EIGIX vs. ESIIX
EIGIX (Eaton Vance Core Bond Fund) and ESIIX (Eaton Vance Strategic Income Fund Class I) are both mutual funds - EIGIX is a Intermediate Core-Plus Bond fund managed by Eaton Vance, while ESIIX is a Multisector Bonds fund actively managed by Eaton Vance. Over the past 10 years, EIGIX returned 2.15%/yr vs 5.26%/yr for ESIIX. At a 0.18 correlation, their price movements are largely independent. EIGIX charges 0.49%/yr vs 1.21%/yr for ESIIX.
Performance
EIGIX vs. ESIIX - Performance Comparison
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Returns By Period
In the year-to-date period, EIGIX achieves a -0.10% return, which is significantly lower than ESIIX's 2.33% return. Over the past 10 years, EIGIX has underperformed ESIIX with an annualized return of 2.15%, while ESIIX has yielded a comparatively higher 5.26% annualized return.
EIGIX
- 1D
- -0.35%
- 1M
- 0.71%
- YTD
- -0.10%
- 6M
- 0.37%
- 1Y
- 4.05%
- 3Y*
- 4.58%
- 5Y*
- 0.36%
- 10Y*
- 2.15%
ESIIX
- 1D
- -0.15%
- 1M
- 0.74%
- YTD
- 2.33%
- 6M
- 2.69%
- 1Y
- 9.39%
- 3Y*
- 8.76%
- 5Y*
- 5.43%
- 10Y*
- 5.26%
EIGIX vs. ESIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIGIX Eaton Vance Core Bond Fund | -0.10% | 7.76% | 2.90% | 5.03% | -13.13% | 0.72% | 8.18% | 9.84% | -0.50% | 4.47% |
ESIIX Eaton Vance Strategic Income Fund Class I | 2.33% | 12.46% | 6.66% | 8.52% | -2.32% | 1.59% | 7.80% | 7.65% | -2.44% | 5.16% |
Correlation
The correlation between EIGIX and ESIIX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.18 |
Over the past year, EIGIX and ESIIX have become more correlated (0.79) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
EIGIX vs. ESIIX — Risk / Return Rank
EIGIX
ESIIX
EIGIX vs. ESIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Core Bond Fund (EIGIX) and Eaton Vance Strategic Income Fund Class I (ESIIX). 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.
| EIGIX | ESIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.76 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.94 | -2.58 |
| Martin ratioReturn relative to average drawdown | 3.95 | 14.84 | -10.89 |
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Drawdowns
EIGIX vs. ESIIX - Drawdown Comparison
The maximum EIGIX drawdown since its inception was -17.71%, smaller than the maximum ESIIX drawdown of -26.87%. Use the drawdown chart below to compare losses from any high point for EIGIX and ESIIX.
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Drawdown Indicators
| EIGIX | ESIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -26.87% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.44% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.22% | -2.46% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -6.18% | -11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -17.71% | -12.25% | -5.46% |
Current DrawdownCurrent decline from peak | -1.80% | -0.44% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -4.71% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.65% | +0.44% |
Volatility
EIGIX vs. ESIIX - Volatility Comparison
Eaton Vance Core Bond Fund (EIGIX) has a higher volatility of 1.20% compared to Eaton Vance Strategic Income Fund Class I (ESIIX) at 0.90%. This indicates that EIGIX's price experiences larger fluctuations and is considered to be riskier than ESIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIGIX | ESIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.90% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.30% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 2.87% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.58% | 3.21% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 3.17% | +1.56% |
EIGIX vs. ESIIX - Expense Ratio Comparison
EIGIX has a 0.49% expense ratio, which is lower than ESIIX's 1.21% expense ratio.
Dividends
EIGIX vs. ESIIX - Dividend Comparison
EIGIX's dividend yield for the trailing twelve months is around 4.25%, less than ESIIX's 7.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIGIX Eaton Vance Core Bond Fund | 4.25% | 4.16% | 4.29% | 2.85% | 3.10% | 3.53% | 5.38% | 4.00% | 3.25% | 2.83% | 2.76% | 2.96% |
ESIIX Eaton Vance Strategic Income Fund Class I | 7.38% | 7.01% | 7.23% | 7.19% | 5.82% | 4.57% | 4.44% | 5.29% | 4.25% | 3.95% | 4.18% | 4.59% |
Frequently Asked Questions
EIGIX and ESIIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIGIX has higher volatility (1.20%) compared to ESIIX (0.90%). In terms of maximum drawdown, EIGIX dropped -17.71% vs ESIIX's -26.87%.
ESIIX currently has the higher Sharpe Ratio (3.35 vs 1.07), 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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