EIRRX vs. ANGLX
EIRRX (Eaton Vance Short Duration Inflation-Protected Income Fund) and ANGLX (Angel Oak Multi-Strategy Income Fund) are both mutual funds - EIRRX is a Inflation-Protected Bonds fund managed by Eaton Vance, while ANGLX is a Multisector Bonds fund managed by Angel Oak. Over the past 10 years, EIRRX returned 3.73%/yr vs 2.29%/yr for ANGLX. Their 0.23 correlation means their historical movements had little consistent relationship. EIRRX charges 0.64%/yr vs 1.21%/yr for ANGLX.
Performance
EIRRX vs. ANGLX - Performance Comparison
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Returns By Period
In the year-to-date period, EIRRX achieves a 1.27% return, which is significantly lower than ANGLX's 1.94% return. Over the past 10 years, EIRRX has outperformed ANGLX with an annualized return of 3.73%, while ANGLX has yielded a comparatively lower 2.29% annualized return.
EIRRX
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 0.77%
- YTD
- 1.27%
- 1Y
- 2.33%
- 3Y*
- 4.83%
- 5Y*
- 3.31%
- 10Y*
- 3.73%
- ALL TIME*
- 2.81%
ANGLX
- 1D
- 0.00%
- 1M
- -0.57%
- 6M
- 1.46%
- YTD
- 1.94%
- 1Y
- 5.08%
- 3Y*
- 6.54%
- 5Y*
- 1.24%
- 10Y*
- 2.29%
- ALL TIME*
- 4.10%
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 |
EIRRX vs. ANGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund | 1.27% | 4.63% | 5.65% | 6.33% | -3.08% | 7.84% | 5.25% | 5.60% | -0.15% | 1.94% |
ANGLX Angel Oak Multi-Strategy Income Fund | 1.94% | 7.45% | 7.60% | 4.06% | -14.00% | 4.26% | -1.99% | 4.73% | 2.62% | 5.47% |
Correlation
The correlation between EIRRX and ANGLX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.23 |
The correlation between EIRRX and ANGLX shifts across timeframes, from 0.23 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EIRRX vs. ANGLX — Risk / Return Rank
EIRRX
ANGLX
EIRRX vs. ANGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) and Angel Oak Multi-Strategy Income Fund (ANGLX). 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.
| EIRRX | ANGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.67 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 4.05 | -1.30 |
| Martin ratioReturn relative to average drawdown | 8.19 | 16.47 | -8.28 |
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Drawdowns
EIRRX vs. ANGLX - Drawdown Comparison
The maximum EIRRX drawdown since its inception was -10.27%, smaller than the maximum ANGLX drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for EIRRX and ANGLX.
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Drawdown Indicators
| EIRRX | ANGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.27% | -16.40% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -1.47% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.67% | -1.59% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -6.22% | -14.34% | +8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -10.27% | -16.40% | +6.13% |
Current DrawdownCurrent decline from peak | -0.47% | -0.68% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -2.72% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.36% | -0.06% |
Volatility
EIRRX vs. ANGLX - Volatility Comparison
Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) and Angel Oak Multi-Strategy Income Fund (ANGLX) have volatilities of 0.48% and 0.49%, 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.
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Volatility by Period
| EIRRX | ANGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.49% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 1.72% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.66% | 2.26% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.81% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 3.29% | -0.52% |
EIRRX vs. ANGLX - Expense Ratio Comparison
EIRRX has a 0.64% expense ratio, which is lower than ANGLX's 1.21% expense ratio.
Dividends
EIRRX vs. ANGLX - Dividend Comparison
EIRRX's dividend yield for the trailing twelve months is around 5.28%, more than ANGLX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGLX Angel Oak Multi-Strategy Income Fund | 4.74% | 5.41% | 5.89% | 4.78% | 3.69% | 4.69% | 4.38% | 4.53% | 4.70% | 4.97% | 5.83% | 6.74% |
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund | 5.28% | 3.57% | 4.08% | 4.50% | 5.07% | 3.54% | 2.21% | 2.66% | 2.91% | 2.13% | 2.24% | 2.05% |
Frequently Asked Questions
EIRRX and ANGLX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANGLX has higher volatility (0.49%) compared to EIRRX (0.48%). In terms of maximum drawdown, EIRRX dropped -10.27% vs ANGLX's -16.40%.
ANGLX currently has the higher Sharpe Ratio (2.64 vs 1.47), 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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