EIBSX vs. EGRIX
EIBSX (Parametric TABS Short-Term Municipal Bond Fund) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both mutual funds - EIBSX is a Municipal Bonds fund managed by Eaton Vance, while EGRIX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EIBSX returned 2.03%/yr vs 6.55%/yr for EGRIX. At a correlation of -0.00, they often move in opposite directions. EIBSX charges 0.55%/yr vs 1.05%/yr for EGRIX.
Performance
EIBSX vs. EGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, EIBSX achieves a 1.60% return, which is significantly lower than EGRIX's 7.87% return. Over the past 10 years, EIBSX has underperformed EGRIX with an annualized return of 2.03%, while EGRIX has yielded a comparatively higher 6.55% annualized return.
EIBSX
- 1D
- 0.27%
- 1M
- 0.37%
- YTD
- 1.60%
- 6M
- 1.60%
- 1Y
- 5.46%
- 3Y*
- 4.37%
- 5Y*
- 1.93%
- 10Y*
- 2.03%
EGRIX
- 1D
- 0.16%
- 1M
- 1.29%
- YTD
- 7.87%
- 6M
- 7.87%
- 1Y
- 18.82%
- 3Y*
- 13.07%
- 5Y*
- 8.85%
- 10Y*
- 6.55%
EIBSX vs. EGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBSX Parametric TABS Short-Term Municipal Bond Fund | 1.60% | 6.85% | 2.14% | 4.24% | -4.76% | -0.09% | 5.95% | 4.56% | 0.69% | 2.32% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 7.87% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Correlation
The correlation between EIBSX and EGRIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2010 | -0.00 |
The correlation between EIBSX and EGRIX shifts across timeframes, from -0.00 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EIBSX vs. EGRIX — Risk / Return Rank
EIBSX
EGRIX
EIBSX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric TABS Short-Term Municipal Bond Fund (EIBSX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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.
| EIBSX | EGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 2.45 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 5.74 | -3.16 |
| Martin ratioReturn relative to average drawdown | 8.75 | 20.76 | -12.00 |
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Drawdowns
EIBSX vs. EGRIX - Drawdown Comparison
The maximum EIBSX drawdown since its inception was -9.75%, smaller than the maximum EGRIX drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for EIBSX and EGRIX.
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Drawdown Indicators
| EIBSX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.75% | -14.17% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -3.37% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -3.37% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -8.99% | -10.18% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -9.75% | -14.17% | +4.42% |
Current DrawdownCurrent decline from peak | -0.19% | 0.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -1.83% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.93% | -0.30% |
Volatility
EIBSX vs. EGRIX - Volatility Comparison
The current volatility for Parametric TABS Short-Term Municipal Bond Fund (EIBSX) is 0.40%, while Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) has a volatility of 0.79%. This indicates that EIBSX experiences smaller price fluctuations and is considered to be less risky than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBSX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.79% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 3.21% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 3.56% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 4.04% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.01% | 3.96% | -0.95% |
EIBSX vs. EGRIX - Expense Ratio Comparison
EIBSX has a 0.55% expense ratio, which is lower than EGRIX's 1.05% expense ratio.
Dividends
EIBSX vs. EGRIX - Dividend Comparison
EIBSX's dividend yield for the trailing twelve months is around 3.23%, less than EGRIX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.17% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
EIBSX Parametric TABS Short-Term Municipal Bond Fund | 3.23% | 4.18% | 3.81% | 2.14% | 1.62% | 1.41% | 3.17% | 2.05% | 1.75% | 1.63% | 2.15% | 2.08% |
Frequently Asked Questions
EIBSX and EGRIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGRIX has higher volatility (0.79%) compared to EIBSX (0.40%). In terms of maximum drawdown, EIBSX dropped -9.75% vs EGRIX's -14.17%.
EGRIX currently has the higher Sharpe Ratio (5.43 vs 2.87), 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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