FRSTX vs. ECSIX
FRSTX (Franklin Strategic Income Fund) and ECSIX (Eaton Vance Short Duration Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, FRSTX returned 2.65%/yr vs 3.96%/yr for ECSIX. At a 0.49 correlation, their price movements are largely independent. FRSTX charges 0.89%/yr vs 1.82%/yr for ECSIX.
Performance
FRSTX vs. ECSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRSTX achieves a 0.24% return, which is significantly lower than ECSIX's 1.76% return. Over the past 10 years, FRSTX has underperformed ECSIX with an annualized return of 2.65%, while ECSIX has yielded a comparatively higher 3.96% annualized return.
FRSTX
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 0.24%
- 6M
- 0.11%
- 1Y
- 5.40%
- 3Y*
- 4.76%
- 5Y*
- 1.46%
- 10Y*
- 2.65%
ECSIX
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.76%
- 6M
- 2.21%
- 1Y
- 9.05%
- 3Y*
- 7.54%
- 5Y*
- 4.07%
- 10Y*
- 3.96%
FRSTX vs. ECSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRSTX Franklin Strategic Income Fund | 0.24% | 5.97% | 3.28% | 8.44% | -10.72% | 2.13% | 3.49% | 8.17% | -1.87% | 4.50% |
ECSIX Eaton Vance Short Duration Strategic Income Fund | 1.76% | 10.19% | 5.71% | 7.31% | -3.31% | 0.69% | 6.60% | 5.76% | -3.37% | 4.04% |
Correlation
The correlation between FRSTX and ECSIX is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 26, 1994 | 0.49 |
Over the past year, FRSTX and ECSIX have become more correlated (0.77) than their long-term average of 0.49, meaning their price movements have been converging.
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
FRSTX vs. ECSIX — Risk / Return Rank
FRSTX
ECSIX
FRSTX vs. ECSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Strategic Income Fund (FRSTX) and Eaton Vance Short Duration Strategic Income Fund (ECSIX). 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.
| FRSTX | ECSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.70 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.74 | -1.90 |
| Martin ratioReturn relative to average drawdown | 5.59 | 13.36 | -7.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FRSTX | ECSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 3.21 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.28 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 1.25 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.47 | -0.09 |
Drawdowns
FRSTX vs. ECSIX - Drawdown Comparison
The maximum FRSTX drawdown since its inception was -19.09%, which is greater than ECSIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for FRSTX and ECSIX.
Loading charts...
Drawdown Indicators
| FRSTX | ECSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.09% | -12.95% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.43% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -2.64% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -14.83% | -7.19% | -7.64% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | -12.53% | -5.10% |
Current DrawdownCurrent decline from peak | -1.52% | -0.78% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -1.34% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.68% | +0.29% |
Volatility
FRSTX vs. ECSIX - Volatility Comparison
Franklin Strategic Income Fund (FRSTX) has a higher volatility of 1.31% compared to Eaton Vance Short Duration Strategic Income Fund (ECSIX) at 1.12%. This indicates that FRSTX's price experiences larger fluctuations and is considered to be riskier than ECSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRSTX | ECSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.12% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.20% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 2.83% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 3.21% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 3.18% | +0.96% |
FRSTX vs. ECSIX - Expense Ratio Comparison
FRSTX has a 0.89% expense ratio, which is lower than ECSIX's 1.82% expense ratio.
Dividends
FRSTX vs. ECSIX - Dividend Comparison
FRSTX's dividend yield for the trailing twelve months is around 3.96%, less than ECSIX's 6.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECSIX Eaton Vance Short Duration Strategic Income Fund | 6.33% | 5.07% | 6.21% | 6.18% | 4.78% | 3.54% | 3.47% | 3.53% | 3.19% | 2.96% | 3.20% | 3.54% |
FRSTX Franklin Strategic Income Fund | 3.96% | 3.36% | 4.74% | 4.56% | 4.36% | 3.62% | 3.93% | 4.47% | 4.32% | 2.25% | 2.48% | 4.81% |
Frequently Asked Questions
FRSTX and ECSIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRSTX has higher volatility (1.31%) compared to ECSIX (1.12%). In terms of maximum drawdown, FRSTX dropped -19.09% vs ECSIX's -12.95%.
ECSIX currently has the higher Sharpe Ratio (3.21 vs 1.43), 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 FRSTX and ECSIX
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