ESHIX vs. EISMX
ESHIX (Eaton Vance Short Duration High Income Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - ESHIX is a High Yield Bonds fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, ESHIX returned 4.35%/yr vs 10.34%/yr for EISMX. Their 0.38 correlation means their historical movements had little consistent relationship. ESHIX charges 0.66%/yr vs 0.88%/yr for EISMX.
Performance
ESHIX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, ESHIX achieves a 1.84% return, which is significantly lower than EISMX's 5.24% return. Over the past 10 years, ESHIX has underperformed EISMX with an annualized return of 4.35%, while EISMX has yielded a comparatively higher 10.34% annualized return.
ESHIX
- 1D
- 0.11%
- 1M
- -0.34%
- 6M
- 1.37%
- YTD
- 1.84%
- 1Y
- 4.88%
- 3Y*
- 6.14%
- 5Y*
- 4.10%
- 10Y*
- 4.35%
- ALL TIME*
- 4.08%
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 |
ESHIX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESHIX Eaton Vance Short Duration High Income Fund | 1.84% | 6.94% | 7.25% | 6.74% | -3.08% | 4.92% | 3.04% | 8.83% | -0.40% | 4.73% |
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 ESHIX and EISMX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.38 |
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Return for Risk
ESHIX vs. EISMX — Risk / Return Rank
ESHIX
EISMX
ESHIX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration High Income Fund (ESHIX) 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.
| ESHIX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.00 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.10 | +3.50 |
| Martin ratioReturn relative to average drawdown | 18.33 | -0.20 | +18.53 |
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Drawdowns
ESHIX vs. EISMX - Drawdown Comparison
The maximum ESHIX drawdown since its inception was -15.73%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for ESHIX and EISMX.
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Drawdown Indicators
| ESHIX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.73% | -45.32% | +29.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -12.69% | +11.13% |
Max Drawdown (3Y)Largest decline over 3 years | -2.13% | -19.39% | +17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -6.49% | -19.81% | +13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -15.73% | -39.95% | +24.22% |
Current DrawdownCurrent decline from peak | -0.45% | -6.45% | +6.00% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -5.86% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 6.40% | -6.11% |
Volatility
ESHIX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Short Duration High Income Fund (ESHIX) is 0.41%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 5.63%. This indicates that ESHIX 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
| ESHIX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 5.63% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 12.13% | -10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 16.19% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 17.21% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 18.87% | -15.29% |
ESHIX vs. EISMX - Expense Ratio Comparison
ESHIX has a 0.66% expense ratio, which is lower than EISMX's 0.88% expense ratio.
Dividends
ESHIX vs. EISMX - Dividend Comparison
ESHIX's dividend yield for the trailing twelve months is around 5.46%, less 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% |
ESHIX Eaton Vance Short Duration High Income Fund | 5.46% | 6.11% | 6.64% | 4.65% | 5.07% | 4.06% | 4.83% | 4.71% | 4.99% | 4.84% | 4.30% | 4.33% |
Frequently Asked Questions
ESHIX and EISMX have a correlation of 0.34, 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 ESHIX (0.41%). In terms of maximum drawdown, ESHIX dropped -15.73% vs EISMX's -45.32%.
ESHIX currently has the higher Sharpe Ratio (2.17 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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