EIAMX vs. EIFVX

Last updated Jun 3, 2026

EIAMX (Eaton Vance Multi-Asset Credit Fund) and EIFVX (Eaton Vance Focused Value Opportunities Fund) are both mutual funds - EIAMX is a High Yield Bonds fund managed by Eaton Vance, while EIFVX is a Large Cap Value Equities fund managed by Eaton Vance. Over the past 10 years, EIAMX returned 4.86%/yr vs 12.04%/yr for EIFVX. At a 0.49 correlation, their price movements are largely independent. EIAMX charges 0.71%/yr vs 0.74%/yr for EIFVX.

Performance

EIAMX vs. EIFVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Multi-Asset Credit Fund (EIAMX) and Eaton Vance Focused Value Opportunities Fund (EIFVX). 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 EIFVX's 12.82% return. Over the past 10 years, EIAMX has underperformed EIFVX with an annualized return of 4.86%, while EIFVX has yielded a comparatively higher 12.04% 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%

EIFVX

• 1D: -0.97%
• 1M: 3.16%
• YTD: 12.82%
• 6M: 14.54%
• 1Y: 26.31%
• 3Y*: 15.38%
• 5Y*: 8.98%
• 10Y*: 12.04%

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

EIAMX vs. EIFVX - 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%
EIFVX Eaton Vance Focused Value Opportunities Fund	12.82%	10.89%	12.44%	8.48%	-3.31%	23.71%	2.23%	37.25%	-6.15%	20.40%

Correlation

The correlation between EIAMX and EIFVX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.49

Return for Risk

EIAMX vs. EIFVX — 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

EIFVX

EIFVX Risk / Return Rank: 55
EIFVX Sharpe Ratio Rank: 60
EIFVX Sortino Ratio Rank: 61
EIFVX Omega Ratio Rank: 55
EIFVX Calmar Ratio Rank: 48
EIFVX Martin Ratio Rank: 54

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. EIFVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Multi-Asset Credit Fund (EIAMX) and Eaton Vance Focused Value Opportunities Fund (EIFVX). 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	EIFVX	Difference
Sharpe ratio Return per unit of total volatility	2.30	2.29	+0.01
Sortino ratio Return per unit of downside risk	5.22	3.28	+1.94
Omega ratio Gain probability vs. loss probability	1.78	1.41	+0.37
Calmar ratio Return relative to maximum drawdown	4.04	2.67	+1.38
Martin ratio Return relative to average drawdown	19.02	11.01	+8.01
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. EIFVX - Sharpe Ratio Comparison

The current EIAMX Sharpe Ratio is 2.30, which is comparable to the EIFVX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EIAMX and EIFVX, 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	EIFVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.29	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	0.57	+0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.67	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.72	-0.49

Drawdowns

EIAMX vs. EIFVX - Drawdown Comparison

The maximum EIAMX drawdown since its inception was -43.35%, which is greater than EIFVX's maximum drawdown of -40.64%. Use the drawdown chart below to compare losses from any high point for EIAMX and EIFVX.

Drawdown Indicators

	EIAMX	EIFVX	Difference
Max Drawdown Largest peak-to-trough decline	-43.35%	-40.64%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-1.52%	-9.93%	+8.41%
Max Drawdown (3Y) Largest decline over 3 years	-2.95%	-17.87%	+14.92%
Max Drawdown (5Y) Largest decline over 5 years	-10.02%	-17.87%	+7.85%
Max Drawdown (10Y) Largest decline over 10 years	-43.35%	-40.64%	-2.71%
Current Drawdown Current decline from peak	-8.87%	-1.59%	-7.28%
Average Drawdown Average peak-to-trough decline	-16.13%	-3.85%	-12.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	2.41%	-2.09%

Volatility

EIAMX vs. EIFVX - Volatility Comparison

The current volatility for Eaton Vance Multi-Asset Credit Fund (EIAMX) is 0.62%, while Eaton Vance Focused Value Opportunities Fund (EIFVX) has a volatility of 3.72%. This indicates that EIAMX experiences smaller price fluctuations and is considered to be less risky than EIFVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIAMX	EIFVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	3.72%	-3.10%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	8.66%	-6.80%
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	11.66%	-9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	15.70%	-12.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	18.04%	+4.44%

EIAMX vs. EIFVX - Expense Ratio Comparison

EIAMX has a 0.71% expense ratio, which is lower than EIFVX's 0.74% expense ratio.

Dividends

EIAMX vs. EIFVX - Dividend Comparison

EIAMX's dividend yield for the trailing twelve months is around 6.88%, more than EIFVX's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EIFVX Eaton Vance Focused Value Opportunities Fund	4.95%	5.58%	6.99%	2.92%	4.13%	9.92%	3.05%	7.05%	17.26%	3.57%	2.86%	4.17%

Frequently Asked Questions

Can I hold both EIAMX and EIFVX in my portfolio?

EIAMX and EIFVX have a correlation of 0.43, 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 EIFVX?

EIFVX has higher volatility (3.72%) compared to EIAMX (0.62%). In terms of maximum drawdown, EIAMX dropped -43.35% vs EIFVX's -40.64%.

Which has better risk-adjusted returns?

EIAMX currently has the higher Sharpe Ratio (2.30 vs 2.29), 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.