GNMA vs EVN

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

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

GNMA vs EVN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

GNMA

$429M

Winner

EVN

$431M

Expense Ratio

GNMA

0.10%

EVN

N/A

Max Drawdown

Winner

GNMA

23.27%

EVN

62.55%

Sharpe Ratio

GNMA

0.54

Winner

EVN

0.86

5Y Beta

Winner

GNMA

0.04

EVN

0.18

5Y Dividends CAGR

Winner

GNMA

18.02%

EVN

3.10%

GNMA vs EVN - Historical Returns

Returns include dividend reinvestment.

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

GNMA

+1.18%

Winner

EVN

+5.16%

GNMA

+0.43%

Winner

EVN

+3.42%

GNMA

+1.04%

Winner

EVN

+4.29%

GNMA

+5.94%

Winner

EVN

+13.47%

5Y(CAGR)

Winner

GNMA

+0.61%

EVN

+0.24%

10Y(CAGR)

GNMA

+1.20%

Winner

EVN

+2.35%

Max(CAGR)

GNMA

+1.39%

Winner

EVN

+5.88%

GNMA vs EVN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

GNMA vs EVN Drawdown Comparison

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

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

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

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

Correlation

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

0.92

-101

Dividend Comparison (2000 - 2026)

GNMA vs EVN dividend yield comparison.

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