EIPCX vs. SWMCX

Last updated Apr 1, 2026

Compare and contrast key facts about Parametric Commodity Strategy Fund Class I (EIPCX) and Schwab U.S. Mid-Cap Index Fund (SWMCX).

EIPCX is managed by Eaton Vance. It was launched on May 25, 2011. SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017.

Performance

EIPCX vs. SWMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parametric Commodity Strategy Fund Class I (EIPCX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). The values are adjusted to include any dividend payments, if applicable.

EIPCX vs. SWMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIPCX Parametric Commodity Strategy Fund Class I	16.44%	22.27%	9.97%	-4.70%	17.76%	30.13%	7.83%	9.58%	-9.45%	3.98%
SWMCX Schwab U.S. Mid-Cap Index Fund	-1.32%	10.54%	15.28%	17.20%	-17.31%	22.55%	17.03%	30.46%	-9.16%	0.40%

Returns By Period

In the year-to-date period, EIPCX achieves a 16.44% return, which is significantly higher than SWMCX's -1.32% return.

EIPCX

• 1D: 0.52%
• 1M: 5.61%
• YTD: 16.44%
• 6M: 25.65%
• 1Y: 32.48%
• 3Y*: 15.11%
• 5Y*: 16.28%
• 10Y*: 11.37%

SWMCX

• 1D: -0.70%
• 1M: -7.73%
• YTD: -1.32%
• 6M: -1.19%
• 1Y: 12.94%
• 3Y*: 12.30%
• 5Y*: 6.67%
• 10Y*: —

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

EIPCX vs. SWMCX - Expense Ratio Comparison

EIPCX has a 0.66% expense ratio, which is higher than SWMCX's 0.04% expense ratio.

EIPCX

Parametric Commodity Strategy Fund Class I

SWMCX

Schwab U.S. Mid-Cap Index Fund

Return for Risk

EIPCX vs. SWMCX — Risk / Return Rank

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

EIPCX

EIPCX Risk / Return Rank: 94
EIPCX Sharpe Ratio Rank: 95
EIPCX Sortino Ratio Rank: 93
EIPCX Omega Ratio Rank: 90
EIPCX Calmar Ratio Rank: 96
EIPCX Martin Ratio Rank: 95

SWMCX

SWMCX Risk / Return Rank: 34
SWMCX Sharpe Ratio Rank: 32
SWMCX Sortino Ratio Rank: 33
SWMCX Omega Ratio Rank: 33
SWMCX Calmar Ratio Rank: 31
SWMCX Martin Ratio Rank: 39

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.

EIPCX vs. SWMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Commodity Strategy Fund Class I (EIPCX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.

	EIPCX	SWMCX	Difference
Sharpe ratio Return per unit of total volatility	2.24	0.72	+1.53
Sortino ratio Return per unit of downside risk	2.82	1.12	+1.70
Omega ratio Gain probability vs. loss probability	1.40	1.16	+0.25
Calmar ratio Return relative to maximum drawdown	3.60	0.86	+2.73
Martin ratio Return relative to average drawdown	12.73	4.04	+8.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIPCX vs. SWMCX - Sharpe Ratio Comparison

The current EIPCX Sharpe Ratio is 2.24, which is higher than the SWMCX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of EIPCX and SWMCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EIPCX	SWMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.72	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.37	+0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.45	-0.21

Correlation

The correlation between EIPCX and SWMCX is 0.28, 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.

Dividends

EIPCX vs. SWMCX - Dividend Comparison

EIPCX's dividend yield for the trailing twelve months is around 11.45%, more than SWMCX's 2.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EIPCX Parametric Commodity Strategy Fund Class I	11.45%	13.33%	5.65%	3.69%	14.93%	13.83%	3.10%	1.54%	0.87%	5.14%	6.59%
SWMCX Schwab U.S. Mid-Cap Index Fund	2.15%	2.13%	2.60%	1.49%	1.59%	2.93%	1.45%	2.44%	1.41%	0.00%	0.00%

Drawdowns

EIPCX vs. SWMCX - Drawdown Comparison

The maximum EIPCX drawdown since its inception was -54.05%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for EIPCX and SWMCX.

Drawdown Indicators

	EIPCX	SWMCX	Difference
Max Drawdown Largest peak-to-trough decline	-54.05%	-40.34%	-13.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-13.43%	+4.28%
Max Drawdown (5Y) Largest decline over 5 years	-18.00%	-26.09%	+8.09%
Max Drawdown (10Y) Largest decline over 10 years	-28.53%	—	—
Current Drawdown Current decline from peak	-1.15%	-8.15%	+7.00%
Average Drawdown Average peak-to-trough decline	-24.51%	-6.75%	-17.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.87%	-0.29%

Volatility

EIPCX vs. SWMCX - Volatility Comparison

The current volatility for Parametric Commodity Strategy Fund Class I (EIPCX) is 4.42%, while Schwab U.S. Mid-Cap Index Fund (SWMCX) has a volatility of 4.80%. This indicates that EIPCX experiences smaller price fluctuations and is considered to be less risky than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIPCX	SWMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	4.80%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	11.76%	10.19%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	18.96%	-4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	18.23%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	20.76%	-7.46%