EIBAX vs. EEIAX
Compare and contrast key facts about Eaton Vance Total Return Bond Fund (EIBAX) and Eaton Vance Emerging Markets Local Income Fund (EEIAX).
EIBAX is managed by Eaton Vance. It was launched on Nov 17, 2009. EEIAX is managed by Eaton Vance. It was launched on Jun 26, 2007.
Performance
EIBAX vs. EEIAX - Performance Comparison
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EIBAX vs. EEIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBAX Eaton Vance Total Return Bond Fund | -0.62% | 9.15% | 4.38% | 5.59% | -12.88% | 3.02% | 5.89% | 10.84% | -0.84% | 7.72% |
EEIAX Eaton Vance Emerging Markets Local Income Fund | -0.99% | 23.43% | -1.23% | 13.63% | -11.99% | -7.64% | 4.68% | 22.66% | -8.38% | 16.10% |
Returns By Period
In the year-to-date period, EIBAX achieves a -0.62% return, which is significantly higher than EEIAX's -0.99% return. Over the past 10 years, EIBAX has underperformed EEIAX with an annualized return of 3.78%, while EEIAX has yielded a comparatively higher 4.56% annualized return.
EIBAX
- 1D
- 0.29%
- 1M
- -1.97%
- YTD
- -0.62%
- 6M
- 0.44%
- 1Y
- 5.14%
- 3Y*
- 5.11%
- 5Y*
- 1.39%
- 10Y*
- 3.78%
EEIAX
- 1D
- 0.88%
- 1M
- -5.04%
- YTD
- -0.99%
- 6M
- 4.40%
- 1Y
- 18.10%
- 3Y*
- 8.97%
- 5Y*
- 3.83%
- 10Y*
- 4.56%
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EIBAX vs. EEIAX - Expense Ratio Comparison
EIBAX has a 0.49% expense ratio, which is lower than EEIAX's 1.19% expense ratio.
Return for Risk
EIBAX vs. EEIAX — Risk / Return Rank
EIBAX
EEIAX
EIBAX vs. EEIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Total Return Bond Fund (EIBAX) and Eaton Vance Emerging Markets Local Income Fund (EEIAX). 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.
| EIBAX | EEIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 2.66 | -1.39 |
Sortino ratioReturn per unit of downside risk | 1.84 | 3.68 | -1.84 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.53 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.45 | -0.61 |
Martin ratioReturn relative to average drawdown | 6.68 | 11.20 | -4.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EIBAX | EEIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.66 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.48 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.54 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.41 | +0.40 |
Correlation
The correlation between EIBAX and EEIAX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EIBAX vs. EEIAX - Dividend Comparison
EIBAX's dividend yield for the trailing twelve months is around 4.76%, less than EEIAX's 10.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBAX Eaton Vance Total Return Bond Fund | 4.76% | 5.13% | 5.58% | 4.01% | 4.04% | 3.49% | 3.87% | 3.97% | 4.16% | 3.55% | 3.90% | 5.69% |
EEIAX Eaton Vance Emerging Markets Local Income Fund | 10.48% | 8.48% | 11.19% | 11.34% | 13.39% | 11.14% | 9.77% | 13.03% | 10.48% | 8.74% | 10.80% | 11.65% |
Drawdowns
EIBAX vs. EEIAX - Drawdown Comparison
The maximum EIBAX drawdown since its inception was -17.20%, smaller than the maximum EEIAX drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for EIBAX and EEIAX.
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Drawdown Indicators
| EIBAX | EEIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -31.70% | +14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -7.40% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -26.72% | +9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -17.20% | -28.43% | +11.23% |
Current DrawdownCurrent decline from peak | -2.52% | -6.58% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -8.97% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.62% | -0.72% |
Volatility
EIBAX vs. EEIAX - Volatility Comparison
The current volatility for Eaton Vance Total Return Bond Fund (EIBAX) is 1.69%, while Eaton Vance Emerging Markets Local Income Fund (EEIAX) has a volatility of 3.71%. This indicates that EIBAX experiences smaller price fluctuations and is considered to be less risky than EEIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBAX | EEIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 3.71% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 5.17% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 6.83% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 8.06% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 8.43% | -3.74% |