EVG vs. EIAMX
EVG (Eaton Vance Short Duration Diversified Income Fund) and EIAMX (Eaton Vance Multi-Asset Credit Fund) are both mutual funds - EVG is a Multisector Bonds fund managed by Eaton Vance, while EIAMX is a High Yield Bonds fund managed by Eaton Vance. Over the past 10 years, EVG returned 5.76%/yr vs 4.59%/yr for EIAMX. Their 0.29 correlation means their historical movements had little consistent relationship. EVG charges 0.02%/yr vs 0.71%/yr for EIAMX.
Performance
EVG vs. EIAMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EVG having a 1.55% return and EIAMX slightly lower at 1.48%. Over the past 10 years, EVG has outperformed EIAMX with an annualized return of 5.76%, while EIAMX has yielded a comparatively lower 4.59% annualized return.
EVG
- 1D
- 0.57%
- 1M
- -1.37%
- 6M
- 0.40%
- YTD
- 1.55%
- 1Y
- 3.59%
- 3Y*
- 11.04%
- 5Y*
- 4.25%
- 10Y*
- 5.76%
- ALL TIME*
- 4.86%
EIAMX
- 1D
- -0.10%
- 1M
- -0.51%
- 6M
- 1.03%
- YTD
- 1.48%
- 1Y
- 3.93%
- 3Y*
- 6.67%
- 5Y*
- 4.03%
- 10Y*
- 4.59%
- ALL TIME*
- 4.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $349.85K | $330.84K | $364.34K |
EVG vs. EIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 1.55% | 8.43% | 14.80% | 11.90% | -14.12% | 17.10% | -1.68% | 16.48% | -7.59% | 10.82% |
EIAMX Eaton Vance Multi-Asset Credit Fund | 1.48% | 6.31% | 8.22% | 9.93% | -6.18% | 4.57% | 1.89% | 11.67% | -2.45% | 11.61% |
Correlation
The correlation between EVG and EIAMX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.29 |
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Return for Risk
EVG vs. EIAMX — Risk / Return Rank
EVG
EIAMX
EVG vs. EIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Diversified Income Fund (EVG) and Eaton Vance Multi-Asset Credit Fund (EIAMX). 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.
| EVG | EIAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.49 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.52 | -1.80 |
| Martin ratioReturn relative to average drawdown | 2.05 | 11.24 | -9.19 |
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Drawdowns
EVG vs. EIAMX - Drawdown Comparison
The maximum EVG drawdown since its inception was -40.60%, smaller than the maximum EIAMX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for EVG and EIAMX.
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Drawdown Indicators
| EVG | EIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -43.35% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -1.52% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -8.24% | -2.95% | -5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -10.02% | -13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | -43.35% | +10.60% |
Current DrawdownCurrent decline from peak | -2.22% | -8.85% | +6.63% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -16.05% | +9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.34% | +1.42% |
Volatility
EVG vs. EIAMX - Volatility Comparison
Eaton Vance Short Duration Diversified Income Fund (EVG) has a higher volatility of 1.82% compared to Eaton Vance Multi-Asset Credit Fund (EIAMX) at 0.35%. This indicates that EVG's price experiences larger fluctuations and is considered to be riskier than EIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVG | EIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.35% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 1.78% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 2.40% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 3.20% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 22.46% | -9.46% |
EVG vs. EIAMX - Expense Ratio Comparison
EVG has a 0.02% expense ratio, which is lower than EIAMX's 0.71% expense ratio.
Dividends
EVG vs. EIAMX - Dividend Comparison
EVG's dividend yield for the trailing twelve months is around 8.46%, more than EIAMX's 6.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIAMX Eaton Vance Multi-Asset Credit Fund | 6.28% | 7.04% | 7.35% | 5.52% | 5.46% | 4.10% | 4.46% | 4.94% | 2.41% | 2.88% | 3.15% | 3.77% |
EVG Eaton Vance Short Duration Diversified Income Fund | 8.46% | 8.15% | 8.69% | 9.18% | 12.40% | 8.75% | 6.67% | 6.96% | 6.63% | 6.68% | 7.79% | 8.05% |
Frequently Asked Questions
EVG and EIAMX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVG has higher volatility (1.82%) compared to EIAMX (0.35%). In terms of maximum drawdown, EVG dropped -40.60% vs EIAMX's -43.35%.
EIAMX currently has the higher Sharpe Ratio (1.65 vs 0.43), 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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