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CEV vs SPY

Comparison between Eaton Vance California Municipal Income Trust (CEV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed CEV, delivering a return of +13.3% compared to -0.7%

CEV vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
CEV
$78M
Winner
SPY
$735B
Expense Ratio
CEV
N/A
SPY
0.09%
Max Drawdown
CEV
61.83%
Winner
SPY
56.47%
Sharpe Ratio
CEV
0.94
Winner
SPY
1.62
5Y Beta
Winner
CEV
0.13
SPY
1.00
P/E Ratio
CEV
N/A
SPY
28.99
Forward P/E
CEV
N/A
SPY
22.37
5Y Dividends CAGR
CEV
1.20%
Winner
SPY
5.43%
5Y EPS CAGR
CEV
N/A
SPY
26.05%
Debt to Equity
CEV
N/A
SPY
32.40%
P/S Ratio
CEV
N/A
SPY
3.74
P/B Ratio
CEV
N/A
SPY
5.61

CEV vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
CEV
+0.29%
Winner
SPY
+1.90%
3M
CEV
-1.81%
Winner
SPY
+8.55%
6M
CEV
+1.21%
Winner
SPY
+8.18%
1Y
CEV
+12.83%
Winner
SPY
+25.79%
5Y(CAGR)
CEV
-0.67%
Winner
SPY
+13.32%
10Y(CAGR)
CEV
+1.50%
Winner
SPY
+15.19%
Max(CAGR)
CEV
+5.06%
Winner
SPY
+8.47%

CEV vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearCEVSPY
2026+4.27%+8.26%
2025+5.19%+18.00%
2024+1.93%+25.59%
2023+8.06%+26.72%
2022-24.31%-18.64%
2021+2.98%+30.52%
2020+6.21%+17.28%
2019+25.02%+31.09%
2018-4.89%-5.24%
2017+2.64%+20.78%
2016-3.39%+13.59%
2015+7.78%+1.31%
2014+22.63%+14.56%
2013-17.98%+29.00%
2012+16.53%+14.17%
2011+23.43%+0.85%
2010+4.71%+13.14%
2009+60.06%+22.67%
2008-39.27%-36.25%
2007-7.13%+5.32%
2006+12.80%+13.85%
2005-2.30%+5.32%
2004+7.28%+10.75%
2003+15.22%+24.18%
2002+5.14%-22.42%
2001+21.58%-10.13%
2000+13.59%-8.84%
1999-7.78%+8.61%

CEV vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CEV drawdown is -10.03%. The current SPY drawdown is -2.90%.

RankCEVSPY
#1-58.45%
May 21, 2007 - Jun 2, 2010		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-32.99%
Nov 12, 2021 - Oct 31, 2022		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-26.49%
Feb 12, 2013 - Jan 29, 2015		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-25.93%
Feb 19, 2020 - Jul 31, 2020		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-19.14%
Apr 6, 2016 - Aug 2, 2019		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-18.74%
Sep 7, 2010 - Aug 22, 2011		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-14.62%
Nov 9, 1999 - Apr 12, 2000		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-14.25%
Apr 13, 2000 - Aug 21, 2000		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-13.63%
Mar 17, 2004 - Sep 14, 2004		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-12.41%
Jul 2, 2003 - Dec 19, 2003		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-11.73%
Oct 8, 2002 - May 14, 2003		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-11.55%
Feb 14, 2005 - Mar 1, 2006		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-11.18%
May 11, 2006 - Dec 1, 2006		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-10.25%
Nov 12, 2001 - Feb 6, 2002		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-9.96%
Feb 7, 2001 - Aug 1, 2001		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CEV and SPY is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80
-101

Dividend Comparison (1999 - 2026)

CEV vs SPY dividend yield comparison.

YearCEVSPY
20262.44%0.24%
20255.98%1.07%
20245.58%1.21%
20234.14%1.40%
20225.24%1.65%
20214.17%1.20%
20204.00%1.52%
20193.95%1.75%
20184.25%2.04%
20174.01%1.80%
20164.81%2.03%
20155.46%2.06%
20145.75%1.87%
20137.07%1.81%
20125.84%2.18%
20116.78%2.05%
20107.57%1.80%
20096.69%1.95%
20088.81%3.02%
20075.06%1.85%
20064.87%1.73%
20056.29%1.73%
20046.81%1.82%
20036.34%1.47%
20026.71%1.70%
20015.33%1.25%
20005.99%1.15%
19991.16%0.24%

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