Correlation
The correlation between EGRIX and E is 0.20, 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.
EGRIX vs. E
Compare and contrast key facts about Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) and Eni S.p.A. (E).
EGRIX is managed by Eaton Vance. It was launched on Aug 30, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EGRIX or E.
Performance
EGRIX vs. E - Performance Comparison
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Key characteristics
EGRIX:
3.26
E:
-0.00
EGRIX:
4.48
E:
0.13
EGRIX:
1.68
E:
1.02
EGRIX:
5.14
E:
-0.02
EGRIX:
18.08
E:
-0.06
EGRIX:
0.57%
E:
7.73%
EGRIX:
3.31%
E:
22.87%
EGRIX:
-14.17%
E:
-66.24%
EGRIX:
-0.00%
E:
-6.03%
Returns By Period
In the year-to-date period, EGRIX achieves a 7.34% return, which is significantly lower than E's 10.17% return. Over the past 10 years, EGRIX has outperformed E with an annualized return of 5.11%, while E has yielded a comparatively lower 4.15% annualized return.
EGRIX
7.34%
2.02%
9.16%
10.90%
9.10%
6.81%
5.11%
E
10.17%
1.95%
3.91%
0.26%
6.48%
17.24%
4.15%
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Risk-Adjusted Performance
EGRIX vs. E — Risk-Adjusted Performance Rank
EGRIX
E
EGRIX vs. E - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) and Eni S.p.A. (E). 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.
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Dividends
EGRIX vs. E - Dividend Comparison
EGRIX's dividend yield for the trailing twelve months is around 5.59%, less than E's 7.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 5.59% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 7.02% | 0.06% | 3.22% | 1.78% | 6.67% | 3.70% |
E Eni S.p.A. | 7.40% | 7.69% | 5.74% | 6.39% | 5.79% | 5.91% | 6.11% | 5.15% | 5.38% | 5.57% | 7.15% | 8.58% |
Drawdowns
EGRIX vs. E - Drawdown Comparison
The maximum EGRIX drawdown since its inception was -14.17%, smaller than the maximum E drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for EGRIX and E.
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Volatility
EGRIX vs. E - Volatility Comparison
The current volatility for Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) is 0.77%, while Eni S.p.A. (E) has a volatility of 4.79%. This indicates that EGRIX experiences smaller price fluctuations and is considered to be less risky than E based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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