Eaton Vance Government Opportunities Fund (EVGOX)

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Eaton Vance Government Opportunities Fund (EVGOX) is up 0.0% since the beginning of the year. EVGOX is currently trading at $5 per share. Investors who bought $1,000 worth of EVGOX shares 5 years ago would now be looking at an investment worth $1,065.

Eaton Vance Government Opportunities Fund (EVGOX) has returned 0.01% so far this year and 5.18% over the past 12 months. Over the last ten years, EVGOX has returned 1.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 24, 1984, EVGOX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +4.0%, while the worst month was Oct 2024 at -3.4%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 9 months.

On a daily basis, EVGOX closed higher 33% of trading days. The best single day was Jan 7, 1985 with a return of +16.6%, while the worst single day was Aug 30, 1985 at -14.1%.

Eaton Vance Government Opportunities Fund has an annualized alpha of 4.72%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 24, 1984.

• This fund captured 9.65% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.62%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

EVGOX has a high expense ratio of 1.05%, indicating above-average management fees.

EVGOX ranks 20 for risk / return — below 20% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Eaton Vance Government Opportunities Fund provided a 5.50% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Eaton Vance Government Opportunities 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 Government Opportunities 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 Government Opportunities Fund was 23.97%, occurring on Apr 7, 1989. Recovery took 639 trading sessions.

The current Eaton Vance Government Opportunities Fund drawdown is 1.94%.

The chart below shows the rolling one-month volatility.