EAIIX vs. OPSIX
EAIIX (Eaton Vance Global Bond Fund) and OPSIX (Invesco Global Strategic Income Fund) are both Global Bonds funds. Over the past 10 years, EAIIX returned 2.77%/yr vs 1.68%/yr for OPSIX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. EAIIX charges 1.02%/yr vs 1.00%/yr for OPSIX.
Performance
EAIIX vs. OPSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EAIIX achieves a 4.35% return, which is significantly higher than OPSIX's -3.33% return. Over the past 10 years, EAIIX has outperformed OPSIX with an annualized return of 2.77%, while OPSIX has yielded a comparatively lower 1.68% 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%
OPSIX
- 1D
- 0.00%
- 1M
- -0.64%
- 6M
- -3.62%
- YTD
- -3.33%
- 1Y
- 0.45%
- 3Y*
- 4.59%
- 5Y*
- 0.88%
- 10Y*
- 1.68%
- ALL TIME*
- 5.49%
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. OPSIX - 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% |
OPSIX Invesco Global Strategic Income Fund | -3.33% | 11.76% | 2.79% | 7.62% | -12.37% | -3.32% | 3.52% | 10.60% | -4.67% | 6.22% |
Correlation
The correlation between EAIIX and OPSIX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.51 |
The correlation between EAIIX and OPSIX shifts across timeframes, from 0.51 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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. OPSIX — Risk / Return Rank
EAIIX
OPSIX
EAIIX vs. OPSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Bond Fund (EAIIX) and Invesco Global Strategic Income Fund (OPSIX). 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 | OPSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.04 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 0.18 | +4.04 |
| Martin ratioReturn relative to average drawdown | 15.11 | 0.48 | +14.63 |
Loading charts...
Drawdowns
EAIIX vs. OPSIX - Drawdown Comparison
The maximum EAIIX drawdown since its inception was -25.32%, roughly equal to the maximum OPSIX drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for EAIIX and OPSIX.
Loading charts...
Drawdown Indicators
| EAIIX | OPSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -25.45% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -8.71% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.35% | -8.71% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -20.61% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -25.32% | -25.13% | -0.19% |
Current DrawdownCurrent decline from peak | -0.15% | -4.49% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -2.92% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 3.11% | -2.46% |
Volatility
EAIIX vs. OPSIX - Volatility Comparison
The current volatility for Eaton Vance Global Bond Fund (EAIIX) is 0.75%, while Invesco Global Strategic Income Fund (OPSIX) has a volatility of 2.35%. This indicates that EAIIX experiences smaller price fluctuations and is considered to be less risky than OPSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EAIIX | OPSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 2.35% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 8.63% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 9.81% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 7.43% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 7.21% | -1.72% |
EAIIX vs. OPSIX - Expense Ratio Comparison
EAIIX has a 1.02% expense ratio, which is higher than OPSIX's 1.00% expense ratio.
Dividends
EAIIX vs. OPSIX - Dividend Comparison
EAIIX's dividend yield for the trailing twelve months is around 8.79%, more than OPSIX's 3.35% 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% |
OPSIX Invesco Global Strategic Income Fund | 3.35% | 4.39% | 5.02% | 4.03% | 2.89% | 2.63% | 2.71% | 4.57% | 5.28% | 4.24% | 3.51% | 4.50% |
Frequently Asked Questions
EAIIX and OPSIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPSIX has higher volatility (2.35%) compared to EAIIX (0.75%). In terms of maximum drawdown, EAIIX dropped -25.32% vs OPSIX's -25.45%.
EAIIX currently has the higher Sharpe Ratio (3.18 vs 0.16), 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 OPSIX
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