ACFIX vs. EGRIX
Compare and contrast key facts about Water Island Credit Opportunities Fund (ACFIX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX).
ACFIX is managed by Arbitrage Fund. It was launched on Sep 30, 2012. EGRIX is managed by Eaton Vance. It was launched on Aug 30, 2010.
Performance
ACFIX vs. EGRIX - Performance Comparison
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ACFIX vs. EGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACFIX Water Island Credit Opportunities Fund | 0.63% | 4.79% | 5.51% | 6.54% | -2.70% | 3.24% | 6.71% | 5.68% | 1.85% | 1.45% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 3.59% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Returns By Period
In the year-to-date period, ACFIX achieves a 0.63% return, which is significantly lower than EGRIX's 3.59% return. Over the past 10 years, ACFIX has underperformed EGRIX with an annualized return of 3.68%, while EGRIX has yielded a comparatively higher 6.33% annualized return.
ACFIX
- 1D
- 0.20%
- 1M
- 0.00%
- YTD
- 0.63%
- 6M
- 1.51%
- 1Y
- 3.95%
- 3Y*
- 4.98%
- 5Y*
- 3.32%
- 10Y*
- 3.68%
EGRIX
- 1D
- -0.49%
- 1M
- -2.81%
- YTD
- 3.59%
- 6M
- 10.03%
- 1Y
- 19.05%
- 3Y*
- 13.09%
- 5Y*
- 8.55%
- 10Y*
- 6.33%
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ACFIX vs. EGRIX - Expense Ratio Comparison
ACFIX has a 0.98% expense ratio, which is lower than EGRIX's 1.05% expense ratio.
Return for Risk
ACFIX vs. EGRIX — Risk / Return Rank
ACFIX
EGRIX
ACFIX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Water Island Credit Opportunities Fund (ACFIX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ACFIX | EGRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 5.14 | -5.01 |
Sortino ratioReturn per unit of downside risk | 0.46 | 6.91 | -6.44 |
Omega ratioGain probability vs. loss probability | 1.38 | 2.37 | -0.99 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 6.28 | -6.08 |
Martin ratioReturn relative to average drawdown | 0.27 | 25.82 | -25.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACFIX | EGRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 5.14 | -5.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 2.15 | -1.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 1.61 | -1.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 1.29 | -0.94 |
Correlation
The correlation between ACFIX and EGRIX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ACFIX vs. EGRIX - Dividend Comparison
ACFIX's dividend yield for the trailing twelve months is around 3.77%, less than EGRIX's 6.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACFIX Water Island Credit Opportunities Fund | 3.77% | 4.17% | 4.71% | 4.00% | 3.55% | 2.59% | 2.95% | 3.52% | 2.92% | 3.01% | 2.38% | 2.91% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.42% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
Drawdowns
ACFIX vs. EGRIX - Drawdown Comparison
The maximum ACFIX drawdown since its inception was -20.82%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for ACFIX and EGRIX.
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Drawdown Indicators
| ACFIX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.82% | -14.17% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -20.82% | -2.96% | -17.86% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -10.18% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -20.82% | -14.17% | -6.65% |
Current DrawdownCurrent decline from peak | -18.84% | -2.96% | -15.88% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -1.85% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 0.72% | +14.59% |
Volatility
ACFIX vs. EGRIX - Volatility Comparison
The current volatility for Water Island Credit Opportunities Fund (ACFIX) is 0.44%, while Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) has a volatility of 1.98%. This indicates that ACFIX experiences smaller price fluctuations and is considered to be less risky than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACFIX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.98% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 2.96% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.56% | 3.67% | +29.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 3.99% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.89% | 3.95% | +6.94% |