Correlation
The correlation between EVIFX and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
EVIFX vs. SPY
Compare and contrast key facts about Eaton Vance Balanced Fund (EVIFX) and SPDR S&P 500 ETF (SPY).
EVIFX is managed by Eaton Vance. It was launched on Apr 1, 1932. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVIFX or SPY.
Performance
EVIFX vs. SPY - Performance Comparison
Loading data...
Key characteristics
EVIFX:
0.96
SPY:
0.70
EVIFX:
1.29
SPY:
1.02
EVIFX:
1.18
SPY:
1.15
EVIFX:
0.96
SPY:
0.68
EVIFX:
3.68
SPY:
2.57
EVIFX:
3.06%
SPY:
4.93%
EVIFX:
12.73%
SPY:
20.42%
EVIFX:
-42.69%
SPY:
-55.19%
EVIFX:
-1.56%
SPY:
-3.55%
Returns By Period
In the year-to-date period, EVIFX achieves a 1.61% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, EVIFX has underperformed SPY with an annualized return of 8.02%, while SPY has yielded a comparatively higher 12.73% annualized return.
EVIFX
1.61%
3.38%
-0.13%
11.56%
10.38%
9.51%
8.02%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EVIFX vs. SPY - Expense Ratio Comparison
EVIFX has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EVIFX vs. SPY — Risk-Adjusted Performance Rank
EVIFX
SPY
EVIFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Balanced Fund (EVIFX) and SPDR S&P 500 ETF (SPY). 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.
Loading data...
Dividends
EVIFX vs. SPY - Dividend Comparison
EVIFX's dividend yield for the trailing twelve months is around 5.73%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIFX Eaton Vance Balanced Fund | 5.73% | 5.80% | 2.00% | 5.78% | 8.23% | 2.71% | 3.80% | 6.52% | 4.68% | 1.84% | 6.08% | 9.39% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EVIFX vs. SPY - Drawdown Comparison
The maximum EVIFX drawdown since its inception was -42.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EVIFX and SPY.
Loading data...
Volatility
EVIFX vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Balanced Fund (EVIFX) is 2.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that EVIFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...