EIAMX vs. ETY
EIAMX (Eaton Vance Multi-Asset Credit Fund) and ETY (Eaton Vance Tax Managed Diversified Equity Income Closed Fund) are both mutual funds - EIAMX is a High Yield Bonds fund managed by Eaton Vance, while ETY is a Large Cap Growth Equities fund actively managed by Eaton Vance. Over the past 10 years, EIAMX returned 4.65%/yr vs 12.13%/yr for ETY. At a 0.45 correlation, their price movements are largely independent. EIAMX charges 0.71%/yr vs 1.06%/yr for ETY.
Performance
EIAMX vs. ETY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EIAMX achieves a 1.90% return, which is significantly higher than ETY's -2.61% return. Over the past 10 years, EIAMX has underperformed ETY with an annualized return of 4.65%, while ETY has yielded a comparatively higher 12.13% annualized return.
EIAMX
- 1D
- 0.00%
- 1M
- 0.43%
- 6M
- 1.69%
- YTD
- 1.90%
- 1Y
- 4.86%
- 3Y*
- 7.08%
- 5Y*
- 4.15%
- 10Y*
- 4.65%
ETY
- 1D
- -1.72%
- 1M
- -0.50%
- 6M
- -2.41%
- YTD
- -2.61%
- 1Y
- -0.96%
- 3Y*
- 13.34%
- 5Y*
- 8.61%
- 10Y*
- 12.13%
EIAMX vs. ETY - 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% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | -2.61% | 11.02% | 33.11% | 21.83% | -21.21% | 32.61% | 7.27% | 33.68% | -8.96% | 28.72% |
Correlation
The correlation between EIAMX and ETY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EIAMX vs. ETY — Risk / Return Rank
EIAMX
ETY
EIAMX vs. ETY - 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 Tax Managed Diversified Equity Income Closed Fund (ETY). 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 | ETY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.00 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | -0.07 | +3.34 |
| Martin ratioReturn relative to average drawdown | 15.23 | -0.24 | +15.47 |
Loading charts...
Drawdowns
EIAMX vs. ETY - Drawdown Comparison
The maximum EIAMX drawdown since its inception was -43.35%, smaller than the maximum ETY drawdown of -53.06%. Use the drawdown chart below to compare losses from any high point for EIAMX and ETY.
Loading charts...
Drawdown Indicators
| EIAMX | ETY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -53.06% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -14.40% | +12.88% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -21.28% | +18.33% |
Max Drawdown (5Y)Largest decline over 5 years | -10.02% | -24.06% | +14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -42.46% | -0.89% |
Current DrawdownCurrent decline from peak | -8.47% | -4.76% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -7.56% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 4.00% | -3.67% |
Volatility
EIAMX vs. ETY - Volatility Comparison
The current volatility for Eaton Vance Multi-Asset Credit Fund (EIAMX) is 0.62%, while Eaton Vance Tax Managed Diversified Equity Income Closed Fund (ETY) has a volatility of 4.43%. This indicates that EIAMX experiences smaller price fluctuations and is considered to be less risky than ETY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EIAMX | ETY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 4.43% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 11.21% | -9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 13.66% | -11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 17.98% | -14.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.46% | 19.89% | +2.57% |
EIAMX vs. ETY - Expense Ratio Comparison
EIAMX has a 0.71% expense ratio, which is lower than ETY's 1.06% expense ratio.
Dividends
EIAMX vs. ETY - Dividend Comparison
EIAMX's dividend yield for the trailing twelve months is around 6.84%, less than ETY's 8.35% 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% |
ETY Eaton Vance Tax Managed Diversified Equity Income Closed Fund | 8.35% | 7.76% | 7.59% | 7.92% | 10.04% | 7.01% | 8.26% | 8.08% | 9.92% | 8.30% | 9.77% | 9.03% |
Frequently Asked Questions
EIAMX and ETY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETY has higher volatility (4.43%) compared to EIAMX (0.62%). In terms of maximum drawdown, EIAMX dropped -43.35% vs ETY's -53.06%.
EIAMX currently has the higher Sharpe Ratio (2.09 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.
Find the right allocation for EIAMX and ETY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer