EVN vs GNMA

Comparison between Eaton Vance Municipal Income Trust (EVN, ETF) and ISHARES GNMA BOND ETF (GNMA, ETF).

5-Year PerformanceGNMA has outperformed EVN, delivering a return of +0.6% compared to +0.2%

EVN vs GNMA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EVN(ETF)	GNMA(ETF)
Net Assets	$431M	$429M
Expense Ratio	N/A	0.10%
Max Drawdown	62.55%	23.27%
Sharpe Ratio	0.86	0.54
5Y Beta	0.18	0.04
5Y Dividends CAGR	3.10%	18.02%

Net Assets

Winner

EVN

$431M

GNMA

$429M

Expense Ratio

EVN

N/A

GNMA

0.10%

Max Drawdown

EVN

62.55%

Winner

GNMA

23.27%

Sharpe Ratio

Winner

EVN

0.86

GNMA

0.54

5Y Beta

EVN

0.18

Winner

GNMA

0.04

5Y Dividends CAGR

EVN

3.10%

Winner

GNMA

18.02%

EVN vs GNMA - Historical Returns

Returns include dividend reinvestment.

Period	EVN	GNMA
1 month	+5.16%	+1.18%
3 months	+3.42%	+0.43%
6 months	+4.29%	+1.04%
1 year	+13.47%	+5.94%
5 years(CAGR)	+0.24%	+0.61%
10 years(CAGR)	+2.35%	+1.20%
Max(CAGR)	+5.88%	+1.39%

Winner

EVN

+5.16%

GNMA

+1.18%

Winner

EVN

+3.42%

GNMA

+0.43%

Winner

EVN

+4.29%

GNMA

+1.04%

Winner

EVN

+13.47%

GNMA

+5.94%

5Y(CAGR)

EVN

+0.24%

Winner

GNMA

+0.61%

10Y(CAGR)

Winner

EVN

+2.35%

GNMA

+1.20%

Max(CAGR)

Winner

EVN

+5.88%

GNMA

+1.39%

EVN vs GNMA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EVN	GNMA
2026	+5.76%	+1.23%
2025	+12.50%	+8.45%
2024	+8.33%	+1.71%
2023	+3.00%	+4.84%
2022	-25.04%	-10.46%
2021	+7.73%	-1.82%
2020	+10.09%	+3.43%
2019	+15.59%	+5.88%
2018	-3.88%	+0.79%
2017	+4.85%	+1.79%
2016	-3.37%	+0.96%
2015	+9.71%	+0.80%
2014	+35.72%	+6.51%
2013	-19.33%	-2.32%
2012	+16.12%	+1.55%
2011	+23.98%	N/A
2010	+3.83%	N/A
2009	+56.76%	N/A
2008	-39.77%	N/A
2007	-9.13%	N/A
2006	+14.02%	N/A
2005	-1.43%	N/A
2004	+11.85%	N/A
2003	+18.50%	N/A
2002	+11.13%	N/A
2001	+19.65%	N/A
2000	+4.37%	N/A
1999	-3.08%	N/A

EVN vs GNMA Drawdown Comparison

The maximum drawdown for EVN was -56.82%, occurring on Dec 16, 2008. Recovery took 812 trading sessions.

The maximum drawdown for GNMA was -17.09%, occurring on Oct 20, 2022. Recovery took 1416 trading sessions.

The current EVN drawdown is -1.33%. The current GNMA drawdown is -1.11%.

Rank	EVN	GNMA
#1	-56.82% May 11, 2007 - Aug 2, 2010	-17.09% Apr 8, 2020 - Nov 25, 2025
#2	-32.80% Sep 21, 2021 - Oct 23, 2023	-9.58% Aug 15, 2012 - Jan 20, 2016
#3	-27.63% Feb 21, 2020 - Nov 19, 2020	-3.06% Aug 10, 2016 - Sep 5, 2017
#4	-27.40% Mar 6, 2013 - Sep 9, 2014	-2.96% Sep 5, 2017 - Dec 28, 2018
#5	-19.70% Nov 16, 1999 - Jan 3, 2001	-2.61% Feb 27, 2026 - May 19, 2026
#6	-18.58% Jul 11, 2016 - Aug 8, 2019	-2.52% Mar 9, 2020 - Mar 24, 2020
#7	-17.26% Sep 7, 2010 - Jul 5, 2011	-1.33% Jun 15, 2012 - Jul 31, 2012
#8	-14.82% Apr 1, 2004 - Aug 27, 2004	-1.27% May 31, 2012 - Jun 15, 2012
#9	-11.51% Sep 24, 2002 - Mar 7, 2003	-1.25% Feb 11, 2016 - Jun 10, 2016
#10	-11.30% Feb 3, 2015 - Nov 30, 2015	-1.10% Aug 9, 2012 - Aug 15, 2012
#11	-10.92% Jun 17, 2003 - Oct 31, 2003	-1.05% Aug 2, 2012 - Aug 9, 2012
#12	-9.84% Sep 5, 2001 - Oct 9, 2001	-0.84% May 16, 2012 - May 31, 2012
#13	-9.44% Jun 28, 2005 - Jul 31, 2006	-0.84% Mar 13, 2012 - Mar 29, 2012
#14	-9.33% Mar 4, 2005 - May 25, 2005	-0.79% Nov 25, 2025 - Dec 31, 2025
#15	-8.39% Jul 12, 2011 - Sep 13, 2011	-0.72% Mar 28, 2019 - May 6, 2019

Correlation

Correlation between EVN and GNMA is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

EVN vs GNMA dividend yield comparison.

Year	EVN	GNMA
2026	2.80%	1.74%
2025	5.72%	4.19%
2024	5.78%	4.15%
2023	4.80%	3.43%
2022	5.60%	2.01%
2021	4.14%	0.64%
2020	4.20%	1.89%
2019	4.46%	2.61%
2018	5.50%	2.41%
2017	5.37%	2.15%
2016	6.06%	1.89%
2015	6.46%	1.50%
2014	6.71%	1.22%
2013	8.81%	1.06%
2012	6.92%	1.29%
2011	7.76%	0.00%
2010	8.54%	0.00%
2009	7.54%	0.00%
2008	10.42%	0.00%
2007	5.76%	0.00%
2006	5.39%	0.00%
2005	7.24%	0.00%
2004	7.26%	0.00%
2003	7.19%	0.00%
2002	7.35%	0.00%
2001	5.71%	0.00%
2000	2.07%	0.00%