EIBAX vs. AGG
EIBAX (Eaton Vance Total Return Bond Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - EIBAX is a Intermediate Core-Plus Bond fund managed by Eaton Vance, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, EIBAX returned 3.13%/yr vs 1.37%/yr for AGG. Their 0.74 correlation means they have sometimes moved together and sometimes differently. EIBAX charges 0.49%/yr vs 0.03%/yr for AGG.
Performance
EIBAX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, EIBAX achieves a -0.53% return, which is significantly higher than AGG's -0.56% return. Over the past 10 years, EIBAX has outperformed AGG with an annualized return of 3.13%, while AGG has yielded a comparatively lower 1.37% annualized return.
EIBAX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.04%
- YTD
- -0.53%
- 1Y
- 2.55%
- 3Y*
- 5.41%
- 5Y*
- 0.80%
- 10Y*
- 3.13%
- ALL TIME*
- 4.70%
AGG
- 1D
- -0.26%
- 1M
- -1.26%
- 6M
- -0.81%
- YTD
- -0.56%
- 1Y
- 1.83%
- 3Y*
- 3.95%
- 5Y*
- -0.40%
- 10Y*
- 1.37%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $763.20M | $778.44M | $807.34M | |
| $0.00 | $0.00 | $0.00 |
EIBAX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBAX Eaton Vance Total Return Bond Fund | -0.53% | 9.15% | 4.38% | 5.59% | -12.88% | 3.02% | 5.89% | 10.84% | -0.84% | 7.72% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.56% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between EIBAX and AGG is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.74 |
The correlation between EIBAX and AGG shifts across timeframes, from 0.74 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EIBAX vs. AGG — Risk / Return Rank
EIBAX
AGG
EIBAX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Total Return Bond Fund (EIBAX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| EIBAX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.99 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.08 | 2.49 | +0.59 |
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Drawdowns
EIBAX vs. AGG - Drawdown Comparison
The maximum EIBAX drawdown since its inception was -17.20%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for EIBAX and AGG.
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Drawdown Indicators
| EIBAX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -18.43% | +1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.76% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -5.07% | -4.98% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -17.82% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -17.20% | -18.43% | +1.23% |
Current DrawdownCurrent decline from peak | -2.43% | -2.94% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -2.70% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.09% | +0.14% |
Volatility
EIBAX vs. AGG - Volatility Comparison
Eaton Vance Total Return Bond Fund (EIBAX) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.03% and 1.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBAX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.03% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.98% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.78% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 6.10% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 5.41% | -0.72% |
EIBAX vs. AGG - Expense Ratio Comparison
EIBAX has a 0.49% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
EIBAX vs. AGG - Dividend Comparison
EIBAX's dividend yield for the trailing twelve months is around 4.75%, more than AGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
EIBAX Eaton Vance Total Return Bond Fund | 4.75% | 5.13% | 5.58% | 4.01% | 4.04% | 3.49% | 3.87% | 3.97% | 4.16% | 3.55% | 3.90% | 5.69% |
Frequently Asked Questions
EIBAX and AGG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.03%) compared to EIBAX (1.03%). In terms of maximum drawdown, EIBAX dropped -17.20% vs AGG's -18.43%.
EIBAX currently has the higher Sharpe Ratio (0.95 vs 0.72), 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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