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EAEAX vs. AAAAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

EAEAX vs. AAAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) and DWS RREEF Real Assets Fund - Class A (AAAAX). The values are adjusted to include any dividend payments, if applicable.

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EAEAX vs. AAAAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EAEAX
Eaton Vance Tax-Managed Equity Asset Allocation Fund
-6.63%12.06%17.99%20.69%-18.19%21.24%15.47%27.44%-5.86%19.16%
AAAAX
DWS RREEF Real Assets Fund - Class A
8.59%12.82%5.24%2.30%-9.91%23.45%3.71%21.42%-5.36%14.67%

Returns By Period

In the year-to-date period, EAEAX achieves a -6.63% return, which is significantly lower than AAAAX's 8.59% return. Over the past 10 years, EAEAX has outperformed AAAAX with an annualized return of 10.18%, while AAAAX has yielded a comparatively lower 7.28% annualized return.


EAEAX

1D
-0.25%
1M
-8.13%
YTD
-6.63%
6M
-4.39%
1Y
8.28%
3Y*
12.12%
5Y*
7.03%
10Y*
10.18%

AAAAX

1D
0.36%
1M
-4.37%
YTD
8.59%
6M
10.72%
1Y
16.80%
3Y*
9.80%
5Y*
6.74%
10Y*
7.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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EAEAX vs. AAAAX - Expense Ratio Comparison

EAEAX has a 1.25% expense ratio, which is higher than AAAAX's 1.22% expense ratio.


Return for Risk

EAEAX vs. AAAAX — Risk / Return Rank

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

EAEAX
EAEAX Risk / Return Rank: 2222
Overall Rank
EAEAX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
EAEAX Sortino Ratio Rank: 2222
Sortino Ratio Rank
EAEAX Omega Ratio Rank: 2323
Omega Ratio Rank
EAEAX Calmar Ratio Rank: 2020
Calmar Ratio Rank
EAEAX Martin Ratio Rank: 2525
Martin Ratio Rank

AAAAX
AAAAX Risk / Return Rank: 8181
Overall Rank
AAAAX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
AAAAX Sortino Ratio Rank: 8080
Sortino Ratio Rank
AAAAX Omega Ratio Rank: 7979
Omega Ratio Rank
AAAAX Calmar Ratio Rank: 7777
Calmar Ratio Rank
AAAAX Martin Ratio Rank: 8989
Martin Ratio Rank
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.

EAEAX vs. AAAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.


EAEAXAAAAXDifference

Sharpe ratio

Return per unit of total volatility

0.53

1.49

-0.95

Sortino ratio

Return per unit of downside risk

0.88

2.00

-1.13

Omega ratio

Gain probability vs. loss probability

1.13

1.30

-0.17

Calmar ratio

Return relative to maximum drawdown

0.58

1.80

-1.22

Martin ratio

Return relative to average drawdown

2.62

9.69

-7.07

EAEAX vs. AAAAX - Sharpe Ratio Comparison

The current EAEAX Sharpe Ratio is 0.53, which is lower than the AAAAX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of EAEAX and AAAAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


EAEAXAAAAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.53

1.49

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.56

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.58

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.38

+0.06

Correlation

The correlation between EAEAX and AAAAX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

EAEAX vs. AAAAX - Dividend Comparison

EAEAX's dividend yield for the trailing twelve months is around 4.60%, more than AAAAX's 3.26% yield.


TTM20252024202320222021202020192018201720162015
EAEAX
Eaton Vance Tax-Managed Equity Asset Allocation Fund
4.60%4.29%0.80%0.53%0.79%2.58%0.57%1.87%2.12%3.13%1.10%6.32%
AAAAX
DWS RREEF Real Assets Fund - Class A
3.26%3.54%2.45%2.08%4.17%2.31%1.33%1.81%1.61%1.52%1.47%2.15%

Drawdowns

EAEAX vs. AAAAX - Drawdown Comparison

The maximum EAEAX drawdown since its inception was -53.71%, which is greater than AAAAX's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for EAEAX and AAAAX.


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Drawdown Indicators


EAEAXAAAAXDifference

Max Drawdown

Largest peak-to-trough decline

-53.71%

-40.47%

-13.24%

Max Drawdown (1Y)

Largest decline over 1 year

-11.67%

-9.55%

-2.12%

Max Drawdown (5Y)

Largest decline over 5 years

-24.72%

-22.62%

-2.10%

Max Drawdown (10Y)

Largest decline over 10 years

-34.74%

-29.41%

-5.33%

Current Drawdown

Current decline from peak

-9.37%

-4.57%

-4.80%

Average Drawdown

Average peak-to-trough decline

-7.87%

-6.89%

-0.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

1.77%

+0.83%

Volatility

EAEAX vs. AAAAX - Volatility Comparison

Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) has a higher volatility of 4.15% compared to DWS RREEF Real Assets Fund - Class A (AAAAX) at 3.03%. This indicates that EAEAX's price experiences larger fluctuations and is considered to be riskier than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


EAEAXAAAAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

3.03%

+1.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.32%

7.22%

+1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

16.71%

11.60%

+5.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

12.18%

+3.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.80%

12.66%

+4.14%