EAIIX vs. EIGMX
EAIIX (Eaton Vance Global Bond Fund) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - EAIIX is a Global Bonds fund managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EAIIX returned 2.69%/yr vs 4.96%/yr for EIGMX. At a 0.26 correlation, their price movements are largely independent. EAIIX charges 1.02%/yr vs 0.76%/yr for EIGMX.
Performance
EAIIX vs. EIGMX - Performance Comparison
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Returns By Period
In the year-to-date period, EAIIX achieves a 3.00% return, which is significantly lower than EIGMX's 4.73% return. Over the past 10 years, EAIIX has underperformed EIGMX with an annualized return of 2.69%, while EIGMX has yielded a comparatively higher 4.96% annualized return.
EAIIX
- 1D
- -0.15%
- 1M
- -0.66%
- YTD
- 3.00%
- 6M
- 3.14%
- 1Y
- 8.15%
- 3Y*
- 6.12%
- 5Y*
- 1.18%
- 10Y*
- 2.69%
EIGMX
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 4.73%
- 6M
- 5.06%
- 1Y
- 11.83%
- 3Y*
- 8.97%
- 5Y*
- 6.30%
- 10Y*
- 4.96%
EAIIX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 3.00% | 13.67% | -2.81% | 8.45% | -11.29% | -5.71% | 9.33% | 6.09% | -2.67% | 10.58% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 4.73% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Correlation
The correlation between EAIIX and EIGMX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.26 |
The correlation between EAIIX and EIGMX shifts across timeframes, from 0.22 (10 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EAIIX vs. EIGMX — Risk / Return Rank
EAIIX
EIGMX
EAIIX vs. EIGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Bond Fund (EAIIX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX). 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 | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -6.28 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 3.06 | -1.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 8.33 | -4.74 |
| Martin ratioReturn relative to average drawdown | 13.01 | 30.15 | -17.14 |
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Drawdowns
EAIIX vs. EIGMX - Drawdown Comparison
The maximum EAIIX drawdown since its inception was -25.32%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for EAIIX and EIGMX.
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Drawdown Indicators
| EAIIX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -9.42% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -1.44% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -8.35% | -1.63% | -6.72% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -7.39% | -15.74% |
Max Drawdown (10Y)Largest decline over 10 years | -25.32% | -9.42% | -15.90% |
Current DrawdownCurrent decline from peak | -1.24% | -0.22% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -0.92% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.40% | +0.24% |
Volatility
EAIIX vs. EIGMX - Volatility Comparison
Eaton Vance Global Bond Fund (EAIIX) has a higher volatility of 0.95% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.46%. This indicates that EAIIX's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAIIX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.46% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.64% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 1.88% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 2.61% | +3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 2.50% | +3.00% |
EAIIX vs. EIGMX - Expense Ratio Comparison
EAIIX has a 1.02% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Dividends
EAIIX vs. EIGMX - Dividend Comparison
EAIIX's dividend yield for the trailing twelve months is around 8.81%, more than EIGMX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 8.81% | 7.44% | 4.80% | 4.42% | 4.54% | 5.37% | 6.13% | 5.69% | 4.70% | 4.43% | 5.53% | 5.89% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.64% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
Frequently Asked Questions
EAIIX and EIGMX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAIIX has higher volatility (0.95%) compared to EIGMX (0.46%). In terms of maximum drawdown, EAIIX dropped -25.32% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.41 vs 2.62), 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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