Eaton Vance Global Macro Absolute Return Fund (EIGMX)
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. It is non-diversified.
Fund Info
US2779237286
277923728
Jun 26, 2007
$1,000,000
Expense Ratio
EIGMX features an expense ratio of 0.76%, falling within the medium range.
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 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 Fund had a return of 0.36% year-to-date (YTD) and 8.08% in the last 12 months. Over the past 10 years, Eaton Vance Global Macro Absolute Return Fund had an annualized return of 3.72%, while the S&P 500 had an annualized return of 11.24%, indicating that Eaton Vance Global Macro Absolute Return Fund did not perform as well as the benchmark.
EIGMX
0.36%
0.24%
2.41%
8.08%
3.95%
3.72%
^GSPC (Benchmark)
0.62%
-2.22%
5.05%
24.42%
12.67%
11.24%
Monthly Returns
The table below presents the monthly returns of EIGMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.85% | 1.09% | 1.69% | 0.00% | 1.32% | -0.12% | 0.84% | 0.12% | 0.84% | -0.24% | 0.72% | 0.36% | 7.70% |
| 2023 | 1.60% | 0.49% | -0.12% | 0.24% | 1.11% | 1.58% | 0.36% | 0.12% | -0.61% | 0.12% | 0.61% | 1.35% | 7.05% |
| 2022 | -0.27% | -1.32% | -1.94% | 1.42% | -1.00% | -1.45% | -1.72% | 2.06% | -0.88% | 0.76% | 2.41% | 1.62% | -0.43% |
| 2021 | 0.42% | 0.08% | -0.49% | 0.54% | 0.66% | 0.54% | -0.15% | 0.54% | -0.03% | -0.26% | -0.50% | 0.86% | 2.22% |
| 2020 | 0.71% | -0.42% | -6.68% | 2.61% | 2.72% | 1.14% | 0.08% | 1.24% | -0.15% | 0.20% | 1.47% | 0.96% | 3.61% |
| 2019 | 1.29% | 0.70% | -0.00% | 0.23% | 0.58% | 1.49% | 1.47% | -0.48% | 1.01% | 0.15% | 1.30% | 1.61% | 9.76% |
| 2018 | 0.72% | -0.26% | -0.04% | -0.60% | -0.60% | -0.61% | 0.18% | -1.07% | -0.16% | -0.62% | -0.40% | 0.12% | -3.29% |
| 2017 | 0.29% | 0.07% | 1.18% | 0.51% | 0.29% | 0.28% | -0.15% | 0.62% | 0.07% | 0.62% | 0.39% | 0.07% | 4.29% |
| 2016 | -0.96% | 0.12% | 1.04% | 0.36% | 0.70% | 0.25% | 0.48% | 1.37% | 0.29% | 0.28% | -0.70% | 0.73% | 4.01% |
| 2015 | 1.21% | 0.75% | -0.07% | 0.34% | 0.35% | -0.62% | 0.35% | -0.83% | -1.28% | 1.47% | 0.68% | 0.29% | 2.63% |
| 2014 | -0.50% | -0.21% | 0.79% | 0.13% | 0.68% | 0.02% | 1.00% | -0.18% | 0.88% | 0.25% | 0.56% | -0.40% | 3.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, EIGMX is among the top 2% 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 Fund (EIGMX) 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 Fund provided a 5.22% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.48 | $0.39 | $0.36 | $0.39 | $0.48 | $0.32 | $0.31 | $0.36 | $0.50 | $0.39 |
Dividend yield | 5.22% | 5.24% | 5.84% | 4.80% | 4.21% | 4.40% | 5.44% | 3.72% | 3.42% | 4.03% | 5.55% | 4.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Global Macro Absolute Return 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 | |||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.44 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.39 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.11 | $0.48 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.15 | $0.50 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
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 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 Fund was 9.42%, occurring on Mar 25, 2020. Recovery took 114 trading sessions.
The current Eaton Vance Global Macro Absolute Return Fund drawdown is 0.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.42% | Feb 18, 2020 | 27 | Mar 25, 2020 | 114 | Sep 4, 2020 | 141 |
| -7.38% | Feb 11, 2022 | 106 | Jul 15, 2022 | 132 | Jan 24, 2023 | 238 |
| -4.58% | Jan 22, 2018 | 218 | Nov 29, 2018 | 144 | Jun 28, 2019 | 362 |
| -4.02% | Aug 6, 2008 | 47 | Oct 10, 2008 | 125 | Apr 13, 2009 | 172 |
| -3.42% | May 16, 2013 | 97 | Oct 2, 2013 | 235 | Sep 9, 2014 | 332 |
Volatility
Volatility Chart
The current Eaton Vance Global Macro Absolute Return Fund volatility is 1.11%, 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.