EIBLX vs. EIGMX
EIBLX (Eaton Vance Floating Rate Fund) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - EIBLX is a Bank Loan fund managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EIBLX returned 4.70%/yr vs 4.96%/yr for EIGMX. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.76% expense ratio.
Performance
EIBLX vs. EIGMX - Performance Comparison
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Returns By Period
In the year-to-date period, EIBLX achieves a 0.49% return, which is significantly lower than EIGMX's 4.73% return. Over the past 10 years, EIBLX has underperformed EIGMX with an annualized return of 4.70%, while EIGMX has yielded a comparatively higher 4.96% annualized return.
EIBLX
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.49%
- 6M
- 0.83%
- 1Y
- 3.12%
- 3Y*
- 6.53%
- 5Y*
- 4.75%
- 10Y*
- 4.70%
EIGMX
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 4.73%
- 6M
- 5.06%
- 1Y
- 11.83%
- 3Y*
- 8.97%
- 5Y*
- 6.30%
- 10Y*
- 4.96%
EIBLX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBLX Eaton Vance Floating Rate Fund | 0.49% | 3.90% | 8.14% | 12.29% | -2.34% | 4.33% | 2.38% | 7.07% | 0.81% | 4.48% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 4.73% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Correlation
The correlation between EIBLX and EIGMX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.20 |
The correlation between EIBLX and EIGMX shifts across timeframes, from 0.00 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIBLX vs. EIGMX — Risk / Return Rank
EIBLX
EIGMX
EIBLX vs. EIGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating Rate Fund (EIBLX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX). 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.
| EIBLX | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.03 | ||
| Sortino ratioReturn per unit of downside risk | -7.34 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 3.06 | -1.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 8.33 | -6.46 |
| Martin ratioReturn relative to average drawdown | 5.67 | 30.15 | -24.48 |
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Drawdowns
EIBLX vs. EIGMX - Drawdown Comparison
The maximum EIBLX drawdown since its inception was -32.53%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for EIBLX and EIGMX.
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Drawdown Indicators
| EIBLX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -9.42% | -23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -1.44% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -1.63% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -6.27% | -7.39% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -18.70% | -9.42% | -9.28% |
Current DrawdownCurrent decline from peak | -0.38% | -0.22% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -0.92% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.40% | +0.15% |
Volatility
EIBLX vs. EIGMX - Volatility Comparison
Eaton Vance Floating Rate Fund (EIBLX) has a higher volatility of 0.61% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.46%. This indicates that EIBLX's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBLX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.46% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 1.64% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 1.88% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 2.61% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 2.50% | +1.03% |
EIBLX vs. EIGMX - Expense Ratio Comparison
Both EIBLX and EIGMX have an expense ratio of 0.76%.
Dividends
EIBLX vs. EIGMX - Dividend Comparison
EIBLX's dividend yield for the trailing twelve months is around 7.06%, more than EIGMX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBLX Eaton Vance Floating Rate Fund | 7.06% | 7.58% | 8.29% | 8.58% | 5.02% | 3.32% | 3.68% | 5.01% | 4.46% | 3.82% | 4.14% | 4.33% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.64% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
Frequently Asked Questions
EIBLX and EIGMX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIBLX has higher volatility (0.61%) compared to EIGMX (0.46%). In terms of maximum drawdown, EIBLX dropped -32.53% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.41 vs 1.38), 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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