 13, 2000 - Aug 21, 2000	-3.95% Oct 28, 2025 - Dec 24, 2025
#9	-13.63% Mar 17, 2004 - Sep 14, 2004	-2.29% May 14, 2026 - May 28, 2026
#10	-12.41% Jul 2, 2003 - Dec 19, 2003	-2.27% Oct 7, 2025 - Oct 23, 2025
#11	-11.73% Oct 8, 2002 - May 14, 2003	-2.22% Oct 18, 2024 - Nov 6, 2024
#12	-11.55% Feb 14, 2005 - Mar 1, 2006	-1.89% Jan 12, 2026 - Jan 27, 2026
#13	-11.18% May 11, 2006 - Dec 1, 2006	-1.74% Jun 4, 2026 - Jun 5, 2026
#14	-10.25% Nov 12, 2001 - Feb 6, 2002	-1.68% Feb 12, 2024 - Feb 22, 2024
#15	-9.96% Feb 7, 2001 - Aug 1, 2001	-1.59% Dec 27, 2023 - Jan 19, 2024

Correlation

Correlation between CEV and PBL is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

CEV vs PBL dividend yield comparison.

Year	CEV	PBL
2026	2.44%	0.00%
2025	5.98%	2.21%
2024	5.58%	6.89%
2023	4.14%	7.92%
2022	5.24%	0.16%
2021	4.17%	0.00%
2020	4.00%	0.00%
2019	3.95%	0.00%
2018	4.25%	0.00%
2017	4.01%	0.00%
2016	4.81%	0.00%
2015	5.46%	0.00%
2014	5.75%	0.00%
2013	7.07%	0.00%
2012	5.84%	0.00%
2011	6.78%	0.00%
2010	7.57%	0.00%
2009	6.69%	0.00%
2008	8.81%	0.00%
2007	5.06%	0.00%
2006	4.87%	0.00%
2005	6.29%	0.00%
2004	6.81%	0.00%
2003	6.34%	0.00%
2002	6.71%	0.00%
2001	5.33%	0.00%
2000	5.99%	0.00%
1999	1.16%	0.00%