Eaton Vance Emerging Markets Local Income Fund (EEIAX) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to EEIAX

EEIAX charges 1.19% annually. Among mutual funds in the Emerging Markets Bonds category, these options have the lowest expense ratios among EEIAX alternatives.

Symbol	Name	Expense Ratio	Inception
PYELX	Payden Emerging Markets Local Bond Fund	0.09%	Nov 1, 2011	EEIAX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	Aug 8, 2012	EEIAX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	Dec 6, 2017	EEIAX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	Dec 4, 2005	EEIAX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	Apr 19, 1994	EEIAX vs GMOQX

Best Risk-Adjusted Alternatives to EEIAX

Among mutual funds in the Emerging Markets Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
AGEYX	American Beacon Developing World Income Fund Class...	98	Feb 25, 2014	EEIAX vs AGEYX
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	98	Apr 6, 2014	EEIAX vs DBLLX
AGEPX	American Beacon Frontier Markets Income Fund	98	Feb 24, 2014	EEIAX vs AGEPX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	Sep 3, 2015	EEIAX vs EIDOX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	Feb 3, 2013	EEIAX vs EELDX

Top Performing EEIAX Alternatives (YTD)

EEIAX alternatives from the Emerging Markets Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
GMCDX	GMO Emerging Country Debt Fund	2.00%	Apr 18, 1994	EEIAX vs GMCDX
GMOQX	GMO Emerging Country Debt Fund Class VI	2.00%	Apr 19, 1994	EEIAX vs GMOQX
AGEYX	American Beacon Developing World Income Fund Class...	1.59%	Feb 25, 2014	EEIAX vs AGEYX
AGEPX	American Beacon Frontier Markets Income Fund	1.56%	Feb 24, 2014	EEIAX vs AGEPX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	1.43%	Sep 3, 2015	EEIAX vs EIDOX

Lowest Volatility Alternatives to EEIAX

EEIAX alternatives from the Emerging Markets Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.43%	Apr 6, 2014	EEIAX vs DBLLX
AMAPX	Amana Participation Fund	2.08%	Sep 27, 2015	EEIAX vs AMAPX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	2.59%	Apr 6, 2010	EEIAX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.59%	Nov 10, 2013	EEIAX vs PYCEX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.61%	Apr 5, 2010	EEIAX vs DBLEX

Lowest Drawdown Alternatives to EEIAX

EEIAX alternatives from the Emerging Markets Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-1.35%	Apr 6, 2014	EEIAX vs DBLLX
AMAPX	Amana Participation Fund	-2.51%	Sep 27, 2015	EEIAX vs AMAPX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-2.77%	Apr 5, 2010	EEIAX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-2.77%	Apr 6, 2010	EEIAX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.96%	Nov 10, 2013	EEIAX vs PYCEX

Other Mutual Funds from Eaton Vance

Most popular Eaton Vance mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	99	3.59%	Aug 30, 2010	EEIAX vs EGRIX
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	51	-11.37%	Jan 30, 2004	EEIAX vs ETG
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	48	-7.20%	Feb 27, 2007	EEIAX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	92	-1.08%	Oct 31, 2011	EEIAX vs EIAMX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	39	-0.70%	Jun 16, 1993	EEIAX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	46	-3.81%	Sep 29, 2011	EEIAX vs EIRAX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	28	-1.54%	Sep 23, 1931	EEIAX vs EHSTX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	2	-6.70%	Apr 30, 2002	EEIAX vs EISMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	12	-8.28%	Nov 27, 2006	EEIAX vs ETY
EIRRX	Eaton Vance Short Duration Inflation-Protected Inc...	Inflation-Protected Bonds	87	0.35%	Mar 31, 2010	EEIAX vs EIRRX

Often Compared With EEIAX

What investors most often compare with EEIAX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
APFOX	Artisan Emerging Markets Debt Opportunities Fund	Emerging Markets Bonds	97	0.34%	Apr 6, 2022	EEIAX vs APFOX
ETNYX	Eaton Vance New York Municipal Income Fund	Municipal Bonds	30	-0.59%	Apr 14, 1994	EEIAX vs ETNYX
EGFIX	Edgewood Growth Fund	Large Cap Growth Equities	4	-15.94%	Feb 28, 2006	EEIAX vs EGFIX
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	EEIAX vs VOO
PELBX	PIMCO Emerging Markets Local Currency and Bond Fun...	Emerging Markets Bonds	87	-3.89%	Dec 28, 2006	EEIAX vs PELBX
LSYAX	Lord Abbett Short Duration High Yield Fund	High Yield Bonds	70	-1.81%	May 1, 2020	EEIAX vs LSYAX
LSPIX	LoCorr Spectrum Income Fund	Diversified Portfolio	22	3.09%	Dec 30, 2013	EEIAX vs LSPIX
EADOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	1.35%	Sep 3, 2015	EEIAX vs EADOX
QLEIX	AQR Long-Short Equity Fund	Long-Short	94	-3.26%	Jul 15, 2013	EEIAX vs QLEIX
MFHVX	Mesirow High Yield Fund	High Yield Bonds	31	-1.48%	Dec 3, 2018	EEIAX vs MFHVX
EDD	Morgan Stanley Emerging Markets Domestic Fund	Emerging Markets Bonds	54	-3.98%	Apr 24, 2007	EEIAX vs EDD
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	78	-1.71%	Dec 5, 2005	EEIAX vs SGYAX
PHYSX	PIA High Yield Fund	High Yield Bonds	8	-2.34%	Dec 31, 2010	EEIAX vs PHYSX
EBABX	Eaton Vance Total Return Bond Fund Class A	Intermediate Core-Plus Bond	70	-0.94%	Nov 17, 2009	EEIAX vs EBABX
EVG	Eaton Vance Short Duration Diversified Income Fund	Multisector Bonds	21	-0.06%	Feb 28, 2005	EEIAX vs EVG
EVV	Eaton Vance Limited Duration Income Fund	Short-Term Bond	11	-2.49%	May 30, 2003	EEIAX vs EVV
EACAX	Eaton Vance California Municipal Opportunities Fun...	Municipal Bonds	32	-0.62%	May 26, 1994	EEIAX vs EACAX
EEIIX	Eaton Vance Emerging Markets Local Income Fund Cla...	Emerging Markets Bonds	94	-1.77%	Nov 27, 2009	EEIAX vs EEIIX
ETO	Eaton Vance Tax-Advantaged Global Dividend Opportu...	Global Equities	41	-10.61%	Apr 30, 2004	EEIAX vs ETO
ETPAX	Eaton Vance Pennsylvania Municipal Income Fund	Municipal Bonds	39	-0.70%	May 31, 1994	EEIAX vs ETPAX

Compare EEIAX with Any Fund or Stock

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

Symbol name

Eaton Vance Emerging Markets Local Income Fund

Symbol name