Eaton Vance Short Duration Government Income Fund (EALDX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EALDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EALDX
EALDX charges 0.77% annually. There are 59 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | EALDX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | EALDX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | EALDX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | EALDX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | EALDX vs DFYGX |
Best Risk-Adjusted Alternatives to EALDX
EALDX has a PortfoliosLab risk / return rank of 61. There are 61 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | EALDX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | EALDX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | EALDX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | EALDX vs PAIPX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | EALDX vs FHQFX |
Top Performing EALDX Alternatives (YTD)
EALDX is at 0.79% YTD. There are 59 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | EALDX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | EALDX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | EALDX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | EALDX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | EALDX vs TSDUX |
Lowest Volatility Alternatives to EALDX
EALDX has 2.72% 1-year volatility. There are 66 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | EALDX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | EALDX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | EALDX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | EALDX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | EALDX vs BUBIX |
Lowest Drawdown Alternatives to EALDX
EALDX has a 1-year max drawdown of -1.50%. There are 64 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | EALDX vs UGSDX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | EALDX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | EALDX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | EALDX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | EALDX vs MUIIX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.
Often Compared With EALDX
Investors most often compare EALDX with FSHBX, NUSFX, MAFRX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare EALDX with Any Fund or Stock
Compare EALDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EALDX with funds that move differently
Eaton Vance Short Duration Government Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EALDX.
Explore EALDX Diversifiers