EEIIX vs. LSPIX

Last updated Aug 4, 2026

EEIIX (Eaton Vance Emerging Markets Local Income Fund Class I) and LSPIX (LoCorr Spectrum Income Fund) are both mutual funds - EEIIX is a Emerging Markets Bonds fund actively managed by Eaton Vance, while LSPIX is a Diversified Portfolio fund managed by LoCorr. Over the past 10 years, EEIIX returned 5.18%/yr vs 5.09%/yr for LSPIX. Their 0.42 correlation means their historical movements had little consistent relationship. EEIIX charges 1.01%/yr vs 1.73%/yr for LSPIX.

Performance

EEIIX vs. LSPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) and LoCorr Spectrum Income Fund (LSPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEIIX achieves a 5.16% return, which is significantly lower than LSPIX's 8.25% return. Both investments have delivered pretty close results over the past 10 years, with EEIIX having a 5.18% annualized return and LSPIX not far behind at 5.09%.

EEIIX

• 1D: 0.00%
• 1M: -0.35%
• 6M: 1.82%
• YTD: 5.16%
• 1Y: 16.07%
• 3Y*: 10.22%
• 5Y*: 5.02%
• 10Y*: 5.18%
• ALL TIME*: 3.76%

LSPIX

• 1D: -0.89%
• 1M: 2.01%
• 6M: 4.02%
• YTD: 8.25%
• 1Y: 12.54%
• 3Y*: 10.19%
• 5Y*: 4.23%
• 10Y*: 5.09%
• ALL TIME*: 3.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I	$0.00	$0.00	$0.00
LSPIX LoCorr Spectrum Income Fund	$0.00	$0.00	$0.00

EEIIX vs. LSPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I	5.16%	26.00%	-0.97%	13.95%	-11.53%	-7.57%	5.00%	23.01%	-8.11%	16.45%
LSPIX LoCorr Spectrum Income Fund	8.25%	9.86%	9.14%	2.04%	-8.59%	21.49%	-2.64%	18.75%	-7.91%	3.86%

Correlation

The correlation between EEIIX and LSPIX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.38
Correlation (5Y) Shows whether the relationship held over a longer period.	0.41
Correlation (10Y) Provides a long-term view across more market conditions.	0.38
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.42

Return for Risk

EEIIX vs. LSPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EEIIX

EEIIX Risk / Return Rank: 78
EEIIX Sharpe Ratio Rank: 90
EEIIX Sortino Ratio Rank: 88
EEIIX Omega Ratio Rank: 87
EEIIX Calmar Ratio Rank: 66
EEIIX Martin Ratio Rank: 60

LSPIX

LSPIX Risk / Return Rank: 42
LSPIX Sharpe Ratio Rank: 45
LSPIX Sortino Ratio Rank: 41
LSPIX Omega Ratio Rank: 40
LSPIX Calmar Ratio Rank: 48
LSPIX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EEIIX vs. LSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) and LoCorr Spectrum Income Fund (LSPIX). 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.

	EEIIX	LSPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.38	+0.90
Sortino ratio: Return per unit of downside risk	3.25	1.92	+1.33
Omega ratio: Gain probability vs. loss probability	1.44	1.24	+0.20
Calmar ratio: Return relative to maximum drawdown	2.34	1.99	+0.35
Martin ratio: Return relative to average drawdown	8.32	5.58	+2.74

EEIIX vs. LSPIX - Sharpe Ratio Comparison

The current EEIIX Sharpe Ratio is 2.29, which is higher than the LSPIX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of EEIIX and LSPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EEIIX vs. LSPIX - Drawdown Comparison

The maximum EEIIX drawdown since its inception was -31.11%, smaller than the maximum LSPIX drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for EEIIX and LSPIX.

Drawdown Indicators

	EEIIX	LSPIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.11%	-43.64%	+12.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-6.02%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-8.34%	-13.07%	+4.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.70%	-18.93%	-6.77%
Max Drawdown (10Y) Largest decline over 10 years	-28.05%	-43.64%	+15.59%
Current Drawdown Current decline from peak	-0.65%	-0.96%	+0.31%
Average Drawdown Average peak-to-trough decline	-8.63%	-8.39%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.14%	-0.12%

Volatility

EEIIX vs. LSPIX - Volatility Comparison

Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) and LoCorr Spectrum Income Fund (LSPIX) have volatilities of 1.95% and 2.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEIIX	LSPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	2.05%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.46%	6.59%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	7.37%	8.64%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.10%	11.76%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.30%	15.20%	-6.90%

EEIIX vs. LSPIX - Expense Ratio Comparison

EEIIX has a 1.01% expense ratio, which is lower than LSPIX's 1.73% expense ratio.

Dividends

EEIIX vs. LSPIX - Dividend Comparison

EEIIX's dividend yield for the trailing twelve months is around 10.29%, more than LSPIX's 7.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I	10.29%	10.36%	11.46%	11.62%	13.71%	11.49%	10.06%	13.31%	10.80%	9.04%	11.27%	12.21%
LSPIX LoCorr Spectrum Income Fund	7.87%	8.91%	8.96%	8.96%	11.00%	6.91%	7.83%	7.56%	9.60%	8.13%	7.80%	7.71%

Frequently Asked Questions

Can I hold both EEIIX and LSPIX in my portfolio?

EEIIX and LSPIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEIIX or LSPIX?

LSPIX has higher volatility (2.05%) compared to EEIIX (1.95%). In terms of maximum drawdown, EEIIX dropped -31.11% vs LSPIX's -43.64%.

Which has better risk-adjusted returns?

EEIIX currently has the higher Sharpe Ratio (2.29 vs 1.38), 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.