EOI vs. ENHNX
EOI (Eaton Vance Enhanced Equity Income Fund) and ENHNX (Cullen Enhanced Equity Income Fund) are both Derivative Income funds. Over the past 10 years, EOI returned 12.42%/yr vs 7.09%/yr for ENHNX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. EOI charges 0.01%/yr vs 0.75%/yr for ENHNX.
Performance
EOI vs. ENHNX - Performance Comparison
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Returns By Period
In the year-to-date period, EOI achieves a 0.77% return, which is significantly lower than ENHNX's 12.04% return. Over the past 10 years, EOI has outperformed ENHNX with an annualized return of 12.42%, while ENHNX has yielded a comparatively lower 7.09% annualized return.
EOI
- 1D
- 0.66%
- 1M
- 0.77%
- 6M
- -1.84%
- YTD
- 0.77%
- 1Y
- 3.69%
- 3Y*
- 14.63%
- 5Y*
- 9.64%
- 10Y*
- 12.42%
- ALL TIME*
- 8.76%
ENHNX
- 1D
- -1.05%
- 1M
- 0.71%
- 6M
- 7.50%
- YTD
- 12.04%
- 1Y
- 17.04%
- 3Y*
- 8.14%
- 5Y*
- 5.42%
- 10Y*
- 7.09%
- ALL TIME*
- 7.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.29M | $1.21M | $1.34M |
EOI vs. ENHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOI Eaton Vance Enhanced Equity Income Fund | 0.77% | 7.21% | 35.73% | 20.67% | -19.78% | 32.93% | 9.59% | 31.97% | -4.26% | 26.31% |
ENHNX Cullen Enhanced Equity Income Fund | 12.04% | 6.20% | 6.89% | 0.99% | -1.98% | 21.67% | 1.52% | 18.16% | -5.10% | 10.69% |
Correlation
The correlation between EOI and ENHNX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.54 |
Over the past year, the correlation between EOI and ENHNX has dropped to 0.24 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
EOI vs. ENHNX — Risk / Return Rank
EOI
ENHNX
EOI vs. ENHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund (EOI) and Cullen Enhanced Equity Income Fund (ENHNX). 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.
| EOI | ENHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.23 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.27 | -2.11 |
| Martin ratioReturn relative to average drawdown | 0.52 | 6.04 | -5.52 |
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Drawdowns
EOI vs. ENHNX - Drawdown Comparison
The maximum EOI drawdown since its inception was -53.72%, which is greater than ENHNX's maximum drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for EOI and ENHNX.
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Drawdown Indicators
| EOI | ENHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.72% | -35.59% | -18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.52% | -6.34% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -23.15% | -13.60% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -18.30% | -8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -40.01% | -35.59% | -4.42% |
Current DrawdownCurrent decline from peak | -1.84% | -1.57% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -4.02% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.40% | +1.59% |
Volatility
EOI vs. ENHNX - Volatility Comparison
The current volatility for Eaton Vance Enhanced Equity Income Fund (EOI) is 3.95%, while Cullen Enhanced Equity Income Fund (ENHNX) has a volatility of 4.19%. This indicates that EOI experiences smaller price fluctuations and is considered to be less risky than ENHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOI | ENHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 4.19% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 7.88% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 10.54% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 12.87% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 15.46% | +4.45% |
EOI vs. ENHNX - Expense Ratio Comparison
EOI has a 0.01% expense ratio, which is lower than ENHNX's 0.75% expense ratio.
Dividends
EOI vs. ENHNX - Dividend Comparison
EOI's dividend yield for the trailing twelve months is around 8.12%, more than ENHNX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENHNX Cullen Enhanced Equity Income Fund | 5.69% | 4.38% | 5.99% | 6.22% | 3.82% | 7.77% | 5.86% | 5.69% | 6.45% | 6.82% | 7.67% | 0.00% |
EOI Eaton Vance Enhanced Equity Income Fund | 8.12% | 7.81% | 7.38% | 7.93% | 8.80% | 5.83% | 6.66% | 6.78% | 8.01% | 7.15% | 8.36% | 7.73% |
Frequently Asked Questions
EOI and ENHNX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENHNX has higher volatility (4.19%) compared to EOI (3.95%). In terms of maximum drawdown, EOI dropped -53.72% vs ENHNX's -35.59%.
ENHNX currently has the higher Sharpe Ratio (1.37 vs 0.15), 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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