Eaton Vance High Income Opportunities Fund (ECHIX)
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities, including preferred securities and other hybrid securities, senior floating rate loans and secured and unsecured subordinated floating rate loans and convertible securities. It invests primarily in high yield, high risk corporate bonds. The fund invests a substantial portion of its assets in bonds issued in connection with mergers, acquisitions and other highly-leveraged transactions.
Fund Info
ISIN | US2779116084 |
---|---|
CUSIP | 277911608 |
Issuer | Eaton Vance |
Inception Date | Jun 8, 1994 |
Category | High Yield Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
ECHIX has a high expense ratio of 1.65%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance High Income Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance High Income Opportunities Fund had a return of 1.57% year-to-date (YTD) and 8.97% in the last 12 months. Over the past 10 years, Eaton Vance High Income Opportunities Fund had an annualized return of 3.67%, while the S&P 500 had an annualized return of 10.64%, indicating that Eaton Vance High Income Opportunities Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.57% | 7.50% |
1 month | 0.46% | -1.61% |
6 months | 6.85% | 17.65% |
1 year | 8.97% | 26.26% |
5 years (annualized) | 3.76% | 11.73% |
10 years (annualized) | 3.67% | 10.64% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.19% | -0.03% | 1.43% | -0.98% | ||||||||
2023 | -1.29% | 3.78% | 3.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ECHIX is 84, placing it in the top 16% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Eaton Vance High Income Opportunities Fund(ECHIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance High Income Opportunities Fund (ECHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance High Income Opportunities Fund granted a 5.29% dividend yield in the last twelve months. The annual payout for that period amounted to $0.22 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.22 | $0.21 | $0.19 | $0.19 | $0.21 | $0.20 | $0.20 | $0.20 | $0.21 | $0.23 | $0.24 | $0.26 |
Dividend yield | 5.29% | 4.98% | 4.71% | 4.20% | 4.63% | 4.57% | 4.93% | 4.50% | 4.77% | 5.50% | 5.19% | 5.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance High Income Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
2023 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance High Income Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eaton Vance High Income Opportunities Fund was 43.43%, occurring on Dec 16, 2008. Recovery took 265 trading sessions.
The current Eaton Vance High Income Opportunities Fund drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-43.43% | Jun 6, 2007 | 386 | Dec 16, 2008 | 265 | Jan 6, 2010 | 651 |
-41.93% | Dec 27, 1999 | 699 | Oct 11, 2002 | 1075 | Jan 24, 2007 | 1774 |
-32.92% | Jul 6, 1998 | 76 | Oct 19, 1998 | 119 | Apr 2, 1999 | 195 |
-25.69% | Dec 26, 1997 | 19 | Jan 21, 1998 | 18 | Feb 16, 1998 | 37 |
-25.5% | Jun 1, 1999 | 53 | Aug 12, 1999 | 75 | Nov 25, 1999 | 128 |
Volatility
Volatility Chart
The current Eaton Vance High Income Opportunities Fund volatility is 1.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.