- ISIN
- US2779232642
- CUSIP
- 277923264
- Issuer
- Eaton Vance
- Inception Date
- Aug 30, 2010
- Category
- Nontraditional Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
EGRIX Performance Chart
Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) is up 8.6% since the beginning of the year. EGRIX is currently trading at $13 per share. Investors who bought $1,000 worth of EGRIX shares 5 years ago would now be looking at an investment worth $1,540.
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Returns By Period
Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) has returned 8.64% so far this year and 18.83% over the past 12 months. Over the last ten years, EGRIX has returned 6.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Eaton Vance Global Macro Absolute Return Advantage Fund
- 1D
- 0.16%
- 1M
- 0.16%
- 6M
- 4.18%
- YTD
- 8.64%
- 1Y
- 18.83%
- 3Y*
- 13.26%
- 5Y*
- 9.02%
- 10Y*
- 6.57%
- ALL TIME*
- 5.31%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EGRIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 1, 2010, EGRIX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 64% of months were positive and 36% 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, EGRIX closed higher 47% of trading days. The best single day was Feb 28, 2022 with a return of +1.3%, while the worst single day was Feb 24, 2022 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.28% | 2.21% | -2.97% | 2.15% | 0.65% | 1.45% | 0.71% | 8.64% | |||||
| 2025 | 2.90% | 1.22% | 0.56% | 0.37% | 2.11% | 1.44% | 0.89% | 1.49% | 1.65% | 2.39% | 1.58% | 2.12% | 20.36% |
| 2024 | 1.00% | 1.38% | 2.53% | -0.66% | 2.01% | -0.66% | 1.42% | -0.56% | 0.84% | -0.74% | 1.12% | 1.50% | 9.50% |
| 2023 | 2.51% | 0.31% | -0.51% | 0.20% | 1.83% | 2.10% | 0.20% | 0.20% | -1.56% | -0.20% | 0.99% | 2.07% | 8.37% |
| 2022 | -0.68% | -0.89% | -1.99% | 1.82% | -1.49% | -2.83% | -2.08% | 3.18% | -1.85% | 1.05% | 2.59% | 1.44% | -1.94% |
| 2021 | 0.77% | -0.10% | -0.86% | 0.87% | 1.15% | 0.66% | -0.09% | 0.75% | -0.19% | -0.38% | -0.56% | 1.60% | 3.66% |
Benchmark Metrics
Eaton Vance Global Macro Absolute Return Advantage Fund has an annualized alpha of 4.68%, beta of 0.05, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since September 01, 2010.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.58%) than losses (9.33%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.05 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 0.05 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
- 4.68%
- Beta
- 0.05
- R²
- 0.05
- Upside Capture
- 20.58%
- Downside Capture
- 9.33%
Expense Ratio
EGRIX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EGRIX ranks 98 for risk / return — above 98% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) 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.
| EGRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.94 | ||
| Sortino ratioReturn per unit of downside risk | +5.66 | ||
| Omega ratioGain probability vs. loss probability | 2.38 | 1.25 | +1.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 2.00 | +3.71 |
| Martin ratioReturn relative to average drawdown | 20.55 | 8.49 | +12.06 |
Dividends
Dividend History
Eaton Vance Global Macro Absolute Return Advantage Fund provided a 6.13% 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 | $0.62 | $0.34 | $0.46 | $0.50 | $0.60 | $0.43 | $0.01 | $0.33 | $0.18 | $0.65 |
Dividend yield | 6.13% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Global Macro Absolute Return Advantage Fund. 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 | $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 | $0.62 | $0.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
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. 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 was 14.17%, occurring on Mar 25, 2020. Recovery took 108 trading sessions.
The current Eaton Vance Global Macro Absolute Return Advantage Fund drawdown is 0.08%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.17%Mar 2020 | 1mo 3d | 5mo 5d | 6mo 8dFeb 2020 - Aug 2020 | COVID crash2020 |
-10.18%Jul 2022 | 5mo 4d | 7mo 4d | 1y 3dFeb 2022 - Feb 2023 | Bear market2022 |
-10.16%Nov 2018 | 10mo 4d | 11mo 13d | 1y 9moJan 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-6.21%Sep 2013 | 4mo 3d | 11mo 29d | 1y 3moMay 2013 - Sep 2014 | — |
-4.75%Sep 2011 | 1mo 29d | 4mo 5d | 6mo 4dAug 2011 - Feb 2012 | — |
Drawdown Indicators
| EGRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.17% | -56.78% | +42.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -9.10% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.37% | -18.90% | +15.53% |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | -25.43% | +15.25% |
Max Drawdown (10Y)Largest decline over 10 years | -14.17% | -33.92% | +19.75% |
Current DrawdownCurrent decline from peak | -0.08% | -1.58% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -10.70% | +8.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.14% | -1.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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