EIRRX vs. EELDX
EIRRX (Eaton Vance Short Duration Inflation-Protected Income Fund) and EELDX (Eaton Vance Emerging Markets Debt Opportunities Fund) are both mutual funds - EIRRX is a Inflation-Protected Bonds fund managed by Eaton Vance, while EELDX is a Emerging Markets Bonds fund managed by Eaton Vance. Over the past 10 years, EIRRX returned 3.81%/yr vs 7.99%/yr for EELDX. At a 0.18 correlation, their price movements are largely independent. EIRRX charges 0.64%/yr vs 0.78%/yr for EELDX.
Performance
EIRRX vs. EELDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EIRRX achieves a 1.64% return, which is significantly lower than EELDX's 6.66% return. Over the past 10 years, EIRRX has underperformed EELDX with an annualized return of 3.81%, while EELDX has yielded a comparatively higher 7.99% annualized return.
EIRRX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 1.64%
- 6M
- 1.55%
- 1Y
- 4.05%
- 3Y*
- 5.30%
- 5Y*
- 3.71%
- 10Y*
- 3.81%
EELDX
- 1D
- 0.12%
- 1M
- 1.02%
- YTD
- 6.66%
- 6M
- 8.15%
- 1Y
- 19.13%
- 3Y*
- 15.14%
- 5Y*
- 8.09%
- 10Y*
- 7.99%
EIRRX vs. EELDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund | 1.64% | 4.63% | 5.65% | 6.33% | -3.08% | 7.84% | 5.25% | 5.60% | -0.15% | 1.94% |
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 6.66% | 15.80% | 14.87% | 11.46% | -6.14% | 1.55% | 7.44% | 18.34% | -4.27% | 13.05% |
Correlation
The correlation between EIRRX and EELDX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.18 |
The correlation between EIRRX and EELDX shifts across timeframes, from -0.03 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
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
EIRRX vs. EELDX — Risk / Return Rank
EIRRX
EELDX
EIRRX vs. EELDX - 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 Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX). 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.
| EIRRX | EELDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 2.49 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 5.22 | -0.74 |
| Martin ratioReturn relative to average drawdown | 18.95 | 21.28 | -2.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EIRRX | EELDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 5.55 | -2.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 1.76 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.38 | 1.69 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 1.39 | -0.26 |
Drawdowns
EIRRX vs. EELDX - Drawdown Comparison
The maximum EIRRX drawdown since its inception was -10.27%, smaller than the maximum EELDX drawdown of -19.12%. Use the drawdown chart below to compare losses from any high point for EIRRX and EELDX.
Loading charts...
Drawdown Indicators
| EIRRX | EELDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.27% | -19.12% | +8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -3.68% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -1.67% | -3.98% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -6.22% | -17.35% | +11.13% |
Max Drawdown (10Y)Largest decline over 10 years | -10.27% | -19.12% | +8.85% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -2.91% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.90% | -0.69% |
Volatility
EIRRX vs. EELDX - Volatility Comparison
The current volatility for Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) is 0.45%, while Eaton Vance Emerging Markets Debt Opportunities Fund (EELDX) has a volatility of 0.63%. This indicates that EIRRX experiences smaller price fluctuations and is considered to be less risky than EELDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EIRRX | EELDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.63% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 3.04% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 3.47% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 4.61% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.76% | 4.74% | -1.98% |
EIRRX vs. EELDX - Expense Ratio Comparison
EIRRX has a 0.64% expense ratio, which is lower than EELDX's 0.78% expense ratio.
Dividends
EIRRX vs. EELDX - Dividend Comparison
EIRRX's dividend yield for the trailing twelve months is around 4.07%, less than EELDX's 10.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EELDX Eaton Vance Emerging Markets Debt Opportunities Fund | 10.78% | 9.44% | 8.58% | 9.02% | 9.17% | 7.87% | 7.71% | 7.86% | 8.16% | 7.90% | 4.12% | 1.65% |
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund | 4.07% | 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 EELDX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EELDX has higher volatility (0.63%) compared to EIRRX (0.45%). In terms of maximum drawdown, EIRRX dropped -10.27% vs EELDX's -19.12%.
EELDX currently has the higher Sharpe Ratio (5.55 vs 2.57), 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 EIRRX and EELDX
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