EIGMX vs. DCAIX
Compare and contrast key facts about Eaton Vance Global Macro Absolute Return Fund (EIGMX) and Dunham Long/Short Credit Fund (DCAIX).
EIGMX is managed by Eaton Vance. It was launched on Jun 26, 2007. DCAIX is managed by Dunham Funds. It was launched on Dec 9, 2004.
Performance
EIGMX vs. DCAIX - Performance Comparison
Loading graphics...
EIGMX vs. DCAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIGMX Eaton Vance Global Macro Absolute Return Fund | 2.31% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
DCAIX Dunham Long/Short Credit Fund | -0.12% | 2.47% | 3.78% | 0.60% | -2.64% | 1.47% | 4.11% | 5.81% | 4.17% | 10.40% |
Returns By Period
In the year-to-date period, EIGMX achieves a 2.31% return, which is significantly higher than DCAIX's -0.12% return. Over the past 10 years, EIGMX has outperformed DCAIX with an annualized return of 4.83%, while DCAIX has yielded a comparatively lower 3.58% annualized return.
EIGMX
- 1D
- -0.11%
- 1M
- -0.89%
- YTD
- 2.31%
- 6M
- 6.05%
- 1Y
- 11.82%
- 3Y*
- 9.13%
- 5Y*
- 6.15%
- 10Y*
- 4.83%
DCAIX
- 1D
- -0.36%
- 1M
- -0.36%
- YTD
- -0.12%
- 6M
- 0.29%
- 1Y
- 1.61%
- 3Y*
- 3.10%
- 5Y*
- 0.93%
- 10Y*
- 3.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EIGMX vs. DCAIX - Expense Ratio Comparison
EIGMX has a 0.76% expense ratio, which is lower than DCAIX's 1.98% expense ratio.
Return for Risk
EIGMX vs. DCAIX — Risk / Return Rank
EIGMX
DCAIX
EIGMX vs. DCAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Fund (EIGMX) and Dunham Long/Short Credit Fund (DCAIX). 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.
| EIGMX | DCAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.02 | 1.09 | +4.93 |
Sortino ratioReturn per unit of downside risk | 8.81 | 1.43 | +7.39 |
Omega ratioGain probability vs. loss probability | 2.97 | 1.36 | +1.61 |
Calmar ratioReturn relative to maximum drawdown | 8.10 | 1.92 | +6.19 |
Martin ratioReturn relative to average drawdown | 33.24 | 10.77 | +22.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EIGMX | DCAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.02 | 1.09 | +4.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.37 | 0.59 | +1.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.94 | 0.88 | +1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.24 | +1.33 |
Correlation
The correlation between EIGMX and DCAIX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EIGMX vs. DCAIX - Dividend Comparison
EIGMX's dividend yield for the trailing twelve months is around 6.74%, more than DCAIX's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.74% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
DCAIX Dunham Long/Short Credit Fund | 3.45% | 3.79% | 3.72% | 4.04% | 2.63% | 2.25% | 2.39% | 2.27% | 1.31% | 1.33% | 2.28% | 5.72% |
Drawdowns
EIGMX vs. DCAIX - Drawdown Comparison
The maximum EIGMX drawdown since its inception was -9.42%, smaller than the maximum DCAIX drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for EIGMX and DCAIX.
Loading graphics...
Drawdown Indicators
| EIGMX | DCAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -46.34% | +36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -0.84% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -7.39% | -5.45% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | -6.53% | -2.89% |
Current DrawdownCurrent decline from peak | -1.44% | -0.46% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -6.02% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.15% | +0.20% |
Volatility
EIGMX vs. DCAIX - Volatility Comparison
Eaton Vance Global Macro Absolute Return Fund (EIGMX) has a higher volatility of 0.89% compared to Dunham Long/Short Credit Fund (DCAIX) at 0.48%. This indicates that EIGMX's price experiences larger fluctuations and is considered to be riskier than DCAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EIGMX | DCAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.48% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 0.80% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 1.49% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 1.58% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 4.07% | -1.57% |