- ISIN
- US2779118551
- CUSIP
- 277911855
- Issuer
- Eaton Vance
- Inception Date
- May 24, 1994
- Category
- Multisector Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ECSIX Performance Chart
Eaton Vance Short Duration Strategic Income Fund (ECSIX) is up 2.1% since the beginning of the year. ECSIX is currently trading at $6 per share. Investors who bought $1,000 worth of ECSIX shares 5 years ago would now be looking at an investment worth $1,230.
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Returns By Period
Eaton Vance Short Duration Strategic Income Fund (ECSIX) has returned 2.08% so far this year and 8.69% over the past 12 months. Over the last ten years, ECSIX has returned 3.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Eaton Vance Short Duration Strategic Income Fund
- 1D
- 0.16%
- 1M
- 0.98%
- YTD
- 2.08%
- 6M
- 2.53%
- 1Y
- 8.69%
- 3Y*
- 7.42%
- 5Y*
- 4.23%
- 10Y*
- 3.99%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ECSIX Monthly Returns History
Based on dividend-adjusted daily data since May 25, 1994, ECSIX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 1995 with a return of +6.1%, while the worst month was Mar 2020 at -8.0%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ECSIX closed higher 36% of trading days. The best single day was Mar 10, 1995 with a return of +2.1%, while the worst single day was Dec 30, 2019 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.28% | 1.27% | -1.93% | 0.98% | 0.20% | 0.31% | 2.08% | ||||||
| 2025 | 0.97% | 1.47% | -0.47% | 0.67% | 0.19% | 1.78% | 0.03% | 1.93% | 0.66% | 0.98% | 0.97% | 0.59% | 10.19% |
| 2024 | 0.36% | -0.60% | 1.17% | -1.57% | 2.01% | 1.01% | 1.97% | 0.83% | 1.14% | -1.70% | 1.00% | 0.02% | 5.71% |
| 2023 | 1.97% | -0.44% | 0.68% | 0.19% | 0.03% | 0.52% | 0.69% | 0.04% | -1.42% | -0.62% | 2.71% | 2.81% | 7.31% |
| 2022 | -0.15% | -1.20% | -0.91% | 0.15% | -0.92% | -1.71% | -0.31% | 1.06% | -2.03% | 0.04% | 2.33% | 0.36% | -3.31% |
| 2021 | 0.57% | 0.28% | -0.29% | 0.29% | 0.43% | -0.15% | -0.29% | 0.29% | 0.00% | -0.44% | -0.59% | 0.60% | 0.69% |
Benchmark Metrics
Eaton Vance Short Duration Strategic Income Fund has an annualized alpha of 5.34%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 25, 1994.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.87%) than losses (10.64%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.34%
- Beta
- 0.04
- R²
- 0.03
- Upside Capture
- 23.87%
- Downside Capture
- 10.64%
Expense Ratio
ECSIX has a high expense ratio of 1.82%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ECSIX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance Short Duration Strategic Income Fund (ECSIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ECSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.37 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.78 | +0.88 |
| Martin ratioReturn relative to average drawdown | 12.66 | 12.44 | +0.22 |
Dividends
Dividend History
Eaton Vance Short Duration Strategic Income Fund provided a 6.31% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.33 | $0.39 | $0.39 | $0.30 | $0.24 | $0.24 | $0.24 | $0.21 | $0.21 | $0.22 | $0.24 |
Dividend yield | 6.31% | 5.07% | 6.21% | 6.18% | 4.78% | 3.54% | 3.47% | 3.53% | 3.19% | 2.96% | 3.20% | 3.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Short Duration Strategic Income 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.00 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 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 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Short Duration Strategic Income 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 Short Duration Strategic Income Fund was 12.95%, occurring on Dec 17, 2008. Recovery took 133 trading sessions.
The current Eaton Vance Short Duration Strategic Income Fund drawdown is 0.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -12.95%Dec 2008 | 5mo 10d | 6mo 15d | 11mo 25dJul 2008 - Jun 2009 |
COVID crash2020 | -12.53%Mar 2020 | 2mo 26d | 4mo 13d | 7mo 9dDec 2019 - Aug 2020 |
2016 pullback2016 | -8.64%Feb 2016 | 8mo 14d | 10mo 7d | 1y 6moJun 2015 - Dec 2016 |
1995 pullback1995 | -7.82%Mar 1995 | 9mo 16d | 1mo 9d | 10mo 25dMay 1994 - Apr 1995 |
1998 pullback1998 | -7.23%Sep 1998 | 1mo 20d | 5mo 8d | 6mo 28dJul 1998 - Feb 1999 |
Drawdown Indicators
| ECSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -56.78% | +43.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -9.10% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | -18.90% | +16.26% |
Max Drawdown (5Y)Largest decline over 5 years | -7.19% | -25.43% | +18.24% |
Max Drawdown (10Y)Largest decline over 10 years | -12.53% | -33.92% | +21.39% |
Current DrawdownCurrent decline from peak | -0.47% | -1.80% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -10.71% | +9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.03% | -1.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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