EAASX vs. EEIAX
EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and EEIAX (Eaton Vance Emerging Markets Local Income Fund) are both mutual funds - EAASX is a Mid Cap Growth Equities fund managed by Eaton Vance, while EEIAX is a Emerging Markets Bonds fund managed by Eaton Vance. Over the past 10 years, EAASX returned 9.78%/yr vs 4.91%/yr for EEIAX. At a 0.36 correlation, their price movements are largely independent. EAASX charges 1.14%/yr vs 1.19%/yr for EEIAX.
Performance
EAASX vs. EEIAX - Performance Comparison
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Returns By Period
In the year-to-date period, EAASX achieves a -2.18% return, which is significantly lower than EEIAX's 4.01% return. Over the past 10 years, EAASX has outperformed EEIAX with an annualized return of 9.78%, while EEIAX has yielded a comparatively lower 4.91% annualized return.
EAASX
- 1D
- 1.58%
- 1M
- 0.68%
- YTD
- -2.18%
- 6M
- -3.70%
- 1Y
- -5.19%
- 3Y*
- 6.99%
- 5Y*
- 3.52%
- 10Y*
- 9.78%
EEIAX
- 1D
- 0.00%
- 1M
- 0.75%
- YTD
- 4.01%
- 6M
- 4.42%
- 1Y
- 15.11%
- 3Y*
- 9.44%
- 5Y*
- 4.00%
- 10Y*
- 4.91%
EAASX vs. EEIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | -2.18% | -5.90% | 17.89% | 13.72% | -8.98% | 21.66% | 11.03% | 34.03% | -5.79% | 24.40% |
EEIAX Eaton Vance Emerging Markets Local Income Fund | 4.01% | 23.43% | -1.23% | 13.63% | -11.99% | -7.64% | 4.68% | 22.66% | -8.38% | 16.10% |
Correlation
The correlation between EAASX and EEIAX 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 | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.36 |
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Return for Risk
EAASX vs. EEIAX — Risk / Return Rank
EAASX
EEIAX
EAASX vs. EEIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) and Eaton Vance Emerging Markets Local Income Fund (EEIAX). 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.
| EAASX | EEIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.40 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.05 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.71 | 7.33 | -8.04 |
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Drawdowns
EAASX vs. EEIAX - Drawdown Comparison
The maximum EAASX drawdown since its inception was -39.96%, which is greater than EEIAX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for EAASX and EEIAX.
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Drawdown Indicators
| EAASX | EEIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.96% | -31.70% | -8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -7.40% | -7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.45% | -9.34% | -10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -25.94% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | -28.43% | -11.53% |
Current DrawdownCurrent decline from peak | -13.27% | -1.86% | -11.41% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -8.89% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 2.07% | +5.90% |
Volatility
EAASX vs. EEIAX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) has a higher volatility of 4.48% compared to Eaton Vance Emerging Markets Local Income Fund (EEIAX) at 2.07%. This indicates that EAASX's price experiences larger fluctuations and is considered to be riskier than EEIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAASX | EEIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 2.07% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 6.45% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 7.46% | +8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 8.21% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 8.38% | +10.47% |
EAASX vs. EEIAX - Expense Ratio Comparison
EAASX has a 1.14% expense ratio, which is lower than EEIAX's 1.19% expense ratio.
Dividends
EAASX vs. EEIAX - Dividend Comparison
EAASX's dividend yield for the trailing twelve months is around 7.92%, less than EEIAX's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 7.92% | 7.75% | 8.22% | 3.08% | 12.28% | 12.19% | 11.17% | 7.09% | 8.01% | 3.64% | 3.93% | 7.29% |
EEIAX Eaton Vance Emerging Markets Local Income Fund | 9.97% | 8.48% | 11.19% | 11.34% | 13.39% | 11.14% | 9.77% | 13.03% | 10.48% | 8.74% | 10.80% | 11.65% |
Frequently Asked Questions
EAASX and EEIAX 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.
EAASX has higher volatility (4.48%) compared to EEIAX (2.07%). In terms of maximum drawdown, EAASX dropped -39.96% vs EEIAX's -31.70%.
EEIAX currently has the higher Sharpe Ratio (2.06 vs -0.36), 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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