EIBAX vs. EISMX
EIBAX (Eaton Vance Total Return Bond Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EIBAX is a Intermediate Core-Plus Bond fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EIBAX returned 3.57%/yr vs 10.01%/yr for EISMX. At a correlation of -0.07, they often move in opposite directions. EIBAX charges 0.49%/yr vs 0.88%/yr for EISMX.
Performance
EIBAX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, EIBAX achieves a 0.80% return, which is significantly higher than EISMX's -2.06% return. Over the past 10 years, EIBAX has underperformed EISMX with an annualized return of 3.57%, while EISMX has yielded a comparatively higher 10.01% annualized return.
EIBAX
- 1D
- 0.48%
- 1M
- 0.90%
- YTD
- 0.80%
- 6M
- 1.19%
- 1Y
- 5.53%
- 3Y*
- 6.06%
- 5Y*
- 1.37%
- 10Y*
- 3.57%
EISMX
- 1D
- 1.60%
- 1M
- 0.73%
- YTD
- -2.06%
- 6M
- -3.58%
- 1Y
- -4.95%
- 3Y*
- 7.10%
- 5Y*
- 3.68%
- 10Y*
- 10.01%
EIBAX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBAX Eaton Vance Total Return Bond Fund | 0.80% | 9.15% | 4.38% | 5.59% | -12.88% | 3.02% | 5.89% | 10.84% | -0.84% | 7.72% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | -2.06% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between EIBAX and EISMX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | -0.07 |
The correlation between EIBAX and EISMX shifts across timeframes, from -0.07 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EIBAX vs. EISMX — Risk / Return Rank
EIBAX
EISMX
EIBAX vs. EISMX - 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 Atlanta Capital SMID-Cap Fund (EISMX). 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 | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.96 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.37 | +2.10 |
| Martin ratioReturn relative to average drawdown | 5.08 | -0.69 | +5.77 |
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Drawdowns
EIBAX vs. EISMX - Drawdown Comparison
The maximum EIBAX drawdown since its inception was -17.20%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EIBAX and EISMX.
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Drawdown Indicators
| EIBAX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -45.32% | +28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -14.66% | +11.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -19.39% | +13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -19.81% | +2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -17.20% | -39.95% | +22.75% |
Current DrawdownCurrent decline from peak | -1.13% | -12.94% | +11.81% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -5.84% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 7.87% | -6.76% |
Volatility
EIBAX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Total Return Bond Fund (EIBAX) is 1.31%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 4.49%. This indicates that EIBAX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBAX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 4.49% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 11.61% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 15.58% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 17.15% | -11.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 18.84% | -14.14% |
EIBAX vs. EISMX - Expense Ratio Comparison
EIBAX has a 0.49% expense ratio, which is lower than EISMX's 0.88% expense ratio.
Dividends
EIBAX vs. EISMX - Dividend Comparison
EIBAX's dividend yield for the trailing twelve months is around 5.12%, less than EISMX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBAX Eaton Vance Total Return Bond Fund | 5.12% | 5.13% | 5.58% | 4.01% | 4.04% | 3.49% | 3.87% | 3.97% | 4.16% | 3.55% | 3.90% | 5.69% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.56% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
Frequently Asked Questions
EIBAX and EISMX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (4.49%) compared to EIBAX (1.31%). In terms of maximum drawdown, EIBAX dropped -17.20% vs EISMX's -45.32%.
EIBAX currently has the higher Sharpe Ratio (1.40 vs -0.35), 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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