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 | -0.46% | -4.56% | -6.92% | -8.15% | -7.17% | -9.58% | +1.40% | -4.83% | -1.35% | -1.05% |
| Market-price total return | -0.46% | -4.14% | -5.72% | -5.80% | -3.59% | -4.95% | +6.58% | -0.31% | +3.08% | +3.46% |
| NAV return | +0.51% | -1.00% | -2.63% | -3.32% | -3.63% | -4.46% | -1.21% | -3.77% | -1.83% | -0.58% |
| NAV total return | +0.51% | -0.57% | -1.36% | -0.79% | +0.15% | +0.56% | +3.80% | +0.75% | +2.51% | +3.79% |
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% | 0.02% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.10% | 0.02% | as above |
| Volatility, 5 years | 0.13% | 0.02% | as above |
| Maximum drawdown, 3 years | -8.81% | -2.52% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.23 | -0.18 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.33 | -0.24 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.56 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.24 | — | 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 Municipal Income 2028 Term Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.