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EIRRX vs. BIIPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EIRRX vs. BIIPX

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) and iShares Short-Term TIPS Bond Index Fund (BIIPX).

EIRRX is managed by Eaton Vance. It was launched on Mar 31, 2010. BIIPX is managed by BlackRock. It was launched on Feb 15, 2016.

Performance

EIRRX vs. BIIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) and iShares Short-Term TIPS Bond Index Fund (BIIPX). The values are adjusted to include any dividend payments, if applicable.

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EIRRX vs. BIIPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIRRX
Eaton Vance Short Duration Inflation-Protected Income Fund		0.45%4.63%5.65%6.33%-3.08%7.84%5.25%5.60%-0.15%1.94%
BIIPX
iShares Short-Term TIPS Bond Index Fund		0.73%6.05%4.75%3.25%-4.12%5.19%4.89%4.83%0.58%0.88%

Returns By Period

In the year-to-date period, EIRRX achieves a 0.45% return, which is significantly lower than BIIPX's 0.73% return.

EIRRX

1D
0.10%
1M
0.05%
YTD
0.45%
6M
0.45%
1Y
3.33%
3Y*
4.75%
5Y*
3.82%
10Y*
3.76%

BIIPX

1D
0.00%
1M
-0.10%
YTD
0.73%
6M
1.05%
1Y
3.76%
3Y*
4.19%
5Y*
2.88%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Eaton Vance Short Duration Inflation-Protected Income Fund

iShares Short-Term TIPS Bond Index Fund

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Often compared with BIIPX:
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EIRRX vs. BIIPX - Expense Ratio Comparison

EIRRX has a 0.64% expense ratio, which is higher than BIIPX's 0.08% expense ratio.

EIRRX
Eaton Vance Short Duration Inflation-Protected Income Fund
BIIPX
iShares Short-Term TIPS Bond Index Fund

Return for Risk

EIRRX vs. BIIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIRRX
EIRRX Risk / Return Rank: 8989
Overall Rank
EIRRX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EIRRX Sortino Ratio Rank: 8787
Sortino Ratio Rank
EIRRX Omega Ratio Rank: 8888
Omega Ratio Rank
EIRRX Calmar Ratio Rank: 9292
Calmar Ratio Rank
EIRRX Martin Ratio Rank: 9494
Martin Ratio Rank
BIIPX
BIIPX Risk / Return Rank: 8888
Overall Rank
BIIPX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
BIIPX Sortino Ratio Rank: 8989
Sortino Ratio Rank
BIIPX Omega Ratio Rank: 8383
Omega Ratio Rank
BIIPX Calmar Ratio Rank: 9797
Calmar Ratio Rank
BIIPX Martin Ratio Rank: 9191
Martin Ratio Rank
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.

EIRRX vs. BIIPX - 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 iShares Short-Term TIPS Bond Index Fund (BIIPX). 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.

EIRRXBIIPXDifference

Sharpe ratio

Return per unit of total volatility

1.71

1.54

+0.17

Sortino ratio

Return per unit of downside risk

2.44

2.59

-0.15

Omega ratio

Gain probability vs. loss probability

1.38

1.35

+0.03

Calmar ratio

Return relative to maximum drawdown

2.91

4.06

-1.15

Martin ratio

Return relative to average drawdown

12.86

11.31

+1.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIRRX vs. BIIPX - Sharpe Ratio Comparison

The current EIRRX Sharpe Ratio is 1.71, which is comparable to the BIIPX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of EIRRX and BIIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EIRRXBIIPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.71

1.54

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.35

0.94

+0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.37

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.10

1.10

0.00

Correlation

The correlation between EIRRX and BIIPX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EIRRX vs. BIIPX - Dividend Comparison

EIRRX's dividend yield for the trailing twelve months is around 4.11%, more than BIIPX's 3.57% yield.

TTM20252024202320222021202020192018201720162015
EIRRX
Eaton Vance Short Duration Inflation-Protected Income Fund		4.11%3.57%4.08%4.50%5.07%3.54%2.21%2.66%2.91%2.13%2.24%2.05%
BIIPX
iShares Short-Term TIPS Bond Index Fund		3.57%4.64%4.30%2.65%4.56%4.39%1.58%2.27%2.74%1.89%0.00%0.00%

Drawdowns

EIRRX vs. BIIPX - Drawdown Comparison

The maximum EIRRX drawdown since its inception was -10.27%, which is greater than BIIPX's maximum drawdown of -6.46%. Use the drawdown chart below to compare losses from any high point for EIRRX and BIIPX.

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Drawdown Indicators

EIRRXBIIPXDifference

Max Drawdown

Largest peak-to-trough decline

-10.27%

-6.46%

-3.81%

Max Drawdown (1Y)

Largest decline over 1 year

-1.18%

-1.12%

-0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-6.22%

-6.46%

+0.24%

Max Drawdown (10Y)

Largest decline over 10 years

-10.27%

—

—

Current Drawdown

Current decline from peak

-0.44%

-0.51%

+0.07%

Average Drawdown

Average peak-to-trough decline

-1.01%

-1.09%

+0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.27%

0.40%

-0.13%

Volatility

EIRRX vs. BIIPX - Volatility Comparison

Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) has a higher volatility of 0.69% compared to iShares Short-Term TIPS Bond Index Fund (BIIPX) at 0.56%. This indicates that EIRRX's price experiences larger fluctuations and is considered to be riskier than BIIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EIRRXBIIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.69%

0.56%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

1.13%

1.28%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

1.96%

2.53%

-0.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.85%

3.07%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.76%

2.63%

+0.13%