EAASX vs. EIGMX
EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - EAASX is a Mid Cap Growth Equities fund managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EAASX returned 9.78%/yr vs 4.96%/yr for EIGMX. At a 0.16 correlation, their price movements are largely independent. EAASX charges 1.14%/yr vs 0.76%/yr for EIGMX.
Performance
EAASX vs. EIGMX - 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 EIGMX's 4.73% return. Over the past 10 years, EAASX has outperformed EIGMX with an annualized return of 9.78%, while EIGMX has yielded a comparatively lower 4.96% 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%
EIGMX
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 4.73%
- 6M
- 5.06%
- 1Y
- 11.83%
- 3Y*
- 8.97%
- 5Y*
- 6.30%
- 10Y*
- 4.96%
EAASX vs. EIGMX - 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% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 4.73% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Correlation
The correlation between EAASX and EIGMX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.16 |
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Return for Risk
EAASX vs. EIGMX — Risk / Return Rank
EAASX
EIGMX
EAASX vs. EIGMX - 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 Fund (EIGMX). 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 | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.77 | ||
| Sortino ratioReturn per unit of downside risk | -10.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 3.06 | -2.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 8.33 | -8.71 |
| Martin ratioReturn relative to average drawdown | -0.71 | 30.15 | -30.86 |
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Drawdowns
EAASX vs. EIGMX - Drawdown Comparison
The maximum EAASX drawdown since its inception was -39.96%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for EAASX and EIGMX.
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Drawdown Indicators
| EAASX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.96% | -9.42% | -30.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -1.44% | -13.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.45% | -1.63% | -17.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -7.39% | -12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | -9.42% | -30.54% |
Current DrawdownCurrent decline from peak | -13.27% | -0.22% | -13.05% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -0.92% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 0.40% | +7.57% |
Volatility
EAASX vs. EIGMX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) has a higher volatility of 4.48% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.46%. This indicates that EAASX's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAASX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.46% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 1.64% | +9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 1.88% | +13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 2.61% | +14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 2.50% | +16.35% |
EAASX vs. EIGMX - Expense Ratio Comparison
EAASX has a 1.14% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Dividends
EAASX vs. EIGMX - Dividend Comparison
EAASX's dividend yield for the trailing twelve months is around 7.92%, more than EIGMX's 6.64% 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% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.64% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
Frequently Asked Questions
EAASX and EIGMX have a correlation of 0.10, 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 EIGMX (0.46%). In terms of maximum drawdown, EAASX dropped -39.96% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.41 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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