EVIFX vs. EISMX
EVIFX (Eaton Vance Balanced Fund) and EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) are both mutual funds - EVIFX is a Diversified Portfolio fund managed by Eaton Vance, while EISMX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 10 years, EVIFX returned 9.26%/yr vs 9.82%/yr for EISMX. Their correlation of 0.82 suggests significant overlap in exposure. EVIFX charges 0.97%/yr vs 0.88%/yr for EISMX.
Performance
EVIFX vs. EISMX - Performance Comparison
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Returns By Period
In the year-to-date period, EVIFX achieves a 3.94% return, which is significantly higher than EISMX's 1.28% return. Over the past 10 years, EVIFX has underperformed EISMX with an annualized return of 9.26%, while EISMX has yielded a comparatively higher 9.82% annualized return.
EVIFX
- 1D
- 0.16%
- 1M
- 1.26%
- 6M
- 2.70%
- YTD
- 3.94%
- 1Y
- 9.51%
- 3Y*
- 13.96%
- 5Y*
- 6.90%
- 10Y*
- 9.26%
EISMX
- 1D
- 0.54%
- 1M
- 3.21%
- 6M
- -3.59%
- YTD
- 1.28%
- 1Y
- -4.77%
- 3Y*
- 6.29%
- 5Y*
- 4.27%
- 10Y*
- 9.82%
EVIFX vs. EISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVIFX Eaton Vance Balanced Fund | 3.94% | 11.01% | 19.05% | 16.05% | -15.61% | 13.97% | 14.22% | 26.25% | -3.42% | 13.53% |
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 1.28% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
Correlation
The correlation between EVIFX and EISMX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2002 | 0.83 |
Over the past year, the correlation between EVIFX and EISMX has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
EVIFX vs. EISMX — Risk / Return Rank
EVIFX
EISMX
EVIFX vs. EISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Balanced Fund (EVIFX) 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.
| EVIFX | EISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -0.40 | +1.67 |
| Martin ratioReturn relative to average drawdown | 5.49 | -0.73 | +6.22 |
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Drawdowns
EVIFX vs. EISMX - Drawdown Comparison
The maximum EVIFX drawdown since its inception was -42.70%, smaller than the maximum EISMX drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for EVIFX and EISMX.
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Drawdown Indicators
| EVIFX | EISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -45.32% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -14.66% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.79% | -19.39% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -19.81% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -24.94% | -39.95% | +15.01% |
Current DrawdownCurrent decline from peak | -0.22% | -9.97% | +9.75% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -5.85% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 8.03% | -6.36% |
Volatility
EVIFX vs. EISMX - Volatility Comparison
The current volatility for Eaton Vance Balanced Fund (EVIFX) is 3.11%, while Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a volatility of 4.73%. This indicates that EVIFX 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
| EVIFX | EISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 4.73% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 11.68% | -4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 15.74% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.15% | 17.15% | -5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.66% | 18.81% | -7.15% |
EVIFX vs. EISMX - Expense Ratio Comparison
EVIFX has a 0.97% expense ratio, which is higher than EISMX's 0.88% expense ratio.
Dividends
EVIFX vs. EISMX - Dividend Comparison
EVIFX's dividend yield for the trailing twelve months is around 4.96%, less than EISMX's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.35% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
EVIFX Eaton Vance Balanced Fund | 4.96% | 5.13% | 5.48% | 2.01% | 5.77% | 8.22% | 2.71% | 5.84% | 6.50% | 4.68% | 1.84% | 6.07% |
Frequently Asked Questions
EVIFX and EISMX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (4.73%) compared to EVIFX (3.11%). In terms of maximum drawdown, EVIFX dropped -42.70% vs EISMX's -45.32%.
EVIFX currently has the higher Sharpe Ratio (1.05 vs -0.37), 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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