ECFHX vs. EIGMX
ECFHX (Eaton Vance Floating-Rate & High Income Fund) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - ECFHX is a Bank Loan fund managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, ECFHX returned 3.62%/yr vs 4.95%/yr for EIGMX. At a 0.22 correlation, their price movements are largely independent. ECFHX charges 1.77%/yr vs 0.76%/yr for EIGMX.
Performance
ECFHX vs. EIGMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ECFHX achieves a 0.09% return, which is significantly lower than EIGMX's 4.73% return. Over the past 10 years, ECFHX has underperformed EIGMX with an annualized return of 3.62%, while EIGMX has yielded a comparatively higher 4.95% annualized return.
ECFHX
- 1D
- 0.00%
- 1M
- 0.06%
- YTD
- 0.09%
- 6M
- 0.46%
- 1Y
- 2.27%
- 3Y*
- 5.01%
- 5Y*
- 3.27%
- 10Y*
- 3.62%
EIGMX
- 1D
- 0.00%
- 1M
- 0.66%
- YTD
- 4.73%
- 6M
- 4.94%
- 1Y
- 11.70%
- 3Y*
- 8.97%
- 5Y*
- 6.30%
- 10Y*
- 4.95%
ECFHX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECFHX Eaton Vance Floating-Rate & High Income Fund | 0.09% | 3.54% | 6.21% | 9.73% | -4.11% | 3.71% | 1.79% | 7.01% | -0.77% | 3.60% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 4.73% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Correlation
The correlation between ECFHX and EIGMX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.22 |
The correlation between ECFHX and EIGMX shifts across timeframes, from 0.08 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ECFHX vs. EIGMX — Risk / Return Rank
ECFHX
EIGMX
ECFHX vs. EIGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate & High Income Fund (ECFHX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX). 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.
| ECFHX | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.22 | ||
| Sortino ratioReturn per unit of downside risk | -7.90 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 3.04 | -1.73 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 8.24 | -6.94 |
| Martin ratioReturn relative to average drawdown | 4.37 | 29.81 | -25.44 |
Loading charts...
Drawdowns
ECFHX vs. EIGMX - Drawdown Comparison
The maximum ECFHX drawdown since its inception was -34.41%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for ECFHX and EIGMX.
Loading charts...
Drawdown Indicators
| ECFHX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.41% | -9.42% | -24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.86% | -1.44% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -2.98% | -1.63% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -7.24% | -7.39% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -19.47% | -9.42% | -10.05% |
Current DrawdownCurrent decline from peak | -0.38% | -0.22% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.92% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.40% | +0.15% |
Volatility
ECFHX vs. EIGMX - Volatility Comparison
Eaton Vance Floating-Rate & High Income Fund (ECFHX) has a higher volatility of 0.54% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.46%. This indicates that ECFHX's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ECFHX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.46% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 1.64% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 1.88% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 2.61% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 2.50% | +1.11% |
ECFHX vs. EIGMX - Expense Ratio Comparison
ECFHX has a 1.77% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Dividends
ECFHX vs. EIGMX - Dividend Comparison
ECFHX's dividend yield for the trailing twelve months is around 5.97%, less than EIGMX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECFHX Eaton Vance Floating-Rate & High Income Fund | 5.97% | 6.36% | 6.38% | 5.62% | 4.02% | 2.48% | 2.92% | 4.08% | 3.64% | 3.09% | 3.39% | 3.54% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.64% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
Frequently Asked Questions
ECFHX and EIGMX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECFHX has higher volatility (0.54%) compared to EIGMX (0.46%). In terms of maximum drawdown, ECFHX dropped -34.41% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.34 vs 1.12), 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.
Find the right allocation for ECFHX and EIGMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer