DAIOX vs. EAIIX
DAIOX (Dunham International Opportunity Bond Fund) and EAIIX (Eaton Vance Global Bond Fund) are both Global Bonds funds. Over the past 10 years, DAIOX returned 1.01%/yr vs 2.74%/yr for EAIIX. At a 0.36 correlation, their price movements are largely independent. DAIOX charges 1.58%/yr vs 1.02%/yr for EAIIX.
Performance
DAIOX vs. EAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, DAIOX achieves a 3.14% return, which is significantly lower than EAIIX's 3.45% return. Over the past 10 years, DAIOX has underperformed EAIIX with an annualized return of 1.01%, while EAIIX has yielded a comparatively higher 2.74% annualized return.
DAIOX
- 1D
- -0.13%
- 1M
- 1.17%
- YTD
- 3.14%
- 6M
- 3.25%
- 1Y
- 6.20%
- 3Y*
- 7.22%
- 5Y*
- 1.65%
- 10Y*
- 1.01%
EAIIX
- 1D
- 0.00%
- 1M
- -0.08%
- YTD
- 3.45%
- 6M
- 3.74%
- 1Y
- 9.27%
- 3Y*
- 6.28%
- 5Y*
- 1.29%
- 10Y*
- 2.74%
DAIOX vs. EAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.14% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
EAIIX Eaton Vance Global Bond Fund | 3.45% | 13.67% | -2.81% | 8.45% | -11.29% | -5.71% | 9.33% | 6.09% | -2.67% | 10.58% |
Correlation
The correlation between DAIOX and EAIIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.36 |
The correlation between DAIOX and EAIIX shifts across timeframes, from 0.34 (1 year) to 0.53 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DAIOX vs. EAIIX — Risk / Return Rank
DAIOX
EAIIX
DAIOX vs. EAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dunham International Opportunity Bond Fund (DAIOX) and Eaton Vance Global Bond Fund (EAIIX). 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.
| DAIOX | EAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.62 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 4.07 | -1.66 |
| Martin ratioReturn relative to average drawdown | 9.99 | 14.95 | -4.96 |
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Drawdowns
DAIOX vs. EAIIX - Drawdown Comparison
The maximum DAIOX drawdown since its inception was -27.58%, which is greater than EAIIX's maximum drawdown of -25.32%. Use the drawdown chart below to compare losses from any high point for DAIOX and EAIIX.
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Drawdown Indicators
| DAIOX | EAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -25.32% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.33% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -8.35% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -23.13% | -1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -24.96% | -25.32% | +0.36% |
Current DrawdownCurrent decline from peak | -0.25% | -0.80% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -5.03% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.63% | -0.01% |
Volatility
DAIOX vs. EAIIX - Volatility Comparison
Dunham International Opportunity Bond Fund (DAIOX) and Eaton Vance Global Bond Fund (EAIIX) have volatilities of 0.87% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAIOX | EAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.91% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.51% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 3.20% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 6.54% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.51% | +0.35% |
DAIOX vs. EAIIX - Expense Ratio Comparison
DAIOX has a 1.58% expense ratio, which is higher than EAIIX's 1.02% expense ratio.
Dividends
DAIOX vs. EAIIX - Dividend Comparison
DAIOX's dividend yield for the trailing twelve months is around 3.94%, less than EAIIX's 8.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.94% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
EAIIX Eaton Vance Global Bond Fund | 8.77% | 7.44% | 4.80% | 4.42% | 4.54% | 5.37% | 6.13% | 5.69% | 4.70% | 4.43% | 5.53% | 5.89% |
Frequently Asked Questions
DAIOX and EAIIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAIIX has higher volatility (0.91%) compared to DAIOX (0.87%). In terms of maximum drawdown, DAIOX dropped -27.58% vs EAIIX's -25.32%.
EAIIX currently has the higher Sharpe Ratio (2.97 vs 1.92), 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.
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