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Inception Date
Nov 27, 2009
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

EEIIX Performance Chart

Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) is up 4.4% since the beginning of the year. EEIIX is currently trading at $4 per share. Investors who bought $1,000 worth of EEIIX shares 5 years ago would now be looking at an investment worth $1,270.


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S&P 500 Index

Returns By Period

Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) has returned 4.44% so far this year and 17.13% over the past 12 months. Over the last ten years, EEIIX has returned 5.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Eaton Vance Emerging Markets Local Income Fund Class I

1D
-0.56%
1M
1.63%
YTD
4.44%
6M
5.46%
1Y
17.13%
3Y*
10.50%
5Y*
4.89%
10Y*
5.36%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEIIX Monthly Returns History

Based on dividend-adjusted daily data since Nov 27, 2009, EEIIX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 59% of months were positive and 42% were negative. The best month was Mar 2016 with a return of +9.5%, while the worst month was Mar 2020 at -14.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EEIIX closed higher 45% of trading days. The best single day was Jun 29, 2012 with a return of +3.0%, while the worst single day was Mar 12, 2020 at -4.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.00%2.68%-6.58%4.30%0.77%0.56%4.44%
20253.18%0.93%1.25%3.42%2.12%3.21%-1.26%2.90%1.97%1.36%1.93%2.41%26.00%
2024-1.69%0.00%1.17%-2.34%2.72%-1.48%2.44%2.99%3.23%-5.16%-0.60%-1.86%-0.97%
20234.78%-3.43%4.83%1.58%-1.22%3.59%2.12%-2.85%-3.98%-0.89%5.79%3.49%13.95%
2022-0.60%-5.20%-3.31%-3.72%0.88%-4.51%-1.38%0.18%-5.07%0.82%8.31%2.22%-11.53%
2021-1.24%-2.61%-4.06%2.53%2.30%-0.74%-0.35%1.51%-3.42%-1.01%-1.89%1.41%-7.57%

Benchmark Metrics

Eaton Vance Emerging Markets Local Income Fund Class I has an annualized alpha of 0.94%, beta of 0.24, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since November 27, 2009.

  • This fund participated in 56.06% of S&P 500 Index downside but only 37.67% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.24 may look defensive, but with R2 of 0.22 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 0.22 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
0.94%
Beta
0.24
0.22
Upside Capture
37.67%
Downside Capture
56.06%

Expense Ratio

EEIIX has a high expense ratio of 1.01%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

EEIIX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


EEIIX Risk / Return Rank: 6161
Overall Rank
EEIIX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EEIIX Sortino Ratio Rank: 7474
Sortino Ratio Rank
EEIIX Omega Ratio Rank: 7777
Omega Ratio Rank
EEIIX Calmar Ratio Rank: 4141
Calmar Ratio Rank
EEIIX Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) 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.


EEIIXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.26

Sortino ratioReturn per unit of downside risk

+0.53

Omega ratioGain probability vs. loss probability

1.46

1.37

+0.09

Calmar ratioReturn relative to maximum drawdown

2.34

2.78

-0.44

Martin ratioReturn relative to average drawdown

8.36

12.44

-4.08

Dividends

Dividend History

Eaton Vance Emerging Markets Local Income Fund Class I provided a 10.20% dividend yield over the last twelve months, with an annual payout of $0.36 per share.


9.00%10.00%11.00%12.00%13.00%14.00%$0.00$0.20$0.40$0.60$0.8020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.36$0.37$0.36$0.41$0.48$0.51$0.54$0.76$0.57$0.58$0.68$0.72

Dividend yield

10.20%10.36%11.46%11.62%13.71%11.49%10.06%13.31%10.80%9.04%11.27%12.21%

Monthly Dividends

The table displays the monthly dividend distributions for Eaton Vance Emerging Markets Local Income Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.04$0.03$0.03$0.03$0.03$0.00$0.15
2025$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.37
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$0.36
2023$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.41
2022$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.48
2021$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.51

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 Emerging Markets Local Income Fund Class I. 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 Emerging Markets Local Income Fund Class I was 31.11%, occurring on Jan 20, 2016. Recovery took 513 trading sessions.

The current Eaton Vance Emerging Markets Local Income Fund Class I drawdown is 1.33%.


Related event

Drawdown

Fall

Recovery

Underwater

2016 bear market2016
-31.11%Jan 2016
2y 8mo2y 13d
4y 8moMay 2013 - Feb 2018
Bear market2022
-28.05%Oct 2022
1y 9mo2y 6mo
4y 3moJan 2021 - Apr 2025
COVID crash2020
-21.20%Mar 2020
1mo 26d7mo 29d
9mo 25dJan 2020 - Nov 2020
Rate-hike selloffLate 2018
-16.58%Sep 2018
7mo 5d10mo 13d
1y 5moFeb 2018 - Jul 2019
2011 correction2011
-12.91%Nov 2011
3mo 25d9mo 23d
1y 1moAug 2011 - Sep 2012

Drawdown Indicators


EEIIXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-31.11%

-56.78%

+25.67%

Max Drawdown (1Y)

Largest decline over 1 year

-7.20%

-9.10%

+1.90%

Max Drawdown (3Y)

Largest decline over 3 years

-9.28%

-18.90%

+9.62%

Max Drawdown (5Y)

Largest decline over 5 years

-25.70%

-25.43%

-0.27%

Max Drawdown (10Y)

Largest decline over 10 years

-28.05%

-33.92%

+5.87%

Current Drawdown

Current decline from peak

-1.33%

-1.80%

+0.47%

Average Drawdown

Average peak-to-trough decline

-8.68%

-10.71%

+2.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.03%

-0.02%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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