EVG vs. JMM
EVG (Eaton Vance Short Duration Diversified Income Fund) and JMM (Nuveen Multi-Market Income Fund) are both Multisector Bonds funds. Over the past 10 years, EVG returned 5.77%/yr vs 2.91%/yr for JMM. Their 0.18 correlation means their historical movements had little consistent relationship. EVG charges 0.02%/yr vs 0.04%/yr for JMM.
Performance
EVG vs. JMM - Performance Comparison
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Returns By Period
In the year-to-date period, EVG achieves a 0.98% return, which is significantly higher than JMM's -1.14% return. Over the past 10 years, EVG has outperformed JMM with an annualized return of 5.77%, while JMM has yielded a comparatively lower 2.91% annualized return.
EVG
- 1D
- 0.10%
- 1M
- -1.93%
- 6M
- -0.44%
- YTD
- 0.98%
- 1Y
- 3.00%
- 3Y*
- 10.64%
- 5Y*
- 4.69%
- 10Y*
- 5.77%
- ALL TIME*
- 4.84%
JMM
- 1D
- -0.52%
- 1M
- -1.04%
- 6M
- -3.99%
- YTD
- -1.14%
- 1Y
- -4.21%
- 3Y*
- 5.03%
- 5Y*
- 0.49%
- 10Y*
- 2.91%
- ALL TIME*
- 2.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $318.49K | $317.03K | $358.45K | |
| $40.44K | $35.48K | $52.62K |
EVG vs. JMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 0.98% | 8.43% | 14.80% | 11.90% | -14.12% | 17.10% | -1.68% | 16.48% | -7.59% | 10.82% |
JMM Nuveen Multi-Market Income Fund | -1.14% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
Correlation
The correlation between EVG and JMM is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.18 |
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Return for Risk
EVG vs. JMM — Risk / Return Rank
EVG
JMM
EVG vs. JMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Diversified Income Fund (EVG) and Nuveen Multi-Market Income Fund (JMM). 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 | JMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.96 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.36 | +0.96 |
| Martin ratioReturn relative to average drawdown | 1.72 | -0.66 | +2.38 |
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Drawdowns
EVG vs. JMM - Drawdown Comparison
The maximum EVG drawdown since its inception was -40.60%, smaller than the maximum JMM drawdown of -48.15%. Use the drawdown chart below to compare losses from any high point for EVG and JMM.
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Drawdown Indicators
| EVG | JMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -48.15% | +7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -8.28% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.24% | -9.92% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -24.19% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | -26.48% | -6.27% |
Current DrawdownCurrent decline from peak | -2.78% | -6.11% | +3.33% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -14.07% | +7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 4.52% | -2.77% |
Volatility
EVG vs. JMM - Volatility Comparison
The current volatility for Eaton Vance Short Duration Diversified Income Fund (EVG) is 1.73%, while Nuveen Multi-Market Income Fund (JMM) has a volatility of 2.51%. This indicates that EVG experiences smaller price fluctuations and is considered to be less risky than JMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVG | JMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 2.51% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 8.28% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 10.98% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 13.40% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 13.90% | -0.91% |
EVG vs. JMM - Expense Ratio Comparison
EVG has a 0.02% expense ratio, which is lower than JMM's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EVG vs. JMM - Dividend Comparison
EVG's dividend yield for the trailing twelve months is around 8.50%, more than JMM's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 8.50% | 8.15% | 8.69% | 9.18% | 12.40% | 8.75% | 6.67% | 6.96% | 6.63% | 6.68% | 7.79% | 8.05% |
JMM Nuveen Multi-Market Income Fund | 6.03% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
Frequently Asked Questions
EVG and JMM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (2.51%) compared to EVG (1.73%). In terms of maximum drawdown, EVG dropped -40.60% vs JMM's -48.15%.
EVG currently has the higher Sharpe Ratio (0.36 vs -0.27), 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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