EGRIX vs. EIGMX
Compare and contrast key facts about Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX).
EGRIX is managed by Eaton Vance. It was launched on Aug 30, 2010. EIGMX is managed by Eaton Vance. It was launched on Jun 26, 2007.
Performance
EGRIX vs. EIGMX - Performance Comparison
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EGRIX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 3.42% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 2.31% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Returns By Period
In the year-to-date period, EGRIX achieves a 3.42% return, which is significantly higher than EIGMX's 2.31% return. Over the past 10 years, EGRIX has outperformed EIGMX with an annualized return of 6.32%, while EIGMX has yielded a comparatively lower 4.83% annualized return.
EGRIX
- 1D
- -0.17%
- 1M
- -2.03%
- YTD
- 3.42%
- 6M
- 9.75%
- 1Y
- 18.85%
- 3Y*
- 13.02%
- 5Y*
- 8.53%
- 10Y*
- 6.32%
EIGMX
- 1D
- -0.11%
- 1M
- -0.89%
- YTD
- 2.31%
- 6M
- 6.05%
- 1Y
- 11.82%
- 3Y*
- 9.13%
- 5Y*
- 6.15%
- 10Y*
- 4.83%
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EGRIX vs. EIGMX - Expense Ratio Comparison
EGRIX has a 1.05% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Return for Risk
EGRIX vs. EIGMX — Risk / Return Rank
EGRIX
EIGMX
EGRIX vs. EIGMX - 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 Global Macro Absolute Return Fund (EIGMX). 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 | EIGMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.18 | 6.02 | -0.83 |
Sortino ratioReturn per unit of downside risk | 6.98 | 8.81 | -1.83 |
Omega ratioGain probability vs. loss probability | 2.39 | 2.97 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | 5.93 | 8.10 | -2.18 |
Martin ratioReturn relative to average drawdown | 24.80 | 33.24 | -8.44 |
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 | EIGMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.18 | 6.02 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.15 | 2.37 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.60 | 1.94 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.57 | -0.28 |
Correlation
The correlation between EGRIX and EIGMX is 0.83, 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.
Dividends
EGRIX vs. EIGMX - Dividend Comparison
EGRIX's dividend yield for the trailing twelve months is around 6.43%, less than EIGMX's 6.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.43% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.74% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
Drawdowns
EGRIX vs. EIGMX - Drawdown Comparison
The maximum EGRIX drawdown since its inception was -14.17%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for EGRIX and EIGMX.
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Drawdown Indicators
| EGRIX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.17% | -9.42% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.44% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | -7.39% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -14.17% | -9.42% | -4.75% |
Current DrawdownCurrent decline from peak | -3.12% | -1.44% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -0.93% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.35% | +0.40% |
Volatility
EGRIX vs. EIGMX - Volatility Comparison
Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) has a higher volatility of 1.78% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.89%. This indicates that EGRIX's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGRIX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 0.89% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 1.57% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 1.98% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 2.61% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 2.50% | +1.45% |