Eaton Vance Balanced Fund (EVIFX)

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Eaton Vance Balanced Fund (EVIFX) is up 4.2% since the beginning of the year. EVIFX is currently trading at $13 per share. Investors who bought $1,000 worth of EVIFX shares 5 years ago would now be looking at an investment worth $1,452.

Eaton Vance Balanced Fund (EVIFX) has returned 4.17% so far this year and 13.24% over the past 12 months. Over the last ten years, EVIFX has returned 9.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, EVIFX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.

Historically, 65% of months were positive and 35% were negative. The best month was Aug 1982 with a return of +9.9%, while the worst month was Oct 2008 at -13.5%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 6 months.

On a daily basis, EVIFX closed higher 44% of trading days. The best single day was Dec 12, 2000 with a return of +31.1%, while the worst single day was Dec 11, 2000 at -20.2%.

Eaton Vance Balanced Fund has an annualized alpha of 1.89%, beta of 0.52, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 03, 1980.

• This fund participated in 73.26% of S&P 500 Index downside but only 65.36% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.52 may look defensive, but with R2 of 0.46 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 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

EVIFX has a high expense ratio of 0.97%, indicating above-average management fees.

EVIFX ranks 32 for risk / return — below 32% 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.

The table below present risk-adjusted performance metrics for Eaton Vance Balanced Fund (EVIFX) and compare them to S&P 500 Index.

Eaton Vance Balanced Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.64 per share.

The table displays the monthly dividend distributions for Eaton Vance Balanced 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 Balanced 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 Balanced Fund was 42.70%, occurring on Mar 9, 2009. Recovery took 883 trading sessions.

The chart below shows the rolling one-month volatility.