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.
Correlation
The correlation between EARRX and SPIB is 0.14, 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
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Key characteristics
EARRX:
3.16
SPIB:
1.81
EARRX:
4.70
SPIB:
2.63
EARRX:
1.79
SPIB:
1.33
EARRX:
5.31
SPIB:
1.39
EARRX:
25.13
SPIB:
6.98
EARRX:
0.25%
SPIB:
0.95%
EARRX:
2.00%
SPIB:
3.74%
EARRX:
-10.27%
SPIB:
-14.94%
EARRX:
-0.49%
SPIB:
-0.50%
Returns By Period
In the year-to-date period, EARRX achieves a 2.79% return, which is significantly higher than SPIB's 2.29% return. Over the past 10 years, EARRX has outperformed SPIB with an annualized return of 3.27%, while SPIB has yielded a comparatively lower 2.58% annualized return.
EARRX
2.79%
1.10%
3.13%
6.28%
5.58%
3.27%
SPIB
2.29%
1.57%
2.53%
6.74%
1.73%
2.58%
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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 Rank
EARRX
SPIB
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.
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Dividends
EARRX vs. SPIB - Dividend Comparison
EARRX's dividend yield for the trailing twelve months is around 4.14%, less than SPIB's 4.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 4.14% | 3.83% | 4.25% | 4.82% | 3.32% | 2.03% | 2.46% | 2.67% | 1.89% | 2.00% | 1.73% | 2.06% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.47% | 4.41% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.03% | 2.79% | 2.68% | 2.69% | 2.65% |
Drawdowns
EARRX vs. SPIB - Drawdown Comparison
The maximum EARRX drawdown since its inception was -10.27%, 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.
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Volatility
EARRX vs. SPIB - Volatility Comparison
The current volatility for Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) is 0.88%, while SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a volatility of 1.10%. 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.
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