Parametric Commodity Strategy Fund Class I (EIPCX)
The Fund uses a rules-based, top-down process to invest in 32 commodities, taking advantage of quantitative and behavioral characteristics of commodity markets. The portfolio is rebalanced systematically to target weights, which captures a "rebalancing alpha" independently of forward-looking views.
Fund Info
| ISIN | US2779232238 |
|---|---|
| CUSIP | 277923223 |
| Issuer | Eaton Vance |
| Inception Date | May 25, 2011 |
| Category | Commodities |
| Asset Class | Commodity |
Expense Ratio
EIPCX has a high expense ratio of 0.66%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parametric Commodity Strategy Fund Class I, 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
Parametric Commodity Strategy Fund Class I had a return of 8.28% year-to-date (YTD) and 8.40% in the last 12 months. Over the past 10 years, Parametric Commodity Strategy Fund Class I had an annualized return of 2.49%, while the S&P 500 had an annualized return of 10.41%, indicating that Parametric Commodity Strategy Fund Class I did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.28% | 6.17% |
| 1 month | 1.10% | -2.72% |
| 6 months | 4.81% | 17.29% |
| 1 year | 8.40% | 23.80% |
| 5 years (annualized) | 12.35% | 11.47% |
| 10 years (annualized) | 2.49% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.35% | -0.50% | 4.86% | 3.83% | ||||||||
| 2023 | -0.63% | -1.26% | -1.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EIPCX is 31, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Parametric Commodity Strategy Fund Class I(EIPCX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Parametric Commodity Strategy Fund Class I granted a 3.41% dividend yield in the last twelve months. The annual payout for that period amounted to $0.22 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.96 | $0.87 | $0.17 | $0.08 | $0.04 | $0.28 | $0.36 |
Dividend yield | 3.41% | 3.69% | 14.93% | 13.83% | 3.10% | 1.54% | 0.87% | 5.14% | 6.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Parametric Commodity Strategy Fund Class I. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 |
| 2016 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Parametric Commodity Strategy Fund Class I. 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 Parametric Commodity Strategy Fund Class I was 54.05%, occurring on Mar 18, 2020. Recovery took 492 trading sessions.
The current Parametric Commodity Strategy Fund Class I drawdown is 7.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.05% | Jul 27, 2011 | 2174 | Mar 18, 2020 | 492 | Mar 1, 2022 | 2666 |
| -18% | Apr 19, 2022 | 60 | Jul 14, 2022 | — | — | — |
| -10.27% | Mar 9, 2022 | 6 | Mar 16, 2022 | 22 | Apr 18, 2022 | 28 |
| -5.7% | Jun 10, 2011 | 12 | Jun 27, 2011 | 11 | Jul 13, 2011 | 23 |
| -0.78% | Jul 20, 2011 | 2 | Jul 21, 2011 | 1 | Jul 22, 2011 | 3 |
Volatility
Volatility Chart
The current Parametric Commodity Strategy Fund Class I volatility is 2.67%, 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.