- ISIN
- US2779076064
- CUSIP
- 277907606
- Issuer
- BlackRock
- Inception Date
- Jun 29, 1998
- Category
- Emerging Markets Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
EITEX Performance Chart
Parametric Tax-Managed Emerging Markets Fund (EITEX) is up 9.1% since the beginning of the year. EITEX is currently trading at $53 per share. Investors who bought $1,000 worth of EITEX shares 5 years ago would now be looking at an investment worth $1,408.
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Compare this symbol against anything
Returns By Period
Parametric Tax-Managed Emerging Markets Fund (EITEX) has returned 9.06% so far this year and 21.79% over the past 12 months. Over the last ten years, EITEX has returned 6.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Parametric Tax-Managed Emerging Markets Fund
- 1D
- 1.90%
- 1M
- 0.59%
- 6M
- 1.44%
- YTD
- 9.06%
- 1Y
- 21.79%
- 3Y*
- 13.29%
- 5Y*
- 7.08%
- 10Y*
- 6.67%
- ALL TIME*
- 8.71%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EITEX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 1998, EITEX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was May 2009 with a return of +17.7%, while the worst month was Oct 2008 at -27.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EITEX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Nov 6, 2008 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.51% | 3.64% | -7.65% | 6.50% | 1.71% | -1.72% | -0.45% | 9.06% | |||||
| 2025 | 1.79% | 0.02% | 1.24% | 2.03% | 3.41% | 4.51% | 1.93% | 3.03% | 3.30% | 2.64% | -0.16% | 1.75% | 28.58% |
| 2024 | -3.26% | 3.19% | 2.00% | -0.10% | 2.04% | 0.37% | 1.24% | 1.44% | 4.11% | -3.54% | -1.69% | -0.90% | 4.67% |
| 2023 | 5.87% | -4.44% | 2.06% | 0.77% | -2.21% | 3.79% | 5.81% | -4.30% | -2.72% | -3.94% | 6.69% | 3.83% | 10.69% |
| 2022 | -0.11% | -3.22% | -0.52% | -4.70% | -0.02% | -6.98% | 1.36% | 0.02% | -8.71% | 1.55% | 10.63% | -0.83% | -12.11% |
| 2021 | 0.06% | 1.44% | 0.32% | 2.62% | 3.91% | 0.85% | -3.26% | 3.42% | -2.67% | 0.34% | -5.13% | 2.92% | 4.47% |
Benchmark Metrics
Parametric Tax-Managed Emerging Markets Fund has an annualized alpha of 4.71%, beta of 0.60, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 30, 1998.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.68%) than losses (90.17%) - typical of diversified or defensive assets.
- Beta of 0.60 may look defensive, but with R2 of 0.49 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 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.71%
- Beta
- 0.60
- R²
- 0.49
- Upside Capture
- 97.68%
- Downside Capture
- 90.17%
Expense Ratio
EITEX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EITEX ranks 54 for risk / return — above 54% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Parametric Tax-Managed Emerging Markets Fund (EITEX) 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.
| EITEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.00 | +0.06 |
| Martin ratioReturn relative to average drawdown | 6.75 | 8.49 | -1.74 |
Dividends
Dividend History
Parametric Tax-Managed Emerging Markets Fund provided a 4.38% dividend yield over the last twelve months, with an annual payout of $2.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.32 | $2.32 | $1.81 | $2.32 | $3.93 | $4.62 | $0.89 | $1.28 | $1.00 | $0.94 | $0.70 | $0.80 |
Dividend yield | 4.38% | 4.77% | 4.58% | 5.85% | 10.39% | 9.72% | 1.79% | 2.63% | 2.26% | 1.80% | 1.67% | 2.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Parametric Tax-Managed Emerging Markets 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.32 | $2.32 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.81 | $1.81 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.32 | $2.32 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.93 | $3.93 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.62 | $4.62 |
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 Parametric Tax-Managed Emerging Markets 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 Parametric Tax-Managed Emerging Markets Fund was 61.70%, occurring on Mar 2, 2009. Recovery took 528 trading sessions.
The current Parametric Tax-Managed Emerging Markets Fund drawdown is 3.67%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-61.70%Mar 2009 | 1y 4mo | 2y 1mo | 3y 5moNov 2007 - Apr 2011 | Financial crisis2007–2009 |
-46.85%Oct 2001 | 1y 7mo | 2y 3mo | 3y 10moFeb 2000 - Jan 2004 | Dot-com crash2000–2002 |
-43.10%Mar 2020 | 2y 1mo | 1y 1mo | 3y 3moJan 2018 - May 2021 | COVID crash2020 |
-35.61%Jan 2016 | 1y 4mo | 1y 7mo | 3ySep 2014 - Sep 2017 | — |
-29.68%Oct 1998 | 2mo 16d | 6mo 12d | 8mo 28dJul 1998 - Apr 1999 | — |
Drawdown Indicators
| EITEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.70% | -56.78% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -9.10% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.86% | -18.90% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -25.43% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -43.10% | -33.92% | -9.18% |
Current DrawdownCurrent decline from peak | -3.67% | -1.58% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -10.70% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.14% | +0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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