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 395 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 | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | EVIFX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | EVIFX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | EVIFX vs BWBIX |
Best Risk-Adjusted Alternatives to EVIFX
EVIFX has a PortfoliosLab risk / return rank of 22. There are 516 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 | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | EVIFX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | EVIFX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | EVIFX vs FSRRX |
Top Performing EVIFX Alternatives (YTD)
EVIFX is at 2.97% YTD. There are 488 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | EVIFX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | EVIFX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | EVIFX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | EVIFX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | EVIFX vs BRUFX |
Lowest Volatility Alternatives to EVIFX
EVIFX has 9.09% 1-year volatility. There are 303 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 Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | EVIFX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | EVIFX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | EVIFX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | EVIFX vs CSTAX |
Lowest Drawdown Alternatives to EVIFX
EVIFX has a 1-year max drawdown of -7.26%. There are 374 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 | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | EVIFX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | EVIFX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | EVIFX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | EVIFX vs CSTAX |
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 7 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