EAIIX vs. DFSHX
EAIIX (Eaton Vance Global Bond Fund) and DFSHX (DFA Selectively Hedged Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, EAIIX returned 2.80%/yr vs 1.99%/yr for DFSHX. Their 0.35 correlation means their historical movements had little consistent relationship. EAIIX charges 1.02%/yr vs 0.16%/yr for DFSHX.
Performance
EAIIX vs. DFSHX - Performance Comparison
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Returns By Period
In the year-to-date period, EAIIX achieves a 4.51% return, which is significantly higher than DFSHX's 1.62% return. Over the past 10 years, EAIIX has outperformed DFSHX with an annualized return of 2.80%, while DFSHX has yielded a comparatively lower 1.99% annualized return.
EAIIX
- 1D
- 0.51%
- 1M
- 0.80%
- 6M
- 2.47%
- YTD
- 4.51%
- 1Y
- 9.44%
- 3Y*
- 6.42%
- 5Y*
- 1.52%
- 10Y*
- 2.80%
- ALL TIME*
- 3.17%
DFSHX
- 1D
- 0.21%
- 1M
- 0.11%
- 6M
- 0.97%
- YTD
- 1.62%
- 1Y
- 3.39%
- 3Y*
- 4.91%
- 5Y*
- 1.91%
- 10Y*
- 1.99%
- ALL TIME*
- 1.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EAIIX vs. DFSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 4.51% | 13.67% | -2.81% | 8.45% | -11.29% | -5.71% | 9.33% | 6.09% | -2.67% | 10.58% |
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 1.62% | 4.84% | 5.66% | 5.55% | -6.24% | -0.82% | 2.33% | 4.82% | 1.83% | 2.61% |
Correlation
The correlation between EAIIX and DFSHX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.35 |
The correlation between EAIIX and DFSHX shifts across timeframes, from 0.33 (10 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EAIIX vs. DFSHX — Risk / Return Rank
EAIIX
DFSHX
EAIIX vs. DFSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Bond Fund (EAIIX) and DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EAIIX | DFSHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.52 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.75 | +1.53 |
| Martin ratioReturn relative to average drawdown | 15.36 | 10.65 | +4.71 |
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Drawdowns
EAIIX vs. DFSHX - Drawdown Comparison
The maximum EAIIX drawdown since its inception was -25.32%, which is greater than DFSHX's maximum drawdown of -9.58%. Use the drawdown chart below to compare losses from any high point for EAIIX and DFSHX.
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Drawdown Indicators
| EAIIX | DFSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -9.58% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -1.28% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -8.35% | -4.18% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -9.58% | -13.55% |
Max Drawdown (10Y)Largest decline over 10 years | -25.32% | -9.58% | -15.74% |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -2.27% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.33% | +0.32% |
Volatility
EAIIX vs. DFSHX - Volatility Comparison
Eaton Vance Global Bond Fund (EAIIX) has a higher volatility of 0.73% compared to DFA Selectively Hedged Global Fixed Income Portfolio (DFSHX) at 0.58%. This indicates that EAIIX's price experiences larger fluctuations and is considered to be riskier than DFSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAIIX | DFSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.58% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 1.50% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 1.65% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 3.38% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 2.64% | +2.84% |
EAIIX vs. DFSHX - Expense Ratio Comparison
EAIIX has a 1.02% expense ratio, which is higher than DFSHX's 0.16% expense ratio.
Dividends
EAIIX vs. DFSHX - Dividend Comparison
EAIIX's dividend yield for the trailing twelve months is around 8.77%, more than DFSHX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFSHX DFA Selectively Hedged Global Fixed Income Portfolio | 4.19% | 4.26% | 4.50% | 3.90% | 0.04% | 1.77% | 0.03% | 2.52% | 3.23% | 1.75% | 1.63% | 1.11% |
EAIIX Eaton Vance Global Bond Fund | 8.77% | 7.44% | 4.80% | 4.42% | 4.54% | 5.37% | 6.13% | 5.69% | 4.70% | 4.43% | 5.53% | 5.89% |
Frequently Asked Questions
EAIIX and DFSHX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAIIX has higher volatility (0.73%) compared to DFSHX (0.58%). In terms of maximum drawdown, EAIIX dropped -25.32% vs DFSHX's -9.58%.
EAIIX currently has the higher Sharpe Ratio (3.23 vs 2.14), 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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