EIAMX vs. EOS
EIAMX (Eaton Vance Multi-Asset Credit Fund) and EOS (Eaton Vance Enhanced Equity Income Fund II) are both mutual funds - EIAMX is a High Yield Bonds fund managed by Eaton Vance, while EOS is a Derivative Income fund actively managed by Eaton Vance. Over the past 10 years, EIAMX returned 4.69%/yr vs 13.45%/yr for EOS. At a 0.45 correlation, their price movements are largely independent. EIAMX charges 0.71%/yr vs 1.09%/yr for EOS.
Performance
EIAMX vs. EOS - Performance Comparison
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Returns By Period
In the year-to-date period, EIAMX achieves a 1.90% return, which is significantly higher than EOS's -1.39% return. Over the past 10 years, EIAMX has underperformed EOS with an annualized return of 4.69%, while EOS has yielded a comparatively higher 13.45% annualized return.
EIAMX
- 1D
- 0.00%
- 1M
- 0.43%
- 6M
- 1.69%
- YTD
- 1.90%
- 1Y
- 4.86%
- 3Y*
- 7.30%
- 5Y*
- 4.11%
- 10Y*
- 4.69%
EOS
- 1D
- -0.27%
- 1M
- 1.11%
- 6M
- -1.31%
- YTD
- -1.39%
- 1Y
- -1.01%
- 3Y*
- 15.36%
- 5Y*
- 7.06%
- 10Y*
- 13.45%
EIAMX vs. EOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIAMX Eaton Vance Multi-Asset Credit Fund | 1.90% | 6.31% | 8.22% | 9.93% | -6.18% | 4.57% | 1.89% | 11.67% | -2.45% | 11.61% |
EOS Eaton Vance Enhanced Equity Income Fund II | -1.39% | 5.77% | 38.69% | 22.59% | -26.50% | 20.30% | 29.45% | 30.32% | 2.77% | 27.89% |
Correlation
The correlation between EIAMX and EOS 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 | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.45 |
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Return for Risk
EIAMX vs. EOS — Risk / Return Rank
EIAMX
EOS
EIAMX vs. EOS - 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 Enhanced Equity Income Fund II (EOS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EIAMX | EOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.00 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | -0.06 | +3.26 |
| Martin ratioReturn relative to average drawdown | 14.96 | -0.18 | +15.15 |
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Drawdowns
EIAMX vs. EOS - Drawdown Comparison
The maximum EIAMX drawdown since its inception was -43.35%, smaller than the maximum EOS drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for EIAMX and EOS.
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Drawdown Indicators
| EIAMX | EOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -55.74% | +12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -17.12% | +15.60% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -24.31% | +21.36% |
Max Drawdown (5Y)Largest decline over 5 years | -10.02% | -34.32% | +24.30% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -41.12% | -2.23% |
Current DrawdownCurrent decline from peak | -8.47% | -3.66% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -7.81% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 5.49% | -5.16% |
Volatility
EIAMX vs. EOS - Volatility Comparison
The current volatility for Eaton Vance Multi-Asset Credit Fund (EIAMX) is 0.63%, while Eaton Vance Enhanced Equity Income Fund II (EOS) has a volatility of 4.20%. This indicates that EIAMX experiences smaller price fluctuations and is considered to be less risky than EOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIAMX | EOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 4.20% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 12.37% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 15.62% | -13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 19.79% | -16.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.46% | 20.75% | +1.71% |
EIAMX vs. EOS - Expense Ratio Comparison
EIAMX has a 0.71% expense ratio, which is lower than EOS's 1.09% expense ratio.
Dividends
EIAMX vs. EOS - Dividend Comparison
EIAMX's dividend yield for the trailing twelve months is around 6.84%, less than EOS's 8.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIAMX Eaton Vance Multi-Asset Credit Fund | 6.84% | 7.04% | 7.35% | 5.52% | 5.46% | 4.10% | 4.46% | 4.94% | 2.41% | 2.88% | 3.15% | 3.77% |
EOS Eaton Vance Enhanced Equity Income Fund II | 8.25% | 7.81% | 7.17% | 7.38% | 9.69% | 5.60% | 5.01% | 6.65% | 7.16% | 6.90% | 8.20% | 7.70% |
Frequently Asked Questions
EIAMX and EOS 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.
EOS has higher volatility (4.20%) compared to EIAMX (0.63%). In terms of maximum drawdown, EIAMX dropped -43.35% vs EOS's -55.74%.
EIAMX currently has the higher Sharpe Ratio (2.04 vs -0.07), 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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