EVG vs. ODIDX
EVG (Eaton Vance Short Duration Diversified Income Fund) and ODIDX (Oaktree Diversified Income Fund Inc. Class D) are both Multisector Bonds funds. Over the past 3 years, EVG returned 11.04%/yr vs 9.12%/yr for ODIDX. Their 0.27 correlation means their historical movements had little consistent relationship. EVG charges 0.02%/yr vs 2.10%/yr for ODIDX.
Performance
EVG vs. ODIDX - Performance Comparison
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Returns By Period
In the year-to-date period, EVG achieves a 1.55% return, which is significantly lower than ODIDX's 2.47% 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%
ODIDX
- 1D
- -0.11%
- 1M
- 0.23%
- 6M
- 1.90%
- YTD
- 2.47%
- 1Y
- 5.35%
- 3Y*
- 9.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $349.85K | $330.84K | $364.34K | |
| $0.00 | $0.00 | $0.00 |
EVG vs. ODIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 1.55% | 8.43% | 14.80% | 11.90% | -14.12% | -0.30% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 2.47% | 7.94% | 11.99% | 11.91% | -13.02% | -0.37% |
Correlation
The correlation between EVG and ODIDX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.27 |
The correlation between EVG and ODIDX shifts across timeframes, from 0.19 (3 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EVG vs. ODIDX — Risk / Return Rank
EVG
ODIDX
EVG vs. ODIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Diversified Income Fund (EVG) and Oaktree Diversified Income Fund Inc. Class D (ODIDX). 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 | ODIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -5.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.98 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 4.98 | -4.26 |
| Martin ratioReturn relative to average drawdown | 2.05 | 20.96 | -18.92 |
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Drawdowns
EVG vs. ODIDX - Drawdown Comparison
The maximum EVG drawdown since its inception was -40.60%, which is greater than ODIDX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for EVG and ODIDX.
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Drawdown Indicators
| EVG | ODIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -13.71% | -26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -1.10% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -8.24% | -2.29% | -5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | — | — |
Current DrawdownCurrent decline from peak | -2.22% | -0.11% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -3.67% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.26% | +1.50% |
Volatility
EVG vs. ODIDX - Volatility Comparison
Eaton Vance Short Duration Diversified Income Fund (EVG) has a higher volatility of 1.82% compared to Oaktree Diversified Income Fund Inc. Class D (ODIDX) at 0.30%. This indicates that EVG's price experiences larger fluctuations and is considered to be riskier than ODIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVG | ODIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.30% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 1.19% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 1.47% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 3.18% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 3.18% | +9.82% |
EVG vs. ODIDX - Expense Ratio Comparison
EVG has a 0.02% expense ratio, which is lower than ODIDX's 2.10% expense ratio.
Dividends
EVG vs. ODIDX - Dividend Comparison
EVG's dividend yield for the trailing twelve months is around 8.46%, less than ODIDX's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVG and ODIDX have a correlation of 0.29, 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 ODIDX (0.30%). In terms of maximum drawdown, EVG dropped -40.60% vs ODIDX's -13.71%.
ODIDX currently has the higher Sharpe Ratio (3.73 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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