ECSIX vs. ^GSPC
Compare and contrast key facts about Eaton Vance Short Duration Strategic Income Fund (ECSIX) and S&P 500 (^GSPC).
ECSIX is managed by Eaton Vance. It was launched on May 24, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECSIX or ^GSPC.
Correlation
The correlation between ECSIX and ^GSPC is 0.18, 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
ECSIX vs. ^GSPC - Performance Comparison
Key characteristics
ECSIX:
2.27
^GSPC:
1.34
ECSIX:
3.39
^GSPC:
1.83
ECSIX:
1.45
^GSPC:
1.24
ECSIX:
3.93
^GSPC:
2.03
ECSIX:
9.27
^GSPC:
8.08
ECSIX:
0.91%
^GSPC:
2.14%
ECSIX:
3.71%
^GSPC:
12.93%
ECSIX:
-25.65%
^GSPC:
-56.78%
ECSIX:
-0.63%
^GSPC:
-3.09%
Returns By Period
In the year-to-date period, ECSIX achieves a 2.13% return, which is significantly higher than ^GSPC's 1.24% return. Over the past 10 years, ECSIX has underperformed ^GSPC with an annualized return of 2.84%, while ^GSPC has yielded a comparatively higher 11.02% annualized return.
ECSIX
2.13%
0.64%
2.57%
7.66%
3.72%
2.84%
^GSPC
1.24%
-1.92%
5.42%
15.91%
14.06%
11.02%
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Risk-Adjusted Performance
ECSIX vs. ^GSPC — Risk-Adjusted Performance Rank
ECSIX
^GSPC
ECSIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Strategic Income Fund (ECSIX) and S&P 500 (^GSPC). 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.
Drawdowns
ECSIX vs. ^GSPC - Drawdown Comparison
The maximum ECSIX drawdown since its inception was -25.65%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ECSIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ECSIX vs. ^GSPC - Volatility Comparison
The current volatility for Eaton Vance Short Duration Strategic Income Fund (ECSIX) is 1.19%, while S&P 500 (^GSPC) has a volatility of 3.71%. This indicates that ECSIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.