EOI vs. USG

Last updated Aug 1, 2026

EOI (Eaton Vance Enhanced Equity Income Fund) and USG (USCF Gold Strategy Plus Income Fund) are both mutual funds - EOI is a Derivative Income fund managed by Eaton Vance, while USG is a Gold fund actively managed by USCF. Over the past 3 years, EOI returned 14.63%/yr vs 23.22%/yr for USG. Their 0.06 correlation means their historical movements had little consistent relationship. EOI charges 0.01%/yr vs 0.45%/yr for USG.

Performance

EOI vs. USG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Enhanced Equity Income Fund (EOI) and USCF Gold Strategy Plus Income Fund (USG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EOI achieves a 0.77% return, which is significantly higher than USG's -6.39% 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%

USG

• 1D: -1.62%
• 1M: -1.67%
• 6M: -14.31%
• YTD: -6.39%
• 1Y: 15.26%
• 3Y*: 23.22%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EOI Eaton Vance Enhanced Equity Income Fund	$1.29M	$1.21M	$1.34M
USG USCF Gold Strategy Plus Income Fund	$532.47K	$283.71K	$178.98K

EOI vs. USG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EOI Eaton Vance Enhanced Equity Income Fund	0.77%	7.21%	35.73%	20.67%	-19.78%	4.20%
USG USCF Gold Strategy Plus Income Fund	-6.39%	52.02%	23.70%	8.49%	2.12%	3.50%

Correlation

The correlation between EOI and USG is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.14
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.06

Over the past year, EOI and USG have become more correlated (0.28) than their long-term average of 0.06, meaning their price movements have been converging.

Return for Risk

EOI vs. USG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EOI

EOI Risk / Return Rank: 7
EOI Sharpe Ratio Rank: 7
EOI Sortino Ratio Rank: 7
EOI Omega Ratio Rank: 7
EOI Calmar Ratio Rank: 7
EOI Martin Ratio Rank: 7

USG

USG Risk / Return Rank: 18
USG Sharpe Ratio Rank: 20
USG Sortino Ratio Rank: 19
USG Omega Ratio Rank: 24
USG Calmar Ratio Rank: 15
USG Martin Ratio Rank: 12

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EOI vs. USG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund (EOI) and USCF Gold Strategy Plus Income Fund (USG). 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	USG	Difference
Sharpe ratio: Return per unit of total volatility	0.15	0.72	-0.57
Sortino ratio: Return per unit of downside risk	0.31	1.06	-0.75
Omega ratio: Gain probability vs. loss probability	1.04	1.16	-0.12
Calmar ratio: Return relative to maximum drawdown	0.17	0.72	-0.55
Martin ratio: Return relative to average drawdown	0.52	1.61	-1.09

EOI vs. USG - Sharpe Ratio Comparison

The current EOI Sharpe Ratio is 0.15, which is lower than the USG Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of EOI and USG, 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

EOI vs. USG - Drawdown Comparison

The maximum EOI drawdown since its inception was -53.72%, which is greater than USG's maximum drawdown of -24.86%. Use the drawdown chart below to compare losses from any high point for EOI and USG.

Drawdown Indicators

	EOI	USG	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-24.86%	-28.86%
Max Drawdown (1Y) Largest decline over 1 year	-12.52%	-24.86%	+12.34%
Max Drawdown (3Y) Largest decline over 3 years	-23.15%	-24.86%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.01%	—	—
Current Drawdown Current decline from peak	-1.84%	-23.51%	+21.67%
Average Drawdown Average peak-to-trough decline	-7.36%	-4.94%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	11.10%	-7.11%

Volatility

EOI vs. USG - Volatility Comparison

The current volatility for Eaton Vance Enhanced Equity Income Fund (EOI) is 3.95%, while USCF Gold Strategy Plus Income Fund (USG) has a volatility of 6.20%. This indicates that EOI experiences smaller price fluctuations and is considered to be less risky than USG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EOI	USG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	6.20%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	21.85%	-10.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	24.85%	-11.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	16.24%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	16.24%	+3.67%

EOI vs. USG - Expense Ratio Comparison

EOI has a 0.01% expense ratio, which is lower than USG's 0.45% expense ratio.

Dividends

EOI vs. USG - Dividend Comparison

EOI's dividend yield for the trailing twelve months is around 8.12%, less than USG's 29.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
USG USCF Gold Strategy Plus Income Fund	29.77%	27.33%	7.48%	8.16%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EOI and USG in my portfolio?

EOI and USG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EOI or USG?

USG has higher volatility (6.20%) compared to EOI (3.95%). In terms of maximum drawdown, EOI dropped -53.72% vs USG's -24.86%.

Which has better risk-adjusted returns?

USG currently has the higher Sharpe Ratio (0.72 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.