Eaton Vance Short Duration Diversified Income Fund (EVG) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EVG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVG
EVG charges 0.02% annually. No mutual funds in the Multisector Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| MFS Multimarket Income Trust | 0.03% | — | Mar 1987 | EVG vs MMT | |
| Nuveen Multi-Market Income Fund | 0.04% | — | Dec 1988 | EVG vs JMM | |
| KKR Income Opportunities Fund | 0.04% | — | Jul 2013 | EVG vs KIO | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | EVG vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | EVG vs VMSAX |
Best Risk-Adjusted Alternatives to EVG
EVG has a PortfoliosLab risk / return rank of 16. There are 80 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | EVG vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | EVG vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | EVG vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | EVG vs RFXIX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | EVG vs ICMUX |
Top Performing EVG Alternatives (YTD)
EVG is at 3.82% YTD. There are 5 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Brookfield Real Assets Income Fund Inc. | 5.96% | — | — | EVG vs RA | |
| abrdn Income Credit Strategies Fund | 4.98% | — | Jan 2011 | EVG vs ACP | |
| KKR Income Opportunities Fund | 4.73% | — | Jul 2013 | EVG vs KIO | |
| Saba Capital Income & Opportunities Fund | 4.46% | — | Dec 1987 | EVG vs BRW | |
| Western Asset Diversified Income Fund | 3.94% | — | Jun 2021 | EVG vs WDI |
Lowest Volatility Alternatives to EVG
EVG has 8.36% 1-year volatility. There are 87 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.18% | — | Nov 2015 | EVG vs NWXHX | |
| Nationwide Strategic Income A | 1.23% | — | Nov 2015 | EVG vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.30% | — | Jul 2016 | EVG vs BWDTX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | EVG vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 1.41% | — | Jan 2018 | EVG vs CBLDX |
Lowest Drawdown Alternatives to EVG
EVG has a 1-year max drawdown of -5.03%. There are 82 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | EVG vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | EVG vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | EVG vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | EVG vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | EVG vs BWDTX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 10 categories.
Often Compared With EVG
Investors most often compare EVG with VGI, TQPAX, TSI. These 18 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare EVG with Any Fund or Stock
Compare EVG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVG with funds that move differently
Eaton Vance Short Duration Diversified Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVG.
Explore EVG Diversifiers