EIGMX vs. EGRIX
Compare and contrast key facts about Eaton Vance Global Macro Absolute Return Fund (EIGMX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX).
EIGMX is managed by Eaton Vance. It was launched on Jun 26, 2007. EGRIX is managed by Eaton Vance. It was launched on Aug 30, 2010.
Performance
EIGMX vs. EGRIX - Performance Comparison
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EIGMX vs. EGRIX - 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% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 3.42% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Returns By Period
In the year-to-date period, EIGMX achieves a 2.31% return, which is significantly lower than EGRIX's 3.42% return. Over the past 10 years, EIGMX has underperformed EGRIX with an annualized return of 4.83%, while EGRIX has yielded a comparatively higher 6.32% 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%
EGRIX
- 1D
- -0.17%
- 1M
- -2.03%
- YTD
- 3.42%
- 6M
- 9.75%
- 1Y
- 18.85%
- 3Y*
- 13.02%
- 5Y*
- 8.53%
- 10Y*
- 6.32%
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EIGMX vs. EGRIX - Expense Ratio Comparison
EIGMX has a 0.76% expense ratio, which is lower than EGRIX's 1.05% expense ratio.
Return for Risk
EIGMX vs. EGRIX — Risk / Return Rank
EIGMX
EGRIX
EIGMX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Macro Absolute Return Fund (EIGMX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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 | EGRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.02 | 5.18 | +0.83 |
Sortino ratioReturn per unit of downside risk | 8.81 | 6.98 | +1.83 |
Omega ratioGain probability vs. loss probability | 2.97 | 2.39 | +0.57 |
Calmar ratioReturn relative to maximum drawdown | 8.10 | 5.93 | +2.18 |
Martin ratioReturn relative to average drawdown | 33.24 | 24.80 | +8.44 |
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
| EIGMX | EGRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.02 | 5.18 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.37 | 2.15 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.94 | 1.60 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 1.29 | +0.28 |
Correlation
The correlation between EIGMX and EGRIX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EIGMX vs. EGRIX - Dividend Comparison
EIGMX's dividend yield for the trailing twelve months is around 6.74%, more than EGRIX's 6.43% 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% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.43% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
Drawdowns
EIGMX vs. EGRIX - Drawdown Comparison
The maximum EIGMX drawdown since its inception was -9.42%, smaller than the maximum EGRIX drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for EIGMX and EGRIX.
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Drawdown Indicators
| EIGMX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -14.17% | +4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -3.13% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -7.39% | -10.18% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | -14.17% | +4.75% |
Current DrawdownCurrent decline from peak | -1.44% | -3.12% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -1.85% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.75% | -0.40% |
Volatility
EIGMX vs. EGRIX - Volatility Comparison
The current volatility for Eaton Vance Global Macro Absolute Return Fund (EIGMX) is 0.89%, while Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) has a volatility of 1.78%. This indicates that EIGMX experiences smaller price fluctuations and is considered to be less risky than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIGMX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.78% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 2.97% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 3.67% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 4.00% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 3.95% | -1.45% |