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Eaton Vance Short Duration Government Income Fund (EALDX) Sharpe Ratio: 1.55

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The investment seeks total return. Under normal circumstances, the fund invests at least 90% of its net assets (plus any borrowings for investment purposes) in any securities issued, backed or otherwise guaranteed by the U.S. government or its agencies or instrumentalities. It may invest up to 10% of its net assets in other income securities, including, but not limited to, non-agency MBS and asset-backed securities, corporate bonds, loans and money market securities.

EALDX's Sharpe Ratio of 1.55 indicates that for each unit of volatility, it generates 1.55 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

EALDX Sharpe Ratio Rank

EALDX Sharpe Ratio Rank: 61.562
Above Average

EALDX ranks above 61.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

EALDX Sharpe Ratio Market Positioning

The chart shows EALDX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.73+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Eaton Vance Short Duration Government Income Fund's Sharpe Ratio with other mutual funds in the Ultrashort Bond category across multiple time periods, showing how EALDX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NUSIXNavigator Ultra Short Term Bond Fund6.81
BUBSXBaird Ultra Short Bond Fund6.25
TMPFXTactical Multi-Purpose Fund6.13
DFIHXDFA One Year Fixed Income Portfolio5.94
ENIAXSEI Institutional Investments Trust Opportunistic Income Fund5.17
PRTBXPermanent Portfolio Short-Term Treasury Portfolio4.65
BUBIXBaird Ultra Short Bond Fund Institutional Class4.63
CBUDXCrossingBridge Ultra-Short Duration Fund4.59
CUSDXSix Circles Ultra Short Duration Fund4.55
DFYGXDFA Two-Year Government Portfolio4.51
EALDXEaton Vance Short Duration Government Income Fund1.55
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Historical Sharpe Ratio

The chart shows EALDX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EALDX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does EALDX fit in your portfolio?

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