EAIIX vs. ETG
EAIIX (Eaton Vance Global Bond Fund) and ETG (Eaton Vance Tax Advantaged Global Dividend Income Closed Fund) are both mutual funds - EAIIX is a Global Bonds fund managed by Eaton Vance, while ETG is a Global Equities fund actively managed by Eaton Vance. Over the past 10 years, EAIIX returned 2.77%/yr vs 13.09%/yr for ETG. Their 0.27 correlation means their historical movements had little consistent relationship. EAIIX charges 1.02%/yr vs 2.57%/yr for ETG.
Performance
EAIIX vs. ETG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EAIIX achieves a 4.35% return, which is significantly lower than ETG's 7.51% return. Over the past 10 years, EAIIX has underperformed ETG with an annualized return of 2.77%, while ETG has yielded a comparatively higher 13.09% annualized return.
EAIIX
- 1D
- -0.15%
- 1M
- 0.66%
- 6M
- 2.47%
- YTD
- 4.35%
- 1Y
- 9.28%
- 3Y*
- 6.58%
- 5Y*
- 1.49%
- 10Y*
- 2.77%
- ALL TIME*
- 3.16%
ETG
- 1D
- 1.06%
- 1M
- 2.27%
- 6M
- 4.60%
- YTD
- 7.51%
- 1Y
- 26.46%
- 3Y*
- 21.40%
- 5Y*
- 10.91%
- 10Y*
- 13.09%
- ALL TIME*
- 8.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.18M | $1.84M | $2.42M |
EAIIX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 4.35% | 13.67% | -2.81% | 8.45% | -11.29% | -5.71% | 9.33% | 6.09% | -2.67% | 10.58% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 7.51% | 36.92% | 15.46% | 21.97% | -27.62% | 33.08% | 10.08% | 43.62% | -15.90% | 33.55% |
Correlation
The correlation between EAIIX and ETG 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. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.27 |
Over the past year, EAIIX and ETG have become more correlated (0.48) than their long-term average of 0.27, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EAIIX vs. ETG — Risk / Return Rank
EAIIX
ETG
EAIIX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Bond Fund (EAIIX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). 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 | ETG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.29 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 1.60 | +2.62 |
| Martin ratioReturn relative to average drawdown | 15.11 | 6.33 | +8.78 |
Loading charts...
Drawdowns
EAIIX vs. ETG - Drawdown Comparison
The maximum EAIIX drawdown since its inception was -25.32%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for EAIIX and ETG.
Loading charts...
Drawdown Indicators
| EAIIX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -74.76% | +49.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -16.64% | +14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -8.35% | -16.95% | +8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -31.64% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -25.32% | -51.53% | +26.21% |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -13.39% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 4.19% | -3.54% |
Volatility
EAIIX vs. ETG - Volatility Comparison
The current volatility for Eaton Vance Global Bond Fund (EAIIX) is 0.75%, while Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) has a volatility of 4.83%. This indicates that EAIIX experiences smaller price fluctuations and is considered to be less risky than ETG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EAIIX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 4.83% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 13.45% | -10.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 16.06% | -12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 19.88% | -13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 21.21% | -15.72% |
EAIIX vs. ETG - Expense Ratio Comparison
EAIIX has a 1.02% expense ratio, which is lower than ETG's 2.57% expense ratio.
Dividends
EAIIX vs. ETG - Dividend Comparison
EAIIX's dividend yield for the trailing twelve months is around 8.79%, more than ETG's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 8.79% | 7.44% | 4.80% | 4.42% | 4.54% | 5.37% | 6.13% | 5.69% | 4.70% | 4.43% | 5.53% | 5.89% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 6.50% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
Frequently Asked Questions
EAIIX and ETG 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.
ETG has higher volatility (4.83%) compared to EAIIX (0.75%). In terms of maximum drawdown, EAIIX dropped -25.32% vs ETG's -74.76%.
EAIIX currently has the higher Sharpe Ratio (3.18 vs 1.66), 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.
Find the right allocation for EAIIX and ETG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer