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 168 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	0.12%	25.80B	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	0.22%	25.80B	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 51. There are 143 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 Class I Shares	100	—	Jun 2019	ECHIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	ECHIX vs RPHIX
ICMUX	Intrepid Income Fund	97	—	Aug 2010	ECHIX vs ICMUX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	ECHIX vs PSHNX

Top Performing ECHIX Alternatives (YTD)

ECHIX is at 0.82% YTD. There are 149 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.04%	—	Dec 2014	ECHIX vs XILSX
FOCIX	Fairholme Focused Income Fund	9.48%	—	Dec 2009	ECHIX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.47%	—	Nov 1977	ECHIX vs FAGIX
JGH	Nuveen Global High Income Fund	5.11%	—	Nov 2014	ECHIX vs JGH
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	4.93%	—	Oct 2018	ECHIX vs FIQTX

Lowest Volatility Alternatives to ECHIX

ECHIX has 3.26% 1-year volatility. There are 92 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.83%	—	Sep 2010	ECHIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	ECHIX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	ECHIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	ECHIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	ECHIX vs OSTIX

Lowest Drawdown Alternatives to ECHIX

ECHIX has a 1-year max drawdown of -2.57%. There are 118 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
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	ECHIX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	ECHIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	ECHIX vs CCLFX
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	46	6.39%	—	Jan 2004	ECHIX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.64%	—	Aug 2010	ECHIX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	57	7.73%	—	Feb 2007	ECHIX vs EXG
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	94	2.48%	—	Apr 2009	ECHIX vs ESIIX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Derivative Income, Dividend, Large Cap Growth Equities	4	-1.59%	—	Nov 2006	ECHIX vs ETY
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	90	1.59%	—	Oct 2011	ECHIX vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.44%	—	Feb 2013	ECHIX vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	78	0.38%	—	Jun 1993	ECHIX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	55	6.16%	—	Sep 2011	ECHIX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.42%	—	Jun 2007	ECHIX vs EIGMX

Often Compared With ECHIX

Investors most often compare ECHIX with JEPQ, EVHY, FQTIX. These 20 comparison targets span 8 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	55	6.05%	39.88B	May 2022	ECHIX vs JEPQ
EVHY	Eaton Vance High Yield ETF	High Yield Bonds	73	1.65%	23.30M	Oct 2023	ECHIX vs EVHY
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	92	3.15%	—	Jun 2019	ECHIX vs FQTIX
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	High Yield Bonds, Corporate Bonds	87	3.69%	596.69M	May 2014	ECHIX vs HYGH
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	ECHIX vs VOO
RPIHX	T. Rowe Price Global High Income Bond Fund	High Yield Bonds	72	1.90%	—	Jan 2015	ECHIX vs RPIHX
THHYX	Toews Tactical Income Fund	High Yield Bonds	26	-0.03%	—	Jun 2010	ECHIX vs THHYX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	63	2.15%	—	Jan 2017	ECHIX vs RCRYX
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.30%	1.79B	Jul 2021	ECHIX vs HDIV.TO
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	4	5.24%	—	Apr 2002	ECHIX vs EISMX
CPMPX	Changing Parameters Fund	High Yield Bonds	80	0.85%	—	Oct 2006	ECHIX vs CPMPX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	87	17.25%	—	Sep 1931	ECHIX vs EHSTX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	77	1.69%	—	Apr 2014	ECHIX vs PRCPX
PRFRX	T. Rowe Price Floating Rate Fund - Investor Class	High Yield Bonds	90	1.84%	—	Jul 2011	ECHIX vs PRFRX
PRHYX	T. Rowe Price High Yield Fund	High Yield Bonds	67	1.10%	—	Dec 1984	ECHIX vs PRHYX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	69	2.32%	—	Sep 2013	ECHIX vs RSIIX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	78	4.98%	—	Jun 2007	ECHIX vs EEIAX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	71	4.88%	—	Jul 1995	ECHIX vs FAHCX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	1.93%	—	Feb 2011	ECHIX vs SHOYX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	1.75%	—	Feb 2011	ECHIX vs SHYPX

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