EAIIX vs. SAXIX

Last updated Aug 1, 2026

EAIIX (Eaton Vance Global Bond Fund) and SAXIX (SA Global Fixed Income Fund) are both Global Bonds funds. Over the past 10 years, EAIIX returned 2.80%/yr vs 1.24%/yr for SAXIX. Their 0.18 correlation means their historical movements had little consistent relationship. EAIIX charges 1.02%/yr vs 0.71%/yr for SAXIX.

Performance

EAIIX vs. SAXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Global Bond Fund (EAIIX) and SA Global Fixed Income Fund (SAXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EAIIX achieves a 4.51% return, which is significantly higher than SAXIX's 1.50% return. Over the past 10 years, EAIIX has outperformed SAXIX with an annualized return of 2.80%, while SAXIX has yielded a comparatively lower 1.24% 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%

SAXIX

• 1D: 0.00%
• 1M: -0.34%
• 6M: 0.92%
• YTD: 1.50%
• 1Y: 3.23%
• 3Y*: 4.61%
• 5Y*: 1.33%
• 10Y*: 1.24%
• ALL TIME*: 1.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EAIIX Eaton Vance Global Bond Fund	$0.00	$0.00	$0.00
SAXIX SA Global Fixed Income Fund	$0.00	$0.00	$0.00

EAIIX vs. SAXIX - 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%
SAXIX SA Global Fixed Income Fund	1.50%	4.87%	5.33%	4.55%	-6.79%	-1.59%	0.89%	3.40%	1.17%	1.17%

Correlation

The correlation between EAIIX and SAXIX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.38
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (10Y) Provides a long-term view across more market conditions.	0.26
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007	0.18

The correlation between EAIIX and SAXIX shifts across timeframes, from 0.18 (all time) to 0.38 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EAIIX vs. SAXIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EAIIX

EAIIX Risk / Return Rank: 97
EAIIX Sharpe Ratio Rank: 98
EAIIX Sortino Ratio Rank: 98
EAIIX Omega Ratio Rank: 97
EAIIX Calmar Ratio Rank: 95
EAIIX Martin Ratio Rank: 95

SAXIX

SAXIX Risk / Return Rank: 72
SAXIX Sharpe Ratio Rank: 77
SAXIX Sortino Ratio Rank: 80
SAXIX Omega Ratio Rank: 81
SAXIX Calmar Ratio Rank: 68
SAXIX Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EAIIX vs. SAXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Bond Fund (EAIIX) and SA Global Fixed Income Fund (SAXIX). 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	SAXIX	Difference
Sharpe ratio: Return per unit of total volatility	3.23	1.83	+1.41
Sortino ratio: Return per unit of downside risk	5.00	2.79	+2.21
Omega ratio: Gain probability vs. loss probability	1.70	1.38	+0.32
Calmar ratio: Return relative to maximum drawdown	4.28	2.26	+2.02
Martin ratio: Return relative to average drawdown	15.36	7.27	+8.08

EAIIX vs. SAXIX - Sharpe Ratio Comparison

The current EAIIX Sharpe Ratio is 3.23, which is higher than the SAXIX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of EAIIX and SAXIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EAIIX vs. SAXIX - Drawdown Comparison

The maximum EAIIX drawdown since its inception was -25.32%, which is greater than SAXIX's maximum drawdown of -9.94%. Use the drawdown chart below to compare losses from any high point for EAIIX and SAXIX.

Drawdown Indicators

	EAIIX	SAXIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.32%	-9.94%	-15.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.33%	-1.59%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-8.35%	-2.65%	-5.70%
Max Drawdown (5Y) Largest decline over 5 years	-23.13%	-9.84%	-13.29%
Max Drawdown (10Y) Largest decline over 10 years	-25.32%	-9.94%	-15.38%
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-5.01%	-1.90%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.48%	+0.17%

Volatility

EAIIX vs. SAXIX - Volatility Comparison

Eaton Vance Global Bond Fund (EAIIX) has a higher volatility of 0.73% compared to SA Global Fixed Income Fund (SAXIX) at 0.54%. This indicates that EAIIX's price experiences larger fluctuations and is considered to be riskier than SAXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAIIX	SAXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.54%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.53%	1.51%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.13%	1.97%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.54%	2.73%	+3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.48%	2.09%	+3.39%

EAIIX vs. SAXIX - Expense Ratio Comparison

EAIIX has a 1.02% expense ratio, which is higher than SAXIX's 0.71% expense ratio.

Dividends

EAIIX vs. SAXIX - Dividend Comparison

EAIIX's dividend yield for the trailing twelve months is around 8.77%, more than SAXIX's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SAXIX SA Global Fixed Income Fund	4.78%	4.85%	6.01%	0.00%	3.58%	0.00%	2.16%	2.83%	2.11%	0.85%	1.25%	0.80%

Frequently Asked Questions

Can I hold both EAIIX and SAXIX in my portfolio?

EAIIX and SAXIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EAIIX or SAXIX?

EAIIX has higher volatility (0.73%) compared to SAXIX (0.54%). In terms of maximum drawdown, EAIIX dropped -25.32% vs SAXIX's -9.94%.

Which has better risk-adjusted returns?

EAIIX currently has the higher Sharpe Ratio (3.23 vs 1.83), 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.