IOBZX vs. ECSIX
IOBZX (ICON FlexibleBondFund) and ECSIX (Eaton Vance Short Duration Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, IOBZX returned 4.12%/yr vs 3.96%/yr for ECSIX. At a 0.29 correlation, their price movements are largely independent. IOBZX charges 0.76%/yr vs 1.82%/yr for ECSIX.
Performance
IOBZX vs. ECSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IOBZX achieves a 1.24% return, which is significantly lower than ECSIX's 1.76% return. Both investments have delivered pretty close results over the past 10 years, with IOBZX having a 4.12% annualized return and ECSIX not far behind at 3.96%.
IOBZX
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 1.24%
- 6M
- 1.55%
- 1Y
- 5.37%
- 3Y*
- 6.50%
- 5Y*
- 3.74%
- 10Y*
- 4.12%
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%
IOBZX vs. ECSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOBZX ICON FlexibleBondFund | 1.24% | 5.67% | 8.33% | 8.28% | -5.63% | 4.17% | 4.61% | 8.16% | 0.87% | 4.25% |
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 IOBZX and ECSIX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2004 | 0.29 |
Over the past year, IOBZX and ECSIX have become more correlated (0.54) than their long-term average of 0.29, 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
IOBZX vs. ECSIX — Risk / Return Rank
IOBZX
ECSIX
IOBZX vs. ECSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON FlexibleBondFund (IOBZX) 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.
| IOBZX | ECSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.70 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.74 | -1.07 |
| Martin ratioReturn relative to average drawdown | 12.08 | 13.36 | -1.28 |
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
| IOBZX | ECSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 3.21 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 1.28 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 1.25 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 1.47 | -0.35 |
Drawdowns
IOBZX vs. ECSIX - Drawdown Comparison
The maximum IOBZX drawdown since its inception was -15.53%, which is greater than ECSIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for IOBZX and ECSIX.
Loading charts...
Drawdown Indicators
| IOBZX | ECSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.53% | -12.95% | -2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -2.43% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -2.97% | -2.64% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -8.48% | -7.19% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -15.53% | -12.53% | -3.00% |
Current DrawdownCurrent decline from peak | 0.00% | -0.78% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -1.34% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.68% | -0.22% |
Volatility
IOBZX vs. ECSIX - Volatility Comparison
The current volatility for ICON FlexibleBondFund (IOBZX) is 0.64%, while Eaton Vance Short Duration Strategic Income Fund (ECSIX) has a volatility of 1.12%. This indicates that IOBZX experiences smaller price fluctuations and is considered to be less risky than ECSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IOBZX | ECSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.12% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 2.20% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 2.83% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.82% | 3.21% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 3.18% | +0.52% |
IOBZX vs. ECSIX - Expense Ratio Comparison
IOBZX has a 0.76% expense ratio, which is lower than ECSIX's 1.82% expense ratio.
Dividends
IOBZX vs. ECSIX - Dividend Comparison
IOBZX's dividend yield for the trailing twelve months is around 6.12%, 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% |
IOBZX ICON FlexibleBondFund | 6.12% | 6.74% | 6.71% | 5.65% | 5.22% | 4.90% | 4.03% | 4.67% | 4.18% | 4.07% | 3.58% | 4.00% |
Frequently Asked Questions
IOBZX and ECSIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECSIX has higher volatility (1.12%) compared to IOBZX (0.64%). In terms of maximum drawdown, IOBZX dropped -15.53% vs ECSIX's -12.95%.
ECSIX currently has the higher Sharpe Ratio (3.21 vs 2.77), 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 IOBZX 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