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 9.92%/yr vs 4.60%/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
Loading charts...
Returns By Period
In the year-to-date period, EAASX achieves a 3.76% return, which is significantly lower than EEIAX's 4.79% return. Over the past 10 years, EAASX has outperformed EEIAX with an annualized return of 9.92%, while EEIAX has yielded a comparatively lower 4.60% annualized return.
EAASX
- 1D
- 2.48%
- 1M
- 7.82%
- 6M
- -1.41%
- YTD
- 3.76%
- 1Y
- -2.50%
- 3Y*
- 6.69%
- 5Y*
- 5.07%
- 10Y*
- 9.92%
EEIAX
- 1D
- -0.28%
- 1M
- -0.10%
- 6M
- 3.66%
- YTD
- 4.79%
- 1Y
- 15.42%
- 3Y*
- 8.86%
- 5Y*
- 4.40%
- 10Y*
- 4.60%
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 | 3.76% | -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 | 4.79% | 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 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.05 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.16 | 7.34 | -7.50 |
Loading charts...
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.
Loading charts...
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% | -9.09% | -10.36% |
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 | -8.00% | -1.13% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -8.87% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 2.06% | +6.11% |
Volatility
EAASX vs. EEIAX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) has a higher volatility of 4.95% compared to Eaton Vance Emerging Markets Local Income Fund (EEIAX) at 1.89%. 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.
Loading charts...
Volatility by Period
| EAASX | EEIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 1.89% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 6.55% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 7.42% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 8.22% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 8.35% | +10.49% |
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 7.46%, 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 | 7.46% | 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 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAASX has higher volatility (4.95%) compared to EEIAX (1.89%). In terms of maximum drawdown, EAASX dropped -39.96% vs EEIAX's -31.70%.
EEIAX currently has the higher Sharpe Ratio (2.04 vs -0.08), 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.
Find the right allocation for EAASX and EEIAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer