EVIFX vs. SPY
Compare and contrast key facts about Eaton Vance Balanced Fund (EVIFX) and State Street 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.
Performance
EVIFX vs. SPY - Performance Comparison
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EVIFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVIFX Eaton Vance Balanced Fund | -5.99% | 11.01% | 19.05% | 16.05% | -15.61% | 13.97% | 14.22% | 26.25% | -3.42% | 13.53% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, EVIFX achieves a -5.99% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, EVIFX has underperformed SPY with an annualized return of 8.45%, while SPY has yielded a comparatively higher 13.98% annualized return.
EVIFX
- 1D
- 0.09%
- 1M
- -5.91%
- YTD
- -5.99%
- 6M
- -4.49%
- 1Y
- 6.82%
- 3Y*
- 11.30%
- 5Y*
- 6.38%
- 10Y*
- 8.45%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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EVIFX vs. SPY - Expense Ratio Comparison
EVIFX has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
EVIFX vs. SPY — Risk / Return Rank
EVIFX
SPY
EVIFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Balanced Fund (EVIFX) and State Street 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.
| EVIFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.93 | -0.29 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.45 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.53 | -0.75 |
Martin ratioReturn relative to average drawdown | 3.17 | 7.30 | -4.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVIFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.93 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.69 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.78 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.56 | -0.08 |
Correlation
The correlation between EVIFX and SPY is 0.85, 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.
Dividends
EVIFX vs. SPY - Dividend Comparison
EVIFX's dividend yield for the trailing twelve months is around 5.46%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIFX Eaton Vance Balanced Fund | 5.46% | 5.13% | 5.48% | 2.01% | 5.77% | 8.22% | 2.71% | 5.84% | 6.50% | 4.68% | 1.84% | 6.07% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
EVIFX vs. SPY - Drawdown Comparison
The maximum EVIFX drawdown since its inception was -42.70%, 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.
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Drawdown Indicators
| EVIFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -55.19% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -12.05% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -24.50% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -24.94% | -33.72% | +8.78% |
Current DrawdownCurrent decline from peak | -7.18% | -6.24% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -9.09% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.52% | -0.63% |
Volatility
EVIFX vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Balanced Fund (EVIFX) is 3.31%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| EVIFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 5.31% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 9.47% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 19.05% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 17.06% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.59% | 17.92% | -6.33% |