EEOFX vs. ERBIX
Compare and contrast key facts about Essex Environmental Opportunities Fund (EEOFX) and Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX).
EEOFX is managed by Pear Tree Funds. It was launched on Sep 1, 2017. ERBIX is managed by Eaton Vance. It was launched on Oct 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEOFX or ERBIX.
Key characteristics
| EEOFX | ERBIX | |
|---|---|---|
| YTD Return | 10.84% | 18.43% |
| 1Y Return | 28.80% | 27.94% |
| 3Y Return (Ann) | -13.40% | 5.11% |
| 5Y Return (Ann) | 6.47% | 10.74% |
| Sharpe Ratio | 1.41 | 2.36 |
| Sortino Ratio | 2.05 | 3.22 |
| Omega Ratio | 1.24 | 1.44 |
| Calmar Ratio | 0.57 | 2.46 |
| Martin Ratio | 5.58 | 16.01 |
| Ulcer Index | 5.18% | 1.73% |
| Daily Std Dev | 20.48% | 11.72% |
| Max Drawdown | -53.16% | -29.18% |
| Current Drawdown | -35.80% | 0.00% |
Correlation
The correlation between EEOFX and ERBIX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EEOFX vs. ERBIX - Performance Comparison
In the year-to-date period, EEOFX achieves a 10.84% return, which is significantly lower than ERBIX's 18.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EEOFX vs. ERBIX - Expense Ratio Comparison
EEOFX has a 2.11% expense ratio, which is higher than ERBIX's 0.93% expense ratio.
Risk-Adjusted Performance
EEOFX vs. ERBIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Essex Environmental Opportunities Fund (EEOFX) and Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX). 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.
Dividends
EEOFX vs. ERBIX - Dividend Comparison
EEOFX has not paid dividends to shareholders, while ERBIX's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEOFX Essex Environmental Opportunities Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 1.20% | 1.42% | 0.89% | 2.16% | 0.64% | 1.21% | 0.33% | 0.53% | 1.08% | 2.32% | 0.84% | 0.61% |
Drawdowns
EEOFX vs. ERBIX - Drawdown Comparison
The maximum EEOFX drawdown since its inception was -53.16%, which is greater than ERBIX's maximum drawdown of -29.18%. Use the drawdown chart below to compare losses from any high point for EEOFX and ERBIX. For additional features, visit the drawdowns tool.
Volatility
EEOFX vs. ERBIX - Volatility Comparison
Essex Environmental Opportunities Fund (EEOFX) has a higher volatility of 4.79% compared to Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) at 3.44%. This indicates that EEOFX's price experiences larger fluctuations and is considered to be riskier than ERBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.