EOS vs. ADX
EOS (Eaton Vance Enhanced Equity Income Fund II) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - EOS is a Derivative Income fund actively managed by Eaton Vance, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Both are actively managed. Over the past 10 years, EOS returned 12.92%/yr vs 18.30%/yr for ADX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. EOS charges 1.09%/yr vs 0.59%/yr for ADX.
Performance
EOS vs. ADX - Performance Comparison
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Returns By Period
In the year-to-date period, EOS achieves a -4.66% return, which is significantly lower than ADX's 16.11% return. Over the past 10 years, EOS has underperformed ADX with an annualized return of 12.92%, while ADX has yielded a comparatively higher 18.30% annualized return.
EOS
- 1D
- 1.09%
- 1M
- -2.87%
- 6M
- -1.06%
- YTD
- -4.66%
- 1Y
- -2.93%
- 3Y*
- 13.63%
- 5Y*
- 6.34%
- 10Y*
- 12.92%
- ALL TIME*
- 9.30%
ADX
- 1D
- 1.27%
- 1M
- 1.69%
- 6M
- 14.25%
- YTD
- 16.11%
- 1Y
- 30.61%
- 3Y*
- 26.36%
- 5Y*
- 17.06%
- 10Y*
- 18.30%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.83M | $7.82M | $6.92M | |
| $3.40M | $2.60M | $2.73M |
EOS vs. ADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOS Eaton Vance Enhanced Equity Income Fund II | -4.66% | 5.77% | 38.69% | 22.59% | -26.50% | 20.30% | 29.45% | 30.32% | 2.77% | 27.89% |
ADX Adams Diversified Equity Fund, Inc. | 16.11% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
Correlation
The correlation between EOS and ADX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2005 | 0.69 |
The correlation between EOS and ADX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
EOS vs. ADX — Risk / Return Rank
EOS
ADX
EOS vs. ADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Enhanced Equity Income Fund II (EOS) and Adams Diversified Equity Fund, Inc. (ADX). 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.
| EOS | ADX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.76 | -3.02 |
| Martin ratioReturn relative to average drawdown | -0.80 | 13.65 | -14.45 |
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Drawdowns
EOS vs. ADX - Drawdown Comparison
The maximum EOS drawdown since its inception was -55.74%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for EOS and ADX.
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Drawdown Indicators
| EOS | ADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -71.60% | +15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.12% | -10.16% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -24.31% | -18.29% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -25.07% | -9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -37.17% | -3.95% |
Current DrawdownCurrent decline from peak | -6.85% | -1.32% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -22.06% | +14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 2.05% | +3.61% |
Volatility
EOS vs. ADX - Volatility Comparison
The current volatility for Eaton Vance Enhanced Equity Income Fund II (EOS) is 4.32%, while Adams Diversified Equity Fund, Inc. (ADX) has a volatility of 4.93%. This indicates that EOS experiences smaller price fluctuations and is considered to be less risky than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOS | ADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.93% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 11.88% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 14.86% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.82% | 17.49% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.77% | 18.07% | +2.70% |
EOS vs. ADX - Expense Ratio Comparison
EOS has a 1.09% expense ratio, which is higher than ADX's 0.59% expense ratio.
Dividends
EOS vs. ADX - Dividend Comparison
EOS's dividend yield for the trailing twelve months is around 8.59%, more than ADX's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.48% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
EOS Eaton Vance Enhanced Equity Income Fund II | 8.59% | 7.81% | 7.17% | 7.38% | 9.69% | 5.60% | 5.01% | 6.65% | 7.16% | 6.90% | 8.20% | 7.70% |
Frequently Asked Questions
EOS and ADX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADX has higher volatility (4.93%) compared to EOS (4.32%). In terms of maximum drawdown, EOS dropped -55.74% vs ADX's -71.60%.
ADX currently has the higher Sharpe Ratio (1.89 vs -0.29), 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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