ERASX vs. CRMAX
ERASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and CRMAX (CRM Small/Mid Cap Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, ERASX returned 11.19%/yr vs 11.28%/yr for CRMAX. Their correlation of 0.88 means they have usually moved in the same direction. ERASX charges 0.81%/yr vs 1.19%/yr for CRMAX.
Performance
ERASX vs. CRMAX - Performance Comparison
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Returns By Period
In the year-to-date period, ERASX achieves a 4.61% return, which is significantly lower than CRMAX's 20.58% return. Both investments have delivered pretty close results over the past 10 years, with ERASX having a 11.19% annualized return and CRMAX not far ahead at 11.28%.
ERASX
- 1D
- -0.66%
- 1M
- 2.66%
- 6M
- 3.04%
- YTD
- 4.61%
- 1Y
- 1.81%
- 3Y*
- 6.75%
- 5Y*
- 5.02%
- 10Y*
- 11.19%
- ALL TIME*
- 11.27%
CRMAX
- 1D
- 0.16%
- 1M
- -2.64%
- 6M
- 13.47%
- YTD
- 20.58%
- 1Y
- 34.59%
- 3Y*
- 13.69%
- 5Y*
- 8.33%
- 10Y*
- 11.28%
- ALL TIME*
- 9.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ERASX vs. CRMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 4.61% | -5.59% | 17.74% | 14.08% | -8.72% | 22.10% | 11.40% | 44.21% | -5.47% | 24.82% |
CRMAX CRM Small/Mid Cap Value Fund | 20.58% | 3.89% | 16.52% | 8.77% | -10.82% | 26.46% | 13.02% | 25.69% | -7.84% | 13.97% |
Correlation
The correlation between ERASX and CRMAX is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.88 |
Over the past year, the correlation between ERASX and CRMAX has dropped to 0.68 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
ERASX vs. CRMAX — Risk / Return Rank
ERASX
CRMAX
ERASX vs. CRMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX) and CRM Small/Mid Cap Value Fund (CRMAX). 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.
| ERASX | CRMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.52 | -2.49 |
| Martin ratioReturn relative to average drawdown | 0.06 | 8.34 | -8.28 |
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Drawdowns
ERASX vs. CRMAX - Drawdown Comparison
The maximum ERASX drawdown since its inception was -39.94%, smaller than the maximum CRMAX drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for ERASX and CRMAX.
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Drawdown Indicators
| ERASX | CRMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -49.36% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -12.79% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -27.73% | +8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.77% | -27.73% | +7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -39.94% | -41.56% | +1.62% |
Current DrawdownCurrent decline from peak | -6.93% | -5.71% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -7.90% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 3.86% | +2.30% |
Volatility
ERASX vs. CRMAX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX) has a higher volatility of 5.69% compared to CRM Small/Mid Cap Value Fund (CRMAX) at 4.58%. This indicates that ERASX's price experiences larger fluctuations and is considered to be riskier than CRMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERASX | CRMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 4.58% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 15.66% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 20.50% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 20.19% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 20.76% | -1.81% |
ERASX vs. CRMAX - Expense Ratio Comparison
ERASX has a 0.81% expense ratio, which is lower than CRMAX's 1.19% expense ratio.
Dividends
ERASX vs. CRMAX - Dividend Comparison
ERASX's dividend yield for the trailing twelve months is around 6.15%, more than CRMAX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRMAX CRM Small/Mid Cap Value Fund | 4.34% | 5.23% | 15.07% | 0.64% | 6.41% | 35.31% | 5.86% | 2.68% | 18.13% | 29.30% | 2.13% | 12.11% |
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 6.15% | 6.44% | 7.29% | 2.82% | 10.26% | 10.40% | 9.73% | 13.15% | 7.16% | 3.29% | 3.57% | 6.68% |
Frequently Asked Questions
ERASX and CRMAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERASX has higher volatility (5.69%) compared to CRMAX (4.58%). In terms of maximum drawdown, ERASX dropped -39.94% vs CRMAX's -49.36%.
CRMAX currently has the higher Sharpe Ratio (1.57 vs 0.02), 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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