EVGOX vs. VFIJX
EVGOX (Eaton Vance Government Opportunities Fund) and VFIJX (Vanguard GNMA Fund Admiral Shares) are both Government Bonds funds. Over the past 10 years, EVGOX returned 1.44%/yr vs 1.26%/yr for VFIJX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. EVGOX charges 1.05%/yr vs 0.11%/yr for VFIJX.
Performance
EVGOX vs. VFIJX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVGOX achieves a -0.86% return, which is significantly lower than VFIJX's -0.04% return. Over the past 10 years, EVGOX has outperformed VFIJX with an annualized return of 1.44%, while VFIJX has yielded a comparatively lower 1.26% 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%
VFIJX
- 1D
- 0.11%
- 1M
- -1.06%
- 6M
- -0.35%
- YTD
- -0.04%
- 1Y
- 3.07%
- 3Y*
- 4.38%
- 5Y*
- 0.33%
- 10Y*
- 1.26%
- ALL TIME*
- 3.24%
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. VFIJX - 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% |
VFIJX Vanguard GNMA Fund Admiral Shares | -0.04% | 7.84% | 1.17% | 5.28% | -10.72% | -1.15% | 3.84% | 5.94% | 0.99% | 1.98% |
Correlation
The correlation between EVGOX and VFIJX 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. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.65 |
The correlation between EVGOX and VFIJX shifts across timeframes, from 0.65 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EVGOX vs. VFIJX — Risk / Return Rank
EVGOX
VFIJX
EVGOX vs. VFIJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Government Opportunities Fund (EVGOX) and Vanguard GNMA Fund Admiral Shares (VFIJX). 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 | VFIJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.14 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.14 | -0.60 |
| Martin ratioReturn relative to average drawdown | 1.34 | 2.99 | -1.65 |
Loading charts...
Drawdowns
EVGOX vs. VFIJX - Drawdown Comparison
The maximum EVGOX drawdown since its inception was -23.97%, which is greater than VFIJX's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for EVGOX and VFIJX.
Loading charts...
Drawdown Indicators
| EVGOX | VFIJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -16.06% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -2.71% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -6.01% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -11.06% | -15.67% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -16.06% | +4.62% |
Current DrawdownCurrent decline from peak | -2.80% | -2.20% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -1.74% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.03% | +0.30% |
Volatility
EVGOX vs. VFIJX - Volatility Comparison
Eaton Vance Government Opportunities Fund (EVGOX) has a higher volatility of 1.42% compared to Vanguard GNMA Fund Admiral Shares (VFIJX) at 1.09%. This indicates that EVGOX's price experiences larger fluctuations and is considered to be riskier than VFIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EVGOX | VFIJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.09% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.06% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 3.79% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 6.24% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 4.72% | -0.64% |
EVGOX vs. VFIJX - Expense Ratio Comparison
EVGOX has a 1.05% expense ratio, which is higher than VFIJX's 0.11% expense ratio.
Dividends
EVGOX vs. VFIJX - Dividend Comparison
EVGOX's dividend yield for the trailing twelve months is around 5.10%, more than VFIJX's 3.51% 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% |
VFIJX Vanguard GNMA Fund Admiral Shares | 3.51% | 3.72% | 3.67% | 3.34% | 2.45% | 0.73% | 1.98% | 2.86% | 3.00% | 2.73% | 3.11% | 2.94% |
Frequently Asked Questions
EVGOX and VFIJX 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.
EVGOX has higher volatility (1.42%) compared to VFIJX (1.09%). In terms of maximum drawdown, EVGOX dropped -23.97% vs VFIJX's -16.06%.
VFIJX currently has the higher Sharpe Ratio (0.81 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.
Find the right allocation for EVGOX and VFIJX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer