EADOX vs. HIIFX

Last updated Jun 3, 2026

EADOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class A) and HIIFX (Catalyst/SMH High Income Fund) are both mutual funds - EADOX is a Emerging Markets Bonds fund managed by Eaton Vance, while HIIFX is a High Yield Bonds fund managed by Catalyst Mutual Funds. Over the past 10 years, EADOX returned 7.79%/yr vs 7.76%/yr for HIIFX. At a 0.40 correlation, their price movements are largely independent. EADOX charges 1.11%/yr vs 1.49%/yr for HIIFX.

Performance

EADOX vs. HIIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) and Catalyst/SMH High Income Fund (HIIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EADOX achieves a 6.50% return, which is significantly higher than HIIFX's 3.13% return. Both investments have delivered pretty close results over the past 10 years, with EADOX having a 7.79% annualized return and HIIFX not far behind at 7.76%.

EADOX

• 1D: 0.23%
• 1M: 0.87%
• YTD: 6.50%
• 6M: 8.08%
• 1Y: 18.74%
• 3Y*: 15.27%
• 5Y*: 8.06%
• 10Y*: 7.79%

HIIFX

• 1D: -0.24%
• 1M: 0.81%
• YTD: 3.13%
• 6M: 4.08%
• 1Y: 20.55%
• 3Y*: 13.15%
• 5Y*: 5.70%
• 10Y*: 7.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EADOX vs. HIIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	6.50%	16.93%	14.52%	11.13%	-6.42%	1.24%	7.12%	17.85%	-4.44%	12.58%
HIIFX Catalyst/SMH High Income Fund	3.13%	15.31%	8.33%	16.44%	-13.48%	8.03%	10.00%	8.36%	-1.46%	9.58%

Correlation

The correlation between EADOX and HIIFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.40

Return for Risk

EADOX vs. HIIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EADOX

EADOX Risk / Return Rank: 97
EADOX Sharpe Ratio Rank: 100
EADOX Sortino Ratio Rank: 99
EADOX Omega Ratio Rank: 99
EADOX Calmar Ratio Rank: 93
EADOX Martin Ratio Rank: 94

HIIFX

HIIFX Risk / Return Rank: 86
HIIFX Sharpe Ratio Rank: 91
HIIFX Sortino Ratio Rank: 91
HIIFX Omega Ratio Rank: 86
HIIFX Calmar Ratio Rank: 88
HIIFX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EADOX vs. HIIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) and Catalyst/SMH High Income Fund (HIIFX). 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.

	EADOX	HIIFX	Difference
Sharpe ratio Return per unit of total volatility	5.54	3.05	+2.48
Sortino ratio Return per unit of downside risk	8.79	4.46	+4.33
Omega ratio Gain probability vs. loss probability	2.61	1.58	+1.02
Calmar ratio Return relative to maximum drawdown	5.10	4.34	+0.76
Martin ratio Return relative to average drawdown	20.78	14.38	+6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EADOX vs. HIIFX - Sharpe Ratio Comparison

The current EADOX Sharpe Ratio is 5.54, which is higher than the HIIFX Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of EADOX and HIIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EADOX	HIIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.54	3.05	+2.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.77	0.88	+0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.66	1.30	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.21	+1.50

Drawdowns

EADOX vs. HIIFX - Drawdown Comparison

The maximum EADOX drawdown since its inception was -19.15%, smaller than the maximum HIIFX drawdown of -51.29%. Use the drawdown chart below to compare losses from any high point for EADOX and HIIFX.

Drawdown Indicators

	EADOX	HIIFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.15%	-51.29%	+32.14%
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	-4.89%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-3.61%	-8.46%	+4.85%
Max Drawdown (5Y) Largest decline over 5 years	-17.56%	-18.58%	+1.02%
Max Drawdown (10Y) Largest decline over 10 years	-19.15%	-18.58%	-0.57%
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-2.53%	-15.27%	+12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	1.48%	-0.59%

Volatility

EADOX vs. HIIFX - Volatility Comparison

The current volatility for Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) is 0.64%, while Catalyst/SMH High Income Fund (HIIFX) has a volatility of 1.52%. This indicates that EADOX experiences smaller price fluctuations and is considered to be less risky than HIIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EADOX	HIIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	1.52%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	4.52%	-1.53%
Volatility (1Y) Calculated over the trailing 1-year period	3.38%	6.99%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.57%	6.51%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	5.98%	-1.27%

EADOX vs. HIIFX - Expense Ratio Comparison

EADOX has a 1.11% expense ratio, which is lower than HIIFX's 1.49% expense ratio.

Dividends

EADOX vs. HIIFX - Dividend Comparison

EADOX's dividend yield for the trailing twelve months is around 10.46%, more than HIIFX's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	10.46%	10.51%	8.27%	8.73%	8.87%	7.56%	7.42%	7.57%	7.83%	7.61%	4.04%	0.00%
HIIFX Catalyst/SMH High Income Fund	5.48%	4.65%	6.03%	6.55%	6.64%	4.03%	5.00%	5.37%	5.61%	5.50%	6.81%	12.14%

Frequently Asked Questions

Can I hold both EADOX and HIIFX in my portfolio?

EADOX and HIIFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EADOX or HIIFX?

HIIFX has higher volatility (1.52%) compared to EADOX (0.64%). In terms of maximum drawdown, EADOX dropped -19.15% vs HIIFX's -51.29%.

Which has better risk-adjusted returns?

EADOX currently has the higher Sharpe Ratio (5.54 vs 3.05), 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.