ECSIX vs. PIMIX
Compare and contrast key facts about Eaton Vance Short Duration Strategic Income Fund (ECSIX) and PIMCO Income Fund Institutional Class (PIMIX).
ECSIX is managed by Eaton Vance. It was launched on May 24, 1994. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECSIX or PIMIX.
Key characteristics
| ECSIX | PIMIX | |
|---|---|---|
| YTD Return | 6.07% | 5.64% |
| 1Y Return | 10.64% | 10.85% |
| 3Y Return (Ann) | 3.00% | 2.32% |
| 5Y Return (Ann) | 3.95% | 3.66% |
| 10Y Return (Ann) | 2.85% | 4.34% |
| Sharpe Ratio | 2.54 | 2.25 |
| Daily Std Dev | 4.27% | 4.98% |
| Max Drawdown | -25.65% | -13.39% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ECSIX and PIMIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ECSIX vs. PIMIX - Performance Comparison
In the year-to-date period, ECSIX achieves a 6.07% return, which is significantly higher than PIMIX's 5.64% return. Over the past 10 years, ECSIX has underperformed PIMIX with an annualized return of 2.85%, while PIMIX has yielded a comparatively higher 4.34% 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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ECSIX vs. PIMIX - Expense Ratio Comparison
ECSIX has a 1.82% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
ECSIX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Strategic Income Fund (ECSIX) and PIMCO Income Fund Institutional Class (PIMIX). 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
ECSIX vs. PIMIX - Dividend Comparison
ECSIX's dividend yield for the trailing twelve months is around 6.09%, which matches PIMIX's 6.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECSIX Eaton Vance Short Duration Strategic Income Fund | 6.09% | 6.19% | 4.78% | 3.54% | 3.47% | 6.26% | 3.19% | 2.96% | 3.20% | 3.54% | 6.21% | 4.04% |
PIMIX PIMCO Income Fund Institutional Class | 6.13% | 6.73% | 6.39% | 4.02% | 4.84% | 5.80% | 5.62% | 5.39% | 5.57% | 7.92% | 6.51% | 5.60% |
Drawdowns
ECSIX vs. PIMIX - Drawdown Comparison
The maximum ECSIX drawdown since its inception was -25.65%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for ECSIX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
ECSIX vs. PIMIX - Volatility Comparison
Eaton Vance Short Duration Strategic Income Fund (ECSIX) has a higher volatility of 0.84% compared to PIMCO Income Fund Institutional Class (PIMIX) at 0.76%. This indicates that ECSIX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.