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Eaton Vance Enhanced Equity Income Fund II (EOS) Sharpe Ratio: 0.18

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation, by investing in primarily large- and midcap securities with above-average growth and financial strength and writing call options on individual securities to generate current earnings from option premiums.

EOS's Sharpe Ratio of 0.18 indicates that for each unit of volatility, it generates 0.18 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

EOS Sharpe Ratio Rank

EOS Sharpe Ratio Rank: 3.94
Concerning

EOS ranks above 3.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

EOS Sharpe Ratio Market Positioning

The chart shows EOS's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Eaton Vance Enhanced Equity Income Fund II's Sharpe Ratio with other mutual funds in the Derivative Income category across multiple time periods, showing how EOS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CIIBlackRock Enhanced Large Cap Core Fund2.66
NIEVirtus Equity & Convertible Income Fund2.36
SCAUXInvesco Income Advantage U.S. Fund2.11
BMCIXBlackRock High Equity Income Fund2.07
BMEAXBlackRock High Equity Income Fund Class A2.04
TCBIXThe Covered Bridge Fund2.01
PUTWWisdomTree Equity Premium Income Fund2.00
QQQXNuveen Nasdaq 100 Dynamic Overwrite Fund1.95
CLPAXCatalyst Nasdaq-100 Hedged Equity Fund1.87
SCJIXCrossmark Steward Covered Call Income Fund1.82
EOSEaton Vance Enhanced Equity Income Fund II0.18

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows EOS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EOS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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