EGRIX Alternatives & Similar Mutual Funds

Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EGRIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EGRIX

EGRIX charges 1.05% annually. There are 44 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.

Symbol	Name	Expense Ratio	AUM	Inception
GMODX	GMO Opportunistic Income Fund	0.47%	—	Oct 2011	EGRIX vs GMODX
PMOTX	Putnam Mortgage Opportunities Fund	0.47%	—	Apr 2015	EGRIX vs PMOTX
SUBFX	Carillon Reams Unconstrained Bond Fund	0.50%	—	Sep 2011	EGRIX vs SUBFX
FPFIX	FPA Flexible Fixed Income Fund	0.51%	—	Dec 2018	EGRIX vs FPFIX
PUTIX	PIMCO Strategic Bond Fund	0.51%	—	Jan 2009	EGRIX vs PUTIX

Best Risk-Adjusted Alternatives to EGRIX

EGRIX has a PortfoliosLab risk / return rank of 98. There are 4 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBYYX	Victory Pioneer Cat Bond Fund Class Y	100	—	Jan 2023	EGRIX vs CBYYX
SCFZX	PGIM Securitized Credit Fund	100	—	Jun 2019	EGRIX vs SCFZX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	99	—	Jun 2007	EGRIX vs EIGMX
APFPX	Artisan Global Unconstrained Fund	99	—	Mar 2022	EGRIX vs APFPX
DFLEX	DoubleLine Flexible Income Fund	98	—	Apr 2014	EGRIX vs DFLEX

Top Performing EGRIX Alternatives (YTD)

EGRIX is at 8.64% YTD. No mutual funds in the Nontraditional Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 5.58%.

Symbol	Name	YTD Return	AUM	Inception
PMOTX	Putnam Mortgage Opportunities Fund	5.58%	—	Apr 2015	EGRIX vs PMOTX
EIGMX	Eaton Vance Global Macro Absolute Return Fund	5.42%	—	Jun 2007	EGRIX vs EIGMX
APFPX	Artisan Global Unconstrained Fund	4.47%	—	Mar 2022	EGRIX vs APFPX
RPIEX	T. Rowe Price Dynamic Global Bond Fund	4.15%	—	Jan 2015	EGRIX vs RPIEX
CBYYX	Victory Pioneer Cat Bond Fund Class Y	3.55%	—	Jan 2023	EGRIX vs CBYYX

Lowest Volatility Alternatives to EGRIX

EGRIX has 3.56% 1-year volatility. There are 59 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.

Symbol	Name	Volatility 1Y	AUM	Inception
DCAIX	Dunham Long/Short Credit Fund	1.01%	—	Dec 2004	EGRIX vs DCAIX
CBYYX	Victory Pioneer Cat Bond Fund Class Y	1.22%	—	Jan 2023	EGRIX vs CBYYX
GMODX	GMO Opportunistic Income Fund	1.32%	—	Oct 2011	EGRIX vs GMODX
BGCIX	BlackRock Global Long/Short Credit Fund	1.34%	—	Sep 2011	EGRIX vs BGCIX
DFLEX	DoubleLine Flexible Income Fund	1.38%	—	Apr 2014	EGRIX vs DFLEX

