ERBIX vs. EISMX
ERBIX (Eaton Vance Richard Bernstein Equity Strategy Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - ERBIX is a Global Equities fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, ERBIX returned 11.83%/yr vs 10.34%/yr for EISMX. Their correlation of 0.81 means they have usually moved in the same direction. ERBIX charges 0.93%/yr vs 0.88%/yr for EISMX.
Performance
ERBIX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, ERBIX achieves a 8.92% return, which is significantly higher than EISMX's 5.24% return. Over the past 10 years, ERBIX has outperformed EISMX with an annualized return of 11.83%, while EISMX has yielded a comparatively lower 10.34% annualized return.
ERBIX
- 1D
- 2.49%
- 1M
- -1.49%
- 6M
- 5.49%
- YTD
- 8.92%
- 1Y
- 20.65%
- 3Y*
- 14.36%
- 5Y*
- 8.68%
- 10Y*
- 11.83%
- ALL TIME*
- 11.19%
EISMX
- 1D
- -1.07%
- 1M
- 3.30%
- 6M
- 3.91%
- YTD
- 5.24%
- 1Y
- 2.39%
- 3Y*
- 6.91%
- 5Y*
- 5.08%
- 10Y*
- 10.34%
- ALL TIME*
- 10.64%
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 |
ERBIX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 8.92% | 18.35% | 15.00% | 14.63% | -14.75% | 17.75% | 16.49% | 36.69% | -11.86% | 20.94% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 5.24% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between ERBIX and EISMX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.81 |
Over the past year, the correlation between ERBIX and EISMX has dropped to 0.45 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
ERBIX vs. EISMX — Risk / Return Rank
ERBIX
EISMX
ERBIX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX). 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.
| ERBIX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.00 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.10 | +1.93 |
| Martin ratioReturn relative to average drawdown | 7.88 | -0.20 | +8.08 |
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Drawdowns
ERBIX vs. EISMX - Drawdown Comparison
The maximum ERBIX drawdown since its inception was -29.18%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for ERBIX and EISMX.
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Drawdown Indicators
| ERBIX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.18% | -45.32% | +16.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -12.69% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -19.39% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -19.81% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -39.95% | +10.77% |
Current DrawdownCurrent decline from peak | -2.61% | -6.45% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -5.86% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 6.40% | -3.98% |
Volatility
ERBIX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Richard Bernstein Equity Strategy Fund (ERBIX) is 4.69%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 5.63%. This indicates that ERBIX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERBIX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.63% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 12.13% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 16.19% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 17.21% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 18.87% | -2.51% |
ERBIX vs. EISMX - Expense Ratio Comparison
ERBIX has a 0.93% expense ratio, which is higher than EISMX's 0.88% expense ratio.
Dividends
ERBIX vs. EISMX - Dividend Comparison
ERBIX's dividend yield for the trailing twelve months is around 16.66%, more than EISMX's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.11% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
ERBIX Eaton Vance Richard Bernstein Equity Strategy Fund | 16.66% | 18.14% | 4.12% | 8.82% | 5.97% | 13.08% | 2.63% | 16.82% | 5.93% | 5.78% | 3.59% | 2.32% |
Frequently Asked Questions
ERBIX and EISMX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (5.63%) compared to ERBIX (4.69%). In terms of maximum drawdown, ERBIX dropped -29.18% vs EISMX's -45.32%.
ERBIX currently has the higher Sharpe Ratio (1.34 vs -0.08), 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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