EALDX Alternatives & Similar Mutual Funds

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
FHCOX	Federated Hermes Conservative Microshort Fund	0.05%	—	Feb 2021	EALDX vs FHCOX
DFIHX	DFA One Year Fixed Income Portfolio	0.13%	—	Jul 1983	EALDX vs DFIHX
BUBIX	Baird Ultra Short Bond Fund Institutional Class	0.15%	—	Dec 2013	EALDX vs BUBIX
CUTAX	Six Circles Tax Aware Ultra Short Duration Fund	0.15%	—	Jul 2018	EALDX vs CUTAX
DFYGX	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 71. There are 65 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
TMPFX	Tactical Multi-Purpose Fund	100	—	Mar 2017	EALDX vs TMPFX
NUSIX	Navigator Ultra Short Term Bond Fund	100	—	Mar 2019	EALDX vs NUSIX
BUBSX	Baird Ultra Short Bond Fund	100	—	Dec 2013	EALDX vs BUBSX
DFIHX	DFA One Year Fixed Income Portfolio	100	—	Jul 1983	EALDX vs DFIHX
PAIPX	PIMCO Short Asset Investment Fund	100	—	May 2012	EALDX vs PAIPX

Top Performing EALDX Alternatives (YTD)

EALDX is at 1.22% YTD. There are 56 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.

Symbol	Name	YTD Return	AUM	Inception
SEMRX	Semper Short Duration Fund	2.62%	—	Dec 2010	EALDX vs SEMRX
PTSHX	PIMCO Short Term Fund	2.39%	—	Oct 1987	EALDX vs PTSHX
PAIPX	PIMCO Short Asset Investment Fund	2.23%	—	May 2012	EALDX vs PAIPX
TRBUX	T. Rowe Price Ultra Short-Term Bond Fund	2.12%	—	Dec 2012	EALDX vs TRBUX
ENIAX	SEI Institutional Investments Trust Opportunistic ...	2.01%	—	Dec 2006	EALDX vs ENIAX

Lowest Volatility Alternatives to EALDX

EALDX has 2.67% 1-year volatility. There are 67 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.

Symbol	Name	Volatility 1Y	AUM	Inception
TMPFX	Tactical Multi-Purpose Fund	0.58%	—	Mar 2017	EALDX vs TMPFX
NUSIX	Navigator Ultra Short Term Bond Fund	0.61%	—	Mar 2019	EALDX vs NUSIX
DFIHX	DFA One Year Fixed Income Portfolio	0.64%	—	Jul 1983	EALDX vs DFIHX
BUBSX	Baird Ultra Short Bond Fund	0.65%	—	Dec 2013	EALDX vs BUBSX
PRTBX	Permanent Portfolio Short-Term Treasury Portfolio	0.65%	—	Sep 1987	EALDX vs PRTBX

Lowest Drawdown Alternatives to EALDX

EALDX has a 1-year max drawdown of -1.50%. There are 65 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BUBSX	Baird Ultra Short Bond Fund	-0.10%	—	Dec 2013	EALDX vs BUBSX
NUSIX	Navigator Ultra Short Term Bond Fund	-0.10%	—	Mar 2019	EALDX vs NUSIX
FHQFX	Fidelity Series Treasury Bill Index Fund	-0.10%	—	Aug 2018	EALDX vs FHQFX
FCNVX	Fidelity Conservative Income Bond Institutional Cl...	-0.10%	—	Mar 2011	EALDX vs FCNVX
DFIHX	DFA One Year Fixed Income Portfolio	-0.10%	—	Jul 1983	EALDX vs DFIHX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	24	4.10%	—	Jan 2004	EALDX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.64%	—	Aug 2010	EALDX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	36	6.68%	—	Feb 2007	EALDX vs EXG
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	3	-1.65%	—	Nov 2006	EALDX vs ETY
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	94	2.78%	—	Apr 2009	EALDX vs ESIIX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	89	1.90%	—	Oct 2011	EALDX vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.49%	—	Feb 2013	EALDX vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	77	1.94%	—	Jun 1993	EALDX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	53	7.87%	—	Sep 2011	EALDX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.42%	—	Jun 2007	EALDX vs EIGMX

Often Compared With EALDX

Investors most often compare EALDX with FSHBX, NUSFX, MAFRX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FSHBX	Fidelity Short-Term Bond Fund	Total Bond Market	74	0.65%	—	Sep 1986	EALDX vs FSHBX
NUSFX	Northern Ultra-Short Fixed Income Fund	Ultrashort Bond	98	1.52%	—	Jun 2009	EALDX vs NUSFX
MAFRX	Victory Pioneer Multi-Asset Ultrashort Income Fund...	Ultrashort Bond	99	1.90%	—	Apr 2011	EALDX vs MAFRX
CBUDX	CrossingBridge Ultra-Short Duration Fund	Ultrashort Bond	99	1.86%	—	Jun 2021	EALDX vs CBUDX
TSDOX	Touchstone Ultra Short Duration Fixed Income Fund	Ultrashort Bond	99	1.79%	—	Mar 1994	EALDX vs TSDOX
SAUFX	SA U.S. Fixed Income Fund	Ultrashort Bond	92	1.06%	—	Apr 2007	EALDX vs SAUFX
UUSTX	USAA Ultra Short-Term Bond Fund	Ultrashort Bond	98	1.75%	—	Oct 2010	EALDX vs UUSTX
ASDIX	AAM/HIMCO Short Duration Fund	Ultrashort Bond	98	1.29%	—	Jun 2014	EALDX vs ASDIX
MWUSX	Metropolitan West Ultra Short Bond Fund	Ultrashort Bond	90	1.24%	—	Jun 2003	EALDX vs MWUSX
FZOLX	Fidelity SAI Low Duration Income Fund	Ultrashort Bond	99	1.67%	—	Oct 2020	EALDX vs FZOLX
FAPGX	Fidelity Sustainable Low Duration Bond	Ultrashort Bond	99	1.65%	—	Apr 2022	EALDX vs FAPGX
FGUSX	Federated Hermes Government Ultrashort Fund	Ultrashort Bond	99	1.83%	—	Jul 1997	EALDX vs FGUSX
TLDIX	Thornburg Ultra Short Income Fund	Ultrashort Bond	99	1.82%	—	Dec 2013	EALDX vs TLDIX
HUBBX	Hartford Ultrashort Bond HLS Fund	Ultrashort Bond	99	1.26%	—	Apr 1998	EALDX vs HUBBX
SQIFX	Sit Quality Income Fund	Ultrashort Bond	54	0.50%	—	Dec 2012	EALDX vs SQIFX
PSDSX	Palmer Square Ultra-Short Duration Investment Grad...	Ultrashort Bond	97	1.19%	—	Oct 2016	EALDX vs PSDSX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	68	5.67%	—	Jun 2007	EALDX vs EEIAX
TSDUX	Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed...	Ultrashort Bond	98	2.01%	—	Mar 2016	EALDX vs TSDUX
FULBX	Federated Hermes Ultra Short Bond Fund	Ultrashort Bond	98	1.65%	—	May 1997	EALDX vs FULBX
MUIIX	Morgan Stanley Institutional Fund Trust Ultra-Shor...	Ultrashort Bond	100	1.78%	—	Apr 2016	EALDX vs MUIIX

Compare EALDX with Any Fund or Stock

Compare EALDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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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.

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Eaton Vance Short Duration Government Income Fund (EALDX) Alternatives