EADIX vs. PIPAX
EADIX (Eaton Vance Tax-Managed Global Dividend Income Fund) and PIPAX (PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A) are both mutual funds - EADIX is a Global Equities fund managed by BlackRock, while PIPAX is a Foreign Large Cap Equities fund managed by PIMCO. Over the past 10 years, EADIX returned 11.36%/yr vs 11.62%/yr for PIPAX. A 0.68 correlation means they provide meaningful diversification when combined. EADIX charges 1.18%/yr vs 1.15%/yr for PIPAX.
Performance
EADIX vs. PIPAX - Performance Comparison
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Returns By Period
In the year-to-date period, EADIX achieves a 10.51% return, which is significantly higher than PIPAX's 9.45% return. Both investments have delivered pretty close results over the past 10 years, with EADIX having a 11.36% annualized return and PIPAX not far ahead at 11.62%.
EADIX
- 1D
- -0.05%
- 1M
- 5.76%
- YTD
- 10.51%
- 6M
- 12.33%
- 1Y
- 27.54%
- 3Y*
- 18.30%
- 5Y*
- 10.28%
- 10Y*
- 11.36%
PIPAX
- 1D
- 0.66%
- 1M
- 4.57%
- YTD
- 9.45%
- 6M
- 4.81%
- 1Y
- 17.95%
- 3Y*
- 16.11%
- 5Y*
- 10.97%
- 10Y*
- 11.62%
EADIX vs. PIPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 10.51% | 23.11% | 8.75% | 25.02% | -18.77% | 23.18% | 14.32% | 28.50% | -11.44% | 20.02% |
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 9.45% | 16.57% | 14.37% | 21.29% | -9.30% | 18.02% | 3.78% | 25.94% | -10.40% | 18.30% |
Correlation
The correlation between EADIX and PIPAX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2003 | 0.68 |
Over the past year, the correlation between EADIX and PIPAX has dropped to 0.41 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
EADIX vs. PIPAX — Risk / Return Rank
EADIX
PIPAX
EADIX vs. PIPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) and PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX). 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.
| EADIX | PIPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.73 | +0.76 |
| Martin ratioReturn relative to average drawdown | 10.68 | 6.00 | +4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EADIX | PIPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.26 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.77 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.80 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.53 | -0.03 |
Drawdowns
EADIX vs. PIPAX - Drawdown Comparison
The maximum EADIX drawdown since its inception was -52.70%, smaller than the maximum PIPAX drawdown of -57.80%. Use the drawdown chart below to compare losses from any high point for EADIX and PIPAX.
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Drawdown Indicators
| EADIX | PIPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -57.80% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -10.72% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.32% | -15.24% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -27.71% | -19.17% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | -35.55% | +0.21% |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -7.36% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.08% | -0.50% |
Volatility
EADIX vs. PIPAX - Volatility Comparison
Eaton Vance Tax-Managed Global Dividend Income Fund (EADIX) has a higher volatility of 4.06% compared to PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) at 3.68%. This indicates that EADIX's price experiences larger fluctuations and is considered to be riskier than PIPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EADIX | PIPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.68% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 13.05% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 14.72% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 14.27% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 14.66% | +3.03% |
EADIX vs. PIPAX - Expense Ratio Comparison
EADIX has a 1.18% expense ratio, which is higher than PIPAX's 1.15% expense ratio.
Dividends
EADIX vs. PIPAX - Dividend Comparison
EADIX's dividend yield for the trailing twelve months is around 3.36%, less than PIPAX's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADIX Eaton Vance Tax-Managed Global Dividend Income Fund | 3.36% | 3.38% | 4.15% | 3.97% | 5.42% | 6.52% | 3.12% | 3.18% | 3.95% | 3.09% | 3.92% | 3.84% |
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 5.13% | 5.61% | 12.69% | 10.56% | 10.66% | 7.59% | 1.44% | 11.71% | 8.25% | 7.38% | 0.78% | 8.16% |
Frequently Asked Questions
EADIX and PIPAX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EADIX has higher volatility (4.06%) compared to PIPAX (3.68%). In terms of maximum drawdown, EADIX dropped -52.70% vs PIPAX's -57.80%.
EADIX currently has the higher Sharpe Ratio (2.06 vs 1.26), 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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