EIRRX vs. VTIP
Compare and contrast key facts about Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
EIRRX is managed by Eaton Vance. It was launched on Mar 31, 2010. VTIP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. It was launched on Oct 12, 2012.
Performance
EIRRX vs. VTIP - Performance Comparison
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EIRRX vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund | 0.35% | 4.63% | 5.65% | 6.33% | -3.08% | 7.84% | 5.25% | 5.60% | -0.15% | 1.94% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 0.87% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Returns By Period
In the year-to-date period, EIRRX achieves a 0.35% return, which is significantly lower than VTIP's 0.87% return. Over the past 10 years, EIRRX has outperformed VTIP with an annualized return of 3.75%, while VTIP has yielded a comparatively lower 3.05% annualized return.
EIRRX
- 1D
- 0.25%
- 1M
- -0.05%
- YTD
- 0.35%
- 6M
- 0.35%
- 1Y
- 3.23%
- 3Y*
- 4.71%
- 5Y*
- 3.84%
- 10Y*
- 3.75%
VTIP
- 1D
- -0.11%
- 1M
- 0.03%
- YTD
- 0.87%
- 6M
- 1.15%
- 1Y
- 3.80%
- 3Y*
- 4.62%
- 5Y*
- 3.46%
- 10Y*
- 3.05%
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EIRRX vs. VTIP - Expense Ratio Comparison
EIRRX has a 0.64% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Return for Risk
EIRRX vs. VTIP — Risk / Return Rank
EIRRX
VTIP
EIRRX vs. VTIP - 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 Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 2.01 | -0.30 |
Sortino ratioReturn per unit of downside risk | 2.44 | 3.03 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.90 | -1.77 |
Martin ratioReturn relative to average drawdown | 9.49 | 12.53 | -3.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EIRRX | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.01 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 1.25 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.36 | 1.12 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.87 | +0.23 |
Correlation
The correlation between EIRRX and VTIP is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EIRRX vs. VTIP - Dividend Comparison
EIRRX's dividend yield for the trailing twelve months is around 4.12%, more than VTIP's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund | 4.12% | 3.57% | 4.08% | 4.50% | 5.07% | 3.54% | 2.21% | 2.66% | 2.91% | 2.13% | 2.24% | 2.05% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.63% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Drawdowns
EIRRX vs. VTIP - Drawdown Comparison
The maximum EIRRX drawdown since its inception was -10.27%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for EIRRX and VTIP.
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Drawdown Indicators
| EIRRX | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.27% | -6.27% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -0.98% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -6.22% | -5.50% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -10.27% | -6.27% | -4.00% |
Current DrawdownCurrent decline from peak | -0.54% | -0.37% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -1.05% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.30% | -0.03% |
Volatility
EIRRX vs. VTIP - Volatility Comparison
Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX) has a higher volatility of 0.69% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.62%. This indicates that EIRRX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIRRX | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.62% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 0.98% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 1.90% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 2.78% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.76% | 2.74% | +0.02% |