EALDX vs. PLUIX

Last updated Aug 1, 2026

EALDX (Eaton Vance Short Duration Government Income Fund) and PLUIX (Pacific Funds Ultra Short Income) are both Ultrashort Bond funds. Over the past 5 years, EALDX returned 2.15%/yr vs 3.44%/yr for PLUIX. Their 0.30 correlation means their historical movements had little consistent relationship. EALDX charges 0.77%/yr vs 0.32%/yr for PLUIX.

Performance

EALDX vs. PLUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Government Income Fund (EALDX) and Pacific Funds Ultra Short Income (PLUIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EALDX achieves a 0.94% return, which is significantly lower than PLUIX's 1.80% return.

EALDX

• 1D: 0.28%
• 1M: -0.55%
• 6M: 0.64%
• YTD: 0.94%
• 1Y: 3.17%
• 3Y*: 4.36%
• 5Y*: 2.15%
• 10Y*: 1.92%
• ALL TIME*: 2.20%

PLUIX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.46%
• YTD: 1.80%
• 1Y: 3.92%
• 3Y*: 5.04%
• 5Y*: 3.44%
• 10Y*: —
• ALL TIME*: 2.93%

*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)
EALDX Eaton Vance Short Duration Government Income Fund	$0.00	$0.00	$0.00
PLUIX Pacific Funds Ultra Short Income	$0.00	$0.00	$0.00

EALDX vs. PLUIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EALDX Eaton Vance Short Duration Government Income Fund	0.94%	7.76%	3.48%	2.40%	-3.28%	-0.50%	2.54%
PLUIX Pacific Funds Ultra Short Income	1.80%	5.34%	5.57%	5.10%	-0.25%	0.16%	1.73%

Correlation

The correlation between EALDX and PLUIX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.34
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.30

The correlation between EALDX and PLUIX shifts across timeframes, from 0.30 (all time) to 0.42 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EALDX vs. PLUIX — Risk / Return Rank

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

EALDX

EALDX Risk / Return Rank: 75
EALDX Sharpe Ratio Rank: 62
EALDX Sortino Ratio Rank: 74
EALDX Omega Ratio Rank: 74
EALDX Calmar Ratio Rank: 82
EALDX Martin Ratio Rank: 83

PLUIX

PLUIX Risk / Return Rank: 99
PLUIX Sharpe Ratio Rank: 99
PLUIX Sortino Ratio Rank: 100
PLUIX Omega Ratio Rank: 100
PLUIX Calmar Ratio Rank: 99
PLUIX Martin Ratio Rank: 99

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.

EALDX vs. PLUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Government Income Fund (EALDX) and Pacific Funds Ultra Short Income (PLUIX). 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.

	EALDX	PLUIX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	3.54	-2.00
Sortino ratio: Return per unit of downside risk	2.58	13.04	-10.46
Omega ratio: Gain probability vs. loss probability	1.33	4.85	-3.51
Calmar ratio: Return relative to maximum drawdown	2.83	14.78	-11.94
Martin ratio: Return relative to average drawdown	10.60	66.57	-55.98

EALDX vs. PLUIX - Sharpe Ratio Comparison

The current EALDX Sharpe Ratio is 1.55, which is lower than the PLUIX Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of EALDX and PLUIX, 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

EALDX vs. PLUIX - Drawdown Comparison

The maximum EALDX drawdown since its inception was -6.12%, roughly equal to the maximum PLUIX drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for EALDX and PLUIX.

Drawdown Indicators

	EALDX	PLUIX	Difference
Max Drawdown Largest peak-to-trough decline	-6.12%	-6.16%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	-1.50%	-0.30%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-3.48%	-0.40%	-3.08%
Max Drawdown (5Y) Largest decline over 5 years	-5.77%	-1.98%	-3.79%
Max Drawdown (10Y) Largest decline over 10 years	-6.12%	—	—
Current Drawdown Current decline from peak	-0.69%	0.00%	-0.69%
Average Drawdown Average peak-to-trough decline	-0.62%	-0.31%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	0.07%	+0.33%

Volatility

EALDX vs. PLUIX - Volatility Comparison

Eaton Vance Short Duration Government Income Fund (EALDX) has a higher volatility of 0.84% compared to Pacific Funds Ultra Short Income (PLUIX) at 0.15%. This indicates that EALDX's price experiences larger fluctuations and is considered to be riskier than PLUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EALDX	PLUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.15%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	2.21%	0.83%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	2.74%	1.25%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.28%	1.34%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.52%	1.53%	+0.99%

EALDX vs. PLUIX - Expense Ratio Comparison

EALDX has a 0.77% expense ratio, which is higher than PLUIX's 0.32% expense ratio.

Dividends

EALDX vs. PLUIX - Dividend Comparison

EALDX's dividend yield for the trailing twelve months is around 4.97%, more than PLUIX's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EALDX Eaton Vance Short Duration Government Income Fund	4.97%	5.52%	5.52%	4.70%	2.69%	1.50%	2.01%	2.72%	2.61%	2.29%	2.17%	3.07%
PLUIX Pacific Funds Ultra Short Income	4.25%	5.01%	4.89%	4.14%	1.36%	0.96%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EALDX and PLUIX in my portfolio?

EALDX and PLUIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EALDX or PLUIX?

EALDX has higher volatility (0.84%) compared to PLUIX (0.15%). In terms of maximum drawdown, EALDX dropped -6.12% vs PLUIX's -6.16%.

Which has better risk-adjusted returns?

PLUIX currently has the higher Sharpe Ratio (3.54 vs 1.55), 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.