EBSIX vs. EBSAX

Last updated Apr 1, 2026

Compare and contrast key facts about Campbell Systematic Macro Fund Class I Shares (EBSIX) and Campbell Systematic Macro Fund Class A Shares (EBSAX).

EBSIX is managed by Campbell & Company. It was launched on Mar 4, 2013. EBSAX is managed by Campbell & Company. It was launched on Mar 4, 2013.

Performance

EBSIX vs. EBSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Campbell Systematic Macro Fund Class I Shares (EBSIX) and Campbell Systematic Macro Fund Class A Shares (EBSAX). The values are adjusted to include any dividend payments, if applicable.

EBSIX vs. EBSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EBSIX Campbell Systematic Macro Fund Class I Shares	7.80%	-1.14%	11.63%	-1.83%	30.91%	9.05%	4.94%
EBSAX Campbell Systematic Macro Fund Class A Shares	7.79%	-1.34%	11.28%	-2.11%	30.56%	8.90%	4.88%

Returns By Period

The year-to-date returns for both stocks are quite close, with EBSIX having a 7.80% return and EBSAX slightly lower at 7.79%.

EBSIX

• 1D: 0.00%
• 1M: 2.96%
• YTD: 7.80%
• 6M: 4.64%
• 1Y: 1.08%
• 3Y*: 3.99%
• 5Y*: 9.60%
• 10Y*: —

EBSAX

• 1D: 0.10%
• 1M: 3.00%
• YTD: 7.79%
• 6M: 4.61%
• 1Y: 0.91%
• 3Y*: 3.76%
• 5Y*: 9.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBSIX vs. EBSAX - Expense Ratio Comparison

EBSIX has a 1.75% expense ratio, which is lower than EBSAX's 2.00% expense ratio.

EBSAX

Campbell Systematic Macro Fund Class A Shares

EBSIX

Campbell Systematic Macro Fund Class I Shares

Return for Risk

EBSIX vs. EBSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBSIX

EBSIX Risk / Return Rank: 9
EBSIX Sharpe Ratio Rank: 10
EBSIX Sortino Ratio Rank: 9
EBSIX Omega Ratio Rank: 8
EBSIX Calmar Ratio Rank: 11
EBSIX Martin Ratio Rank: 8

EBSAX

EBSAX Risk / Return Rank: 8
EBSAX Sharpe Ratio Rank: 8
EBSAX Sortino Ratio Rank: 7
EBSAX Omega Ratio Rank: 7
EBSAX Calmar Ratio Rank: 10
EBSAX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBSIX vs. EBSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class I Shares (EBSIX) and Campbell Systematic Macro Fund Class A Shares (EBSAX). 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.

	EBSIX	EBSAX	Difference
Sharpe ratio Return per unit of total volatility	0.21	0.18	+0.04
Sortino ratio Return per unit of downside risk	0.34	0.30	+0.05
Omega ratio Gain probability vs. loss probability	1.04	1.04	+0.01
Calmar ratio Return relative to maximum drawdown	0.23	0.20	+0.03
Martin ratio Return relative to average drawdown	0.38	0.33	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBSIX vs. EBSAX - Sharpe Ratio Comparison

The current EBSIX Sharpe Ratio is 0.21, which is comparable to the EBSAX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of EBSIX and EBSAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EBSIX	EBSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.18	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.98	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.12	+0.03

Correlation

The correlation between EBSIX and EBSAX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EBSIX vs. EBSAX - Dividend Comparison

EBSIX's dividend yield for the trailing twelve months is around 2.93%, more than EBSAX's 2.78% yield.

	TTM	2025	2024	2023	2022	2021
EBSIX Campbell Systematic Macro Fund Class I Shares	2.93%	3.16%	2.90%	1.82%	15.10%	7.73%
EBSAX Campbell Systematic Macro Fund Class A Shares	2.78%	3.00%	2.59%	1.45%	15.15%	7.02%

Drawdowns

EBSIX vs. EBSAX - Drawdown Comparison

The maximum EBSIX drawdown since its inception was -10.96%, roughly equal to the maximum EBSAX drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for EBSIX and EBSAX.

Drawdown Indicators

	EBSIX	EBSAX	Difference
Max Drawdown Largest peak-to-trough decline	-10.96%	-11.15%	+0.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.43%	-7.59%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-10.96%	-11.15%	+0.19%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.13%	-3.23%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	4.55%	-0.18%

Volatility

EBSIX vs. EBSAX - Volatility Comparison

Campbell Systematic Macro Fund Class I Shares (EBSIX) and Campbell Systematic Macro Fund Class A Shares (EBSAX) have volatilities of 3.04% and 3.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBSIX	EBSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.09%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	6.19%	6.29%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.50%	8.64%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	9.61%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.52%	9.53%	-0.01%