EVGOX vs. EISMX
EVGOX (Eaton Vance Government Opportunities Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EVGOX is a Government Bonds fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EVGOX returned 1.61%/yr vs 10.01%/yr for EISMX. At a correlation of -0.12, they often move in opposite directions. EVGOX charges 1.05%/yr vs 0.88%/yr for EISMX.
Performance
EVGOX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, EVGOX achieves a 0.39% return, which is significantly higher than EISMX's -2.06% return. Over the past 10 years, EVGOX has underperformed EISMX with an annualized return of 1.61%, while EISMX has yielded a comparatively higher 10.01% annualized return.
EVGOX
- 1D
- 0.57%
- 1M
- 0.85%
- YTD
- 0.39%
- 6M
- 0.85%
- 1Y
- 4.79%
- 3Y*
- 4.79%
- 5Y*
- 1.41%
- 10Y*
- 1.61%
EISMX
- 1D
- 1.60%
- 1M
- 0.73%
- YTD
- -2.06%
- 6M
- -3.58%
- 1Y
- -4.95%
- 3Y*
- 7.10%
- 5Y*
- 3.68%
- 10Y*
- 10.01%
EVGOX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 0.39% | 10.50% | 0.07% | 4.56% | -6.57% | -1.20% | 4.59% | 2.43% | 0.72% | 1.30% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | -2.06% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between EVGOX and EISMX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2002 | -0.12 |
The correlation between EVGOX and EISMX shifts across timeframes, from -0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EVGOX vs. EISMX — Risk / Return Rank
EVGOX
EISMX
EVGOX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX). 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.
| EVGOX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.96 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.37 | +1.88 |
| Martin ratioReturn relative to average drawdown | 4.33 | -0.69 | +5.02 |
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Drawdowns
EVGOX vs. EISMX - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -23.97%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EVGOX and EISMX.
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Drawdown Indicators
| EVGOX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -45.32% | +21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -14.66% | +11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -19.39% | +12.65% |
Max Drawdown (5Y)Largest decline over 5 years | -11.06% | -19.81% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -39.95% | +28.51% |
Current DrawdownCurrent decline from peak | -1.57% | -12.94% | +11.37% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -5.84% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 7.87% | -6.72% |
Volatility
EVGOX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Government Opportunities Fund (EVGOX) is 1.64%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 4.49%. This indicates that EVGOX experiences smaller price fluctuations and is considered to be less risky than EISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVGOX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 4.49% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 11.61% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 15.58% | -10.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 17.15% | -11.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 18.84% | -14.78% |
EVGOX vs. EISMX - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than EISMX's 0.88% expense ratio.
Dividends
EVGOX vs. EISMX - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.48%, less than EISMX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.56% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
EVGOX Eaton Vance Government Opportunities Fund | 5.48% | 5.38% | 5.24% | 4.58% | 2.75% | 1.77% | 2.19% | 3.24% | 3.34% | 3.54% | 3.30% | 3.81% |
Frequently Asked Questions
EVGOX and EISMX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (4.49%) compared to EVGOX (1.64%). In terms of maximum drawdown, EVGOX dropped -23.97% vs EISMX's -45.32%.
EVGOX currently has the higher Sharpe Ratio (1.06 vs -0.35), 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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