ETGIX vs. EGRIX
ETGIX (Eaton Vance Greater India Fund) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both mutual funds - ETGIX is a Asia Pacific Equities fund managed by Eaton Vance, while EGRIX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, ETGIX returned 7.68%/yr vs 6.59%/yr for EGRIX. At a 0.24 correlation, their price movements are largely independent. ETGIX charges 1.57%/yr vs 1.05%/yr for EGRIX.
Performance
ETGIX vs. EGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, ETGIX achieves a -9.52% return, which is significantly lower than EGRIX's 7.87% return. Over the past 10 years, ETGIX has outperformed EGRIX with an annualized return of 7.68%, while EGRIX has yielded a comparatively lower 6.59% annualized return.
ETGIX
- 1D
- 0.52%
- 1M
- 2.92%
- YTD
- -9.52%
- 6M
- -10.18%
- 1Y
- -10.98%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 7.68%
EGRIX
- 1D
- 0.08%
- 1M
- 1.78%
- YTD
- 7.87%
- 6M
- 8.65%
- 1Y
- 20.31%
- 3Y*
- 13.21%
- 5Y*
- 8.89%
- 10Y*
- 6.59%
ETGIX vs. EGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -9.52% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 7.87% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 14.80% | -8.34% | 5.78% |
Correlation
The correlation between ETGIX and EGRIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2010 | 0.24 |
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Return for Risk
ETGIX vs. EGRIX — Risk / Return Rank
ETGIX
EGRIX
ETGIX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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.
| ETGIX | EGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.52 | ||
| Sortino ratioReturn per unit of downside risk | -9.25 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 2.57 | -1.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 6.09 | -6.58 |
| Martin ratioReturn relative to average drawdown | -1.05 | 22.04 | -23.09 |
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Drawdowns
ETGIX vs. EGRIX - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.62%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for ETGIX and EGRIX.
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Drawdown Indicators
| ETGIX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -14.17% | -59.45% |
Max Drawdown (1Y)Largest decline over 1 year | -22.03% | -3.37% | -18.66% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -3.37% | -23.85% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -10.18% | -19.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -14.17% | -28.54% |
Current DrawdownCurrent decline from peak | -19.76% | 0.00% | -19.76% |
Average DrawdownAverage peak-to-trough decline | -26.85% | -1.83% | -25.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 0.93% | +9.29% |
Volatility
ETGIX vs. EGRIX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 3.51% compared to Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) at 0.72%. This indicates that ETGIX's price experiences larger fluctuations and is considered to be riskier than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETGIX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 0.72% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 3.20% | +9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 3.57% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 4.04% | +11.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 3.96% | +13.69% |
ETGIX vs. EGRIX - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than EGRIX's 1.05% expense ratio.
Dividends
ETGIX vs. EGRIX - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 15.99%, more than EGRIX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.17% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
ETGIX Eaton Vance Greater India Fund | 15.99% | 14.47% | 4.07% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.17% | 3.32% | 0.56% | 0.79% |
Frequently Asked Questions
ETGIX and EGRIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (3.51%) compared to EGRIX (0.72%). In terms of maximum drawdown, ETGIX dropped -73.62% vs EGRIX's -14.17%.
EGRIX currently has the higher Sharpe Ratio (5.75 vs -0.76), 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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