EIDOX vs. AGEYX
EIDOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class I) and AGEYX (American Beacon Developing World Income Fund Class Y) are both Emerging Markets Bonds funds - EIDOX tracks the J.P. Morgan EMB (JEMB) Hard Currency / Local Currency 50-50 Index while AGEYX tracks the JPMorgan® EMBI Global Diversified Index. Both are passively managed. Over the past 10 years, EIDOX returned 7.89%/yr vs 7.86%/yr for AGEYX. A 0.61 correlation means they provide meaningful diversification when combined. EIDOX charges 0.79%/yr vs 1.14%/yr for AGEYX.
Performance
EIDOX vs. AGEYX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EIDOX having a 6.75% return and AGEYX slightly higher at 6.85%. Both investments have delivered pretty close results over the past 10 years, with EIDOX having a 7.89% annualized return and AGEYX not far behind at 7.86%.
EIDOX
- 1D
- 0.12%
- 1M
- 0.54%
- YTD
- 6.75%
- 6M
- 7.98%
- 1Y
- 18.59%
- 3Y*
- 14.96%
- 5Y*
- 8.01%
- 10Y*
- 7.89%
AGEYX
- 1D
- 0.00%
- 1M
- 0.88%
- YTD
- 6.85%
- 6M
- 8.31%
- 1Y
- 20.71%
- 3Y*
- 17.14%
- 5Y*
- 8.14%
- 10Y*
- 7.86%
EIDOX vs. AGEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 6.75% | 15.59% | 14.78% | 11.40% | -6.25% | 1.52% | 7.39% | 18.25% | -4.28% | 12.97% |
AGEYX American Beacon Developing World Income Fund Class Y | 6.85% | 19.15% | 15.85% | 13.10% | -12.62% | 6.91% | 2.54% | 13.49% | -3.42% | 15.26% |
Correlation
The correlation between EIDOX and AGEYX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.61 |
The correlation between EIDOX and AGEYX has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
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Return for Risk
EIDOX vs. AGEYX — Risk / Return Rank
EIDOX
AGEYX
EIDOX vs. AGEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) and American Beacon Developing World Income Fund Class Y (AGEYX). 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.
| EIDOX | AGEYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 2.54 | 2.60 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 6.61 | -1.29 |
| Martin ratioReturn relative to average drawdown | 21.59 | 29.67 | -8.08 |
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
| EIDOX | AGEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.61 | 5.65 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 1.58 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.67 | 1.58 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | 1.38 | +0.35 |
Drawdowns
EIDOX vs. AGEYX - Drawdown Comparison
The maximum EIDOX drawdown since its inception was -19.06%, smaller than the maximum AGEYX drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for EIDOX and AGEYX.
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Drawdown Indicators
| EIDOX | AGEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.06% | -22.24% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -3.15% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -4.77% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.42% | -22.24% | +4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -19.06% | -22.24% | +3.18% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -3.55% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.70% | +0.18% |
Volatility
EIDOX vs. AGEYX - Volatility Comparison
The current volatility for Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) is 0.68%, while American Beacon Developing World Income Fund Class Y (AGEYX) has a volatility of 0.83%. This indicates that EIDOX experiences smaller price fluctuations and is considered to be less risky than AGEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIDOX | AGEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.83% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 3.05% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.72% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 5.16% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.99% | -0.25% |
EIDOX vs. AGEYX - Expense Ratio Comparison
EIDOX has a 0.79% expense ratio, which is lower than AGEYX's 1.14% expense ratio.
Dividends
EIDOX vs. AGEYX - Dividend Comparison
EIDOX's dividend yield for the trailing twelve months is around 10.71%, more than AGEYX's 9.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGEYX American Beacon Developing World Income Fund Class Y | 9.78% | 9.99% | 12.16% | 9.64% | 7.50% | 7.90% | 7.34% | 8.61% | 9.88% | 7.30% | 8.43% | 7.03% |
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 10.71% | 9.41% | 8.52% | 8.97% | 9.13% | 7.82% | 7.66% | 7.81% | 8.10% | 7.85% | 4.10% | 0.00% |
Frequently Asked Questions
EIDOX and AGEYX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGEYX has higher volatility (0.83%) compared to EIDOX (0.68%). In terms of maximum drawdown, EIDOX dropped -19.06% vs AGEYX's -22.24%.
AGEYX currently has the higher Sharpe Ratio (5.65 vs 5.61), 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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