EDIAX vs. EGRIX
EDIAX (Eaton Vance Global Income Builder Fund) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both mutual funds - EDIAX is a Global Allocation fund managed by Eaton Vance, while EGRIX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EDIAX returned 8.53%/yr vs 6.57%/yr for EGRIX. Their 0.22 correlation means their historical movements had little consistent relationship. EDIAX charges 1.17%/yr vs 1.05%/yr for EGRIX.
Performance
EDIAX vs. EGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, EDIAX achieves a 7.32% return, which is significantly lower than EGRIX's 8.64% return. Over the past 10 years, EDIAX has outperformed EGRIX with an annualized return of 8.53%, while EGRIX has yielded a comparatively lower 6.57% annualized return.
EDIAX
- 1D
- 1.80%
- 1M
- 0.28%
- 6M
- 4.31%
- YTD
- 7.32%
- 1Y
- 17.81%
- 3Y*
- 13.06%
- 5Y*
- 7.06%
- 10Y*
- 8.53%
- ALL TIME*
- 6.09%
EGRIX
- 1D
- 0.16%
- 1M
- 0.16%
- 6M
- 4.18%
- YTD
- 8.64%
- 1Y
- 18.83%
- 3Y*
- 13.26%
- 5Y*
- 9.02%
- 10Y*
- 6.57%
- ALL TIME*
- 5.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EDIAX vs. EGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDIAX Eaton Vance Global Income Builder Fund | 7.32% | 19.06% | 7.87% | 18.49% | -16.78% | 15.14% | 10.53% | 23.50% | -8.42% | 15.81% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 8.64% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Correlation
The correlation between EDIAX and EGRIX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2010 | 0.22 |
The correlation between EDIAX and EGRIX shifts across timeframes, from 0.19 (5 years) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EDIAX vs. EGRIX — Risk / Return Rank
EDIAX
EGRIX
EDIAX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Income Builder Fund (EDIAX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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.
| EDIAX | EGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -5.38 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 2.38 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 5.71 | -3.77 |
| Martin ratioReturn relative to average drawdown | 8.48 | 20.55 | -12.07 |
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Drawdowns
EDIAX vs. EGRIX - Drawdown Comparison
The maximum EDIAX drawdown since its inception was -51.79%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for EDIAX and EGRIX.
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Drawdown Indicators
| EDIAX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.79% | -14.17% | -37.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.41% | -3.37% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -10.74% | -3.37% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -10.18% | -13.68% |
Max Drawdown (10Y)Largest decline over 10 years | -30.57% | -14.17% | -16.40% |
Current DrawdownCurrent decline from peak | -0.52% | -0.08% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -1.82% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.93% | +0.99% |
Volatility
EDIAX vs. EGRIX - Volatility Comparison
Eaton Vance Global Income Builder Fund (EDIAX) has a higher volatility of 2.80% compared to Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) at 0.84%. This indicates that EDIAX's price experiences larger fluctuations and is considered to be riskier than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDIAX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 0.84% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 3.08% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 3.59% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 4.04% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.05% | 3.96% | +8.09% |
EDIAX vs. EGRIX - Expense Ratio Comparison
EDIAX has a 1.17% expense ratio, which is higher than EGRIX's 1.05% expense ratio.
Dividends
EDIAX vs. EGRIX - Dividend Comparison
EDIAX's dividend yield for the trailing twelve months is around 4.60%, less than EGRIX's 6.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDIAX Eaton Vance Global Income Builder Fund | 4.60% | 4.12% | 7.64% | 3.36% | 3.54% | 4.07% | 3.15% | 3.36% | 4.00% | 3.24% | 3.63% | 3.94% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.13% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
Frequently Asked Questions
EDIAX and EGRIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDIAX has higher volatility (2.80%) compared to EGRIX (0.84%). In terms of maximum drawdown, EDIAX dropped -51.79% vs EGRIX's -14.17%.
EGRIX currently has the higher Sharpe Ratio (5.35 vs 1.57), 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.
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