Lowest Drawdown Alternatives to EGRIX

EGRIX has a 1-year max drawdown of -3.37%. There are 62 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CBYYX	Victory Pioneer Cat Bond Fund Class Y	-0.09%	—	Jan 2023	EGRIX vs CBYYX
SCFZX	PGIM Securitized Credit Fund	-0.31%	—	Jun 2019	EGRIX vs SCFZX
DCAIX	Dunham Long/Short Credit Fund	-0.37%	—	Dec 2004	EGRIX vs DCAIX
GMODX	GMO Opportunistic Income Fund	-0.65%	—	Oct 2011	EGRIX vs GMODX
PADZX	PGIM Absolute Return Bond Fund	-0.86%	—	Mar 2011	EGRIX vs PADZX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EXG, ETY and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	24	4.10%	—	Jan 2004	EGRIX vs ETG
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	36	6.68%	—	Feb 2007	EGRIX vs EXG
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	3	-1.65%	—	Nov 2006	EGRIX vs ETY
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	94	2.78%	—	Apr 2009	EGRIX vs ESIIX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	89	1.90%	—	Oct 2011	EGRIX vs EIAMX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.49%	—	Feb 2013	EGRIX vs EELDX
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	77	1.94%	—	Jun 1993	EGRIX vs EIMAX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	53	7.87%	—	Sep 2011	EGRIX vs EIRAX
EIPCX	Parametric Commodity Strategy Fund Class I	Commodities	74	17.04%	—	May 2011	EGRIX vs EIPCX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	71	15.15%	—	Sep 1931	EGRIX vs EHSTX

Often Compared With EGRIX

Investors most often compare EGRIX with EADOX, E, JSOSX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EADOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.42%	—	Sep 2015	EGRIX vs EADOX
E	Eni S.p.A.		91	33.32%	—	—	EGRIX vs E
JSOSX	JPMorgan Strategic Income Opportunities Fund Class...	Total Bond Market	99	1.55%	—	Oct 2008	EGRIX vs JSOSX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.57%	—	Sep 2015	EGRIX vs EIDOX
AVALX	Aegis Value Fund	Small Cap Value Equities	90	13.99%	—	May 1998	EGRIX vs AVALX
QLENX	AQR Long-Short Equity Fund Class N	Long-Short, Actively Managed	58	-1.80%	—	Jul 2013	EGRIX vs QLENX
AWF	AllianceBernstein Global High Income Closed Fund	High Yield Bonds	3	-1.22%	—	Jul 1993	EGRIX vs AWF
QLEIX	AQR Long-Short Equity Fund	Long-Short	61	-1.65%	—	Jul 2013	EGRIX vs QLEIX
RMDFX	Aspiriant Defensive Allocation Fund	Multistrategy	96	6.57%	—	Dec 2015	EGRIX vs RMDFX
PMFYX	Pioneer Multi-Asset Income Fund	Global Allocation	82	6.28%	—	Dec 2011	EGRIX vs PMFYX
BINC	iShares Flexible Income Active ETF	Multisector Bonds	71	1.13%	16.07B	May 2023	EGRIX vs BINC
RCTIX	River Canyon Total Return Bond Fund	Short-Term Bond	82	1.32%	—	Dec 2014	EGRIX vs RCTIX
SGGDX	First Eagle Gold Fund	Gold, Precious Metals	23	-8.70%	—	Aug 1993	EGRIX vs SGGDX
PWRIX	Donoghue Forlines Tactical Income Fund	Nontraditional Bonds	17	0.30%	—	Sep 2010	EGRIX vs PWRIX
EIFVX	Eaton Vance Focused Value Opportunities Fund	Large Cap Value Equities	78	17.81%	—	Mar 2011	EGRIX vs EIFVX
PDINX	Putnam Diversified Income Trust	Nontraditional Bonds	38	1.67%	—	Oct 1988	EGRIX vs PDINX
AFLIX	Anfield Universal Fixed Income Fund	Nontraditional Bonds	95	1.47%	—	Jun 2013	EGRIX vs AFLIX
SPATX	Symmetry Panoramic Alternatives Fund	Multistrategy	98	7.48%	—	Nov 2018	EGRIX vs SPATX
NSBDX	North Star Bond Fund	Nontraditional Bonds	58	1.66%	—	Dec 2014	EGRIX vs NSBDX
WAVLX	Wavelength Interest Rate Neutral Fund	Nontraditional Bonds	67	2.57%	—	Sep 2013	EGRIX vs WAVLX

Compare EGRIX with Any Fund or Stock

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

Symbol name

Diversifiers

Pair EGRIX with funds that move differently

Eaton Vance Global Macro Absolute Return Advantage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EGRIX.

Explore EGRIX Diversifiers

Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) Alternatives