EEIIX Alternatives & Similar Mutual Funds

Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) 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 EEIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EEIIX

EEIIX charges 1.01% annually. There are 52 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	EEIIX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	EEIIX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.35%	—	Dec 2017	EEIIX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	EEIIX vs SEDAX
VEMBX	Vanguard Emerging Markets Bond Fund Investor Share...	0.50%	5.90B	Mar 2016	EEIIX vs VEMBX

Best Risk-Adjusted Alternatives to EEIIX

EEIIX has a PortfoliosLab risk / return rank of 79. There are 34 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
AGEYX	American Beacon Developing World Income Fund Class...	99	—	Feb 2014	EEIIX vs AGEYX
AGEPX	American Beacon Frontier Markets Income Fund	99	—	Feb 2014	EEIIX vs AGEPX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	—	Sep 2015	EEIIX vs EIDOX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	—	Feb 2013	EEIIX vs EELDX
APFOX	Artisan Emerging Markets Debt Opportunities Fund	98	—	Apr 2022	EEIIX vs APFOX

Top Performing EEIIX Alternatives (YTD)

EEIIX is at 5.16% YTD. There are 10 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.80%.

Symbol	Name	YTD Return	AUM	Inception
EDD	Morgan Stanley Emerging Markets Domestic Fund	14.80%	—	Apr 2007	EEIIX vs EDD
EDF	Virtus Stone Harbor Emerging Markets Income Fund	13.38%	—	Dec 2010	EEIIX vs EDF
FEMDX	Franklin Emerging Market Debt Opportunities Fund	8.72%	—	May 2006	EEIIX vs FEMDX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	8.53%	—	Sep 2015	EEIIX vs EIDOX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	8.44%	—	Feb 2013	EEIIX vs EELDX

Lowest Volatility Alternatives to EEIIX

EEIIX has 7.39% 1-year volatility. There are 64 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.17%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.17%	—	Apr 2014	EEIIX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.98%	—	Apr 2010	EEIIX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.05%	—	Nov 2013	EEIIX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.05%	—	May 2011	EEIIX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.12%	—	Apr 2010	EEIIX vs DBLEX

Lowest Drawdown Alternatives to EEIIX

EEIIX has a 1-year max drawdown of -7.20%. There are 64 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	EEIIX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	EEIIX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	EEIIX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	EEIIX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.37%	—	Nov 2013	EEIIX 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	46	6.39%	—	Jan 2004	EEIIX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	98	8.64%	—	Aug 2010	EEIIX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	57	7.73%	—	Feb 2007	EEIIX vs EXG
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	94	2.48%	—	Apr 2009	EEIIX vs ESIIX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Derivative Income, Dividend, Large Cap Growth Equities	4	-1.59%	—	Nov 2006	EEIIX vs ETY
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	90	1.59%	—	Oct 2011	EEIIX vs EIAMX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	78	0.38%	—	Jun 1993	EEIIX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	55	6.16%	—	Sep 2011	EEIIX vs EIRAX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	99	5.42%	—	Jun 2007	EEIIX vs EIGMX
EIPCX	Parametric Commodity Strategy Fund Class I	Commodities	85	20.06%	—	May 2011	EEIIX vs EIPCX

Often Compared With EEIIX

Investors most often compare EEIIX with LSPIX, LCCMX, EIPI. These 15 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LSPIX	LoCorr Spectrum Income Fund	Diversified Portfolio	55	9.22%	—	Dec 2013	EEIIX vs LSPIX
LCCMX	Leader Short Term High Yield Bond Fund	Short-Term Bond	84	3.65%	—	Jul 2005	EEIIX vs LCCMX
EIPI	FT Energy Income Partners Enhanced Income ETF	Derivative Income	88	17.27%	1.09B	Sep 2011	EEIIX vs EIPI
IOFIX	AlphaCentric Income Opportunities Fund	Multisector Bonds	39	0.42%	—	May 2015	EEIIX vs IOFIX
GABEX	Gabelli Equity Income Fund	Dividend, Large Cap Blend Equities	12	12.17%	—	Jan 1992	EEIIX vs GABEX
MFHVX	MetLife Opportunistic High Yield Fund	High Yield Bonds	73	4.04%	—	Dec 2018	EEIIX vs MFHVX
MLPA	Global X MLP ETF	MLPs	64	21.83%	2.29B	Apr 2012	EEIIX vs MLPA
GMOQX	GMO Emerging Country Debt Fund Class VI	Emerging Markets Bonds	98	8.19%	—	Apr 1994	EEIIX vs GMOQX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	78	4.98%	—	Jun 2007	EEIIX vs EEIAX
DEDIX	Delaware Emerging Markets Debt Corporate Fund	Emerging Markets Bonds	71	0.54%	—	Sep 2013	EEIIX vs DEDIX
PELAX	PIMCO Emerging Markets Local Currency and Bond Fun...	Emerging Markets Bonds	45	1.47%	—	Aug 2007	EEIIX vs PELAX
AMAPX	Amana Participation Fund	Emerging Markets Bonds	43	-0.22%	—	Sep 2015	EEIIX vs AMAPX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	87	17.25%	—	Sep 1931	EEIIX vs EHSTX
GMCDX	GMO Emerging Country Debt Fund	Emerging Markets Bonds	98	8.12%	—	Apr 1994	EEIIX vs GMCDX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	4	5.24%	—	Apr 2002	EEIIX vs EISMX

Compare EEIIX with Any Fund or Stock

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

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Diversifiers

Pair EEIIX with funds that move differently

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

Explore EEIIX Diversifiers

Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) Alternatives