EIGMX Alternatives & Similar Mutual Funds

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
PMOTX	Putnam Mortgage Opportunities Fund	0.47%	—	Apr 2015	EIGMX vs PMOTX
GMODX	GMO Opportunistic Income Fund	0.47%	—	Oct 2011	EIGMX vs GMODX
SUBFX	Carillon Reams Unconstrained Bond Fund	0.50%	—	Sep 2011	EIGMX vs SUBFX
FPFIX	FPA Flexible Fixed Income Fund	0.51%	—	Dec 2018	EIGMX vs FPFIX
PUTIX	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 2 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBYYX	Victory Pioneer Cat Bond Fund Class Y	100	—	Jan 2023	EIGMX vs CBYYX
SCFZX	PGIM Securitized Credit Fund	99	—	Jun 2019	EIGMX vs SCFZX
APFPX	Artisan Global Unconstrained Fund	99	—	Mar 2022	EIGMX vs APFPX
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	98	—	Aug 2010	EIGMX vs EGRIX
DFLEX	DoubleLine Flexible Income Fund	98	—	Apr 2014	EIGMX vs DFLEX

Top Performing EIGMX Alternatives (YTD)

EIGMX is at 4.96% YTD. There are 2 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 7.87%.

Symbol	Name	YTD Return	AUM	Inception
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	7.87%	—	Aug 2010	EIGMX vs EGRIX
PMOTX	Putnam Mortgage Opportunities Fund	5.26%	—	Apr 2015	EIGMX vs PMOTX
APFPX	Artisan Global Unconstrained Fund	4.18%	—	Mar 2022	EIGMX vs APFPX
RPIEX	T. Rowe Price Dynamic Global Bond Fund	3.29%	—	Jan 2015	EIGMX vs RPIEX
ATCSX	Anchor Risk Managed Credit Strategies Fund	3.21%	—	Sep 2015	EIGMX vs ATCSX

Lowest Volatility Alternatives to EIGMX

EIGMX has 1.88% 1-year volatility. There are 10 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.

Symbol	Name	Volatility 1Y	AUM	Inception
DCAIX	Dunham Long/Short Credit Fund	1.01%	—	Dec 2004	EIGMX vs DCAIX
CBYYX	Victory Pioneer Cat Bond Fund Class Y	1.22%	—	Jan 2023	EIGMX vs CBYYX
GMODX	GMO Opportunistic Income Fund	1.33%	—	Oct 2011	EIGMX vs GMODX
DFLEX	DoubleLine Flexible Income Fund	1.37%	—	Apr 2014	EIGMX vs DFLEX
BGCIX	BlackRock Global Long/Short Credit Fund	1.38%	—	Sep 2011	EIGMX vs BGCIX

Lowest Drawdown Alternatives to EIGMX

EIGMX has a 1-year max drawdown of -1.44%. There are 14 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
CBYYX	Victory Pioneer Cat Bond Fund Class Y	-0.09%	—	Jan 2023	EIGMX vs CBYYX
SCFZX	PGIM Securitized Credit Fund	-0.31%	—	Jun 2019	EIGMX vs SCFZX
DCAIX	Dunham Long/Short Credit Fund	-0.37%	—	Dec 2004	EIGMX vs DCAIX
GMODX	GMO Opportunistic Income Fund	-0.65%	—	Oct 2011	EIGMX vs GMODX
PADZX	PGIM Absolute Return Bond Fund	-0.86%	—	Mar 2011	EIGMX vs PADZX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EXG, EIAMX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	23	1.63%	—	Jan 2004	EIGMX vs ETG
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	30	3.51%	—	Feb 2007	EIGMX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	87	1.46%	—	Oct 2011	EIGMX vs EIAMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	4	-2.80%	—	Nov 2006	EIGMX vs ETY
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	70	1.63%	—	Jun 1993	EIGMX vs EIMAX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.33%	—	Apr 2009	EIGMX vs ESIIX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	7.65%	—	Feb 2013	EIGMX vs EELDX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	51	7.75%	—	Sep 2011	EIGMX vs EIRAX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	63	13.72%	—	Sep 1931	EIGMX vs EHSTX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	60	4.30%	—	Jun 2007	EIGMX vs EEIAX

Often Compared With EIGMX

Investors most often compare EIGMX with LSYIX, KAMIX, ASCIX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LSYIX	Lord Abbett Short Duration High Yield Fund	High Yield Bonds	79	2.34%	—	Apr 2020	EIGMX vs LSYIX
KAMIX	Kensington Managed Income Fund	Nontraditional Bonds	60	1.82%	—	May 2019	EIGMX vs KAMIX
ASCIX	Angel Oak Strategic Credit Fund	Nontraditional Bonds	80	2.44%	—	Dec 2017	EIGMX vs ASCIX
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	32	0.47%	138.10B	Sep 2003	EIGMX vs AGG
^GSPC	S&P 500 Index		61	7.60%	—	—	EIGMX vs ^GSPC
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	61	8.24%	3.32B	Jun 2007	EIGMX vs XBAL.TO
PRPFX	Permanent Portfolio Class I	Diversified Portfolio	29	2.90%	—	Dec 1982	EIGMX vs PRPFX
BTFAX	BTS Tactical Fixed Income Fund	Nontraditional Bonds	9	-1.05%	—	May 2013	EIGMX vs BTFAX
NTIIX	Navigator Tactical Investment Grade Bond Fund	Nontraditional Bonds	11	-0.88%	—	Aug 2021	EIGMX vs NTIIX
BTSIX	BTS Managed Income Fund	Nontraditional Bonds	48	1.72%	—	Dec 2018	EIGMX vs BTSIX
TUIFX	Toews Unconstrained Income Fund	Nontraditional Bonds	44	0.49%	—	Aug 2013	EIGMX vs TUIFX
AFLIX	Anfield Universal Fixed Income Fund	Nontraditional Bonds	94	1.42%	—	Jun 2013	EIGMX vs AFLIX
GZIRX	Goldman Sachs Strategic Income Fund	Nontraditional Bonds	85	1.72%	—	Jun 2010	EIGMX vs GZIRX
CLMVX	Columbia Mortgage Opportunities Fund	Nontraditional Bonds	35	0.66%	—	Apr 2014	EIGMX vs CLMVX
AGOVX	Invesco Income Fund	Nontraditional Bonds	25	0.33%	—	Apr 1987	EIGMX vs AGOVX
RCTRX	Regan Total Return Income Fund	Nontraditional Bonds	84	0.88%	—	Sep 2020	EIGMX vs RCTRX
NTBIX	Navigator Tactical Fixed Income Fund	Nontraditional Bonds	75	1.48%	—	Mar 2014	EIGMX vs NTBIX
RPIDX	T. Rowe Price Dynamic Credit Fund	Nontraditional Bonds	76	0.04%	—	Jan 2019	EIGMX vs RPIDX
PMZIX	PIMCO Mortgage Opportunities and Bond Fund	Nontraditional Bonds	39	0.39%	—	Oct 2012	EIGMX vs PMZIX
JUCIX	Janus Henderson Absolute Return Income Opportuniti...	Nontraditional Bonds	91	1.18%	—	May 2014	EIGMX vs JUCIX

Compare EIGMX with Any Fund or Stock

Compare EIGMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Eaton Vance Global Macro Absolute Return Fund (EIGMX) Alternatives