EICIX vs. M

Last updated Jun 16, 2026

EICIX (EIC Value Fund) is Large Cap Value Equities fund managed by Equity Investment Corp, while M (Macy's, Inc.) is a stock. Over the past 10 years, EICIX returned 11.63%/yr vs 1.41%/yr for M. At a 0.48 correlation, their price movements are largely independent.

Performance

EICIX vs. M - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EIC Value Fund (EICIX) and Macy's, Inc. (M). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EICIX achieves a 6.59% return, which is significantly lower than M's 14.05% return. Over the past 10 years, EICIX has outperformed M with an annualized return of 11.63%, while M has yielded a comparatively lower 1.41% annualized return.

EICIX

• 1D: 0.74%
• 1M: 5.24%
• YTD: 6.59%
• 6M: 5.53%
• 1Y: 14.41%
• 3Y*: 15.41%
• 5Y*: 10.38%
• 10Y*: 11.63%

M

• 1D: -1.98%
• 1M: 35.08%
• YTD: 14.05%
• 6M: 5.49%
• 1Y: 127.89%
• 3Y*: 21.01%
• 5Y*: 9.92%
• 10Y*: 1.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EICIX vs. M - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EICIX EIC Value Fund	6.59%	16.01%	11.55%	12.91%	0.90%	30.08%	4.27%	22.64%	-7.80%	14.42%
M Macy's, Inc.	14.05%	36.55%	-12.41%	1.64%	-18.66%	135.80%	-31.08%	-38.20%	23.64%	-25.29%

Correlation

The correlation between EICIX and M is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 2, 2011	0.48

Return for Risk

EICIX vs. M — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EICIX

EICIX Risk / Return Rank: 21
EICIX Sharpe Ratio Rank: 22
EICIX Sortino Ratio Rank: 23
EICIX Omega Ratio Rank: 20
EICIX Calmar Ratio Rank: 24
EICIX Martin Ratio Rank: 17

M

M Risk / Return Rank: 92
M Sharpe Ratio Rank: 94
M Sortino Ratio Rank: 95
M Omega Ratio Rank: 92
M Calmar Ratio Rank: 91
M Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EICIX vs. M - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EIC Value Fund (EICIX) and Macy's, Inc. (M). 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.

	EICIX	M	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.79	-1.62
Sortino ratio: Return per unit of downside risk	1.74	3.79	-2.04
Omega ratio: Gain probability vs. loss probability	1.20	1.44	-0.24
Calmar ratio: Return relative to maximum drawdown	1.57	4.50	-2.93
Martin ratio: Return relative to average drawdown	3.89	10.89	-7.00

EICIX vs. M - Sharpe Ratio Comparison

The current EICIX Sharpe Ratio is 1.16, which is lower than the M Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of EICIX and M, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EICIX vs. M - Drawdown Comparison

The maximum EICIX drawdown since its inception was -34.26%, smaller than the maximum M drawdown of -91.95%. Use the drawdown chart below to compare losses from any high point for EICIX and M.

Drawdown Indicators

	EICIX	M	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-91.95%	+57.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-28.61%	+20.06%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-51.33%	+40.23%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-69.65%	+52.29%
Max Drawdown (10Y) Largest decline over 10 years	-34.26%	-87.79%	+53.53%
Current Drawdown Current decline from peak	-2.95%	-45.61%	+42.66%
Average Drawdown Average peak-to-trough decline	-3.41%	-34.61%	+31.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	11.79%	-8.40%

Volatility

EICIX vs. M - Volatility Comparison

The current volatility for EIC Value Fund (EICIX) is 2.75%, while Macy's, Inc. (M) has a volatility of 14.88%. This indicates that EICIX experiences smaller price fluctuations and is considered to be less risky than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EICIX	M	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	14.88%	-12.13%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	29.42%	-21.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	46.25%	-34.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	54.14%	-39.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	56.19%	-39.92%

Dividends

EICIX vs. M - Dividend Comparison

EICIX's dividend yield for the trailing twelve months is around 8.39%, more than M's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EICIX EIC Value Fund	8.39%	8.95%	9.47%	4.09%	6.07%	11.14%	6.05%	7.71%	10.82%	8.51%	2.03%	3.42%
M Macy's, Inc.	3.03%	3.31%	4.10%	3.29%	3.05%	1.15%	3.36%	8.88%	5.07%	5.99%	4.17%	3.98%

Frequently Asked Questions

Can I hold both EICIX and M in my portfolio?

EICIX and M have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EICIX or M?

M has higher volatility (14.88%) compared to EICIX (2.75%). In terms of maximum drawdown, EICIX dropped -34.26% vs M's -91.95%.

Which has better risk-adjusted returns?

M currently has the higher Sharpe Ratio (2.79 vs 1.16), 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.