EVGOX vs. FCBFX
EVGOX (Eaton Vance Government Opportunities Fund) and FCBFX (Fidelity Corporate Bond Fund) are both mutual funds - EVGOX is a Government Bonds fund managed by Eaton Vance, while FCBFX is a Corporate Bonds fund managed by Fidelity. Over the past 10 years, EVGOX returned 1.44%/yr vs 2.33%/yr for FCBFX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. EVGOX charges 1.05%/yr vs 0.44%/yr for FCBFX.
Performance
EVGOX vs. FCBFX - Performance Comparison
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Returns By Period
In the year-to-date period, EVGOX achieves a -0.67% return, which is significantly higher than FCBFX's -0.99% return. Over the past 10 years, EVGOX has underperformed FCBFX with an annualized return of 1.44%, while FCBFX has yielded a comparatively higher 2.33% annualized return.
EVGOX
- 1D
- 0.19%
- 1M
- -1.32%
- 6M
- -0.95%
- YTD
- -0.67%
- 1Y
- 1.97%
- 3Y*
- 4.43%
- 5Y*
- 1.27%
- 10Y*
- 1.44%
- ALL TIME*
- 3.91%
FCBFX
- 1D
- 0.19%
- 1M
- -1.69%
- 6M
- -1.24%
- YTD
- -0.99%
- 1Y
- 1.61%
- 3Y*
- 4.72%
- 5Y*
- -0.46%
- 10Y*
- 2.33%
- ALL TIME*
- 3.79%
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 |
EVGOX vs. FCBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | -0.67% | 10.50% | 0.07% | 4.56% | -6.57% | -1.20% | 4.59% | 2.43% | 0.72% | 1.30% |
FCBFX Fidelity Corporate Bond Fund | -0.99% | 7.86% | 2.82% | 8.82% | -17.11% | -1.59% | 10.59% | 14.48% | -2.56% | 6.83% |
Correlation
The correlation between EVGOX and FCBFX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | 0.56 |
Over the past year, EVGOX and FCBFX have become more correlated (0.79) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
EVGOX vs. FCBFX — Risk / Return Rank
EVGOX
FCBFX
EVGOX vs. FCBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and Fidelity Corporate Bond Fund (FCBFX). 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 | FCBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.80 | +0.35 |
| Martin ratioReturn relative to average drawdown | 2.92 | 2.23 | +0.69 |
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Drawdowns
EVGOX vs. FCBFX - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -23.97%, roughly equal to the maximum FCBFX drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for EVGOX and FCBFX.
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Drawdown Indicators
| EVGOX | FCBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -23.23% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.31% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -5.62% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.06% | -23.21% | +12.15% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -23.23% | +11.79% |
Current DrawdownCurrent decline from peak | -2.61% | -2.55% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.95% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.19% | +0.11% |
Volatility
EVGOX vs. FCBFX - Volatility Comparison
Eaton Vance Government Opportunities Fund (EVGOX) has a higher volatility of 1.42% compared to Fidelity Corporate Bond Fund (FCBFX) at 1.10%. This indicates that EVGOX's price experiences larger fluctuations and is considered to be riskier than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVGOX | FCBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.10% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.31% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 4.20% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 6.69% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 5.96% | -1.88% |
EVGOX vs. FCBFX - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than FCBFX's 0.44% expense ratio.
Dividends
EVGOX vs. FCBFX - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.09%, more than FCBFX's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 5.09% | 5.38% | 5.24% | 4.58% | 2.75% | 1.77% | 2.19% | 3.24% | 3.34% | 3.54% | 3.30% | 3.81% |
FCBFX Fidelity Corporate Bond Fund | 3.98% | 4.11% | 3.95% | 3.74% | 2.53% | 2.82% | 3.19% | 3.28% | 3.65% | 3.16% | 3.55% | 3.01% |
Frequently Asked Questions
EVGOX and FCBFX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVGOX has higher volatility (1.42%) compared to FCBFX (1.10%). In terms of maximum drawdown, EVGOX dropped -23.97% vs FCBFX's -23.23%.
EVGOX currently has the higher Sharpe Ratio (0.80 vs 0.63), 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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