Eaton Vance Municipal Income (EVN) vs Highland Opportunities and Income Fund (HFRO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Eaton Vance Municipal Income is the larger company by market cap ($367.3 million vs $359.5 million), about 1.0 times the size. On valuation, Eaton Vance Municipal Income trades at a lower trailing P/E (9.9x vs 130.2x for Highland Opportunities and Income Fund). Eaton Vance Municipal Income pays a dividend yielding 3.33%, while Highland Opportunities and Income Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | EVN | HFRO |
|---|---|---|
| Share price | $9.20 | $6.51 |
| Market cap | $367.29M | $359.47M |
| 1-day change | +0.88% | 0.00% |
| YTD return | -15.24% | — |
| 1-year return | -15.94% | — |
| 5-year return | -34.10% | — |
| P/E ratio (TTM) | 9.89 | 130.20 |
| EPS (TTM) | $0.93 | $0.05 |
| Dividend yield | 3.33% | 7.10% |
| Annual dividend | $0.306 | $0.00 |
| 52-week high | $11.26 | $7.74 |
| 52-week low | $9.00 | $5.47 |
| Distance from 52-week high | -18.29% | -15.89% |
| Analyst consensus | none | — |
| Average volume | 105.34K | 112.19K |
| Shares outstanding | 39.92M | 55.22M |
| Sector | Finance | Finance |
| Industry | Investment Managers | 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
- Highland Opportunities and Income Fund trades at a higher earnings multiple (130.2x vs 9.9x trailing P/E).
- Highland Opportunities and Income Fund offers a meaningfully higher dividend yield (7.10% vs 3.33%).
About Eaton Vance Municipal Income
EVN stock →Eaton Vance 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 · Investment Managers
About Highland Opportunities and Income Fund
HFRO stock →Highland Funds I - Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P.
Finance · Finance/Investors Services
EVN vs HFRO FAQ
Which is bigger, Eaton Vance Municipal Income or Highland Opportunities and Income Fund?
Eaton Vance Municipal Income (EVN) is larger, with a market capitalization of $367.29M compared with $359.47M for Highland Opportunities and Income Fund (HFRO).
Which has the lower P/E ratio, EVN or HFRO?
EVN has the lower trailing P/E at 9.9, versus 130.2 for HFRO. 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 Municipal Income or Highland Opportunities and Income Fund?
Highland Opportunities and Income Fund has the higher yield at 7.10%, compared with 3.33% for Eaton Vance Municipal Income.
Are Eaton Vance Municipal Income and Highland Opportunities and Income Fund in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Eaton Vance Municipal Income and Finance/Investors Services for Highland Opportunities and Income Fund.