Eaton Vance Balanced Fund (EVIFX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EVIFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVIFX
EVIFX charges 0.97% annually. There are 392 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | EVIFX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | EVIFX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | EVIFX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | EVIFX vs BWBIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | EVIFX vs FYMIX |
Best Risk-Adjusted Alternatives to EVIFX
EVIFX has a PortfoliosLab risk / return rank of 32. There are 490 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | EVIFX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | EVIFX vs TIBIX | |
| Allspring Diversified Capital Builder Fund | 97 | — | Jan 1998 | EVIFX vs EKBAX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | EVIFX vs NWQIX | |
| Fidelity Strategic Real Return Fund Class K6 | 96 | — | Sep 2005 | EVIFX vs FSRKX |
Top Performing EVIFX Alternatives (YTD)
EVIFX is at 4.17% YTD. There are 439 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 36.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 36.56% | — | Jan 1998 | EVIFX vs EKBAX | |
| Greenspring Fund | 21.59% | — | Jun 1983 | EVIFX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 17.96% | — | Dec 2002 | EVIFX vs TIBIX | |
| MH Elite Small Cap Fund of Funds Fund | 17.65% | — | Aug 1998 | EVIFX vs MHELX | |
| Disciplined Growth Investors Fund | 17.45% | — | Aug 2011 | EVIFX vs DGIFX |
Lowest Volatility Alternatives to EVIFX
EVIFX has 8.30% 1-year volatility. There are 295 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | EVIFX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.63% | — | Apr 2012 | EVIFX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | EVIFX vs SICIX | |
| Ave Maria Bond Fund | 2.93% | — | Apr 2003 | EVIFX vs AVEFX | |
| American Funds College 2027 Fund | 3.03% | — | Sep 2012 | EVIFX vs CSTAX |
Lowest Drawdown Alternatives to EVIFX
EVIFX has a 1-year max drawdown of -7.26%. There are 373 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | EVIFX vs STDAX | |
| Fidelity Strategic Real Return Fund Class K6 | -1.93% | — | Sep 2005 | EVIFX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | -1.94% | — | Oct 2018 | EVIFX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | -1.99% | — | Sep 2005 | EVIFX vs FCSRX | |
| Fidelity Strategic Real Return Fund | -2.05% | — | Sep 2005 | EVIFX vs FSRRX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.
Often Compared With EVIFX
Investors most often compare EVIFX with VOO, E, SPY. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare EVIFX with Any Fund or Stock
Compare EVIFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVIFX with funds that move differently
Eaton Vance Balanced Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVIFX.
Explore EVIFX Diversifiers