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EAEAX vs. VEIEX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

EAEAX vs. VEIEX - 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 Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX). The values are adjusted to include any dividend payments, if applicable.

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EAEAX vs. VEIEX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EAEAX
Eaton Vance Tax-Managed Equity Asset Allocation Fund
-4.06%12.06%17.99%20.69%-18.19%21.24%15.47%27.44%-5.86%19.16%
VEIEX
Vanguard Emerging Markets Stock Index Fund Investor Shares
-0.26%24.58%11.15%8.66%-17.91%0.72%15.05%20.11%-14.73%31.14%

Returns By Period

In the year-to-date period, EAEAX achieves a -4.06% return, which is significantly lower than VEIEX's -0.26% return. Over the past 10 years, EAEAX has outperformed VEIEX with an annualized return of 10.48%, while VEIEX has yielded a comparatively lower 7.36% annualized return.


EAEAX

1D
2.74%
1M
-5.51%
YTD
-4.06%
6M
-1.96%
1Y
10.93%
3Y*
13.14%
5Y*
7.36%
10Y*
10.48%

VEIEX

1D
2.35%
1M
-6.43%
YTD
-0.26%
6M
0.31%
1Y
21.25%
3Y*
13.15%
5Y*
3.42%
10Y*
7.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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EAEAX vs. VEIEX - Expense Ratio Comparison

EAEAX has a 1.25% expense ratio, which is higher than VEIEX's 0.29% expense ratio.


Return for Risk

EAEAX vs. VEIEX — Risk / Return Rank

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

EAEAX
EAEAX Risk / Return Rank: 3131
Overall Rank
EAEAX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EAEAX Sortino Ratio Rank: 2626
Sortino Ratio Rank
EAEAX Omega Ratio Rank: 2727
Omega Ratio Rank
EAEAX Calmar Ratio Rank: 3434
Calmar Ratio Rank
EAEAX Martin Ratio Rank: 4141
Martin Ratio Rank

VEIEX
VEIEX Risk / Return Rank: 7474
Overall Rank
VEIEX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VEIEX Sortino Ratio Rank: 7575
Sortino Ratio Rank
VEIEX Omega Ratio Rank: 6969
Omega Ratio Rank
VEIEX Calmar Ratio Rank: 7777
Calmar Ratio Rank
VEIEX Martin Ratio Rank: 7171
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. VEIEX - 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 Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX). 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.


EAEAXVEIEXDifference

Sharpe ratio

Return per unit of total volatility

0.67

1.42

-0.75

Sortino ratio

Return per unit of downside risk

1.07

1.93

-0.86

Omega ratio

Gain probability vs. loss probability

1.16

1.27

-0.11

Calmar ratio

Return relative to maximum drawdown

1.02

1.92

-0.90

Martin ratio

Return relative to average drawdown

4.51

7.00

-2.49

EAEAX vs. VEIEX - Sharpe Ratio Comparison

The current EAEAX Sharpe Ratio is 0.67, which is lower than the VEIEX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of EAEAX and VEIEX, 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


EAEAXVEIEXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

1.42

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.23

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.45

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.31

+0.13

Correlation

The correlation between EAEAX and VEIEX is 0.71, 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. VEIEX - Dividend Comparison

EAEAX's dividend yield for the trailing twelve months is around 4.47%, more than VEIEX's 2.55% yield.


TTM20252024202320222021202020192018201720162015
EAEAX
Eaton Vance Tax-Managed Equity Asset Allocation Fund
4.47%4.29%0.80%0.53%0.79%2.58%0.57%1.87%2.12%3.13%1.10%6.32%
VEIEX
Vanguard Emerging Markets Stock Index Fund Investor Shares
2.55%2.59%2.97%3.32%3.87%2.41%1.72%3.07%2.67%2.14%2.33%3.04%

Drawdowns

EAEAX vs. VEIEX - Drawdown Comparison

The maximum EAEAX drawdown since its inception was -53.71%, smaller than the maximum VEIEX drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for EAEAX and VEIEX.


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Drawdown Indicators


EAEAXVEIEXDifference

Max Drawdown

Largest peak-to-trough decline

-53.71%

-66.47%

+12.76%

Max Drawdown (1Y)

Largest decline over 1 year

-11.67%

-11.10%

-0.57%

Max Drawdown (5Y)

Largest decline over 5 years

-24.72%

-32.73%

+8.01%

Max Drawdown (10Y)

Largest decline over 10 years

-34.74%

-36.30%

+1.56%

Current Drawdown

Current decline from peak

-6.88%

-8.97%

+2.09%

Average Drawdown

Average peak-to-trough decline

-7.87%

-17.29%

+9.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

3.04%

-0.41%

Volatility

EAEAX vs. VEIEX - Volatility Comparison

The current volatility for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) is 5.19%, while Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) has a volatility of 6.91%. This indicates that EAEAX experiences smaller price fluctuations and is considered to be less risky than VEIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


EAEAXVEIEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.19%

6.91%

-1.72%

Volatility (6M)

Calculated over the trailing 6-month period

8.76%

10.92%

-2.16%

Volatility (1Y)

Calculated over the trailing 1-year period

16.90%

15.41%

+1.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.66%

15.22%

+0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.82%

16.39%

+0.43%