- ISIN
- US2779237286
- CUSIP
- 277923728
- Issuer
- Eaton Vance
- Inception Date
- Jun 26, 2007
- Category
- Nontraditional Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
EIGMX Performance Chart
Eaton Vance Global Macro Absolute Return Fund (EIGMX) is up 4.8% since the beginning of the year. EIGMX is currently trading at $9 per share. Investors who bought $1,000 worth of EIGMX shares 5 years ago would now be looking at an investment worth $1,360.
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Returns By Period
Eaton Vance Global Macro Absolute Return Fund (EIGMX) has returned 4.84% so far this year and 12.35% over the past 12 months. Over the last ten years, EIGMX has returned 5.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Eaton Vance Global Macro Absolute Return Fund
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 4.84%
- 6M
- 5.41%
- 1Y
- 12.35%
- 3Y*
- 9.23%
- 5Y*
- 6.34%
- 10Y*
- 5.00%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EIGMX Monthly Returns History
Based on dividend-adjusted daily data since Jun 27, 2007, EIGMX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 71% of months were positive and 29% were negative. The best month was May 2020 with a return of +2.7%, while the worst month was Mar 2020 at -6.7%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EIGMX closed higher 39% of trading days. The best single day was Apr 5, 2022 with a return of +1.1%, while the worst single day was Feb 25, 2022 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.44% | 1.22% | -1.33% | 1.23% | 0.44% | 0.78% | 4.84% | ||||||
| 2025 | 1.07% | 0.82% | 0.00% | 0.23% | 1.41% | 0.93% | 0.58% | 1.04% | 1.03% | 1.49% | 1.02% | 1.22% | 11.37% |
| 2024 | 0.85% | 1.09% | 1.68% | 0.00% | 1.31% | -0.12% | 0.83% | 0.11% | 0.83% | -0.24% | 0.71% | 1.33% | 8.69% |
| 2023 | 1.59% | 0.48% | -0.13% | 0.24% | 1.10% | 1.58% | 0.36% | 0.12% | -0.61% | 0.12% | 0.61% | 1.35% | 6.99% |
| 2022 | -0.27% | -1.33% | -1.95% | 1.42% | -1.00% | -1.44% | -1.72% | 2.06% | -0.88% | 0.76% | 2.40% | 1.61% | -0.47% |
| 2021 | 0.42% | 0.08% | -0.49% | 0.54% | 0.65% | 0.54% | -0.15% | 0.54% | -0.04% | -0.27% | -0.50% | 0.86% | 2.19% |
Benchmark Metrics
Eaton Vance Global Macro Absolute Return Fund has an annualized alpha of 4.10%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 27, 2007.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.73%) than losses (0.33%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.02 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 0.02 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.
- Alpha
- 4.10%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 13.73%
- Downside Capture
- 0.33%
Expense Ratio
EIGMX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EIGMX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Fund (EIGMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EIGMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.60 | ||
| Sortino ratioReturn per unit of downside risk | +7.89 | ||
| Omega ratioGain probability vs. loss probability | 3.21 | 1.37 | +1.84 |
| Calmar ratioReturn relative to maximum drawdown | 8.59 | 2.78 | +5.81 |
| Martin ratioReturn relative to average drawdown | 31.15 | 12.44 | +18.71 |
Dividends
Dividend History
Eaton Vance Global Macro Absolute Return Fund provided a 6.63% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.50 | $0.52 | $0.48 | $0.39 | $0.36 | $0.38 | $0.48 | $0.32 | $0.31 | $0.36 | $0.50 |
Dividend yield | 6.63% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.15 | $0.50 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.52 |
| 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 |
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.
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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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -9.42%Mar 2020 | 1mo 4d | 5mo 13d | 6mo 17dFeb 2020 - Sep 2020 |
Bear market2022 | -7.39%Jul 2022 | 5mo 4d | 6mo 13d | 11mo 17dFeb 2022 - Jan 2023 |
Rate-hike selloffLate 2018 | -4.58%Nov 2018 | 10mo 11d | 7mo 1d | 1y 5moJan 2018 - Jun 2019 |
Financial crisis2007–2009 | -4.02%Oct 2008 | 2mo 5d | 6mo 5d | 8mo 10dAug 2008 - Apr 2009 |
2013 pullback2013 | -3.43%Oct 2013 | 4mo 19d | 11mo 12d | 1y 3moMay 2013 - Sep 2014 |
Drawdown Indicators
| EIGMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -56.78% | +47.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -9.10% | +7.66% |
Max Drawdown (3Y)Largest decline over 3 years | -1.63% | -18.90% | +17.27% |
Max Drawdown (5Y)Largest decline over 5 years | -7.39% | -25.43% | +18.04% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | -33.92% | +24.50% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -10.71% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.03% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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