ERASX vs. EIGMX
ERASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - ERASX is a Mid Cap Blend Equities fund actively managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, ERASX returned 11.20%/yr vs 4.96%/yr for EIGMX. Their 0.15 correlation means their historical movements had little consistent relationship. ERASX charges 0.81%/yr vs 0.76%/yr for EIGMX.
Performance
ERASX vs. EIGMX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ERASX having a 5.31% return and EIGMX slightly higher at 5.42%. Over the past 10 years, ERASX has outperformed EIGMX with an annualized return of 11.20%, while EIGMX has yielded a comparatively lower 4.96% annualized return.
ERASX
- 1D
- -1.06%
- 1M
- 3.34%
- 6M
- 3.97%
- YTD
- 5.31%
- 1Y
- 2.49%
- 3Y*
- 7.00%
- 5Y*
- 5.16%
- 10Y*
- 11.20%
- ALL TIME*
- 11.33%
EIGMX
- 1D
- 0.00%
- 1M
- 0.22%
- 6M
- 2.90%
- YTD
- 5.42%
- 1Y
- 11.54%
- 3Y*
- 9.03%
- 5Y*
- 6.45%
- 10Y*
- 4.96%
- ALL TIME*
- 4.24%
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. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 5.31% | -5.59% | 17.74% | 14.08% | -8.72% | 22.10% | 11.40% | 44.21% | -5.47% | 24.82% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 5.42% | 11.37% | 8.69% | 6.99% | -0.47% | 2.19% | 3.59% | 9.76% | -3.29% | 4.29% |
Correlation
The correlation between ERASX and EIGMX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERASX vs. EIGMX — Risk / Return Rank
ERASX
EIGMX
ERASX vs. EIGMX - 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 Eaton Vance Global Macro Absolute Return Fund (EIGMX). 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 | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.25 | ||
| Sortino ratioReturn per unit of downside risk | -9.85 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.98 | -1.98 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 8.12 | -8.21 |
| Martin ratioReturn relative to average drawdown | -0.19 | 29.31 | -29.50 |
Loading charts...
Drawdowns
ERASX vs. EIGMX - Drawdown Comparison
The maximum ERASX drawdown since its inception was -39.94%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for ERASX and EIGMX.
Loading charts...
Drawdown Indicators
| ERASX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -9.42% | -30.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -1.44% | -11.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -1.63% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.77% | -7.39% | -12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -39.94% | -9.42% | -30.52% |
Current DrawdownCurrent decline from peak | -6.30% | 0.00% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -0.91% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 0.40% | +5.98% |
Volatility
ERASX vs. EIGMX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund Class A (ERASX) has a higher volatility of 5.63% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.50%. This indicates that ERASX's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERASX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 0.50% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 1.58% | +10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 1.90% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 2.62% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 2.50% | +16.44% |
ERASX vs. EIGMX - Expense Ratio Comparison
ERASX has a 0.81% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Dividends
ERASX vs. EIGMX - Dividend Comparison
ERASX's dividend yield for the trailing twelve months is around 6.11%, less than EIGMX's 6.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.66% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
ERASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 6.11% | 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 EIGMX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERASX has higher volatility (5.63%) compared to EIGMX (0.50%). In terms of maximum drawdown, ERASX dropped -39.94% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.18 vs -0.07), 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.
Find the right allocation for ERASX and EIGMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer