AGEYX vs. EADOX

Last updated Aug 1, 2026

AGEYX (American Beacon Developing World Income Fund Class Y) and EADOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class A) are both Emerging Markets Bonds funds. Over the past 10 years, AGEYX returned 7.90%/yr vs 7.73%/yr for EADOX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. AGEYX charges 1.14%/yr vs 1.11%/yr for EADOX.

Performance

AGEYX vs. EADOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon Developing World Income Fund Class Y (AGEYX) and Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGEYX achieves a 7.93% return, which is significantly lower than EADOX's 8.35% return. Both investments have delivered pretty close results over the past 10 years, with AGEYX having a 7.90% annualized return and EADOX not far behind at 7.73%.

AGEYX

• 1D: 0.00%
• 1M: 0.13%
• 6M: 5.01%
• YTD: 7.93%
• 1Y: 17.67%
• 3Y*: 15.43%
• 5Y*: 8.27%
• 10Y*: 7.90%
• ALL TIME*: 6.89%

EADOX

• 1D: 0.28%
• 1M: 0.28%
• 6M: 4.99%
• YTD: 8.35%
• 1Y: 17.16%
• 3Y*: 14.30%
• 5Y*: 8.65%
• 10Y*: 7.73%
• ALL TIME*: 8.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGEYX American Beacon Developing World Income Fund Class Y	$0.00	$0.00	$0.00
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	$0.00	$0.00	$0.00

AGEYX vs. EADOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGEYX American Beacon Developing World Income Fund Class Y	7.93%	19.15%	15.85%	13.10%	-12.62%	6.91%	2.54%	13.49%	-3.42%	15.26%
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	8.35%	16.93%	14.52%	11.13%	-6.42%	1.24%	7.12%	17.85%	-4.44%	12.58%

Correlation

The correlation between AGEYX and EADOX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.60

The correlation between AGEYX and EADOX has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

Return for Risk

AGEYX vs. EADOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGEYX

AGEYX Risk / Return Rank: 99
AGEYX Sharpe Ratio Rank: 100
AGEYX Sortino Ratio Rank: 99
AGEYX Omega Ratio Rank: 99
AGEYX Calmar Ratio Rank: 97
AGEYX Martin Ratio Rank: 98

EADOX

EADOX Risk / Return Rank: 98
EADOX Sharpe Ratio Rank: 100
EADOX Sortino Ratio Rank: 99
EADOX Omega Ratio Rank: 99
EADOX Calmar Ratio Rank: 97
EADOX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGEYX vs. EADOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Developing World Income Fund Class Y (AGEYX) and Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGEYX	EADOX	Difference
Sharpe ratio: Return per unit of total volatility	4.75	5.03	-0.28
Sortino ratio: Return per unit of downside risk	7.92	7.91	0.00
Omega ratio: Gain probability vs. loss probability	2.28	2.33	-0.05
Calmar ratio: Return relative to maximum drawdown	5.62	4.77	+0.85
Martin ratio: Return relative to average drawdown	25.12	19.28	+5.84

AGEYX vs. EADOX - Sharpe Ratio Comparison

The current AGEYX Sharpe Ratio is 4.75, which is comparable to the EADOX Sharpe Ratio of 5.03. The chart below compares the historical Sharpe Ratios of AGEYX and EADOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGEYX vs. EADOX - Drawdown Comparison

The maximum AGEYX drawdown since its inception was -22.24%, which is greater than EADOX's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for AGEYX and EADOX.

Drawdown Indicators

	AGEYX	EADOX	Difference
Max Drawdown Largest peak-to-trough decline	-22.24%	-19.15%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-3.61%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-4.77%	-3.61%	-1.16%
Max Drawdown (5Y) Largest decline over 5 years	-22.24%	-17.56%	-4.68%
Max Drawdown (10Y) Largest decline over 10 years	-22.24%	-19.15%	-3.09%
Current Drawdown Current decline from peak	-0.13%	-0.06%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.50%	-2.49%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.89%	-0.19%

Volatility

AGEYX vs. EADOX - Volatility Comparison

The current volatility for American Beacon Developing World Income Fund Class Y (AGEYX) is 0.59%, while Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) has a volatility of 0.76%. This indicates that AGEYX experiences smaller price fluctuations and is considered to be less risky than EADOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGEYX	EADOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.76%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	2.98%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	3.43%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	4.58%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.97%	4.68%	+0.29%

AGEYX vs. EADOX - Expense Ratio Comparison

AGEYX has a 1.14% expense ratio, which is higher than EADOX's 1.11% expense ratio.

Dividends

AGEYX vs. EADOX - Dividend Comparison

AGEYX's dividend yield for the trailing twelve months is around 9.87%, less than EADOX's 10.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGEYX American Beacon Developing World Income Fund Class Y	9.01%	9.99%	12.16%	9.64%	7.50%	7.90%	7.34%	8.61%	9.88%	7.30%	8.43%	7.03%
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	10.41%	10.51%	8.27%	8.73%	8.87%	7.56%	7.42%	7.57%	7.83%	7.61%	4.04%	0.00%

Frequently Asked Questions

Can I hold both AGEYX and EADOX in my portfolio?

AGEYX and EADOX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGEYX or EADOX?

EADOX has higher volatility (0.76%) compared to AGEYX (0.59%). In terms of maximum drawdown, AGEYX dropped -22.24% vs EADOX's -19.15%.

Which has better risk-adjusted returns?

EADOX currently has the higher Sharpe Ratio (5.03 vs 4.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.