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 | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | EGRIX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | EGRIX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | EGRIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | EGRIX vs FPFIX | |
| 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 5 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | EGRIX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | EGRIX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | EGRIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | EGRIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | EGRIX vs APFPX |
Top Performing EGRIX Alternatives (YTD)
EGRIX is at 8.55% YTD. No mutual funds in the Nontraditional Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 5.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | EGRIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | EGRIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.11% | — | Mar 2022 | EGRIX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.56% | — | Jul 2021 | EGRIX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 4.28% | — | Jan 2023 | EGRIX vs CBYYX |
Lowest Volatility Alternatives to EGRIX
EGRIX has 3.59% 1-year volatility. There are 61 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | EGRIX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.07% | — | Dec 2004 | EGRIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | EGRIX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | EGRIX vs BGCIX | |
| GMO Opportunistic Income Fund | 1.43% | — | Oct 2011 | EGRIX vs GMODX |
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 | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | EGRIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | EGRIX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | EGRIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.49% | — | Dec 2004 | EGRIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | EGRIX vs GMODX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EXG, ESIIX and span 11 categories.
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.
Compare EGRIX with Any Fund or Stock
Compare EGRIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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