EEIAX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to EEIAX

EEIAX charges 1.19% annually. There are 67 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
PYELX	Payden Emerging Markets Local Bond Fund	0.09%	—	Nov 2011	EEIAX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	EEIAX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	—	Dec 2017	EEIAX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	EEIAX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	—	Apr 1994	EEIAX vs GMOQX

Best Risk-Adjusted Alternatives to EEIAX

EEIAX has a PortfoliosLab risk / return rank of 58. There are 53 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
AGEPX	American Beacon Frontier Markets Income Fund	98	—	Feb 2014	EEIAX vs AGEPX
AGEYX	American Beacon Developing World Income Fund Class...	98	—	Feb 2014	EEIAX vs AGEYX
GMOQX	GMO Emerging Country Debt Fund Class VI	98	—	Apr 1994	EEIAX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	98	—	Apr 1994	EEIAX vs GMCDX
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	98	—	Apr 2014	EEIAX vs DBLLX

Top Performing EEIAX Alternatives (YTD)

EEIAX is at 4.30% YTD. There are 10 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 15.01%.

Symbol	Name	YTD Return	AUM	Inception
EDF	Virtus Stone Harbor Emerging Markets Income Fund	15.01%	—	Dec 2010	EEIAX vs EDF
GMOQX	GMO Emerging Country Debt Fund Class VI	8.37%	—	Apr 1994	EEIAX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	8.34%	—	Apr 1994	EEIAX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	7.68%	—	May 2006	EEIAX vs FEMDX
AGEPX	American Beacon Frontier Markets Income Fund	6.76%	—	Feb 2014	EEIAX vs AGEPX

Lowest Volatility Alternatives to EEIAX

EEIAX has 7.29% 1-year volatility. There are 69 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.15%	—	Apr 2014	EEIAX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.93%	—	Apr 2010	EEIAX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.04%	—	Nov 2013	EEIAX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.05%	—	May 2011	EEIAX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.06%	—	Apr 2010	EEIAX vs DBLEX

Lowest Drawdown Alternatives to EEIAX

EEIAX has a 1-year max drawdown of -7.40%. There are 69 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-0.92%	—	Apr 2014	EEIAX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	EEIAX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	EEIAX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	EEIAX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.37%	—	Nov 2013	EEIAX vs PYCEX

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	23	2.94%	—	Jan 2004	EEIAX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	97	6.67%	—	Aug 2010	EEIAX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	23	2.69%	—	Feb 2007	EEIAX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	84	1.46%	—	Oct 2011	EEIAX vs EIAMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	6	-0.63%	—	Nov 2006	EEIAX vs ETY
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	70	1.63%	—	Jun 1993	EEIAX vs EIMAX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.66%	—	Feb 2013	EEIAX vs EELDX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.18%	—	Apr 2009	EEIAX vs ESIIX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	50	7.81%	—	Sep 2011	EEIAX vs EIRAX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	55	12.24%	—	Sep 1931	EEIAX vs EHSTX

Often Compared With EEIAX

Investors most often compare EEIAX with APFOX, ETNYX, EGFIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
APFOX	Artisan Emerging Markets Debt Opportunities Fund	Emerging Markets Bonds	96	4.71%	—	Apr 2022	EEIAX vs APFOX
ETNYX	Eaton Vance New York Municipal Income Fund	Municipal Bonds	63	1.96%	—	Apr 1994	EEIAX vs ETNYX
EGFIX	Edgewood Growth Fund	Large Cap Growth Equities	4	-1.55%	—	Feb 2006	EEIAX vs EGFIX
LSYAX	Lord Abbett Short Duration High Yield Fund	High Yield Bonds	80	2.47%	—	May 2020	EEIAX vs LSYAX
PELBX	PIMCO Emerging Markets Local Currency and Bond Fun...	Emerging Markets Bonds	37	1.28%	—	Dec 2006	EEIAX vs PELBX
LSPIX	LoCorr Spectrum Income Fund	Diversified Portfolio	33	6.50%	—	Dec 2013	EEIAX vs LSPIX
EADOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.62%	—	Sep 2015	EEIAX vs EADOX
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	EEIAX vs VOO
QLEIX	AQR Long-Short Equity Fund	Long-Short	53	0.38%	—	Jul 2013	EEIAX vs QLEIX
MFHVX	Mesirow High Yield Fund	High Yield Bonds	72	2.95%	—	Dec 2018	EEIAX vs MFHVX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	High Yield Muni	75	3.22%	—	May 2007	EEIAX vs EWHYX
ETJ	Eaton Vance Risk-Managed Diversified Equity Income...	Global Equity Income	6	0.10%	—	Jul 2007	EEIAX vs ETJ
EACAX	Eaton Vance California Municipal Opportunities Fun...	Municipal Bonds	61	1.66%	—	May 1994	EEIAX vs EACAX
EDD	Morgan Stanley Emerging Markets Domestic Fund	Emerging Markets Bonds	15	3.21%	—	Apr 2007	EEIAX vs EDD
EIRRX	Eaton Vance Short Duration Inflation-Protected Inc...	Inflation-Protected Bonds	86	1.64%	—	Mar 2010	EEIAX vs EIRRX
EIBRX	Eaton Vance Income Fund of Boston Class R6	High Yield Bonds	63	0.98%	—	Jul 2014	EEIAX vs EIBRX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.63%	—	Sep 2015	EEIAX vs EIDOX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	67	1.59%	—	Dec 2005	EEIAX vs SGYAX
EARRX	Eaton Vance Short Duration Inflation-Protected Inc...	Inflation-Protected Bonds	84	1.58%	—	Mar 2010	EEIAX vs EARRX
EEIIX	Eaton Vance Emerging Markets Local Income Fund Cla...	Emerging Markets Bonds	60	3.85%	—	Nov 2009	EEIAX vs EEIIX

Compare EEIAX with Any Fund or Stock

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

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Diversifiers

Pair EEIAX with funds that move differently

Eaton Vance Emerging Markets Local Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EEIAX.

Explore EEIAX Diversifiers

Eaton Vance Emerging Markets Local Income Fund (EEIAX) Alternatives