ECHIX vs. FQTIX
Compare and contrast key facts about Eaton Vance High Income Opportunities Fund (ECHIX) and Franklin Templeton SMACS: Series I (FQTIX).
ECHIX is managed by Eaton Vance. It was launched on Jun 8, 1994. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
ECHIX vs. FQTIX - Performance Comparison
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ECHIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ECHIX Eaton Vance High Income Opportunities Fund | -1.69% | 7.33% | 6.12% | 9.85% | -8.06% | 6.43% | 3.83% | 16.43% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, ECHIX achieves a -1.69% return, which is significantly lower than FQTIX's 0.52% return.
ECHIX
- 1D
- 0.24%
- 1M
- -2.34%
- YTD
- -1.69%
- 6M
- -0.34%
- 1Y
- 5.08%
- 3Y*
- 5.86%
- 5Y*
- 3.55%
- 10Y*
- 5.48%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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ECHIX vs. FQTIX - Expense Ratio Comparison
ECHIX has a 1.65% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
ECHIX vs. FQTIX — Risk / Return Rank
ECHIX
FQTIX
ECHIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Opportunities Fund (ECHIX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| ECHIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 2.55 | -0.97 |
Sortino ratioReturn per unit of downside risk | 2.28 | 3.46 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.61 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.85 | -1.99 |
Martin ratioReturn relative to average drawdown | 8.49 | 17.15 | -8.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECHIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.55 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.61 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.55 | +0.26 |
Correlation
The correlation between ECHIX and FQTIX is 0.72, 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
ECHIX vs. FQTIX - Dividend Comparison
ECHIX's dividend yield for the trailing twelve months is around 5.05%, less than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHIX Eaton Vance High Income Opportunities Fund | 5.05% | 5.37% | 4.96% | 4.11% | 4.71% | 4.18% | 4.61% | 13.45% | 4.91% | 4.51% | 4.76% | 5.51% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ECHIX vs. FQTIX - Drawdown Comparison
The maximum ECHIX drawdown since its inception was -43.51%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for ECHIX and FQTIX.
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Drawdown Indicators
| ECHIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -24.62% | -18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.41% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.47% | -18.81% | +6.34% |
Max Drawdown (10Y)Largest decline over 10 years | -22.88% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.95% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -4.42% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.54% | +0.09% |
Volatility
ECHIX vs. FQTIX - Volatility Comparison
The current volatility for Eaton Vance High Income Opportunities Fund (ECHIX) is 1.35%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that ECHIX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECHIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.57% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 2.38% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.85% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 5.92% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.38% | 7.80% | -1.42% |