EGRAX vs. CGFIX
EGRAX (Eaton Vance Global Macro Absolute Return Advantage Fund Class A) and CGFIX (abrdn Global Absolute Return Strategies Fund) are both Multistrategy funds. Over the past 10 years, EGRAX returned 6.26%/yr vs 1.63%/yr for CGFIX. Their -0.02 correlation means they have often moved in opposite directions in the past. EGRAX charges 2.22%/yr vs 0.78%/yr for CGFIX.
Performance
EGRAX vs. CGFIX - Performance Comparison
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Returns By Period
In the year-to-date period, EGRAX achieves a 8.54% return, which is significantly higher than CGFIX's 0.33% return. Over the past 10 years, EGRAX has outperformed CGFIX with an annualized return of 6.26%, while CGFIX has yielded a comparatively lower 1.63% annualized return.
EGRAX
- 1D
- 0.16%
- 1M
- 0.16%
- 6M
- 4.10%
- YTD
- 8.54%
- 1Y
- 18.58%
- 3Y*
- 13.01%
- 5Y*
- 8.74%
- 10Y*
- 6.26%
- ALL TIME*
- 4.99%
CGFIX
- 1D
- 0.12%
- 1M
- -1.42%
- 6M
- -0.43%
- YTD
- 0.33%
- 1Y
- 3.20%
- 3Y*
- 5.07%
- 5Y*
- 0.27%
- 10Y*
- 1.63%
- ALL TIME*
- 4.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EGRAX vs. CGFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGRAX Eaton Vance Global Macro Absolute Return Advantage Fund Class A | 8.54% | 20.06% | 9.19% | 8.10% | -2.30% | 3.35% | 4.49% | 14.43% | -8.66% | 5.49% |
CGFIX abrdn Global Absolute Return Strategies Fund | 0.33% | 5.79% | 4.85% | -2.54% | -9.99% | 1.39% | 6.37% | 7.26% | 0.97% | 1.62% |
Correlation
The correlation between EGRAX and CGFIX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2010 | -0.02 |
The correlation between EGRAX and CGFIX shifts across timeframes, from -0.02 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EGRAX vs. CGFIX — Risk / Return Rank
EGRAX
CGFIX
EGRAX vs. CGFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) and abrdn Global Absolute Return Strategies Fund (CGFIX). 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.
| EGRAX | CGFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.01 | ||
| Sortino ratioReturn per unit of downside risk | +5.82 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.23 | +1.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.67 | 1.38 | +4.29 |
| Martin ratioReturn relative to average drawdown | 19.83 | 4.54 | +15.28 |
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Drawdowns
EGRAX vs. CGFIX - Drawdown Comparison
The maximum EGRAX drawdown since its inception was -14.15%, smaller than the maximum CGFIX drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for EGRAX and CGFIX.
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Drawdown Indicators
| EGRAX | CGFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.15% | -20.28% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -2.78% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -5.01% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -10.31% | -20.28% | +9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -14.15% | -20.28% | +6.13% |
Current DrawdownCurrent decline from peak | -0.08% | -2.65% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -3.19% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.84% | +0.12% |
Volatility
EGRAX vs. CGFIX - Volatility Comparison
Eaton Vance Global Macro Absolute Return Advantage Fund Class A (EGRAX) and abrdn Global Absolute Return Strategies Fund (CGFIX) have volatilities of 0.88% and 0.84%, 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.
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Volatility by Period
| EGRAX | CGFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.84% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.48% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.11% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 5.74% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 4.69% | -0.75% |
EGRAX vs. CGFIX - Expense Ratio Comparison
EGRAX has a 2.22% expense ratio, which is higher than CGFIX's 0.78% expense ratio.
Dividends
EGRAX vs. CGFIX - Dividend Comparison
EGRAX's dividend yield for the trailing twelve months is around 6.23%, more than CGFIX's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGFIX abrdn Global Absolute Return Strategies Fund | 5.66% | 5.51% | 6.43% | 2.08% | 0.00% | 7.49% | 0.23% | 3.29% | 6.05% | 0.33% | 1.12% | 0.35% |
EGRAX Eaton Vance Global Macro Absolute Return Advantage Fund Class A | 6.23% | 6.76% | 5.86% | 3.18% | 4.53% | 4.58% | 5.61% | 4.02% | 0.00% | 2.82% | 1.47% | 6.42% |
Frequently Asked Questions
EGRAX and CGFIX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGRAX has higher volatility (0.88%) compared to CGFIX (0.84%). In terms of maximum drawdown, EGRAX dropped -14.15% vs CGFIX's -20.28%.
EGRAX currently has the higher Sharpe Ratio (5.24 vs 1.23), 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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