EAEAX vs. PDI
EAEAX (Eaton Vance Tax-Managed Equity Asset Allocation Fund) is Diversified Portfolio fund managed by BlackRock, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 10 years, EAEAX returned 11.69%/yr vs 7.53%/yr for PDI. At a 0.37 correlation, their price movements are largely independent.
Performance
EAEAX vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, EAEAX achieves a 9.24% return, which is significantly higher than PDI's 0.45% return. Over the past 10 years, EAEAX has outperformed PDI with an annualized return of 11.69%, while PDI has yielded a comparatively lower 7.53% annualized return.
EAEAX
- 1D
- 0.00%
- 1M
- 4.12%
- YTD
- 9.24%
- 6M
- 9.31%
- 1Y
- 21.43%
- 3Y*
- 16.96%
- 5Y*
- 9.40%
- 10Y*
- 11.69%
PDI
- 1D
- 0.06%
- 1M
- -3.25%
- YTD
- 0.45%
- 6M
- -0.44%
- 1Y
- 2.55%
- 3Y*
- 11.73%
- 5Y*
- 2.68%
- 10Y*
- 7.53%
EAEAX vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAEAX Eaton Vance Tax-Managed Equity Asset Allocation Fund | 9.24% | 12.06% | 17.99% | 20.69% | -18.19% | 21.24% | 15.47% | 27.44% | -5.86% | 19.16% |
PDI PIMCO Dynamic Income Fund | 0.45% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between EAEAX and PDI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | 0.37 |
The correlation between EAEAX and PDI shifts across timeframes, from 0.31 (3 years) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EAEAX vs. PDI — Risk / Return Rank
EAEAX
PDI
EAEAX vs. PDI - 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 PIMCO Dynamic Income Fund (PDI). 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.
| EAEAX | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.23 | +2.13 |
| Martin ratioReturn relative to average drawdown | 10.75 | 0.52 | +10.23 |
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
| EAEAX | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 0.23 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.17 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.40 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.59 | -0.11 |
Drawdowns
EAEAX vs. PDI - Drawdown Comparison
The maximum EAEAX drawdown since its inception was -53.71%, which is greater than PDI's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for EAEAX and PDI.
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Drawdown Indicators
| EAEAX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.71% | -46.47% | -7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -10.95% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -17.55% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -27.23% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -46.47% | +11.73% |
Current DrawdownCurrent decline from peak | 0.00% | -7.41% | +7.41% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -6.22% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 4.92% | -2.87% |
Volatility
EAEAX vs. PDI - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) is 2.98%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.27%. This indicates that EAEAX experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAEAX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 3.27% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 8.12% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 11.19% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 15.53% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 19.05% | -2.21% |
Dividends
EAEAX vs. PDI - Dividend Comparison
EAEAX's dividend yield for the trailing twelve months is around 3.93%, less than PDI's 15.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAEAX Eaton Vance Tax-Managed Equity Asset Allocation Fund | 3.93% | 4.29% | 0.80% | 0.53% | 0.79% | 2.58% | 0.57% | 1.87% | 2.12% | 3.13% | 1.10% | 6.32% |
PDI PIMCO Dynamic Income Fund | 15.82% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
EAEAX and PDI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.27%) compared to EAEAX (2.98%). In terms of maximum drawdown, EAEAX dropped -53.71% vs PDI's -46.47%.
EAEAX currently has the higher Sharpe Ratio (1.96 vs 0.23), 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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