CEV vs SPXN

Comparison between Eaton Vance California Municipal Income Trust (CEV, ETF) and PROSHARES S&P 500 EX-FINANCIALS ETF (SPXN, ETF).

5-Year PerformanceSPXN has outperformed CEV, delivering a return of +13.5% compared to -0.9%

CEV vs SPXN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEV(ETF)	SPXN(ETF)
Net Assets	$78M	$77M
Expense Ratio	N/A	0.09%
Max Drawdown	61.83%	32.10%
Sharpe Ratio	1.06	1.30
5Y Beta	0.12	1.01
P/E Ratio	N/A	31.41
Forward P/E	N/A	21.85
5Y Dividends CAGR	1.20%	10.15%
5Y EPS CAGR	N/A	28.14%
Debt to Equity	N/A	26.31%
P/S Ratio	N/A	3.72
P/B Ratio	N/A	7.05

Net Assets

Winner

CEV

$78M

SPXN

$77M

Expense Ratio

CEV

N/A

SPXN

0.09%

Max Drawdown

CEV

61.83%

Winner

SPXN

32.10%

Sharpe Ratio

CEV

1.06

Winner

SPXN

1.30

5Y Beta

Winner

CEV

0.12

SPXN

1.01

P/E Ratio

CEV

N/A

SPXN

31.41

Forward P/E

CEV

N/A

SPXN

21.85

5Y Dividends CAGR

CEV

1.20%

Winner

SPXN

10.15%

5Y EPS CAGR

CEV

N/A

SPXN

28.14%

Debt to Equity

CEV

N/A

SPXN

26.31%

P/S Ratio

CEV

N/A

SPXN

3.72

P/B Ratio

CEV

N/A

SPXN

7.05

CEV vs SPXN - Historical Returns

Returns include dividend reinvestment.

Period	CEV	SPXN
1 month	+0.47%	-0.06%
3 months	+1.84%	+6.46%
6 months	+5.15%	+10.34%
1 year	+14.60%	+22.47%
5 years(CAGR)	-0.93%	+13.55%
10 years(CAGR)	+1.51%	+15.32%
Max(CAGR)	+5.12%	+15.67%

Winner

CEV

+0.47%

SPXN

-0.06%

CEV

+1.84%

Winner

SPXN

+6.46%

CEV

+5.15%

Winner

SPXN

+10.34%

CEV

+14.60%

Winner

SPXN

+22.47%

5Y(CAGR)

CEV

-0.93%

Winner

SPXN

+13.55%

10Y(CAGR)

CEV

+1.51%

Winner

SPXN

+15.32%

Max(CAGR)

CEV

+5.12%

Winner

SPXN

+15.67%

CEV vs SPXN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CEV	SPXN
2026	+6.41%	+11.19%
2025	+5.19%	+18.96%
2024	+1.93%	+25.34%
2023	+8.06%	+29.18%
2022	-24.31%	-19.22%
2021	+2.98%	+28.89%
2020	+6.21%	+21.06%
2019	+25.02%	+30.83%
2018	-4.89%	-3.87%
2017	+2.64%	+20.84%
2016	-3.39%	+9.38%
2015	+7.78%	+8.82%
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 SPXN Drawdown Comparison

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

The maximum drawdown for SPXN was -32.10%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

The current CEV drawdown is -8.19%. The current SPXN drawdown is -2.67%.

Rank	CEV	SPXN
#1	-58.45% May 21, 2007 - Jun 2, 2010	-32.10% Feb 19, 2020 - Jul 20, 2020
#2	-32.99% Nov 12, 2021 - Oct 31, 2022	-24.46% Dec 29, 2021 - Dec 8, 2023
#3	-26.49% Feb 12, 2013 - Jan 29, 2015	-19.56% Feb 19, 2025 - Jun 26, 2025
#4	-25.93% Feb 19, 2020 - Jul 31, 2020	-18.59% Sep 26, 2018 - Apr 1, 2019
#5	-19.14% Apr 6, 2016 - Aug 2, 2019	-11.83% Dec 22, 2015 - May 11, 2016
#6	-18.74% Sep 7, 2010 - Aug 22, 2011	-9.77% Sep 2, 2020 - Nov 16, 2020
#7	-14.62% Nov 9, 1999 - Apr 12, 2000	-9.26% Jan 28, 2026 - Apr 14, 2026
#8	-14.25% Apr 13, 2000 - Aug 21, 2000	-9.22% Jul 16, 2024 - Sep 19, 2024
#9	-13.63% Mar 17, 2004 - Sep 14, 2004	-7.06% Apr 30, 2019 - Jun 20, 2019
#10	-12.41% Jul 2, 2003 - Dec 19, 2003	-6.25% Mar 9, 2018 - Jun 4, 2018
#11	-11.73% Oct 8, 2002 - May 14, 2003	-5.94% Jul 26, 2019 - Oct 25, 2019
#12	-11.55% Feb 14, 2005 - Mar 1, 2006	-5.72% Sep 3, 2021 - Oct 26, 2021
#13	-11.18% May 11, 2006 - Dec 1, 2006	-5.56% Oct 29, 2025 - Jan 9, 2026
#14	-10.25% Nov 12, 2001 - Feb 6, 2002	-5.50% Mar 28, 2024 - May 14, 2024
#15	-9.96% Feb 7, 2001 - Aug 1, 2001	-5.33% Feb 12, 2021 - Mar 29, 2021

Correlation

Correlation between CEV and SPXN is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53

-101

Dividend Comparison (1999 - 2026)

CEV vs SPXN dividend yield comparison.

Year	CEV	SPXN
2026	3.38%	0.43%
2025	5.98%	0.98%
2024	5.58%	1.12%
2023	4.14%	1.19%
2022	5.24%	1.35%
2021	4.17%	0.94%
2020	4.00%	1.09%
2019	3.95%	1.41%
2018	4.25%	1.76%
2017	4.01%	1.54%
2016	4.81%	2.60%
2015	5.46%	0.52%
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%