EAASX vs. EEOFX
EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and EEOFX (Essex Environmental Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, EAASX returned 3.52%/yr vs 1.31%/yr for EEOFX. A 0.71 correlation means they provide meaningful diversification when combined. EAASX charges 1.14%/yr vs 2.11%/yr for EEOFX.
Performance
EAASX vs. EEOFX - 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 EEOFX's 20.74% 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%
EEOFX
- 1D
- -0.15%
- 1M
- -6.92%
- YTD
- 20.74%
- 6M
- 18.11%
- 1Y
- 42.43%
- 3Y*
- 12.32%
- 5Y*
- 1.31%
- 10Y*
- —
EAASX vs. EEOFX - 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% | 12.25% |
EEOFX Essex Environmental Opportunities Fund | 20.74% | 23.55% | 1.32% | -1.53% | -27.88% | 10.83% | 62.80% | 25.43% | -15.79% | 3.20% |
Correlation
The correlation between EAASX and EEOFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2017 | 0.71 |
Over the past year, the correlation between EAASX and EEOFX has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
EAASX vs. EEOFX — Risk / Return Rank
EAASX
EEOFX
EAASX vs. EEOFX - 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 Essex Environmental Opportunities Fund (EEOFX). 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 | EEOFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 3.12 | -3.50 |
| Martin ratioReturn relative to average drawdown | -0.71 | 9.51 | -10.22 |
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Drawdowns
EAASX vs. EEOFX - Drawdown Comparison
The maximum EAASX drawdown since its inception was -39.96%, smaller than the maximum EEOFX drawdown of -50.17%. Use the drawdown chart below to compare losses from any high point for EAASX and EEOFX.
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Drawdown Indicators
| EAASX | EEOFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.96% | -50.17% | +10.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -13.49% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -19.45% | -31.32% | +11.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -50.17% | +30.22% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | — | — |
Current DrawdownCurrent decline from peak | -13.27% | -8.28% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -19.56% | +15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 4.40% | +3.57% |
Volatility
EAASX vs. EEOFX - Volatility Comparison
The current volatility for Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) is 4.48%, while Essex Environmental Opportunities Fund (EEOFX) has a volatility of 10.75%. This indicates that EAASX experiences smaller price fluctuations and is considered to be less risky than EEOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAASX | EEOFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 10.75% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 18.92% | -7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 24.15% | -8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 25.30% | -8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 24.91% | -6.06% |
EAASX vs. EEOFX - Expense Ratio Comparison
EAASX has a 1.14% expense ratio, which is lower than EEOFX's 2.11% expense ratio.
Dividends
EAASX vs. EEOFX - Dividend Comparison
EAASX's dividend yield for the trailing twelve months is around 7.92%, more than EEOFX's 0.05% 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% |
EEOFX Essex Environmental Opportunities Fund | 0.05% | 0.06% | 0.00% | 0.00% | 0.01% | 6.63% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EAASX and EEOFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEOFX has higher volatility (10.75%) compared to EAASX (4.48%). In terms of maximum drawdown, EAASX dropped -39.96% vs EEOFX's -50.17%.
EEOFX currently has the higher Sharpe Ratio (1.75 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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