Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.26% | -5.19% | -13.31% | -11.44% | -10.29% | -9.00% | -0.07% | -7.91% | -3.60% | -1.58% |
| Market-price total return | -0.26% | -4.78% | -12.26% | -9.28% | -7.03% | -4.53% | +4.82% | -3.62% | +0.87% | +3.34% |
| NAV return | +1.64% | -3.46% | -8.28% | -7.93% | -7.52% | -7.77% | -0.78% | -5.29% | -3.04% | -0.69% |
| NAV total return | +1.64% | -3.08% | -7.21% | -5.80% | -4.31% | -3.49% | +3.72% | -1.17% | +1.30% | +4.08% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.05% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.10% | 0.06% | as above |
| Volatility, 5 years | 0.13% | 0.06% | as above |
| Maximum drawdown, 3 years | -13.53% | -9.27% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.12 | -0.03 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.17 | -0.05 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.33 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.54 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Eaton Vance National Municipal Opportunities Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.