EEIAX vs. MFHVX
Compare and contrast key facts about Eaton Vance Emerging Markets Local Income Fund (EEIAX) and Mesirow High Yield Fund (MFHVX).
EEIAX is managed by Eaton Vance. It was launched on Jun 26, 2007. MFHVX is managed by Mesirow. It was launched on Dec 3, 2018.
Performance
EEIAX vs. MFHVX - Performance Comparison
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EEIAX vs. MFHVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EEIAX Eaton Vance Emerging Markets Local Income Fund | -0.41% | 23.43% | -1.23% | 13.63% | -11.99% | -7.64% | 4.68% | 22.66% | 0.63% |
MFHVX Mesirow High Yield Fund | -1.11% | 4.56% | 9.72% | 14.09% | -12.06% | 10.53% | 6.88% | 12.81% | -3.06% |
Returns By Period
In the year-to-date period, EEIAX achieves a -0.41% return, which is significantly higher than MFHVX's -1.11% return.
EEIAX
- 1D
- -0.29%
- 1M
- -3.42%
- YTD
- -0.41%
- 6M
- 5.01%
- 1Y
- 17.70%
- 3Y*
- 9.08%
- 5Y*
- 3.95%
- 10Y*
- 4.67%
MFHVX
- 1D
- 0.13%
- 1M
- -2.23%
- YTD
- -1.11%
- 6M
- -1.85%
- 1Y
- 4.77%
- 3Y*
- 7.65%
- 5Y*
- 3.81%
- 10Y*
- —
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EEIAX vs. MFHVX - Expense Ratio Comparison
EEIAX has a 1.19% expense ratio, which is lower than MFHVX's 1.43% expense ratio.
Return for Risk
EEIAX vs. MFHVX — Risk / Return Rank
EEIAX
MFHVX
EEIAX vs. MFHVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund (EEIAX) and Mesirow High Yield Fund (MFHVX). 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.
| EEIAX | MFHVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 0.88 | +1.86 |
Sortino ratioReturn per unit of downside risk | 3.80 | 1.18 | +2.61 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.19 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.04 | +1.50 |
Martin ratioReturn relative to average drawdown | 11.06 | 3.12 | +7.94 |
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
| EEIAX | MFHVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 0.88 | +1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 1.11 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.22 | -0.80 |
Correlation
The correlation between EEIAX and MFHVX is 0.38, 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.
Dividends
EEIAX vs. MFHVX - Dividend Comparison
EEIAX's dividend yield for the trailing twelve months is around 10.42%, more than MFHVX's 8.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEIAX Eaton Vance Emerging Markets Local Income Fund | 10.42% | 8.48% | 11.19% | 11.34% | 13.39% | 11.14% | 9.77% | 13.03% | 10.48% | 8.74% | 10.80% | 11.65% |
MFHVX Mesirow High Yield Fund | 8.89% | 9.41% | 8.98% | 9.66% | 8.95% | 8.44% | 7.30% | 8.61% | 0.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
EEIAX vs. MFHVX - Drawdown Comparison
The maximum EEIAX drawdown since its inception was -31.70%, which is greater than MFHVX's maximum drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for EEIAX and MFHVX.
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Drawdown Indicators
| EEIAX | MFHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -20.95% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -3.17% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.72% | -13.54% | -13.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.43% | — | — |
Current DrawdownCurrent decline from peak | -6.03% | -2.80% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -8.97% | -3.13% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.21% | +0.49% |
Volatility
EEIAX vs. MFHVX - Volatility Comparison
Eaton Vance Emerging Markets Local Income Fund (EEIAX) has a higher volatility of 3.49% compared to Mesirow High Yield Fund (MFHVX) at 1.43%. This indicates that EEIAX's price experiences larger fluctuations and is considered to be riskier than MFHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEIAX | MFHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 1.43% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 2.26% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 4.02% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 3.45% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 4.46% | +3.98% |