ETSIX vs. ERC
ETSIX (Eaton Vance Strategic Income Fund Class I) is Multisector Bonds fund actively managed by Eaton Vance, while ERC (Allspring Multi-Sector Income Fund) is a stock. Over the past 10 years, ETSIX returned 4.78%/yr vs 6.20%/yr for ERC. At a 0.25 correlation, their price movements are largely independent.
Performance
ETSIX vs. ERC - Performance Comparison
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Returns By Period
In the year-to-date period, ETSIX achieves a 2.49% return, which is significantly higher than ERC's 1.36% return. Over the past 10 years, ETSIX has underperformed ERC with an annualized return of 4.78%, while ERC has yielded a comparatively higher 6.20% annualized return.
ETSIX
- 1D
- 0.29%
- 1M
- 1.01%
- YTD
- 2.49%
- 6M
- 2.98%
- 1Y
- 9.57%
- 3Y*
- 8.22%
- 5Y*
- 4.98%
- 10Y*
- 4.78%
ERC
- 1D
- -0.22%
- 1M
- 0.82%
- YTD
- 1.36%
- 6M
- 0.82%
- 1Y
- 5.98%
- 3Y*
- 9.41%
- 5Y*
- 2.19%
- 10Y*
- 6.20%
ETSIX vs. ERC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 2.49% | 10.88% | 6.38% | 8.24% | -2.55% | 1.33% | 7.52% | 6.58% | -2.68% | 4.90% |
ERC Allspring Multi-Sector Income Fund | 1.36% | 11.10% | 6.10% | 4.88% | -17.77% | 18.77% | 4.36% | 28.05% | -5.94% | 11.99% |
Correlation
The correlation between ETSIX and ERC is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2003 | 0.25 |
The correlation between ETSIX and ERC shifts across timeframes, from 0.25 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETSIX vs. ERC — Risk / Return Rank
ETSIX
ERC
ETSIX vs. ERC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Strategic Income Fund Class I (ETSIX) and Allspring Multi-Sector Income Fund (ERC). 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.
| ETSIX | ERC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.12 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 0.87 | +3.15 |
| Martin ratioReturn relative to average drawdown | 13.77 | 2.88 | +10.88 |
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Drawdowns
ETSIX vs. ERC - Drawdown Comparison
The maximum ETSIX drawdown since its inception was -12.63%, smaller than the maximum ERC drawdown of -47.41%. Use the drawdown chart below to compare losses from any high point for ETSIX and ERC.
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Drawdown Indicators
| ETSIX | ERC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -47.41% | +34.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -6.88% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -2.52% | -10.04% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -33.65% | +27.31% |
Max Drawdown (10Y)Largest decline over 10 years | -12.28% | -41.33% | +29.05% |
Current DrawdownCurrent decline from peak | -0.31% | -1.77% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -6.85% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 2.08% | -1.37% |
Volatility
ETSIX vs. ERC - Volatility Comparison
The current volatility for Eaton Vance Strategic Income Fund Class I (ETSIX) is 1.12%, while Allspring Multi-Sector Income Fund (ERC) has a volatility of 2.80%. This indicates that ETSIX experiences smaller price fluctuations and is considered to be less risky than ERC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSIX | ERC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 2.80% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 7.08% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 9.52% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 13.38% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 15.83% | -12.67% |
Dividends
ETSIX vs. ERC - Dividend Comparison
ETSIX's dividend yield for the trailing twelve months is around 7.08%, less than ERC's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERC Allspring Multi-Sector Income Fund | 9.66% | 9.35% | 8.65% | 8.44% | 10.70% | 8.51% | 9.51% | 9.35% | 11.56% | 9.66% | 8.80% | 13.67% |
ETSIX Eaton Vance Strategic Income Fund Class I | 7.08% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
Frequently Asked Questions
ETSIX and ERC have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERC has higher volatility (2.80%) compared to ETSIX (1.12%). In terms of maximum drawdown, ETSIX dropped -12.63% vs ERC's -47.41%.
ETSIX currently has the higher Sharpe Ratio (3.40 vs 0.63), 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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