EIFVX vs. EISMX

Last updated Jun 24, 2026

EIFVX (Eaton Vance Focused Value Opportunities Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EIFVX is a Large Cap Value Equities fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EIFVX returned 12.75%/yr vs 9.80%/yr for EISMX. Their correlation of 0.85 suggests significant overlap in exposure. EIFVX charges 0.74%/yr vs 0.88%/yr for EISMX.

Performance

EIFVX vs. EISMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Focused Value Opportunities Fund (EIFVX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIFVX achieves a 16.51% return, which is significantly higher than EISMX's -3.93% return. Over the past 10 years, EIFVX has outperformed EISMX with an annualized return of 12.75%, while EISMX has yielded a comparatively lower 9.80% annualized return.

EIFVX

• 1D: 1.29%
• 1M: 2.80%
• YTD: 16.51%
• 6M: 15.79%
• 1Y: 28.68%
• 3Y*: 16.50%
• 5Y*: 10.10%
• 10Y*: 12.75%

EISMX

• 1D: -0.70%
• 1M: -0.76%
• YTD: -3.93%
• 6M: -5.19%
• 1Y: -6.44%
• 3Y*: 6.41%
• 5Y*: 3.57%
• 10Y*: 9.80%

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

EIFVX vs. EISMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIFVX Eaton Vance Focused Value Opportunities Fund	16.51%	10.89%	12.44%	8.48%	-3.31%	23.71%	2.23%	37.25%	-6.15%	20.40%
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund	-3.93%	-5.66%	17.64%	14.01%	-8.77%	22.02%	11.31%	34.37%	-5.55%	24.71%

Correlation

The correlation between EIFVX and EISMX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.85

The correlation between EIFVX and EISMX shifts across timeframes, from 0.66 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EIFVX vs. EISMX — Risk / Return Rank

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

EIFVX

EIFVX Risk / Return Rank: 74
EIFVX Sharpe Ratio Rank: 81
EIFVX Sortino Ratio Rank: 80
EIFVX Omega Ratio Rank: 73
EIFVX Calmar Ratio Rank: 67
EIFVX Martin Ratio Rank: 67

EISMX

EISMX Risk / Return Rank: 1
EISMX Sharpe Ratio Rank: 1
EISMX Sortino Ratio Rank: 1
EISMX Omega Ratio Rank: 2
EISMX Calmar Ratio Rank: 1
EISMX Martin Ratio Rank: 1

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.

EIFVX vs. EISMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Focused Value Opportunities Fund (EIFVX) 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.

	EIFVX	EISMX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	-0.33	+2.80
Sortino ratio: Return per unit of downside risk	3.47	-0.39	+3.86
Omega ratio: Gain probability vs. loss probability	1.44	0.96	+0.48
Calmar ratio: Return relative to maximum drawdown	3.00	-0.35	+3.36
Martin ratio: Return relative to average drawdown	12.29	-0.66	+12.96

EIFVX vs. EISMX - Sharpe Ratio Comparison

The current EIFVX Sharpe Ratio is 2.46, which is higher than the EISMX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of EIFVX and EISMX, 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

EIFVX vs. EISMX - Drawdown Comparison

The maximum EIFVX drawdown since its inception was -40.64%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EIFVX and EISMX.

Drawdown Indicators

	EIFVX	EISMX	Difference
Max Drawdown Largest peak-to-trough decline	-40.64%	-45.32%	+4.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-14.66%	+4.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.87%	-19.39%	+1.52%
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	-19.81%	+1.94%
Max Drawdown (10Y) Largest decline over 10 years	-40.64%	-39.95%	-0.69%
Current Drawdown Current decline from peak	0.00%	-14.60%	+14.60%
Average Drawdown Average peak-to-trough decline	-3.83%	-5.84%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	7.81%	-5.39%

Volatility

EIFVX vs. EISMX - Volatility Comparison

Eaton Vance Focused Value Opportunities Fund (EIFVX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) have volatilities of 4.45% and 4.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIFVX	EISMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.28%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	11.50%	-2.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	15.59%	-3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	17.14%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	18.88%	-0.80%

EIFVX vs. EISMX - Expense Ratio Comparison

EIFVX has a 0.74% expense ratio, which is lower than EISMX's 0.88% expense ratio.

Dividends

EIFVX vs. EISMX - Dividend Comparison

EIFVX's dividend yield for the trailing twelve months is around 4.79%, less than EISMX's 6.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIFVX Eaton Vance Focused Value Opportunities Fund	4.79%	5.58%	6.99%	2.92%	4.13%	9.92%	3.05%	7.05%	17.26%	3.57%	2.86%	4.17%
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund	6.69%	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

Can I hold both EIFVX and EISMX in my portfolio?

EIFVX and EISMX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIFVX or EISMX?

EIFVX has higher volatility (4.45%) compared to EISMX (4.28%). In terms of maximum drawdown, EIFVX dropped -40.64% vs EISMX's -45.32%.

Which has better risk-adjusted returns?

EIFVX currently has the higher Sharpe Ratio (2.46 vs -0.33), 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.