Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX)
The fund seeks its investment objective by investing in securities, derivatives and other instruments to establish long and short investment exposures around the world. Total return is defined as income plus capital appreciation. It normally invests in multiple countries and frequently has significant exposure to foreign currencies and investments. The fund's long and short investments are primarily sovereign exposures, including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities. The fund is non-diversified.
Fund Info
US2779232642
277923264
Aug 30, 2010
$1,000,000
Expense Ratio
EGRIX has a high expense ratio of 1.05%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Global Macro Absolute Return Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance Global Macro Absolute Return Advantage Fund had a return of 3.67% year-to-date (YTD) and 11.63% in the last 12 months. Over the past 10 years, Eaton Vance Global Macro Absolute Return Advantage Fund had an annualized return of 4.89%, while the S&P 500 had an annualized return of 11.29%, indicating that Eaton Vance Global Macro Absolute Return Advantage Fund did not perform as well as the benchmark.
EGRIX
3.67%
2.38%
6.71%
11.63%
5.16%
4.89%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of EGRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.90% | 3.67% | |||||||||||
| 2024 | 1.00% | 1.38% | 2.53% | -0.66% | 2.01% | -0.66% | 1.42% | -0.56% | 0.84% | -0.74% | 1.12% | 1.51% | 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% | 2.08% | 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% | 1.43% | -1.94% |
| 2021 | 0.77% | -0.10% | -0.86% | 0.87% | 1.15% | 0.66% | -0.09% | 0.75% | -0.19% | -0.38% | -0.57% | 1.60% | 3.66% |
| 2020 | 0.96% | -0.66% | -10.49% | 5.43% | 4.04% | 1.46% | -0.29% | 2.21% | -0.56% | 0.19% | 1.70% | 1.50% | 4.70% |
| 2019 | 2.70% | 1.71% | 0.47% | 0.67% | 1.03% | 2.34% | 1.99% | -0.88% | 1.87% | 0.39% | 2.21% | 2.58% | 18.42% |
| 2018 | 1.35% | -0.57% | -0.19% | -1.34% | -1.36% | -1.38% | 0.30% | -2.39% | -0.41% | -1.44% | -1.04% | -0.15% | -8.34% |
| 2017 | 0.40% | 0.20% | 2.16% | 0.87% | 0.48% | 0.38% | -0.66% | 1.05% | -0.09% | 0.75% | 0.47% | -0.33% | 5.78% |
| 2016 | -1.54% | 0.10% | 1.67% | 0.31% | 1.13% | 0.61% | 0.40% | 2.50% | 0.39% | 0.29% | -1.36% | 1.27% | 5.86% |
| 2015 | 2.31% | 0.88% | -0.10% | 0.29% | 0.68% | -1.16% | 0.78% | -1.36% | -2.26% | 2.61% | 1.37% | 0.18% | 4.21% |
| 2014 | -0.93% | -0.10% | 1.25% | 0.41% | 1.23% | 0.20% | 1.51% | -0.30% | 1.89% | 0.39% | 1.17% | -0.56% | 6.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, EGRIX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Global Macro Absolute Return Advantage Fund provided a 5.79% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.62 | $0.34 | $0.46 | $0.50 | $0.60 | $0.73 | $0.01 | $0.33 | $0.18 | $0.65 | $0.37 |
Dividend yield | 5.79% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 7.02% | 0.06% | 3.22% | 1.78% | 6.67% | 3.70% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 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 |
| 2020 | $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 |
| 2019 | $0.08 | $0.08 | $0.08 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.73 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2014 | $0.37 | $0.37 |
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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.17% | Feb 21, 2020 | 24 | Mar 25, 2020 | 108 | Aug 27, 2020 | 132 |
| -10.18% | Feb 16, 2022 | 103 | Jul 15, 2022 | 147 | Feb 14, 2023 | 250 |
| -10.16% | Jan 29, 2018 | 213 | Nov 29, 2018 | 160 | Jul 23, 2019 | 373 |
| -8.99% | Oct 8, 2012 | 236 | Sep 17, 2013 | 338 | Jan 21, 2015 | 574 |
| -4.75% | Aug 2, 2011 | 43 | Sep 30, 2011 | 85 | Feb 2, 2012 | 128 |
Volatility
Volatility Chart
The current Eaton Vance Global Macro Absolute Return Advantage Fund volatility is 0.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.