EEIIX vs. MLPA
Compare and contrast key facts about Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) and Global X MLP ETF (MLPA).
EEIIX is an actively managed fund by Eaton Vance. It was launched on Nov 27, 2009. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012.
Performance
EEIIX vs. MLPA - Performance Comparison
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EEIIX vs. MLPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I | -1.77% | 26.00% | -0.97% | 13.95% | -11.53% | -7.57% | 5.00% | 23.01% | -8.11% | 16.45% |
MLPA Global X MLP ETF | 13.45% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
Returns By Period
In the year-to-date period, EEIIX achieves a -1.77% return, which is significantly lower than MLPA's 13.45% return. Over the past 10 years, EEIIX has underperformed MLPA with an annualized return of 4.97%, while MLPA has yielded a comparatively higher 8.14% annualized return.
EEIIX
- 1D
- -0.67%
- 1M
- -7.13%
- YTD
- -1.77%
- 6M
- 3.94%
- 1Y
- 17.39%
- 3Y*
- 9.60%
- 5Y*
- 4.36%
- 10Y*
- 4.97%
MLPA
- 1D
- -1.37%
- 1M
- 0.67%
- YTD
- 13.45%
- 6M
- 15.77%
- 1Y
- 9.41%
- 3Y*
- 17.72%
- 5Y*
- 18.64%
- 10Y*
- 8.14%
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EEIIX vs. MLPA - Expense Ratio Comparison
EEIIX has a 1.01% expense ratio, which is higher than MLPA's 0.46% expense ratio.
Return for Risk
EEIIX vs. MLPA — Risk / Return Rank
EEIIX
MLPA
EEIIX vs. MLPA - 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 Global X MLP ETF (MLPA). 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.
| EEIIX | MLPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.67 | 0.59 | +2.09 |
Sortino ratioReturn per unit of downside risk | 3.64 | 0.86 | +2.78 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.12 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.63 | +1.79 |
Martin ratioReturn relative to average drawdown | 11.28 | 1.56 | +9.72 |
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
| EEIIX | MLPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 0.59 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.02 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.30 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.16 | +0.23 |
Correlation
The correlation between EEIIX and MLPA is 0.30, 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
EEIIX vs. MLPA - Dividend Comparison
EEIIX's dividend yield for the trailing twelve months is around 10.84%, more than MLPA's 7.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEIIX Eaton Vance Emerging Markets Local Income Fund Class I | 10.84% | 10.36% | 11.46% | 11.62% | 13.71% | 11.49% | 10.06% | 13.31% | 10.80% | 9.04% | 11.27% | 12.21% |
MLPA Global X MLP ETF | 7.15% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
Drawdowns
EEIIX vs. MLPA - Drawdown Comparison
The maximum EEIIX drawdown since its inception was -31.11%, smaller than the maximum MLPA drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for EEIIX and MLPA.
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Drawdown Indicators
| EEIIX | MLPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.11% | -78.75% | +47.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.20% | -14.20% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.28% | -18.75% | -7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -74.05% | +46.00% |
Current DrawdownCurrent decline from peak | -7.20% | -2.87% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -20.50% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 5.73% | -4.19% |
Volatility
EEIIX vs. MLPA - Volatility Comparison
Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) has a higher volatility of 3.56% compared to Global X MLP ETF (MLPA) at 3.34%. This indicates that EEIIX's price experiences larger fluctuations and is considered to be riskier than MLPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEIIX | MLPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 3.34% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 7.92% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.68% | 16.09% | -9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.95% | 18.41% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 27.64% | -19.26% |