EEIAX vs. EISMX
EEIAX (Eaton Vance Emerging Markets Local Income Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EEIAX is a Emerging Markets Bonds fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EEIAX returned 4.69%/yr vs 10.34%/yr for EISMX. Their 0.39 correlation means their historical movements had little consistent relationship. EEIAX charges 1.19%/yr vs 0.88%/yr for EISMX.
Performance
EEIAX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, EEIAX achieves a 4.98% return, which is significantly lower than EISMX's 5.24% return. Over the past 10 years, EEIAX has underperformed EISMX with an annualized return of 4.69%, while EISMX has yielded a comparatively higher 10.34% annualized return.
EEIAX
- 1D
- 0.76%
- 1M
- -0.37%
- 6M
- 1.69%
- YTD
- 4.98%
- 1Y
- 15.41%
- 3Y*
- 8.97%
- 5Y*
- 4.35%
- 10Y*
- 4.69%
- ALL TIME*
- 4.22%
EISMX
- 1D
- -1.07%
- 1M
- 3.30%
- 6M
- 3.91%
- YTD
- 5.24%
- 1Y
- 2.39%
- 3Y*
- 6.91%
- 5Y*
- 5.08%
- 10Y*
- 10.34%
- ALL TIME*
- 10.64%
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 |
EEIAX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEIAX Eaton Vance Emerging Markets Local Income Fund | 4.98% | 23.43% | -1.23% | 13.63% | -11.99% | -7.64% | 4.68% | 22.66% | -8.38% | 16.10% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 5.24% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between EEIAX and EISMX 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. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.39 |
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Return for Risk
EEIAX vs. EISMX — Risk / Return Rank
EEIAX
EISMX
EEIAX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund (EEIAX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX). 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.
| EEIAX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.00 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.10 | +2.28 |
| Martin ratioReturn relative to average drawdown | 7.76 | -0.20 | +7.96 |
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Drawdowns
EEIAX vs. EISMX - Drawdown Comparison
The maximum EEIAX drawdown since its inception was -31.70%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EEIAX and EISMX.
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Drawdown Indicators
| EEIAX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -45.32% | +13.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -12.69% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | -19.39% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | -19.81% | -6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -28.43% | -39.95% | +11.52% |
Current DrawdownCurrent decline from peak | -0.94% | -6.45% | +5.51% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -5.86% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 6.40% | -4.32% |
Volatility
EEIAX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Emerging Markets Local Income Fund (EEIAX) is 2.05%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 5.63%. This indicates that EEIAX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEIAX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 5.63% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.57% | 12.13% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.49% | 16.19% | -8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.23% | 17.21% | -8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 18.87% | -10.51% |
EEIAX vs. EISMX - Expense Ratio Comparison
EEIAX has a 1.19% expense ratio, which is higher than EISMX's 0.88% expense ratio.
Dividends
EEIAX vs. EISMX - Dividend Comparison
EEIAX's dividend yield for the trailing twelve months is around 10.02%, more than EISMX's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEIAX Eaton Vance Emerging Markets Local Income Fund | 10.02% | 8.48% | 11.19% | 11.34% | 13.39% | 11.14% | 9.77% | 13.03% | 10.48% | 8.74% | 10.80% | 11.65% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.11% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
Frequently Asked Questions
EEIAX and EISMX 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.
EISMX has higher volatility (5.63%) compared to EEIAX (2.05%). In terms of maximum drawdown, EEIAX dropped -31.70% vs EISMX's -45.32%.
EEIAX currently has the higher Sharpe Ratio (2.17 vs -0.08), 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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