Eaton Vance Short Duration Diversified Income Fund (EVG)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Eaton Vance Short Duration Diversified Income Fund (EVG) is up 2.1% since the beginning of the year. EVG is currently trading at $11 per share. Investors who bought $1,000 worth of EVG shares 5 years ago would now be looking at an investment worth $1,287.

Eaton Vance Short Duration Diversified Income Fund (EVG) has returned 2.11% so far this year and 7.47% over the past 12 months. Over the last ten years, EVG has returned 6.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Feb 24, 2005, EVG's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Jan 2009 with a return of +10.6%, while the worst month was Sep 2008 at -15.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, EVG closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +17.3%, while the worst single day was Oct 6, 2008 at -12.7%.

Eaton Vance Short Duration Diversified Income Fund has an annualized alpha of 2.18%, beta of 0.35, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since February 24, 2005.

• This fund participated in 36.45% of S&P 500 Index downside but only 35.50% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.35 may look defensive, but with R2 of 0.22 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 0.22 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EVG has an expense ratio of 0.02%, which is considered low.

EVG ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Eaton Vance Short Duration Diversified Income Fund provided a 8.36% dividend yield over the last twelve months, with an annual payout of $0.89 per share.

The table displays the monthly dividend distributions for Eaton Vance Short Duration Diversified Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Eaton Vance Short Duration Diversified Income 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 Eaton Vance Short Duration Diversified Income Fund was 40.60%, occurring on Oct 10, 2008. Recovery took 233 trading sessions.

The current Eaton Vance Short Duration Diversified Income Fund drawdown is 1.29%.

The chart below shows the rolling one-month volatility.