EVGOX vs. PDMIX
EVGOX (Eaton Vance Government Opportunities Fund) and PDMIX (PIMCO GNMA and Government Securities Fund) are both Government Bonds funds. Over the past 10 years, EVGOX returned 1.44%/yr vs 1.36%/yr for PDMIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. EVGOX charges 1.05%/yr vs 0.50%/yr for PDMIX.
Performance
EVGOX vs. PDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, EVGOX achieves a -0.86% return, which is significantly lower than PDMIX's -0.13% return. Over the past 10 years, EVGOX has outperformed PDMIX with an annualized return of 1.44%, while PDMIX has yielded a comparatively lower 1.36% annualized return.
EVGOX
- 1D
- 0.19%
- 1M
- -1.51%
- 6M
- -1.14%
- YTD
- -0.86%
- 1Y
- 1.59%
- 3Y*
- 4.42%
- 5Y*
- 1.19%
- 10Y*
- 1.44%
- ALL TIME*
- 3.91%
PDMIX
- 1D
- 0.32%
- 1M
- -1.59%
- 6M
- -0.59%
- YTD
- -0.13%
- 1Y
- 2.79%
- 3Y*
- 4.61%
- 5Y*
- -0.08%
- 10Y*
- 1.36%
- ALL TIME*
- 4.11%
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. PDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | -0.86% | 10.50% | 0.07% | 4.56% | -6.57% | -1.20% | 4.59% | 2.43% | 0.72% | 1.30% |
PDMIX PIMCO GNMA and Government Securities Fund | -0.13% | 8.43% | 1.59% | 6.03% | -13.96% | -0.65% | 5.78% | 6.57% | 0.83% | 2.06% |
Correlation
The correlation between EVGOX and PDMIX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 1997 | 0.63 |
Over the past year, EVGOX and PDMIX have become more correlated (0.84) than their long-term average of 0.63, meaning their price movements have been converging.
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Return for Risk
EVGOX vs. PDMIX — Risk / Return Rank
EVGOX
PDMIX
EVGOX vs. PDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and PIMCO GNMA and Government Securities Fund (PDMIX). 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 | PDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.12 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.90 | -0.37 |
| Martin ratioReturn relative to average drawdown | 1.34 | 2.47 | -1.13 |
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Drawdowns
EVGOX vs. PDMIX - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -23.97%, which is greater than PDMIX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for EVGOX and PDMIX.
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Drawdown Indicators
| EVGOX | PDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -18.64% | -5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.24% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -6.21% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -11.06% | -18.59% | +7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -18.64% | +7.20% |
Current DrawdownCurrent decline from peak | -2.80% | -2.67% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -1.75% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.18% | +0.15% |
Volatility
EVGOX vs. PDMIX - Volatility Comparison
Eaton Vance Government Opportunities Fund (EVGOX) and PIMCO GNMA and Government Securities Fund (PDMIX) have volatilities of 1.42% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVGOX | PDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.43% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.65% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 4.34% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 6.72% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 5.10% | -1.02% |
EVGOX vs. PDMIX - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than PDMIX's 0.50% expense ratio.
Dividends
EVGOX vs. PDMIX - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.10%, more than PDMIX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 5.10% | 5.38% | 5.24% | 4.58% | 2.75% | 1.77% | 2.19% | 3.24% | 3.34% | 3.54% | 3.30% | 3.81% |
PDMIX PIMCO GNMA and Government Securities Fund | 4.01% | 4.29% | 4.66% | 3.76% | 3.84% | 2.03% | 2.40% | 3.41% | 3.10% | 2.96% | 2.93% | 2.14% |
Frequently Asked Questions
EVGOX and PDMIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDMIX has higher volatility (1.43%) compared to EVGOX (1.42%). In terms of maximum drawdown, EVGOX dropped -23.97% vs PDMIX's -18.64%.
PDMIX currently has the higher Sharpe Ratio (0.68 vs 0.39), 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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