EGRIX vs. BINC
EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) and BINC (iShares Flexible Income Active ETF) are both funds - EGRIX is a Nontraditional Bonds fund managed by Eaton Vance, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, EGRIX returned 13.23%/yr vs 6.74%/yr for BINC. Their 0.32 correlation means their historical movements had little consistent relationship. EGRIX charges 1.05%/yr vs 0.40%/yr for BINC.
Performance
EGRIX vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, EGRIX achieves a 8.55% return, which is significantly higher than BINC's 1.28% return.
EGRIX
- 1D
- -0.08%
- 1M
- 0.08%
- 6M
- 4.27%
- YTD
- 8.55%
- 1Y
- 18.73%
- 3Y*
- 13.23%
- 5Y*
- 9.00%
- 10Y*
- 6.54%
- ALL TIME*
- 5.30%
BINC
- 1D
- 0.17%
- 1M
- -0.09%
- 6M
- 0.61%
- YTD
- 1.28%
- 1Y
- 4.32%
- 3Y*
- 6.74%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $71.39M | $77.02M | $122.86M | |
| $0.00 | $0.00 | $0.00 |
EGRIX vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 8.55% | 20.36% | 9.50% | 3.81% |
BINC iShares Flexible Income Active ETF | 1.28% | 7.57% | 5.76% | 7.12% |
Correlation
The correlation between EGRIX and BINC is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.32 |
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Return for Risk
EGRIX vs. BINC — Risk / Return Rank
EGRIX
BINC
EGRIX vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) and iShares Flexible Income Active ETF (BINC). 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.
| EGRIX | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +4.91 | ||
| Omega ratioGain probability vs. loss probability | 2.36 | 1.35 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 1.61 | +4.04 |
| Martin ratioReturn relative to average drawdown | 20.34 | 6.20 | +14.14 |
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Drawdowns
EGRIX vs. BINC - Drawdown Comparison
The maximum EGRIX drawdown since its inception was -14.17%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for EGRIX and BINC.
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Drawdown Indicators
| EGRIX | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.17% | -2.69% | -11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -2.69% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.37% | -2.69% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.17% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.32% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -0.36% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.70% | +0.23% |
Volatility
EGRIX vs. BINC - Volatility Comparison
Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) and iShares Flexible Income Active ETF (BINC) have volatilities of 0.82% and 0.80%, 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
| EGRIX | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.80% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.00% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 2.35% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 2.97% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.96% | 2.97% | +0.99% |
EGRIX vs. BINC - Expense Ratio Comparison
EGRIX has a 1.05% expense ratio, which is higher than BINC's 0.40% expense ratio.
Dividends
EGRIX vs. BINC - Dividend Comparison
EGRIX's dividend yield for the trailing twelve months is around 6.13%, more than BINC's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.88% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.13% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
Frequently Asked Questions
EGRIX and BINC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGRIX has higher volatility (0.82%) compared to BINC (0.80%). In terms of maximum drawdown, EGRIX dropped -14.17% vs BINC's -2.69%.
EGRIX currently has the higher Sharpe Ratio (5.29 vs 1.85), 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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