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 6.98%/yr vs 4.98%/yr for EIGMX. At a 0.19 correlation, their price movements are largely independent. 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 -8.85% 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 6.98%, while EIGMX has yielded a comparatively lower 4.98% annualized return.
ETGIX
- 1D
- 0.61%
- 1M
- 3.76%
- 6M
- -8.04%
- YTD
- -8.85%
- 1Y
- -11.72%
- 3Y*
- 5.67%
- 5Y*
- 2.67%
- 10Y*
- 6.98%
EIGMX
- 1D
- 0.00%
- 1M
- 0.89%
- 6M
- 4.40%
- YTD
- 5.42%
- 1Y
- 11.80%
- 3Y*
- 9.30%
- 5Y*
- 6.49%
- 10Y*
- 4.98%
ETGIX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -8.85% | -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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | -7.23 | ||
| Sortino ratioReturn per unit of downside risk | -11.38 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 3.05 | -2.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 8.30 | -8.89 |
| Martin ratioReturn relative to average drawdown | -1.27 | 30.05 | -31.32 |
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 | -20.88% | -1.44% | -19.44% |
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 | -19.16% | 0.00% | -19.16% |
Average DrawdownAverage peak-to-trough decline | -26.84% | -0.92% | -25.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 0.40% | +9.34% |
Volatility
ETGIX vs. EIGMX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 4.49% 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 | 4.49% | 0.50% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 1.62% | +10.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 1.88% | +12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 2.61% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 2.50% | +15.14% |
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 15.87%, more than EIGMX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.63% | 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 | 15.87% | 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 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (4.49%) 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 (6.37 vs -0.86), 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