ECHIX Alternatives & Similar Mutual Funds

Eaton Vance High Income Opportunities Fund (ECHIX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ECHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ECHIX

ECHIX charges 1.65% annually. There are 166 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	ECHIX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	25.70B	Nov 2001	ECHIX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	ECHIX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	25.70B	Dec 1978	ECHIX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	ECHIX vs CRDOX

Best Risk-Adjusted Alternatives to ECHIX

ECHIX has a PortfoliosLab risk / return rank of 50. There are 153 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	ECHIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	ECHIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	ECHIX vs RPHIX
FSHNX	Fidelity Series High Income Fund	97	—	Mar 2011	ECHIX vs FSHNX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	97	—	Feb 2011	ECHIX vs SHOYX

Top Performing ECHIX Alternatives (YTD)

ECHIX is at 0.84% YTD. There are 165 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	7.97%	—	Dec 2014	ECHIX vs XILSX
FAGIX	Fidelity Capital & Income Fund	7.96%	—	Nov 1977	ECHIX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.29%	—	Oct 2018	ECHIX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.16%	—	Jul 1995	ECHIX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.04%	—	Jan 1987	ECHIX vs FAHYX

Lowest Volatility Alternatives to ECHIX

ECHIX has 3.13% 1-year volatility. There are 80 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	ECHIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	ECHIX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	ECHIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	ECHIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	ECHIX vs OSTIX

Lowest Drawdown Alternatives to ECHIX

ECHIX has a 1-year max drawdown of -2.57%. There are 117 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	ECHIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	ECHIX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	ECHIX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	ECHIX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	ECHIX vs SCFIX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	27	4.45%	—	Jan 2004	ECHIX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	97	6.50%	—	Aug 2010	ECHIX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	26	3.99%	—	Feb 2007	ECHIX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	86	1.46%	—	Oct 2011	ECHIX vs EIAMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	6	-0.16%	—	Nov 2006	ECHIX vs ETY
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	64	1.50%	—	Jun 1993	ECHIX vs EIMAX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.53%	—	Feb 2013	ECHIX vs EELDX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.18%	—	Apr 2009	ECHIX vs ESIIX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	49	7.56%	—	Sep 2011	ECHIX vs EIRAX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	52	11.53%	—	Sep 1931	ECHIX vs EHSTX

Often Compared With ECHIX

Investors most often compare ECHIX with JEPQ, HYGH, EVHY. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Nasdaq-100, Derivative Income	77	9.65%	39.63B	May 2022	ECHIX vs JEPQ
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	High Yield Bonds	76	2.93%	529.12M	May 2014	ECHIX vs HYGH
EVHY	Eaton Vance High Yield ETF	High Yield Bonds	65	1.33%	23.58M	Oct 2023	ECHIX vs EVHY
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	93	3.43%	—	Jun 2019	ECHIX vs FQTIX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	34	6.37%	—	Dec 2009	ECHIX vs FOCIX
VOO	Vanguard S&P 500 ETF	S&P 500	75	11.69%	1.60T	Sep 2010	ECHIX vs VOO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	93	16.52%	1.63B	Jul 2021	ECHIX vs HDIV.TO
THHYX	Toews Tactical Income Fund	High Yield Bonds	47	0.38%	—	Jun 2010	ECHIX vs THHYX
RPIHX	T. Rowe Price Global High Income Bond Fund	High Yield Bonds	92	2.04%	—	Jan 2015	ECHIX vs RPIHX
CPMPX	Changing Parameters Fund	High Yield Bonds	88	0.85%	—	Oct 2006	ECHIX vs CPMPX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	58	2.54%	—	Jan 2017	ECHIX vs RCRYX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	2	-1.57%	—	Apr 2002	ECHIX vs EISMX
JGH	Nuveen Global High Income Fund	High Yield Bonds	15	5.56%	—	Nov 2014	ECHIX vs JGH
PRHYX	T. Rowe Price High Yield Fund	High Yield Bonds	94	2.31%	—	Dec 1984	ECHIX vs PRHYX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	95	2.38%	—	Apr 2014	ECHIX vs PRCPX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	68	1.81%	—	Sep 2013	ECHIX vs RSIIX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	1.96%	—	Jul 2011	ECHIX vs PRFRX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	57	4.01%	—	Jun 2007	ECHIX vs EEIAX
PSHNX	Penn Capital Short Duration High Income Fund	High Yield Bonds	96	1.63%	—	Jul 2017	ECHIX vs PSHNX
PYHRX	Payden High Income Fund	High Yield Bonds	96	2.28%	—	Dec 1997	ECHIX vs PYHRX

Compare ECHIX with Any Fund or Stock

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

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Diversifiers

Pair ECHIX with funds that move differently

Eaton Vance High Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ECHIX.

Explore ECHIX Diversifiers

Eaton Vance High Income Opportunities Fund (ECHIX) Alternatives