Eaton Vance Total Return Bond Fund (EIBAX)

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Eaton Vance Total Return Bond Fund (EIBAX) is up 0.5% since the beginning of the year. EIBAX is currently trading at $10 per share. Investors who bought $1,000 worth of EIBAX shares 5 years ago would now be looking at an investment worth $1,063.

Eaton Vance Total Return Bond Fund (EIBAX) has returned 0.51% so far this year and 5.84% over the past 12 months. Over the last ten years, EIBAX has returned 3.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 17, 2009, EIBAX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 63% of months were positive and 38% were negative. The best month was Aug 2010 with a return of +6.2%, while the worst month was Mar 2020 at -12.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 8 months.

On a daily basis, EIBAX closed higher 46% of trading days. The best single day was Oct 31, 2011 with a return of +2.6%, while the worst single day was Aug 11, 2011 at -3.1%.

Eaton Vance Total Return Bond Fund has an annualized alpha of 5.50%, beta of -0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 17, 2009.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.66%) than losses (3.49%) - typical of diversified or defensive assets.
• Beta of -0.04 may look defensive, but with R2 of 0.01 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 0.01 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.

EIBAX has an expense ratio of 0.49%, placing it in the medium range.

EIBAX ranks 29 for risk / return — below 29% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Eaton Vance Total Return Bond Fund provided a 5.14% dividend yield over the last twelve months, with an annual payout of $0.54 per share.

The table displays the monthly dividend distributions for Eaton Vance Total Return Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Eaton Vance Total Return Bond 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 Total Return Bond Fund was 17.20%, occurring on Mar 25, 2020. Recovery took 164 trading sessions.

The current Eaton Vance Total Return Bond Fund drawdown is 1.41%.

The chart below shows the rolling one-month volatility.