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 a closer substitute for your current allocation.
Cheapest Alternatives to EGRAX
EGRAX charges 2.22% annually. There are 15 mutual funds in the Macro Trading category with lower expense ratios, going as low as 0.78%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 0.78% | — | Oct 1990 | EGRAX vs CGFIX | |
| Fulcrum Diversified Absolute Return Fund | 1.04% | — | Jul 2015 | EGRAX vs FARYX | |
| MFS Global Alternative Strategy Fund | 1.05% | — | Dec 2007 | EGRAX vs DVRIX | |
| BlackRock Tactical Opportunities Fund | 1.08% | — | Dec 1988 | EGRAX vs PCBAX | |
| AQR Macro Opportunities Fund | 1.20% | — | Apr 2014 | EGRAX vs QGMIX |
Best Risk-Adjusted Alternatives to EGRAX
EGRAX has a PortfoliosLab risk / return rank of 98. No mutual funds in the Macro Trading category have higher risk-adjusted ranks; the top alternatives shown here go as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 93 | — | Dec 2015 | EGRAX vs MBXAX | |
| OnTrack Core Fund | 80 | — | Jan 2013 | EGRAX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | 77 | — | Dec 1988 | EGRAX vs PCBAX | |
| Standpoint Multi-Asset Fund Investor Class | 73 | — | Dec 2019 | EGRAX vs REMIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 65 | — | Sep 2016 | EGRAX vs RDMIX |
Top Performing EGRAX Alternatives (YTD)
EGRAX is at 7.59% YTD. There are 7 mutual funds in the Macro Trading category with higher YTD returns, going as high as 15.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund | 15.08% | — | Dec 2015 | EGRAX vs MBXAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 11.86% | — | Sep 2016 | EGRAX vs RDMIX | |
| Standpoint Multi-Asset Fund Investor Class | 10.85% | — | Dec 2019 | EGRAX vs REMIX | |
| JHancock Diversified Macro Fund | 9.37% | — | Jul 2019 | EGRAX vs JDJIX | |
| BlackRock Tactical Opportunities Fund | 9.15% | — | Dec 1988 | EGRAX vs PCBAX |
Lowest Volatility Alternatives to EGRAX
EGRAX has 3.60% 1-year volatility. There is 1 mutual fund in the Macro Trading category with lower 1-year volatility, going as low as 3.09%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | 3.09% | — | Oct 1990 | EGRAX vs CGFIX | |
| MFS Global Alternative Strategy Fund | 3.72% | — | Dec 2007 | EGRAX vs DVRIX | |
| OnTrack Core Fund | 4.16% | — | Jan 2013 | EGRAX vs OTRFX | |
| Dunham Dynamic Macro Fund | 4.16% | — | Apr 2010 | EGRAX vs DNAVX | |
| BlackRock Tactical Opportunities Fund | 5.73% | — | Dec 1988 | EGRAX vs PCBAX |
Lowest Drawdown Alternatives to EGRAX
EGRAX has a 1-year max drawdown of -3.35%. There are 5 mutual funds in the Macro Trading category with shallower 1-year drawdowns, going as shallow as -2.78%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | -2.78% | — | Oct 1990 | EGRAX vs CGFIX | |
| OnTrack Core Fund | -3.02% | — | Jan 2013 | EGRAX vs OTRFX | |
| BlackRock Tactical Opportunities Fund | -3.04% | — | Dec 1988 | EGRAX vs PCBAX | |
| MFS Global Alternative Strategy Fund | -3.08% | — | Dec 2007 | EGRAX vs DVRIX | |
| Dunham Dynamic Macro Fund | -3.24% | — | Apr 2010 | EGRAX vs DNAVX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.
Often Compared With EGRAX
Investors most often compare EGRAX with DYMIX, QALTX, GPAIX. These 8 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Dynamic Alpha Macro Fund Institutional | Macro Trading | 23 | 3.29% | — | Jul 2023 | EGRAX vs DYMIX | |
| Quantified Alternative Investment Fund | Macro Trading | 59 | 4.82% | — | Aug 2013 | EGRAX vs QALTX | |
| Grant Park Multi Alternative Strategies Fund | Macro Trading | 41 | 4.21% | — | Dec 2013 | EGRAX vs GPAIX | |
| Campbell Systematic Macro Fund Class I Shares | Macro Trading | 13 | 8.33% | — | Mar 2013 | EGRAX vs EBSIX | |
| Campbell Systematic Macro Fund Class A Shares | Macro Trading | 13 | 8.23% | — | Mar 2013 | EGRAX vs EBSAX | |
| Eaton Vance Atlanta Capital SMID-Cap Fund | Mid Cap Growth Equities | 1 | -3.61% | — | Apr 2002 | EGRAX vs EISMX | |
| Eaton Vance Emerging Markets Local Income Fund | Emerging Markets Bonds | 59 | 4.01% | — | Jun 2007 | EGRAX vs EEIAX | |
| Easterly Hedged Equity Fund | Options Trading | 85 | 6.54% | — | Jul 2015 | EGRAX vs JDIEX |
Compare EGRAX with Any Fund or Stock
Compare EGRAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EGRAX with funds that move differently
Eaton Vance Global Macro Absolute Return Advantage Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EGRAX.
Explore EGRAX Diversifiers