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 3.40%/yr vs 7.71%/yr for SMMD. Their correlation of 0.84 suggests significant overlap in exposure. 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 -4.06% return, which is significantly lower than SMMD's 20.07% return.
EAASX
- 1D
- -0.72%
- 1M
- -0.79%
- YTD
- -4.06%
- 6M
- -5.34%
- 1Y
- -6.71%
- 3Y*
- 6.30%
- 5Y*
- 3.40%
- 10Y*
- 9.57%
SMMD
- 1D
- -1.43%
- 1M
- 3.19%
- YTD
- 20.07%
- 6M
- 17.51%
- 1Y
- 36.34%
- 3Y*
- 19.02%
- 5Y*
- 7.71%
- 10Y*
- —
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 | -4.06% | -5.90% | 17.89% | 13.72% | -8.98% | 21.66% | 11.03% | 34.03% | -5.79% | 13.42% |
SMMD iShares Russell 2500 ETF | 20.07% | 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 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2017 | 0.84 |
The correlation between EAASX and SMMD shifts across timeframes, from 0.72 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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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 | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.78 | -4.15 |
| Martin ratioReturn relative to average drawdown | -0.69 | 14.32 | -15.01 |
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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 | -14.82% | -9.66% | -5.16% |
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 | -14.94% | -1.43% | -13.51% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -8.33% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 2.54% | +5.37% |
Volatility
EAASX vs. SMMD - Volatility Comparison
The current volatility for Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) is 4.28%, while iShares Russell 2500 ETF (SMMD) has a volatility of 5.96%. This indicates that EAASX experiences smaller price fluctuations and is considered to be less risky 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 | 4.28% | 5.96% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 13.39% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 17.77% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 20.91% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 22.37% | -3.47% |
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 8.07%, more than SMMD's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 8.07% | 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 | 1.07% | 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 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMMD has higher volatility (5.96%) compared to EAASX (4.28%). In terms of maximum drawdown, EAASX dropped -39.96% vs SMMD's -41.06%.
SMMD currently has the higher Sharpe Ratio (2.06 vs -0.35), 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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