EELDX vs. EARRX
EELDX (Eaton Vance Emerging Markets Debt Opportunities Fund) and EARRX (Eaton Vance Short Duration Inflation-Protected Income Fund Class A) are both mutual funds - EELDX is a Emerging Markets Bonds fund managed by Eaton Vance, while EARRX is a Inflation-Protected Bonds fund managed by Eaton Vance. Over the past 10 years, EELDX returned 7.94%/yr vs 3.64%/yr for EARRX. At a 0.19 correlation, their price movements are largely independent. EELDX charges 0.78%/yr vs 0.85%/yr for EARRX.
Performance
EELDX vs. EARRX - Performance Comparison
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Returns By Period
In the year-to-date period, EELDX achieves a 6.66% return, which is significantly higher than EARRX's 1.48% return. Over the past 10 years, EELDX has outperformed EARRX with an annualized return of 7.94%, while EARRX has yielded a comparatively lower 3.64% annualized return.
EELDX
- 1D
- 0.00%
- 1M
- 0.55%
- YTD
- 6.66%
- 6M
- 8.02%
- 1Y
- 18.68%
- 3Y*
- 15.09%
- 5Y*
- 8.09%
- 10Y*
- 7.94%
EARRX
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 1.48%
- 6M
- 1.42%
- 1Y
- 3.80%
- 3Y*
- 5.33%
- 5Y*
- 3.61%
- 10Y*
- 3.64%
EELDX vs. EARRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 6.66% | 15.80% | 14.87% | 11.46% | -6.14% | 1.55% | 7.44% | 18.34% | -4.27% | 13.05% |
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 1.48% | 5.46% | 5.39% | 5.95% | -3.22% | 7.50% | 5.05% | 5.29% | -0.49% | 1.81% |
Correlation
The correlation between EELDX and EARRX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.19 |
The correlation between EELDX and EARRX shifts across timeframes, from -0.05 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EELDX vs. EARRX — Risk / Return Rank
EELDX
EARRX
EELDX vs. EARRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). 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.
| EELDX | EARRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 2.47 | 1.55 | +0.93 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 4.71 | +0.47 |
| Martin ratioReturn relative to average drawdown | 21.12 | 17.83 | +3.29 |
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
| EELDX | EARRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.51 | 2.47 | +3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.76 | 1.31 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.68 | 1.35 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 1.07 | +0.32 |
Drawdowns
EELDX vs. EARRX - Drawdown Comparison
The maximum EELDX drawdown since its inception was -19.12%, which is greater than EARRX's maximum drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for EELDX and EARRX.
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Drawdown Indicators
| EELDX | EARRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -10.27% | -8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -0.79% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -1.18% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -6.39% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -19.12% | -10.27% | -8.85% |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -1.08% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.21% | +0.69% |
Volatility
EELDX vs. EARRX - Volatility Comparison
Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) has a higher volatility of 0.57% compared to Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) at 0.49%. This indicates that EELDX's price experiences larger fluctuations and is considered to be riskier than EARRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EELDX | EARRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.49% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 1.13% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 1.50% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 2.77% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 2.71% | +2.03% |
EELDX vs. EARRX - Expense Ratio Comparison
EELDX has a 0.78% expense ratio, which is lower than EARRX's 0.85% expense ratio.
Dividends
EELDX vs. EARRX - Dividend Comparison
EELDX's dividend yield for the trailing twelve months is around 10.78%, more than EARRX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 3.83% | 4.36% | 3.83% | 4.24% | 4.82% | 3.32% | 2.02% | 2.46% | 2.67% | 1.90% | 2.00% | 1.73% |
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 10.78% | 9.44% | 8.58% | 9.02% | 9.17% | 7.87% | 7.71% | 7.86% | 8.16% | 7.90% | 4.12% | 1.65% |
Frequently Asked Questions
EELDX and EARRX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EELDX has higher volatility (0.57%) compared to EARRX (0.49%). In terms of maximum drawdown, EELDX dropped -19.12% vs EARRX's -10.27%.
EELDX currently has the higher Sharpe Ratio (5.51 vs 2.47), 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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