EIPCX vs. EAPCX
EIPCX (Parametric Commodity Strategy Fund Class I) and EAPCX (Parametric Commodity Strategy Fund Class A) are both Commodities funds from Eaton Vance. Over the past 10 years, EIPCX returned 10.87%/yr vs 10.62%/yr for EAPCX. Their 0.99 correlation means they have historically moved very closely together. EIPCX charges 0.66%/yr vs 0.91%/yr for EAPCX.
Performance
EIPCX vs. EAPCX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with EIPCX having a 20.06% return and EAPCX slightly lower at 19.85%. Both investments have delivered pretty close results over the past 10 years, with EIPCX having a 10.87% annualized return and EAPCX not far behind at 10.62%.
EIPCX
- 1D
- 0.13%
- 1M
- 5.57%
- 6M
- 11.64%
- YTD
- 20.06%
- 1Y
- 37.22%
- 3Y*
- 14.91%
- 5Y*
- 13.69%
- 10Y*
- 10.87%
- ALL TIME*
- 3.22%
EAPCX
- 1D
- 0.13%
- 1M
- 5.51%
- 6M
- 11.51%
- YTD
- 19.85%
- 1Y
- 36.85%
- 3Y*
- 14.64%
- 5Y*
- 13.40%
- 10Y*
- 10.62%
- ALL TIME*
- 3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EIPCX vs. EAPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 20.06% | 22.27% | 9.97% | -4.70% | 17.76% | 30.13% | 7.83% | 9.58% | -9.45% | 7.07% |
EAPCX Parametric Commodity Strategy Fund Class A | 19.85% | 22.06% | 9.63% | -4.87% | 17.26% | 29.92% | 7.77% | 9.19% | -9.60% | 6.71% |
Correlation
The correlation between EIPCX and EAPCX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.99 |
The correlation between EIPCX and EAPCX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EIPCX vs. EAPCX — Risk / Return Rank
EIPCX
EAPCX
EIPCX vs. EAPCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) and Parametric Commodity Strategy Fund Class A (EAPCX). 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.
| EIPCX | EAPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.77 | +0.04 |
| Martin ratioReturn relative to average drawdown | 9.13 | 9.01 | +0.12 |
Loading charts...
Drawdowns
EIPCX vs. EAPCX - Drawdown Comparison
The maximum EIPCX drawdown since its inception was -54.05%, roughly equal to the maximum EAPCX drawdown of -52.59%. Use the drawdown chart below to compare losses from any high point for EIPCX and EAPCX.
Loading charts...
Drawdown Indicators
| EIPCX | EAPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.05% | -52.59% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -12.23% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -12.23% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -18.05% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.53% | -28.81% | +0.28% |
Current DrawdownCurrent decline from peak | -5.80% | -5.88% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -22.60% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.78% | -0.01% |
Volatility
EIPCX vs. EAPCX - Volatility Comparison
Parametric Commodity Strategy Fund Class I (EIPCX) and Parametric Commodity Strategy Fund Class A (EAPCX) have volatilities of 3.50% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EIPCX | EAPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.54% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 11.27% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 14.37% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 14.55% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 13.27% | +0.01% |
EIPCX vs. EAPCX - Expense Ratio Comparison
EIPCX has a 0.66% expense ratio, which is lower than EAPCX's 0.91% expense ratio.
Dividends
EIPCX vs. EAPCX - Dividend Comparison
EIPCX's dividend yield for the trailing twelve months is around 11.10%, which matches EAPCX's 11.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EAPCX Parametric Commodity Strategy Fund Class A | 11.04% | 13.23% | 5.46% | 3.43% | 14.80% | 13.74% | 3.01% | 1.11% | 0.41% | 4.98% | 6.49% |
EIPCX Parametric Commodity Strategy Fund Class I | 11.10% | 13.33% | 5.65% | 3.69% | 14.93% | 13.83% | 3.10% | 1.54% | 0.87% | 5.14% | 6.59% |
Frequently Asked Questions
With a correlation of 0.99, EIPCX and EAPCX 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.
EAPCX has higher volatility (3.54%) compared to EIPCX (3.50%). In terms of maximum drawdown, EIPCX dropped -54.05% vs EAPCX's -52.59%.
EIPCX currently has the higher Sharpe Ratio (2.39 vs 2.36), 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.
Find the right allocation for EIPCX and EAPCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer