EGRIX vs. EELDX
EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) and EELDX (Eaton Vance Emerging Markets Debt Opportunities Fund) are both mutual funds - EGRIX is a Nontraditional Bonds fund managed by Eaton Vance, while EELDX is a Emerging Markets Bonds fund managed by Eaton Vance. Over the past 10 years, EGRIX returned 6.54%/yr vs 7.94%/yr for EELDX. A 0.51 correlation means they provide meaningful diversification when combined. EGRIX charges 1.05%/yr vs 0.78%/yr for EELDX.
Performance
EGRIX vs. EELDX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EGRIX having a 6.84% return and EELDX slightly lower at 6.66%. Over the past 10 years, EGRIX has underperformed EELDX with an annualized return of 6.54%, while EELDX has yielded a comparatively higher 7.94% annualized return.
EGRIX
- 1D
- 0.16%
- 1M
- 0.48%
- YTD
- 6.84%
- 6M
- 8.22%
- 1Y
- 19.59%
- 3Y*
- 13.53%
- 5Y*
- 8.70%
- 10Y*
- 6.54%
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%
EGRIX vs. EELDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.84% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
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% |
Correlation
The correlation between EGRIX and EELDX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.51 |
The correlation between EGRIX and EELDX shifts across timeframes, from 0.51 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EGRIX vs. EELDX — Risk / Return Rank
EGRIX
EELDX
EGRIX vs. EELDX - 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 Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX). 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.
| EGRIX | EELDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 2.51 | 2.47 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 5.18 | +0.66 |
| Martin ratioReturn relative to average drawdown | 21.15 | 21.12 | +0.03 |
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
| EGRIX | EELDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.58 | 5.51 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.17 | 1.76 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.65 | 1.68 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.39 | -0.06 |
Drawdowns
EGRIX vs. EELDX - Drawdown Comparison
The maximum EGRIX drawdown since its inception was -14.17%, smaller than the maximum EELDX drawdown of -19.12%. Use the drawdown chart below to compare losses from any high point for EGRIX and EELDX.
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Drawdown Indicators
| EGRIX | EELDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.17% | -19.12% | +4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -3.68% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -3.37% | -3.98% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | -17.35% | +7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -14.17% | -19.12% | +4.95% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -2.90% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.90% | +0.03% |
Volatility
EGRIX vs. EELDX - Volatility Comparison
Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) has a higher volatility of 0.86% compared to Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) at 0.57%. This indicates that EGRIX's price experiences larger fluctuations and is considered to be riskier than EELDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGRIX | EELDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.57% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 3.03% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.46% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 4.61% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 4.74% | -0.77% |
EGRIX vs. EELDX - Expense Ratio Comparison
EGRIX has a 1.05% expense ratio, which is higher than EELDX's 0.78% expense ratio.
Dividends
EGRIX vs. EELDX - Dividend Comparison
EGRIX's dividend yield for the trailing twelve months is around 6.23%, less than EELDX's 10.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.23% | 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 EELDX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGRIX has higher volatility (0.86%) compared to EELDX (0.57%). In terms of maximum drawdown, EGRIX dropped -14.17% vs EELDX's -19.12%.
EGRIX currently has the higher Sharpe Ratio (5.58 vs 5.51), 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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