EIAMX vs. E

Last updated Jun 3, 2026

EIAMX (Eaton Vance Multi-Asset Credit Fund) is High Yield Bonds fund managed by Eaton Vance, while E (Eni S.p.A.) is a stock. Over the past 10 years, EIAMX returned 4.86%/yr vs 12.29%/yr for E. At a 0.34 correlation, their price movements are largely independent.

Performance

EIAMX vs. E - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Multi-Asset Credit Fund (EIAMX) and Eni S.p.A. (E). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIAMX achieves a 1.46% return, which is significantly lower than E's 45.75% return. Over the past 10 years, EIAMX has underperformed E with an annualized return of 4.86%, while E has yielded a comparatively higher 12.29% annualized return.

EIAMX

• 1D: 0.00%
• 1M: 0.54%
• YTD: 1.46%
• 6M: 1.91%
• 1Y: 5.54%
• 3Y*: 7.54%
• 5Y*: 4.17%
• 10Y*: 4.86%

E

• 1D: 0.84%
• 1M: -2.67%
• YTD: 45.75%
• 6M: 47.11%
• 1Y: 88.06%
• 3Y*: 32.32%
• 5Y*: 24.29%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIAMX vs. E - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIAMX Eaton Vance Multi-Asset Credit Fund	1.46%	6.31%	8.22%	9.93%	-6.18%	4.57%	1.89%	11.67%	-2.45%	11.61%
E Eni S.p.A.	45.75%	48.40%	-13.95%	26.73%	10.92%	43.12%	-28.73%	4.29%	-0.98%	7.27%

Correlation

The correlation between EIAMX and E is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011	0.34

Over the past year, the correlation between EIAMX and E has dropped to 0.00 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Return for Risk

EIAMX vs. E — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIAMX

EIAMX Risk / Return Rank: 86
EIAMX Sharpe Ratio Rank: 61
EIAMX Sortino Ratio Rank: 95
EIAMX Omega Ratio Rank: 95
EIAMX Calmar Ratio Rank: 85
EIAMX Martin Ratio Rank: 91

E

E Risk / Return Rank: 97
E Sharpe Ratio Rank: 97
E Sortino Ratio Rank: 96
E Omega Ratio Rank: 96
E Calmar Ratio Rank: 97
E Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIAMX vs. E - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Multi-Asset Credit Fund (EIAMX) 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.

	EIAMX	E	Difference
Sharpe ratio Return per unit of total volatility	2.30	3.90	-1.60
Sortino ratio Return per unit of downside risk	5.22	4.44	+0.78
Omega ratio Gain probability vs. loss probability	1.78	1.61	+0.17
Calmar ratio Return relative to maximum drawdown	4.04	10.03	-5.98
Martin ratio Return relative to average drawdown	19.02	34.64	-15.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIAMX vs. E - Sharpe Ratio Comparison

The current EIAMX Sharpe Ratio is 2.30, which is lower than the E Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of EIAMX and E, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EIAMX	E	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	3.90	-1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	0.98	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.44	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.32	-0.09

Drawdowns

EIAMX vs. E - Drawdown Comparison

The maximum EIAMX drawdown since its inception was -43.35%, smaller than the maximum E drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for EIAMX and E.

Drawdown Indicators

	EIAMX	E	Difference
Max Drawdown Largest peak-to-trough decline	-43.35%	-70.53%	+27.18%
Max Drawdown (1Y) Largest decline over 1 year	-1.52%	-9.30%	+7.78%
Max Drawdown (3Y) Largest decline over 3 years	-2.95%	-20.13%	+17.18%
Max Drawdown (5Y) Largest decline over 5 years	-10.02%	-33.71%	+23.69%
Max Drawdown (10Y) Largest decline over 10 years	-43.35%	-61.59%	+18.24%
Current Drawdown Current decline from peak	-8.87%	-5.12%	-3.75%
Average Drawdown Average peak-to-trough decline	-16.13%	-23.09%	+6.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	2.69%	-2.37%

Volatility

EIAMX vs. E - Volatility Comparison

The current volatility for Eaton Vance Multi-Asset Credit Fund (EIAMX) is 0.62%, while Eni S.p.A. (E) has a volatility of 8.74%. This indicates that EIAMX 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.

Volatility by Period

	EIAMX	E	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	8.74%	-8.12%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	19.59%	-17.73%
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	22.82%	-20.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	25.03%	-21.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	28.35%	-5.87%

Dividends

EIAMX vs. E - Dividend Comparison

EIAMX's dividend yield for the trailing twelve months is around 6.88%, more than E's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
E Eni S.p.A.	4.46%	5.88%	7.69%	5.74%	6.38%	5.79%	5.91%	6.11%	5.15%	3.96%	3.98%	5.14%
EIAMX Eaton Vance Multi-Asset Credit Fund	6.88%	7.04%	7.35%	5.52%	5.46%	4.10%	4.46%	4.94%	2.41%	2.88%	3.15%	3.77%

Frequently Asked Questions

Can I hold both EIAMX and E in my portfolio?

EIAMX and E have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIAMX or E?

E has higher volatility (8.74%) compared to EIAMX (0.62%). In terms of maximum drawdown, EIAMX dropped -43.35% vs E's -70.53%.

Which has better risk-adjusted returns?

E currently has the higher Sharpe Ratio (3.90 vs 2.30), 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.