EAASX vs. EGRIX
EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both mutual funds - EAASX is a Mid Cap Growth Equities fund managed by Eaton Vance, while EGRIX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EAASX returned 9.92%/yr vs 6.50%/yr for EGRIX. At a 0.17 correlation, their price movements are largely independent. EAASX charges 1.14%/yr vs 1.05%/yr for EGRIX.
Performance
EAASX vs. EGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, EAASX achieves a 3.76% return, which is significantly lower than EGRIX's 8.13% return. Over the past 10 years, EAASX has outperformed EGRIX with an annualized return of 9.92%, while EGRIX has yielded a comparatively lower 6.50% 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%
EGRIX
- 1D
- -0.08%
- 1M
- 0.32%
- 6M
- 6.13%
- YTD
- 8.13%
- 1Y
- 19.10%
- 3Y*
- 13.08%
- 5Y*
- 9.02%
- 10Y*
- 6.50%
EAASX vs. EGRIX - 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% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 8.13% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Correlation
The correlation between EAASX and EGRIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.17 |
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Return for Risk
EAASX vs. EGRIX — Risk / Return Rank
EAASX
EGRIX
EAASX vs. EGRIX - 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 Global Macro Absolute Return Advantage Fund (EGRIX). 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 | EGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.42 | ||
| Sortino ratioReturn per unit of downside risk | -7.60 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.39 | -1.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 5.67 | -5.76 |
| Martin ratioReturn relative to average drawdown | -0.16 | 20.48 | -20.64 |
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Drawdowns
EAASX vs. EGRIX - Drawdown Comparison
The maximum EAASX drawdown since its inception was -39.96%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for EAASX and EGRIX.
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Drawdown Indicators
| EAASX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.96% | -14.17% | -25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -3.37% | -11.45% |
Max Drawdown (3Y)Largest decline over 3 years | -19.45% | -3.37% | -16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -10.18% | -9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | -14.17% | -25.79% |
Current DrawdownCurrent decline from peak | -8.00% | -0.55% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -1.83% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 0.93% | +7.24% |
Volatility
EAASX vs. EGRIX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) has a higher volatility of 4.95% compared to Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) at 0.86%. This indicates that EAASX's price experiences larger fluctuations and is considered to be riskier than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAASX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 0.86% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 3.18% | +8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 3.58% | +12.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 4.04% | +13.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 3.96% | +14.88% |
EAASX vs. EGRIX - Expense Ratio Comparison
EAASX has a 1.14% expense ratio, which is higher than EGRIX's 1.05% expense ratio.
Dividends
EAASX vs. EGRIX - Dividend Comparison
EAASX's dividend yield for the trailing twelve months is around 7.46%, more than EGRIX's 6.15% 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% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.15% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
Frequently Asked Questions
EAASX and EGRIX have a correlation of 0.11, 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 EGRIX (0.86%). In terms of maximum drawdown, EAASX dropped -39.96% vs EGRIX's -14.17%.
EGRIX currently has the higher Sharpe Ratio (5.33 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.
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