EIGMX vs. EISMX

Last updated Jun 6, 2026

EIGMX (Eaton Vance Global Macro Absolute Return Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EIGMX is a Nontraditional Bonds fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EIGMX returned 4.94%/yr vs 9.53%/yr for EISMX. At a 0.12 correlation, their price movements are largely independent. EIGMX charges 0.76%/yr vs 0.88%/yr for EISMX.

Performance

EIGMX vs. EISMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Global Macro Absolute Return Fund (EIGMX) 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, EIGMX achieves a 4.38% return, which is significantly higher than EISMX's -2.31% return. Over the past 10 years, EIGMX has underperformed EISMX with an annualized return of 4.94%, while EISMX has yielded a comparatively higher 9.53% annualized return.

EIGMX

• 1D: 0.11%
• 1M: 0.44%
• YTD: 4.38%
• 6M: 5.18%
• 1Y: 12.11%
• 3Y*: 9.33%
• 5Y*: 6.25%
• 10Y*: 4.94%

EISMX

• 1D: 0.78%
• 1M: 0.17%
• YTD: -2.31%
• 6M: -3.03%
• 1Y: -4.43%
• 3Y*: 7.39%
• 5Y*: 3.68%
• 10Y*: 9.53%

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

EIGMX vs. EISMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIGMX Eaton Vance Global Macro Absolute Return Fund	4.38%	11.37%	8.69%	6.99%	-0.47%	2.19%	3.59%	9.76%	-3.29%	4.29%
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund	-2.31%	-5.66%	17.64%	14.01%	-8.77%	22.02%	11.31%	34.37%	-5.55%	24.71%

Correlation

The correlation between EIGMX and EISMX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007	0.12

Return for Risk

EIGMX vs. EISMX — Risk / Return Rank

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

EIGMX

EIGMX Risk / Return Rank: 99
EIGMX Sharpe Ratio Rank: 100
EIGMX Sortino Ratio Rank: 99
EIGMX Omega Ratio Rank: 99
EIGMX Calmar Ratio Rank: 98
EIGMX Martin Ratio Rank: 98

EISMX

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

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.

EIGMX vs. EISMX - 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 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.

	EIGMX	EISMX	Difference
Sharpe ratio: Return per unit of total volatility	6.67	-0.32	+6.98
Sortino ratio: Return per unit of downside risk	10.67	-0.36	+11.03
Omega ratio: Gain probability vs. loss probability	3.29	0.96	+2.33
Calmar ratio: Return relative to maximum drawdown	8.52	-0.33	+8.85
Martin ratio: Return relative to average drawdown	30.92	-0.64	+31.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIGMX vs. EISMX - Sharpe Ratio Comparison

The current EIGMX Sharpe Ratio is 6.67, which is higher than the EISMX Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of EIGMX 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.

Sharpe Ratios by Period

	EIGMX	EISMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.67	-0.32	+6.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.40	0.22	+2.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.98	0.51	+1.47
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.53	+1.07

Drawdowns

EIGMX vs. EISMX - Drawdown Comparison

The maximum EIGMX drawdown since its inception was -9.42%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EIGMX and EISMX.

Drawdown Indicators

	EIGMX	EISMX	Difference
Max Drawdown Largest peak-to-trough decline	-9.42%	-45.32%	+35.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.44%	-14.66%	+13.22%
Max Drawdown (3Y) Largest decline over 3 years	-1.63%	-19.39%	+17.76%
Max Drawdown (5Y) Largest decline over 5 years	-7.39%	-19.81%	+12.42%
Max Drawdown (10Y) Largest decline over 10 years	-9.42%	-39.95%	+30.53%
Current Drawdown Current decline from peak	0.00%	-13.16%	+13.16%
Average Drawdown Average peak-to-trough decline	-0.92%	-5.83%	+4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	7.50%	-7.10%

Volatility

EIGMX vs. EISMX - Volatility Comparison

The current volatility for Eaton Vance Global Macro Absolute Return Fund (EIGMX) is 0.41%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 4.00%. This indicates that EIGMX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIGMX	EISMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	4.00%	-3.59%
Volatility (6M) Calculated over the trailing 6-month period	1.61%	11.18%	-9.57%
Volatility (1Y) Calculated over the trailing 1-year period	1.85%	15.33%	-13.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.61%	17.12%	-14.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.50%	18.85%	-16.35%

EIGMX vs. EISMX - Expense Ratio Comparison

EIGMX has a 0.76% expense ratio, which is lower than EISMX's 0.88% expense ratio.

Dividends

EIGMX vs. EISMX - Dividend Comparison

EIGMX's dividend yield for the trailing twelve months is around 6.66%, more than EISMX's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIGMX Eaton Vance Global Macro Absolute Return Fund	6.66%	5.72%	6.16%	5.79%	4.78%	4.18%	4.37%	5.44%	3.72%	3.42%	4.02%	5.54%
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund	6.58%	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 EIGMX and EISMX in my portfolio?

EIGMX and EISMX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIGMX or EISMX?

EISMX has higher volatility (4.00%) compared to EIGMX (0.41%). In terms of maximum drawdown, EIGMX dropped -9.42% vs EISMX's -45.32%.

Which has better risk-adjusted returns?

EIGMX currently has the higher Sharpe Ratio (6.67 vs -0.32), 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.