Correlation
The correlation between EVGOX and TRBUX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
EVGOX vs. TRBUX
Compare and contrast key facts about Eaton Vance Government Opportunities Fund (EVGOX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
EVGOX is managed by Eaton Vance. It was launched on Aug 23, 1984. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVGOX or TRBUX.
Performance
EVGOX vs. TRBUX - Performance Comparison
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Key characteristics
EVGOX:
1.34
TRBUX:
3.36
EVGOX:
1.98
TRBUX:
9.07
EVGOX:
1.25
TRBUX:
3.87
EVGOX:
1.23
TRBUX:
14.62
EVGOX:
3.29
TRBUX:
50.30
EVGOX:
2.67%
TRBUX:
0.12%
EVGOX:
6.59%
TRBUX:
1.65%
EVGOX:
-17.65%
TRBUX:
-4.15%
EVGOX:
-1.96%
TRBUX:
0.00%
Returns By Period
In the year-to-date period, EVGOX achieves a 3.99% return, which is significantly higher than TRBUX's 1.60% return. Over the past 10 years, EVGOX has underperformed TRBUX with an annualized return of 1.10%, while TRBUX has yielded a comparatively higher 2.72% annualized return.
EVGOX
3.99%
-1.49%
2.71%
7.84%
1.73%
0.56%
1.10%
TRBUX
1.60%
0.20%
2.03%
5.29%
4.98%
3.37%
2.72%
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EVGOX vs. TRBUX - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
EVGOX vs. TRBUX — Risk-Adjusted Performance Rank
EVGOX
TRBUX
EVGOX vs. TRBUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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.
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Dividends
EVGOX vs. TRBUX - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.11%, more than TRBUX's 4.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 5.11% | 5.76% | 5.55% | 2.75% | 1.78% | 2.19% | 3.26% | 3.35% | 3.53% | 3.30% | 3.81% | 4.16% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 4.55% | 5.06% | 4.02% | 2.28% | 1.53% | 1.95% | 2.72% | 2.62% | 1.88% | 1.20% | 0.80% | 0.48% |
Drawdowns
EVGOX vs. TRBUX - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -17.65%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for EVGOX and TRBUX.
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Volatility
EVGOX vs. TRBUX - Volatility Comparison
Eaton Vance Government Opportunities Fund (EVGOX) has a higher volatility of 1.46% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.29%. This indicates that EVGOX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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