EIRAX vs. EISMX
EIRAX (Eaton Vance Richard Bernstein All Asset Strategy Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EIRAX is a Tactical Allocation fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EIRAX returned 5.72%/yr vs 10.34%/yr for EISMX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. EIRAX charges 0.93%/yr vs 0.88%/yr for EISMX.
Performance
EIRAX vs. EISMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EIRAX achieves a 6.16% return, which is significantly higher than EISMX's 5.24% return. Over the past 10 years, EIRAX has underperformed EISMX with an annualized return of 5.72%, while EISMX has yielded a comparatively higher 10.34% annualized return.
EIRAX
- 1D
- 1.77%
- 1M
- -1.07%
- 6M
- 3.59%
- YTD
- 6.16%
- 1Y
- 13.66%
- 3Y*
- 9.27%
- 5Y*
- 3.66%
- 10Y*
- 5.72%
- ALL TIME*
- 5.75%
EISMX
- 1D
- -1.07%
- 1M
- 3.30%
- 6M
- 3.91%
- YTD
- 5.24%
- 1Y
- 2.39%
- 3Y*
- 6.91%
- 5Y*
- 5.08%
- 10Y*
- 10.34%
- ALL TIME*
- 10.64%
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 |
EIRAX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIRAX Eaton Vance Richard Bernstein All Asset Strategy Fund | 6.16% | 12.89% | 7.68% | 6.80% | -14.73% | 7.22% | 9.83% | 16.28% | -7.47% | 15.02% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 5.24% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between EIRAX and EISMX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.75 |
Over the past year, the correlation between EIRAX and EISMX has dropped to 0.47 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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
EIRAX vs. EISMX — Risk / Return Rank
EIRAX
EISMX
EIRAX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Richard Bernstein All Asset Strategy Fund (EIRAX) 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.
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.
| EIRAX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.10 | +1.85 |
| Martin ratioReturn relative to average drawdown | 7.54 | -0.20 | +7.74 |
Loading charts...
Drawdowns
EIRAX vs. EISMX - Drawdown Comparison
The maximum EIRAX drawdown since its inception was -19.85%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EIRAX and EISMX.
Loading charts...
Drawdown Indicators
| EIRAX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.85% | -45.32% | +25.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -12.69% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -19.39% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -19.81% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.85% | -39.95% | +20.10% |
Current DrawdownCurrent decline from peak | -1.88% | -6.45% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -5.86% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 6.40% | -4.60% |
Volatility
EIRAX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Richard Bernstein All Asset Strategy Fund (EIRAX) is 3.35%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 5.63%. This indicates that EIRAX 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.
Loading charts...
Volatility by Period
| EIRAX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 5.63% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 12.13% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.74% | 16.19% | -6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 17.21% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 18.87% | -9.81% |
EIRAX vs. EISMX - Expense Ratio Comparison
EIRAX has a 0.93% expense ratio, which is higher than EISMX's 0.88% expense ratio.
Dividends
EIRAX vs. EISMX - Dividend Comparison
EIRAX's dividend yield for the trailing twelve months is around 2.64%, less than EISMX's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRAX Eaton Vance Richard Bernstein All Asset Strategy Fund | 2.64% | 2.80% | 2.35% | 2.58% | 1.11% | 5.68% | 3.13% | 7.42% | 2.98% | 2.35% | 0.73% | 1.59% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.11% | 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
EIRAX and EISMX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (5.63%) compared to EIRAX (3.35%). In terms of maximum drawdown, EIRAX dropped -19.85% vs EISMX's -45.32%.
EIRAX currently has the higher Sharpe Ratio (1.39 vs -0.08), 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 EIRAX and EISMX
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