EVCGX vs. EIGMX
EVCGX (Eaton Vance Greater China Growth Fund) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both mutual funds - EVCGX is a China Equities fund managed by Eaton Vance, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, EVCGX returned 4.38%/yr vs 4.96%/yr for EIGMX. Their 0.18 correlation means their historical movements had little consistent relationship. EVCGX charges 1.53%/yr vs 0.76%/yr for EIGMX.
Performance
EVCGX vs. EIGMX - Performance Comparison
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Returns By Period
In the year-to-date period, EVCGX achieves a -4.71% return, which is significantly lower than EIGMX's 5.42% return. Over the past 10 years, EVCGX has underperformed EIGMX with an annualized return of 4.38%, while EIGMX has yielded a comparatively higher 4.96% annualized return.
EVCGX
- 1D
- 0.95%
- 1M
- 6.98%
- 6M
- -7.45%
- YTD
- -4.71%
- 1Y
- 2.16%
- 3Y*
- 3.94%
- 5Y*
- -4.55%
- 10Y*
- 4.38%
- ALL TIME*
- 5.38%
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 |
EVCGX vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVCGX Eaton Vance Greater China Growth Fund | -4.71% | 26.06% | 9.30% | -17.33% | -22.53% | -9.61% | 25.22% | 23.32% | -9.90% | 49.26% |
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 EVCGX and EIGMX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
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 | 0.18 |
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Return for Risk
EVCGX vs. EIGMX — Risk / Return Rank
EVCGX
EIGMX
EVCGX vs. EIGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater China Growth Fund (EVCGX) 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.
| EVCGX | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.21 | ||
| Sortino ratioReturn per unit of downside risk | -9.77 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.98 | -1.97 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 8.12 | -8.16 |
| Martin ratioReturn relative to average drawdown | -0.06 | 29.31 | -29.37 |
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Drawdowns
EVCGX vs. EIGMX - Drawdown Comparison
The maximum EVCGX drawdown since its inception was -68.37%, which is greater than EIGMX's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for EVCGX and EIGMX.
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Drawdown Indicators
| EVCGX | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.37% | -9.42% | -58.95% |
Max Drawdown (1Y)Largest decline over 1 year | -19.19% | -1.44% | -17.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.40% | -1.63% | -23.77% |
Max Drawdown (5Y)Largest decline over 5 years | -49.77% | -7.39% | -42.38% |
Max Drawdown (10Y)Largest decline over 10 years | -56.84% | -9.42% | -47.42% |
Current DrawdownCurrent decline from peak | -33.31% | 0.00% | -33.31% |
Average DrawdownAverage peak-to-trough decline | -28.09% | -0.91% | -27.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.92% | 0.40% | +9.52% |
Volatility
EVCGX vs. EIGMX - Volatility Comparison
Eaton Vance Greater China Growth Fund (EVCGX) has a higher volatility of 6.08% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.50%. This indicates that EVCGX'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.
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Volatility by Period
| EVCGX | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 0.50% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 1.58% | +12.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 1.90% | +17.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.75% | 2.62% | +23.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 2.50% | +19.67% |
EVCGX vs. EIGMX - Expense Ratio Comparison
EVCGX has a 1.53% expense ratio, which is higher than EIGMX's 0.76% expense ratio.
Dividends
EVCGX vs. EIGMX - Dividend Comparison
EVCGX's dividend yield for the trailing twelve months is around 1.66%, less 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% |
EVCGX Eaton Vance Greater China Growth Fund | 1.66% | 1.58% | 2.15% | 8.47% | 6.09% | 5.43% | 9.85% | 3.19% | 9.89% | 11.34% | 0.94% | 6.33% |
Frequently Asked Questions
EVCGX and EIGMX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVCGX has higher volatility (6.08%) compared to EIGMX (0.50%). In terms of maximum drawdown, EVCGX dropped -68.37% vs EIGMX's -9.42%.
EIGMX currently has the higher Sharpe Ratio (6.18 vs -0.03), 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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