EITGX vs. VFAIX

Last updated Jul 2, 2026

EITGX (Eaton Vance Tax Managed Growth 1.2 Fund) and VFAIX (Vanguard Financials Index Fund Admiral Shares) are both mutual funds - EITGX is a Large Cap Growth Equities fund managed by BlackRock, while VFAIX is a Financials Equities fund tracking the MSCI US Investable Market Financials 25/50 Index. Over the past 10 years, EITGX returned 14.95%/yr vs 13.21%/yr for VFAIX. Their correlation of 0.81 suggests significant overlap in exposure. EITGX charges 0.63%/yr vs 0.09%/yr for VFAIX.

Performance

EITGX vs. VFAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Growth 1.2 Fund (EITGX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EITGX achieves a 7.83% return, which is significantly higher than VFAIX's -0.46% return. Over the past 10 years, EITGX has outperformed VFAIX with an annualized return of 14.95%, while VFAIX has yielded a comparatively lower 13.21% annualized return.

EITGX

• 1D: 0.84%
• 1M: -1.11%
• YTD: 7.83%
• 6M: 7.83%
• 1Y: 17.89%
• 3Y*: 19.77%
• 5Y*: 11.89%
• 10Y*: 14.95%

VFAIX

• 1D: -0.14%
• 1M: 4.91%
• YTD: -0.46%
• 6M: -0.46%
• 1Y: 4.56%
• 3Y*: 19.67%
• 5Y*: 9.99%
• 10Y*: 13.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EITGX vs. VFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EITGX Eaton Vance Tax Managed Growth 1.2 Fund	7.83%	16.79%	25.27%	28.37%	-20.01%	24.78%	23.13%	29.50%	-5.19%	22.44%
VFAIX Vanguard Financials Index Fund Admiral Shares	-0.46%	14.90%	30.46%	14.07%	-12.26%	36.27%	-2.15%	31.63%	-13.47%	20.05%

Correlation

The correlation between EITGX and VFAIX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.81

Over the past year, the correlation between EITGX and VFAIX has dropped to 0.57 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

EITGX vs. VFAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EITGX

EITGX Risk / Return Rank: 34
EITGX Sharpe Ratio Rank: 34
EITGX Sortino Ratio Rank: 33
EITGX Omega Ratio Rank: 33
EITGX Calmar Ratio Rank: 29
EITGX Martin Ratio Rank: 40

VFAIX

VFAIX Risk / Return Rank: 6
VFAIX Sharpe Ratio Rank: 6
VFAIX Sortino Ratio Rank: 6
VFAIX Omega Ratio Rank: 6
VFAIX Calmar Ratio Rank: 6
VFAIX Martin Ratio Rank: 6

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.

EITGX vs. VFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.2 Fund (EITGX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). 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.

	EITGX	VFAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.35	+1.02
Sortino ratio: Return per unit of downside risk	1.96	0.58	+1.38
Omega ratio: Gain probability vs. loss probability	1.25	1.07	+0.18
Calmar ratio: Return relative to maximum drawdown	1.68	0.36	+1.32
Martin ratio: Return relative to average drawdown	7.32	0.92	+6.40

EITGX vs. VFAIX - Sharpe Ratio Comparison

The current EITGX Sharpe Ratio is 1.37, which is higher than the VFAIX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of EITGX and VFAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EITGX vs. VFAIX - Drawdown Comparison

The maximum EITGX drawdown since its inception was -51.96%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for EITGX and VFAIX.

Drawdown Indicators

	EITGX	VFAIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.96%	-78.64%	+26.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-14.72%	+4.19%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	-17.31%	-1.65%
Max Drawdown (5Y) Largest decline over 5 years	-25.96%	-25.71%	-0.25%
Max Drawdown (10Y) Largest decline over 10 years	-32.97%	-44.37%	+11.40%
Current Drawdown Current decline from peak	-1.11%	-3.49%	+2.38%
Average Drawdown Average peak-to-trough decline	-8.11%	-18.56%	+10.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	5.69%	-3.28%

Volatility

EITGX vs. VFAIX - Volatility Comparison

Eaton Vance Tax Managed Growth 1.2 Fund (EITGX) has a higher volatility of 5.22% compared to Vanguard Financials Index Fund Admiral Shares (VFAIX) at 4.12%. This indicates that EITGX's price experiences larger fluctuations and is considered to be riskier than VFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EITGX	VFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	4.12%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	11.32%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	14.79%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	19.28%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	22.52%	-4.19%

EITGX vs. VFAIX - Expense Ratio Comparison

EITGX has a 0.63% expense ratio, which is higher than VFAIX's 0.09% expense ratio.

Dividends

EITGX vs. VFAIX - Dividend Comparison

EITGX's dividend yield for the trailing twelve months is around 2.18%, more than VFAIX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EITGX Eaton Vance Tax Managed Growth 1.2 Fund	2.18%	2.35%	1.74%	0.67%	0.74%	0.39%	0.69%	0.92%	1.04%	0.97%	1.14%	1.18%
VFAIX Vanguard Financials Index Fund Admiral Shares	1.77%	1.56%	1.75%	2.08%	2.31%	2.62%	2.21%	2.17%	2.30%	1.54%	1.64%	2.00%

Frequently Asked Questions

Can I hold both EITGX and VFAIX in my portfolio?

EITGX and VFAIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EITGX or VFAIX?

EITGX has higher volatility (5.22%) compared to VFAIX (4.12%). In terms of maximum drawdown, EITGX dropped -51.96% vs VFAIX's -78.64%.

Which has better risk-adjusted returns?

EITGX currently has the higher Sharpe Ratio (1.37 vs 0.35), 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.