EIGIX vs. TGRNX
EIGIX (Eaton Vance Core Bond Fund) and TGRNX (TIAA-CREF Green Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, EIGIX returned 0.36%/yr vs 0.29%/yr for TGRNX. Their correlation of 0.94 suggests significant overlap in exposure. EIGIX charges 0.49%/yr vs 0.45%/yr for TGRNX.
Performance
EIGIX vs. TGRNX - 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 TGRNX's 0.46% 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%
TGRNX
- 1D
- -0.22%
- 1M
- 0.58%
- YTD
- 0.46%
- 6M
- 0.81%
- 1Y
- 4.47%
- 3Y*
- 4.73%
- 5Y*
- 0.29%
- 10Y*
- —
EIGIX vs. TGRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EIGIX Eaton Vance Core Bond Fund | -0.10% | 7.76% | 2.90% | 5.03% | -13.13% | 0.72% | 8.18% | 9.84% | 1.30% |
TGRNX TIAA-CREF Green Bond Fund | 0.46% | 6.76% | 3.08% | 5.73% | -13.43% | -0.60% | 8.57% | 9.15% | 1.43% |
Correlation
The correlation between EIGIX and TGRNX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.94 |
The correlation between EIGIX and TGRNX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
EIGIX vs. TGRNX — Risk / Return Rank
EIGIX
TGRNX
EIGIX vs. TGRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Core Bond Fund (EIGIX) and TIAA-CREF Green Bond Fund (TGRNX). 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 | TGRNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.92 | -0.56 |
| Martin ratioReturn relative to average drawdown | 3.95 | 6.05 | -2.10 |
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Drawdowns
EIGIX vs. TGRNX - Drawdown Comparison
The maximum EIGIX drawdown since its inception was -17.71%, roughly equal to the maximum TGRNX drawdown of -17.85%. Use the drawdown chart below to compare losses from any high point for EIGIX and TGRNX.
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Drawdown Indicators
| EIGIX | TGRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -17.85% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.47% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.22% | -3.99% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -17.85% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -17.71% | — | — |
Current DrawdownCurrent decline from peak | -1.80% | -0.99% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -5.19% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.78% | +0.31% |
Volatility
EIGIX vs. TGRNX - Volatility Comparison
Eaton Vance Core Bond Fund (EIGIX) has a higher volatility of 1.20% compared to TIAA-CREF Green Bond Fund (TGRNX) at 0.97%. This indicates that EIGIX's price experiences larger fluctuations and is considered to be riskier than TGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIGIX | TGRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.97% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.36% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 3.14% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.58% | 4.85% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.81% | -0.08% |
EIGIX vs. TGRNX - Expense Ratio Comparison
EIGIX has a 0.49% expense ratio, which is higher than TGRNX's 0.45% expense ratio.
Dividends
EIGIX vs. TGRNX - Dividend Comparison
EIGIX's dividend yield for the trailing twelve months is around 4.25%, less than TGRNX's 4.30% 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% |
TGRNX TIAA-CREF Green Bond Fund | 4.30% | 4.31% | 4.48% | 3.30% | 2.69% | 2.76% | 4.20% | 4.38% | 0.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, EIGIX and TGRNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EIGIX has higher volatility (1.20%) compared to TGRNX (0.97%). In terms of maximum drawdown, EIGIX dropped -17.71% vs TGRNX's -17.85%.
TGRNX currently has the higher Sharpe Ratio (1.51 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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