Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) Alternatives

Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) belongs to the Macro Trading category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EGRAX. 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 EGRAX

EGRAX charges 2.22% annually. Among mutual funds in the Macro Trading category, these options have the lowest expense ratios among EGRAX alternatives.

Symbol	Name	Expense Ratio	Inception
CGFIX	abrdn Global Absolute Return Strategies Fund	0.78%	Oct 31, 1990	EGRAX vs CGFIX
FARYX	Fulcrum Diversified Absolute Return Fund	1.04%	Jul 30, 2015	EGRAX vs FARYX
DVRIX	MFS Global Alternative Strategy Fund	1.05%	Dec 19, 2007	EGRAX vs DVRIX
PCBAX	BlackRock Tactical Opportunities Fund	1.08%	Dec 28, 1988	EGRAX vs PCBAX
QGMIX	AQR Macro Opportunities Fund	1.20%	Apr 7, 2014	EGRAX vs QGMIX

Best Risk-Adjusted Alternatives to EGRAX

Among mutual funds in the Macro Trading 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
FARYX	Fulcrum Diversified Absolute Return Fund	97	Jul 30, 2015	EGRAX vs FARYX
OTRFX	OnTrack Core Fund	92	Jan 14, 2013	EGRAX vs OTRFX
DNAVX	Dunham Dynamic Macro Fund	90	Apr 28, 2010	EGRAX vs DNAVX
QALTX	Quantified Alternative Investment Fund	90	Aug 8, 2013	EGRAX vs QALTX
DYMIX	Dynamic Alpha Macro Fund Institutional	79	Jul 31, 2023	EGRAX vs DYMIX

Top Performing EGRAX Alternatives (YTD)

EGRAX alternatives from the Macro Trading category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
MBXAX	Catalyst/Millburn Hedge Strategy Fund	9.82%	Dec 27, 2015	EGRAX vs MBXAX
REMIX	Standpoint Multi-Asset Fund Investor Class	7.26%	Dec 30, 2019	EGRAX vs REMIX
EBSIX	Campbell Systematic Macro Fund Class I Shares	7.05%	Mar 4, 2013	EGRAX vs EBSIX
EBSAX	Campbell Systematic Macro Fund Class A Shares	7.03%	Mar 4, 2013	EGRAX vs EBSAX
FARYX	Fulcrum Diversified Absolute Return Fund	6.08%	Jul 30, 2015	EGRAX vs FARYX

Lowest Volatility Alternatives to EGRAX

EGRAX alternatives from the Macro Trading category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
CGFIX	abrdn Global Absolute Return Strategies Fund	3.49%	Oct 31, 1990	EGRAX vs CGFIX
OTRFX	OnTrack Core Fund	4.33%	Jan 14, 2013	EGRAX vs OTRFX
DNAVX	Dunham Dynamic Macro Fund	4.40%	Apr 28, 2010	EGRAX vs DNAVX
DVRIX	MFS Global Alternative Strategy Fund	4.81%	Dec 19, 2007	EGRAX vs DVRIX
PCBAX	BlackRock Tactical Opportunities Fund	6.76%	Dec 28, 1988	EGRAX vs PCBAX

Lowest Drawdown Alternatives to EGRAX

EGRAX alternatives from the Macro Trading category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
DNAVX	Dunham Dynamic Macro Fund	-2.13%	Apr 28, 2010	EGRAX vs DNAVX
CGFIX	abrdn Global Absolute Return Strategies Fund	-2.78%	Oct 31, 1990	EGRAX vs CGFIX
OTRFX	OnTrack Core Fund	-3.02%	Jan 14, 2013	EGRAX vs OTRFX
FARYX	Fulcrum Diversified Absolute Return Fund	-3.26%	Jul 30, 2015	EGRAX vs FARYX
DVRIX	MFS Global Alternative Strategy Fund	-3.45%	Dec 19, 2007	EGRAX vs DVRIX

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	3.42%	Aug 30, 2010	EGRAX vs EGRIX
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	60	-8.73%	Jan 30, 2004	EGRAX vs ETG
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	55	-5.16%	Feb 27, 2007	EGRAX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	92	-0.88%	Oct 31, 2011	EGRAX vs EIAMX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	29	-0.44%	Jun 16, 1993	EGRAX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	59	-1.78%	Sep 29, 2011	EGRAX vs EIRAX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	1.45%	Feb 3, 2013	EGRAX vs EELDX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	33	0.60%	Sep 23, 1931	EGRAX vs EHSTX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	94	-0.99%	Jun 26, 2007	EGRAX vs EEIAX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	2	-4.80%	Apr 30, 2002	EGRAX vs EISMX

Often Compared With EGRAX

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
GPAIX	Grant Park Multi Alternative Strategies Fund	Macro Trading	79	2.54%	Dec 30, 2013	EGRAX vs GPAIX
RDMIX	Rational/ReSolve Adaptive Asset Allocation Fund	Macro Trading	36	3.68%	Sep 29, 2016	EGRAX vs RDMIX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	12	-7.42%	Nov 27, 2006	EGRAX vs ETY

Compare EGRAX with Any Fund or Stock

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

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Eaton Vance Global Macro Absolute Return Advantage Fund Class A

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