EARRX vs. SPIB
Compare and contrast key facts about Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).
EARRX is managed by Eaton Vance. It was launched on Mar 31, 2010. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EARRX or SPIB.
Key characteristics
| EARRX | SPIB | |
|---|---|---|
| YTD Return | 5.15% | 4.44% |
| 1Y Return | 7.31% | 9.87% |
| 3Y Return (Ann) | 2.39% | 0.43% |
| 5Y Return (Ann) | 4.27% | 1.69% |
| 10Y Return (Ann) | 2.92% | 2.58% |
| Sharpe Ratio | 3.69 | 2.58 |
| Sortino Ratio | 6.72 | 4.05 |
| Omega Ratio | 2.02 | 1.50 |
| Calmar Ratio | 6.51 | 1.09 |
| Martin Ratio | 40.36 | 13.59 |
| Ulcer Index | 0.18% | 0.74% |
| Daily Std Dev | 1.98% | 3.92% |
| Max Drawdown | -10.28% | -14.94% |
| Current Drawdown | -0.20% | -1.51% |
Correlation
The correlation between EARRX and SPIB is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EARRX vs. SPIB - Performance Comparison
In the year-to-date period, EARRX achieves a 5.15% return, which is significantly higher than SPIB's 4.44% return. Over the past 10 years, EARRX has outperformed SPIB with an annualized return of 2.92%, while SPIB has yielded a comparatively lower 2.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EARRX vs. SPIB - Expense Ratio Comparison
EARRX has a 0.85% expense ratio, which is higher than SPIB's 0.07% expense ratio.
Risk-Adjusted Performance
EARRX vs. SPIB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). 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
EARRX vs. SPIB - Dividend Comparison
EARRX's dividend yield for the trailing twelve months is around 4.39%, which matches SPIB's 4.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 4.39% | 4.25% | 4.82% | 3.32% | 2.03% | 2.46% | 2.67% | 1.89% | 2.00% | 1.73% | 2.06% | 1.30% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.37% | 3.83% | 2.65% | 1.58% | 2.18% | 3.04% | 3.04% | 2.79% | 2.69% | 2.70% | 2.65% | 3.03% |
Drawdowns
EARRX vs. SPIB - Drawdown Comparison
The maximum EARRX drawdown since its inception was -10.28%, smaller than the maximum SPIB drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for EARRX and SPIB. For additional features, visit the drawdowns tool.
Volatility
EARRX vs. SPIB - Volatility Comparison
The current volatility for Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) is 0.47%, while SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a volatility of 1.11%. This indicates that EARRX experiences smaller price fluctuations and is considered to be less risky than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.