Eaton Vance California Municipal Income (CEV) vs First Mortgage Income Fund (FMY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Eaton Vance California Municipal Income is the larger company by market cap ($73.4 million vs $46.6 million), about 1.6 times the size. On valuation, Eaton Vance California Municipal Income trades at a lower trailing P/E (10.0x vs 15.8x for First Mortgage Income Fund). First Mortgage Income Fund offers the higher dividend yield (7.32% vs 5.75%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CEV | FMY |
|---|---|---|
| Share price | $10.44 | $11.06 |
| Market cap | $73.43M | $46.60M |
| 1-day change | +3.67% | 0.00% |
| YTD return | +3.98% | — |
| 1-year return | +3.37% | — |
| 5-year return | -25.96% | — |
| P/E ratio (TTM) | 10.04 | 15.80 |
| EPS (TTM) | $1.04 | $0.70 |
| Dividend yield | 5.75% | 7.32% |
| Annual dividend | $0.60 | $0.81 |
| 52-week high | $10.84 | $12.36 |
| 52-week low | $9.77 | $10.67 |
| Distance from 52-week high | -3.69% | -10.52% |
| Analyst consensus | none | — |
| Average volume | 29.29K | 3.44K |
| Shares outstanding | 7.03M | 4.21M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- First Mortgage Income Fund trades at a higher earnings multiple (15.8x vs 10.0x trailing P/E).
- First Mortgage Income Fund offers a meaningfully higher dividend yield (7.32% vs 5.75%).
About Eaton Vance California Municipal Income
CEV stock →Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets.
Finance · Finance/Investors Services
About First Mortgage Income Fund
FMY stock →First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc.
Finance · Finance/Investors Services
CEV vs FMY FAQ
Which is bigger, Eaton Vance California Municipal Income or First Mortgage Income Fund?
Eaton Vance California Municipal Income (CEV) is larger, with a market capitalization of $73.43M compared with $46.60M for First Mortgage Income Fund (FMY).
Which has the lower P/E ratio, CEV or FMY?
CEV has the lower trailing P/E at 10.0, versus 15.8 for FMY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Eaton Vance California Municipal Income or First Mortgage Income Fund?
First Mortgage Income Fund has the higher yield at 7.32%, compared with 5.75% for Eaton Vance California Municipal Income.
Are Eaton Vance California Municipal Income and First Mortgage Income Fund in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.