ETGIX vs. EIGMX
ETGIX (Eaton Vance Greater India Fund) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - ETGIX is a India Equities fund managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, ETGIX returned 6.64%/yr vs 4.96%/yr for EIGMX. Their 0.19 correlation means their historical movements had little consistent relationship. ETGIX charges 1.57%/yr vs 0.76%/yr for EIGMX.
Performance
ETGIX vs. EIGMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETGIX achieves a -8.27% return, which is significantly lower than EIGMX's 5.42% return. Over the past 10 years, ETGIX has outperformed EIGMX with an annualized return of 6.64%, while EIGMX has yielded a comparatively lower 4.96% annualized return.
ETGIX
- 1D
- 0.42%
- 1M
- 1.36%
- 6M
- -3.15%
- YTD
- -8.27%
- 1Y
- -7.43%
- 3Y*
- 5.04%
- 5Y*
- 2.21%
- 10Y*
- 6.64%
- ALL TIME*
- 6.23%
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 |
ETGIX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -8.27% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
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 ETGIX and EIGMX is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.19 |
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
ETGIX vs. EIGMX — Risk / Return Rank
ETGIX
EIGMX
ETGIX vs. EIGMX - 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 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.
| ETGIX | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.72 | ||
| Sortino ratioReturn per unit of downside risk | -10.56 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 2.98 | -2.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 8.12 | -8.51 |
| Martin ratioReturn relative to average drawdown | -0.82 | 29.31 | -30.13 |
Loading charts...
Drawdowns
ETGIX vs. EIGMX - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.62%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for ETGIX and EIGMX.
Loading charts...
Drawdown Indicators
| ETGIX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -9.42% | -64.20% |
Max Drawdown (1Y)Largest decline over 1 year | -20.38% | -1.44% | -18.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -1.63% | -25.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -7.39% | -22.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -9.42% | -33.29% |
Current DrawdownCurrent decline from peak | -18.64% | 0.00% | -18.64% |
Average DrawdownAverage peak-to-trough decline | -26.83% | -0.91% | -25.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 0.40% | +9.13% |
Volatility
ETGIX vs. EIGMX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 4.69% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.50%. This indicates that ETGIX'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
| ETGIX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 0.50% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 1.58% | +10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.56% | 1.90% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 2.62% | +12.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 2.50% | +15.16% |
ETGIX vs. EIGMX - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Dividends
ETGIX vs. EIGMX - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 15.77%, more 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% |
ETGIX Eaton Vance Greater India Fund | 15.77% | 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 EIGMX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (4.69%) compared to EIGMX (0.50%). In terms of maximum drawdown, ETGIX dropped -73.62% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.18 vs -0.54), 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 ETGIX 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