- Issuer
- Eaton Vance
- Inception Date
- Dec 28, 2012
- Category
- Macro Trading
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
EGRAX Performance Chart
Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) is up 7.7% since the beginning of the year. EGRAX is currently trading at $12 per share. Investors who bought $1,000 worth of EGRAX shares 5 years ago would now be looking at an investment worth $1,511.
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Returns By Period
Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) has returned 7.67% so far this year and 19.98% over the past 12 months. Over the last ten years, EGRAX has returned 6.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Eaton Vance Global Macro Absolute Return Advantage Fund Class A
- 1D
- -0.08%
- 1M
- 1.65%
- YTD
- 7.67%
- 6M
- 8.61%
- 1Y
- 19.98%
- 3Y*
- 13.20%
- 5Y*
- 8.61%
- 10Y*
- 6.34%
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%
EGRAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 7, 2010, EGRAX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +5.4%, while the worst month was Mar 2020 at -10.5%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EGRAX closed higher 46% of trading days. The best single day was Feb 28, 2022 with a return of +1.2%, while the worst single day was Feb 24, 2022 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.27% | 2.26% | -3.03% | 2.11% | 0.66% | 1.31% | 7.67% | ||||||
| 2025 | 2.94% | 1.24% | 0.47% | 0.37% | 2.05% | 1.46% | 0.81% | 1.52% | 1.67% | 2.34% | 1.52% | 2.05% | 20.06% |
| 2024 | 0.91% | 1.50% | 2.37% | -0.58% | 1.94% | -0.67% | 1.44% | -0.57% | 0.76% | -0.75% | 1.14% | 1.40% | 9.19% |
| 2023 | 2.44% | 0.31% | -0.41% | 0.10% | 1.76% | 2.13% | 0.10% | 0.20% | -1.49% | -0.20% | 0.91% | 2.04% | 8.10% |
| 2022 | -0.79% | -0.90% | -1.91% | 1.75% | -1.61% | -2.77% | -2.22% | 3.24% | -1.88% | 1.06% | 2.53% | 1.42% | -2.30% |
| 2021 | 0.68% | -0.10% | -0.97% | 0.98% | 1.07% | 0.67% | -0.19% | 0.77% | -0.19% | -0.48% | -0.57% | 1.66% | 3.35% |
Benchmark Metrics
Eaton Vance Global Macro Absolute Return Advantage Fund Class A has an annualized alpha of 4.37%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 07, 2010.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.15%) than losses (10.61%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.04 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 0.04 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
- 4.37%
- Beta
- 0.05
- R²
- 0.04
- Upside Capture
- 20.15%
- Downside Capture
- 10.61%
Expense Ratio
EGRAX has a high expense ratio of 2.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EGRAX ranks 98 for risk / return — in the top 98% 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 Global Macro Absolute Return Advantage Fund Class A (EGRAX) 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.
| EGRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +5.27 | ||
| Omega ratioGain probability vs. loss probability | 2.49 | 1.37 | +1.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.96 | 2.78 | +3.18 |
| Martin ratioReturn relative to average drawdown | 20.95 | 12.44 | +8.51 |
Dividends
Dividend History
Eaton Vance Global Macro Absolute Return Advantage Fund Class A provided a 6.28% dividend yield over the last twelve months, with an annual payout of $0.78 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.78 | $0.60 | $0.31 | $0.43 | $0.46 | $0.57 | $0.42 | $0.00 | $0.29 | $0.15 | $0.62 |
Dividend yield | 6.28% | 6.76% | 5.86% | 3.18% | 4.53% | 4.58% | 5.61% | 4.02% | 0.00% | 2.82% | 1.47% | 6.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Global Macro Absolute Return Advantage Fund Class A. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
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 Global Macro Absolute Return Advantage Fund Class A. 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 Global Macro Absolute Return Advantage Fund Class A was 14.15%, occurring on Mar 25, 2020. Recovery took 112 trading sessions.
The current Eaton Vance Global Macro Absolute Return Advantage Fund Class A drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -14.15%Mar 2020 | 1mo 3d | 5mo 11d | 6mo 14dFeb 2020 - Sep 2020 |
Rate-hike selloffLate 2018 | -10.44%Nov 2018 | 10mo 4d | 11mo 20d | 1y 9moJan 2018 - Nov 2019 |
Bear market2022 | -10.31%Jul 2022 | 5mo 4d | 9mo 23d | 1y 2moFeb 2022 - May 2023 |
2013 pullback2013 | -6.34%Sep 2013 | 4mo 5d | 1y 5d | 1y 4moMay 2013 - Sep 2014 |
2015 pullback2015 | -4.94%Sep 2015 | 5mo 18d | 6mo 25d | 1y 8dApr 2015 - Apr 2016 |
Drawdown Indicators
| EGRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.15% | -56.78% | +42.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -9.10% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -18.90% | +15.55% |
Max Drawdown (5Y)Largest decline over 5 years | -10.31% | -25.43% | +15.12% |
Max Drawdown (10Y)Largest decline over 10 years | -14.15% | -33.92% | +19.77% |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -10.71% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.03% | -1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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