EAPCX vs. SWAGX
EAPCX (Parametric Commodity Strategy Fund Class A) and SWAGX (Schwab U.S. Aggregate Bond Index Fund) are both mutual funds - EAPCX is a Commodities fund managed by Eaton Vance, while SWAGX is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Over the past 5 years, EAPCX returned 14.01%/yr vs -0.16%/yr for SWAGX. At a correlation of -0.04, they often move in opposite directions. EAPCX charges 0.91%/yr vs 0.04%/yr for SWAGX.
Performance
EAPCX vs. SWAGX - Performance Comparison
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Returns By Period
In the year-to-date period, EAPCX achieves a 15.73% return, which is significantly higher than SWAGX's 0.38% return.
EAPCX
- 1D
- -1.17%
- 1M
- -5.49%
- YTD
- 15.73%
- 6M
- 16.26%
- 1Y
- 28.40%
- 3Y*
- 14.39%
- 5Y*
- 14.01%
- 10Y*
- 9.95%
SWAGX
- 1D
- 0.22%
- 1M
- 0.81%
- YTD
- 0.38%
- 6M
- 0.74%
- 1Y
- 4.66%
- 3Y*
- 4.01%
- 5Y*
- -0.16%
- 10Y*
- —
EAPCX vs. SWAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAPCX Parametric Commodity Strategy Fund Class A | 15.73% | 22.06% | 9.63% | -4.87% | 17.26% | 29.92% | 7.77% | 9.19% | -9.60% | 3.42% |
SWAGX Schwab U.S. Aggregate Bond Index Fund | 0.38% | 7.11% | 1.38% | 5.46% | -13.62% | -2.29% | 7.39% | 8.64% | -0.11% | 2.62% |
Correlation
The correlation between EAPCX and SWAGX is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | -0.04 |
The correlation between EAPCX and SWAGX shifts across timeframes, from -0.17 (1 year) to -0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EAPCX vs. SWAGX — Risk / Return Rank
EAPCX
SWAGX
EAPCX vs. SWAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class A (EAPCX) and Schwab U.S. Aggregate Bond Index Fund (SWAGX). 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.
| EAPCX | SWAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.57 | +1.50 |
| Martin ratioReturn relative to average drawdown | 10.64 | 4.48 | +6.16 |
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Drawdowns
EAPCX vs. SWAGX - Drawdown Comparison
The maximum EAPCX drawdown since its inception was -52.59%, which is greater than SWAGX's maximum drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for EAPCX and SWAGX.
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Drawdown Indicators
| EAPCX | SWAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.59% | -19.68% | -32.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -3.05% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -6.14% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -18.76% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -28.81% | — | — |
Current DrawdownCurrent decline from peak | -9.11% | -3.38% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -5.67% | -17.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 1.07% | +1.57% |
Volatility
EAPCX vs. SWAGX - Volatility Comparison
Parametric Commodity Strategy Fund Class A (EAPCX) has a higher volatility of 3.34% compared to Schwab U.S. Aggregate Bond Index Fund (SWAGX) at 1.14%. This indicates that EAPCX's price experiences larger fluctuations and is considered to be riskier than SWAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAPCX | SWAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.14% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 2.94% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 3.95% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 6.09% | +8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 5.11% | +8.15% |
EAPCX vs. SWAGX - Expense Ratio Comparison
EAPCX has a 0.91% expense ratio, which is higher than SWAGX's 0.04% expense ratio.
Dividends
EAPCX vs. SWAGX - Dividend Comparison
EAPCX's dividend yield for the trailing twelve months is around 11.43%, more than SWAGX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EAPCX Parametric Commodity Strategy Fund Class A | 11.43% | 13.23% | 5.46% | 3.43% | 14.80% | 13.74% | 3.01% | 1.11% | 0.41% | 4.98% | 6.49% |
SWAGX Schwab U.S. Aggregate Bond Index Fund | 4.13% | 4.02% | 3.88% | 3.22% | 1.93% | 1.56% | 2.47% | 2.87% | 2.80% | 1.98% | 0.00% |
Frequently Asked Questions
EAPCX and SWAGX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAPCX has higher volatility (3.34%) compared to SWAGX (1.14%). In terms of maximum drawdown, EAPCX dropped -52.59% vs SWAGX's -19.68%.
EAPCX currently has the higher Sharpe Ratio (1.99 vs 1.21), 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.
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