EIPCX vs. SPY
Compare and contrast key facts about Parametric Commodity Strategy Fund Class I (EIPCX) and SPDR S&P 500 ETF (SPY).
EIPCX is managed by Eaton Vance. It was launched on May 25, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIPCX or SPY.
Correlation
The correlation between EIPCX and SPY is 0.29, 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.
Performance
EIPCX vs. SPY - Performance Comparison
Key characteristics
EIPCX:
1.65
SPY:
1.88
EIPCX:
2.35
SPY:
2.53
EIPCX:
1.29
SPY:
1.35
EIPCX:
1.28
SPY:
2.83
EIPCX:
4.23
SPY:
11.74
EIPCX:
4.37%
SPY:
2.02%
EIPCX:
11.22%
SPY:
12.64%
EIPCX:
-54.06%
SPY:
-55.19%
EIPCX:
0.00%
SPY:
-0.42%
Returns By Period
In the year-to-date period, EIPCX achieves a 8.12% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, EIPCX has underperformed SPY with an annualized return of 6.20%, while SPY has yielded a comparatively higher 13.18% annualized return.
EIPCX
8.12%
3.58%
12.98%
18.49%
14.40%
6.20%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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EIPCX vs. SPY - Expense Ratio Comparison
EIPCX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EIPCX vs. SPY — Risk-Adjusted Performance Rank
EIPCX
SPY
EIPCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
EIPCX vs. SPY - Dividend Comparison
EIPCX's dividend yield for the trailing twelve months is around 5.23%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIPCX Parametric Commodity Strategy Fund Class I | 5.23% | 5.65% | 3.70% | 14.94% | 13.84% | 3.01% | 1.54% | 0.87% | 5.15% | 6.59% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EIPCX vs. SPY - Drawdown Comparison
The maximum EIPCX drawdown since its inception was -54.06%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EIPCX and SPY. For additional features, visit the drawdowns tool.
Volatility
EIPCX vs. SPY - Volatility Comparison
The current volatility for Parametric Commodity Strategy Fund Class I (EIPCX) is 2.22%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that EIPCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.