EIPCX vs. ECSIX
EIPCX (Parametric Commodity Strategy Fund Class I) and ECSIX (Eaton Vance Short Duration Strategic Income Fund) are both mutual funds - EIPCX is a Commodities fund managed by Eaton Vance, while ECSIX is a Multisector Bonds fund managed by Eaton Vance. Over the past 10 years, EIPCX returned 10.87%/yr vs 3.86%/yr for ECSIX. Their 0.20 correlation means their historical movements had little consistent relationship. EIPCX charges 0.66%/yr vs 1.82%/yr for ECSIX.
Performance
EIPCX vs. ECSIX - Performance Comparison
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Returns By Period
In the year-to-date period, EIPCX achieves a 20.06% return, which is significantly higher than ECSIX's 2.00% return. Over the past 10 years, EIPCX has outperformed ECSIX with an annualized return of 10.87%, while ECSIX has yielded a comparatively lower 3.86% annualized return.
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%
ECSIX
- 1D
- 0.35%
- 1M
- -0.43%
- 6M
- 0.72%
- YTD
- 2.00%
- 1Y
- 6.67%
- 3Y*
- 7.14%
- 5Y*
- 4.24%
- 10Y*
- 3.86%
- ALL TIME*
- 5.65%
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. ECSIX - 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% |
ECSIX Eaton Vance Short Duration Strategic Income Fund | 2.00% | 10.19% | 5.71% | 7.31% | -3.31% | 0.69% | 6.60% | 5.76% | -3.37% | 4.04% |
Correlation
The correlation between EIPCX and ECSIX is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 26, 2011 | 0.20 |
The correlation between EIPCX and ECSIX shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIPCX vs. ECSIX — Risk / Return Rank
EIPCX
ECSIX
EIPCX vs. ECSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) and Eaton Vance Short Duration Strategic Income Fund (ECSIX). 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 | ECSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.53 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.04 | -0.22 |
| Martin ratioReturn relative to average drawdown | 9.13 | 10.17 | -1.03 |
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Drawdowns
EIPCX vs. ECSIX - Drawdown Comparison
The maximum EIPCX drawdown since its inception was -54.05%, which is greater than ECSIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for EIPCX and ECSIX.
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Drawdown Indicators
| EIPCX | ECSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.05% | -12.95% | -41.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -2.43% | -9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.19% | -2.56% | -9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -7.19% | -10.81% |
Max Drawdown (10Y)Largest decline over 10 years | -28.53% | -12.53% | -16.00% |
Current DrawdownCurrent decline from peak | -5.80% | -0.58% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -1.34% | -22.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 0.72% | +3.05% |
Volatility
EIPCX vs. ECSIX - Volatility Comparison
Parametric Commodity Strategy Fund Class I (EIPCX) has a higher volatility of 3.50% compared to Eaton Vance Short Duration Strategic Income Fund (ECSIX) at 0.87%. This indicates that EIPCX's price experiences larger fluctuations and is considered to be riskier than ECSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIPCX | ECSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 0.87% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 2.35% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 2.87% | +11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 3.23% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 3.17% | +10.11% |
EIPCX vs. ECSIX - Expense Ratio Comparison
EIPCX has a 0.66% expense ratio, which is lower than ECSIX's 1.82% expense ratio.
Dividends
EIPCX vs. ECSIX - Dividend Comparison
EIPCX's dividend yield for the trailing twelve months is around 11.10%, more than ECSIX's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECSIX Eaton Vance Short Duration Strategic Income Fund | 6.39% | 5.07% | 6.21% | 6.18% | 4.78% | 3.54% | 3.47% | 3.53% | 3.19% | 2.96% | 3.20% | 3.54% |
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% | 0.00% |
Frequently Asked Questions
EIPCX and ECSIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIPCX has higher volatility (3.50%) compared to ECSIX (0.87%). In terms of maximum drawdown, EIPCX dropped -54.05% vs ECSIX's -12.95%.
ECSIX currently has the higher Sharpe Ratio (2.58 vs 2.39), 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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