EAASX vs. SMMD
EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and SMMD (iShares Russell 2500 ETF) are both funds - EAASX is a Mid Cap Growth Equities fund managed by Eaton Vance, while SMMD is a Small Cap Growth Equities fund tracking the Russell 2500 Index. Over the past 5 years, EAASX returned 4.78%/yr vs 8.60%/yr for SMMD. Their correlation of 0.84 means they have usually moved in the same direction. EAASX charges 1.14%/yr vs 0.15%/yr for SMMD.
Performance
EAASX vs. SMMD - Performance Comparison
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Returns By Period
In the year-to-date period, EAASX achieves a 4.42% return, which is significantly lower than SMMD's 21.49% return.
EAASX
- 1D
- -0.66%
- 1M
- 2.63%
- 6M
- 2.86%
- YTD
- 4.42%
- 1Y
- 1.48%
- 3Y*
- 6.57%
- 5Y*
- 4.78%
- 10Y*
- 10.10%
- ALL TIME*
- 11.64%
SMMD
- 1D
- 1.69%
- 1M
- -0.19%
- 6M
- 14.63%
- YTD
- 21.49%
- 1Y
- 35.05%
- 3Y*
- 16.92%
- 5Y*
- 8.60%
- 10Y*
- —
- ALL TIME*
- 11.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $22.13M | $20.50M | $23.94M |
EAASX vs. SMMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 4.42% | -5.90% | 17.89% | 13.72% | -8.98% | 21.66% | 11.03% | 34.03% | -5.79% | 13.42% |
SMMD iShares Russell 2500 ETF | 21.49% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 19.98% | 28.01% | -10.58% | 11.27% |
Correlation
The correlation between EAASX and SMMD is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2017 | 0.84 |
Over the past year, the correlation between EAASX and SMMD has dropped to 0.63 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
EAASX vs. SMMD — Risk / Return Rank
EAASX
SMMD
EAASX vs. SMMD - 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 iShares Russell 2500 ETF (SMMD). 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 | SMMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 3.65 | -3.64 |
| Martin ratioReturn relative to average drawdown | 0.00 | 13.74 | -13.74 |
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Drawdowns
EAASX vs. SMMD - Drawdown Comparison
The maximum EAASX drawdown since its inception was -39.96%, roughly equal to the maximum SMMD drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for EAASX and SMMD.
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Drawdown Indicators
| EAASX | SMMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.96% | -41.06% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -9.66% | -3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.45% | -25.50% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -28.26% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | — | — |
Current DrawdownCurrent decline from peak | -7.42% | -1.12% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -8.25% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 2.56% | +3.74% |
Volatility
EAASX vs. SMMD - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) has a higher volatility of 5.68% compared to iShares Russell 2500 ETF (SMMD) at 3.63%. This indicates that EAASX's price experiences larger fluctuations and is considered to be riskier than SMMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAASX | SMMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 3.63% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 13.23% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 17.59% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 20.83% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 22.27% | -3.39% |
EAASX vs. SMMD - Expense Ratio Comparison
EAASX has a 1.14% expense ratio, which is higher than SMMD's 0.15% expense ratio.
Dividends
EAASX vs. SMMD - Dividend Comparison
EAASX's dividend yield for the trailing twelve months is around 7.42%, more than SMMD's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 7.42% | 7.75% | 8.22% | 3.08% | 12.28% | 12.19% | 11.17% | 7.09% | 8.01% | 3.64% | 3.93% | 7.29% |
SMMD iShares Russell 2500 ETF | 1.06% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% |
Frequently Asked Questions
EAASX and SMMD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAASX has higher volatility (5.68%) compared to SMMD (3.63%). In terms of maximum drawdown, EAASX dropped -39.96% vs SMMD's -41.06%.
SMMD currently has the higher Sharpe Ratio (2.01 vs 0.00), 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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