EADOX vs. ICAP

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) and InfraCap Equity Income Fund ETF (ICAP).

EADOX is managed by Eaton Vance. It was launched on Sep 3, 2015. ICAP is an actively managed fund by InfraCap. It was launched on Dec 28, 2021.

Performance

EADOX vs. ICAP - 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 InfraCap Equity Income Fund ETF (ICAP). The values are adjusted to include any dividend payments, if applicable.

EADOX vs. ICAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	1.47%	16.93%	14.52%	11.13%	-6.42%	-0.07%
ICAP InfraCap Equity Income Fund ETF	-2.22%	15.77%	14.83%	8.82%	-10.10%	0.57%

Returns By Period

In the year-to-date period, EADOX achieves a 1.47% return, which is significantly higher than ICAP's -2.22% return.

EADOX

• 1D: 0.12%
• 1M: -2.42%
• YTD: 1.47%
• 6M: 6.71%
• 1Y: 14.97%
• 3Y*: 13.94%
• 5Y*: 7.71%
• 10Y*: 7.58%

ICAP

• 1D: 0.57%
• 1M: -4.86%
• YTD: -2.22%
• 6M: 1.01%
• 1Y: 16.40%
• 3Y*: 13.31%
• 5Y*: —
• 10Y*: —

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

EADOX vs. ICAP - Expense Ratio Comparison

EADOX has a 1.11% expense ratio, which is higher than ICAP's 0.80% expense ratio.

EADOX

Eaton Vance Emerging Markets Debt Opportunities Fund Class A

ICAP

InfraCap Equity Income Fund ETF

Return for Risk

EADOX vs. ICAP — Risk / Return Rank

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

EADOX

EADOX Risk / Return Rank: 98
EADOX Sharpe Ratio Rank: 99
EADOX Sortino Ratio Rank: 99
EADOX Omega Ratio Rank: 98
EADOX Calmar Ratio Rank: 97
EADOX Martin Ratio Rank: 97

ICAP

ICAP Risk / Return Rank: 48
ICAP Sharpe Ratio Rank: 50
ICAP Sortino Ratio Rank: 45
ICAP Omega Ratio Rank: 50
ICAP Calmar Ratio Rank: 47
ICAP Martin Ratio Rank: 46

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. ICAP - 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 InfraCap Equity Income Fund ETF (ICAP). 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	ICAP	Difference
Sharpe ratio Return per unit of total volatility	4.12	0.96	+3.16
Sortino ratio Return per unit of downside risk	5.77	1.31	+4.45
Omega ratio Gain probability vs. loss probability	2.06	1.20	+0.86
Calmar ratio Return relative to maximum drawdown	4.06	1.31	+2.75
Martin ratio Return relative to average drawdown	16.37	4.65	+11.71
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. ICAP - Sharpe Ratio Comparison

The current EADOX Sharpe Ratio is 4.12, which is higher than the ICAP Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of EADOX and ICAP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EADOX	ICAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.12	0.96	+3.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.33	+1.30

Correlation

The correlation between EADOX and ICAP is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EADOX vs. ICAP - Dividend Comparison

EADOX's dividend yield for the trailing twelve months is around 10.84%, more than ICAP's 9.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	10.84%	10.51%	8.27%	8.73%	8.87%	7.56%	7.42%	7.57%	7.83%	7.61%	4.04%
ICAP InfraCap Equity Income Fund ETF	9.90%	8.89%	8.30%	8.65%	8.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EADOX vs. ICAP - Drawdown Comparison

The maximum EADOX drawdown since its inception was -19.15%, smaller than the maximum ICAP drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for EADOX and ICAP.

Drawdown Indicators

	EADOX	ICAP	Difference
Max Drawdown Largest peak-to-trough decline	-19.15%	-24.20%	+5.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	-12.64%	+9.03%
Max Drawdown (5Y) Largest decline over 5 years	-17.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.15%	—	—
Current Drawdown Current decline from peak	-3.50%	-7.69%	+4.19%
Average Drawdown Average peak-to-trough decline	-2.56%	-8.06%	+5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	3.56%	-2.66%

Volatility

EADOX vs. ICAP - Volatility Comparison

The current volatility for Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) is 1.77%, while InfraCap Equity Income Fund ETF (ICAP) has a volatility of 5.09%. This indicates that EADOX experiences smaller price fluctuations and is considered to be less risky than ICAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EADOX	ICAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	5.09%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	10.27%	-7.60%
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	17.07%	-13.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.53%	18.32%	-13.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.72%	18.32%	-13.60%