Eaton Vance Global Macro Absolute Return Fund (EIGMX) 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 EIGMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EIGMX
EIGMX charges 0.76% annually. There are 21 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 | EIGMX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | EIGMX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | EIGMX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | EIGMX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | EIGMX vs PUTIX |
Best Risk-Adjusted Alternatives to EIGMX
EIGMX has a PortfoliosLab risk / return rank of 99. There are 3 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 | EIGMX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | EIGMX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | EIGMX vs SCFZX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | EIGMX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | EIGMX vs EGRIX |
Top Performing EIGMX Alternatives (YTD)
EIGMX is at 5.42% YTD. There are 2 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.55% | — | Aug 2010 | EIGMX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | EIGMX vs PMOTX | |
| Artisan Global Unconstrained Fund | 5.11% | — | Mar 2022 | EIGMX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.56% | — | Jul 2021 | EIGMX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 4.28% | — | Jan 2023 | EIGMX vs CBYYX |
Lowest Volatility Alternatives to EIGMX
EIGMX has 1.90% 1-year volatility. There are 12 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 | EIGMX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.07% | — | Dec 2004 | EIGMX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | EIGMX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | EIGMX vs BGCIX | |
| GMO Opportunistic Income Fund | 1.43% | — | Oct 2011 | EIGMX vs GMODX |
Lowest Drawdown Alternatives to EIGMX
EIGMX has a 1-year max drawdown of -1.44%. There are 13 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 | EIGMX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | EIGMX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | EIGMX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.49% | — | Dec 2004 | EIGMX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | EIGMX 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 EIGMX
Investors most often compare EIGMX with LSYIX, KAMIX, ASCIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare EIGMX with Any Fund or Stock
Compare EIGMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EIGMX with funds that move differently
Eaton Vance Global Macro Absolute Return Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EIGMX.
Explore EIGMX Diversifiers