EALDX vs. FSHBX
Compare and contrast key facts about Eaton Vance Short Duration Government Income Fund (EALDX) and Fidelity Short-Term Bond Fund (FSHBX).
EALDX is managed by Eaton Vance. It was launched on Sep 30, 2002. FSHBX is managed by Fidelity. It was launched on Sep 15, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EALDX or FSHBX.
Correlation
The correlation between EALDX and FSHBX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EALDX vs. FSHBX - Performance Comparison
Key characteristics
EALDX:
2.06
FSHBX:
2.65
EALDX:
3.41
FSHBX:
4.53
EALDX:
1.43
FSHBX:
1.68
EALDX:
3.20
FSHBX:
5.86
EALDX:
8.55
FSHBX:
17.07
EALDX:
0.77%
FSHBX:
0.32%
EALDX:
3.27%
FSHBX:
2.06%
EALDX:
-5.69%
FSHBX:
-6.05%
EALDX:
-0.82%
FSHBX:
-0.47%
Returns By Period
In the year-to-date period, EALDX achieves a 2.50% return, which is significantly higher than FSHBX's 1.53% return. Over the past 10 years, EALDX has underperformed FSHBX with an annualized return of 1.56%, while FSHBX has yielded a comparatively higher 1.87% annualized return.
EALDX
2.50%
-0.41%
3.22%
6.69%
1.38%
1.56%
FSHBX
1.53%
-0.12%
2.12%
5.50%
1.85%
1.87%
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EALDX vs. FSHBX - Expense Ratio Comparison
EALDX has a 0.77% expense ratio, which is higher than FSHBX's 0.45% expense ratio.
Risk-Adjusted Performance
EALDX vs. FSHBX — Risk-Adjusted Performance Rank
EALDX
FSHBX
EALDX vs. FSHBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Government Income Fund (EALDX) and Fidelity Short-Term Bond Fund (FSHBX). 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.
Dividends
EALDX vs. FSHBX - Dividend Comparison
EALDX's dividend yield for the trailing twelve months is around 5.33%, more than FSHBX's 3.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EALDX Eaton Vance Short Duration Government Income Fund | 5.33% | 6.02% | 5.62% | 2.69% | 1.50% | 2.01% | 2.97% | 2.61% | 2.29% | 2.17% | 3.08% | 3.19% |
FSHBX Fidelity Short-Term Bond Fund | 3.78% | 4.01% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.78% | 1.28% | 1.00% | 1.02% | 0.92% |
Drawdowns
EALDX vs. FSHBX - Drawdown Comparison
The maximum EALDX drawdown since its inception was -5.69%, smaller than the maximum FSHBX drawdown of -6.05%. Use the drawdown chart below to compare losses from any high point for EALDX and FSHBX. For additional features, visit the drawdowns tool.
Volatility
EALDX vs. FSHBX - Volatility Comparison
Eaton Vance Short Duration Government Income Fund (EALDX) has a higher volatility of 0.75% compared to Fidelity Short-Term Bond Fund (FSHBX) at 0.71%. This indicates that EALDX's price experiences larger fluctuations and is considered to be riskier than FSHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.