ORDNX vs. EADOX
ORDNX (North Square Preferred and Income Securities Fund) and EADOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class A) are both mutual funds - ORDNX is a Large Cap Blend Equities fund managed by North Square, while EADOX is a Emerging Markets Bonds fund managed by Eaton Vance. Over the past 10 years, ORDNX returned 11.70%/yr vs 7.79%/yr for EADOX. At a 0.37 correlation, their price movements are largely independent. ORDNX charges 1.27%/yr vs 1.11%/yr for EADOX.
Performance
ORDNX vs. EADOX - Performance Comparison
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Returns By Period
In the year-to-date period, ORDNX achieves a 1.33% return, which is significantly lower than EADOX's 6.50% return. Over the past 10 years, ORDNX has outperformed EADOX with an annualized return of 11.70%, while EADOX has yielded a comparatively lower 7.79% annualized return.
ORDNX
- 1D
- -0.09%
- 1M
- 0.48%
- YTD
- 1.33%
- 6M
- 1.59%
- 1Y
- 6.25%
- 3Y*
- 11.67%
- 5Y*
- 6.76%
- 10Y*
- 11.70%
EADOX
- 1D
- -0.12%
- 1M
- 0.64%
- YTD
- 6.50%
- 6M
- 7.83%
- 1Y
- 18.45%
- 3Y*
- 15.27%
- 5Y*
- 8.04%
- 10Y*
- 7.79%
ORDNX vs. EADOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ORDNX North Square Preferred and Income Securities Fund | 1.33% | 7.30% | 14.81% | 15.24% | -14.22% | 27.51% | 12.29% | 31.10% | -0.98% | 20.57% |
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A | 6.50% | 16.93% | 14.52% | 11.13% | -6.42% | 1.24% | 7.12% | 17.85% | -4.44% | 12.58% |
Correlation
The correlation between ORDNX and EADOX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.37 |
The correlation between ORDNX and EADOX shifts across timeframes, from 0.36 (10 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ORDNX vs. EADOX — Risk / Return Rank
ORDNX
EADOX
ORDNX vs. EADOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square Preferred and Income Securities Fund (ORDNX) and Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX). 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.
| ORDNX | EADOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 2.61 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 5.17 | -2.75 |
| Martin ratioReturn relative to average drawdown | 10.00 | 21.00 | -11.00 |
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
| ORDNX | EADOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 5.54 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.77 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 1.66 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.71 | -0.97 |
Drawdowns
ORDNX vs. EADOX - Drawdown Comparison
The maximum ORDNX drawdown since its inception was -34.40%, which is greater than EADOX's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for ORDNX and EADOX.
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Drawdown Indicators
| ORDNX | EADOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -19.15% | -15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.61% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -5.70% | -3.61% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.77% | -17.56% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -34.40% | -19.15% | -15.25% |
Current DrawdownCurrent decline from peak | -0.14% | -0.12% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -2.53% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.89% | -0.25% |
Volatility
ORDNX vs. EADOX - Volatility Comparison
North Square Preferred and Income Securities Fund (ORDNX) has a higher volatility of 0.78% compared to Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) at 0.66%. This indicates that ORDNX's price experiences larger fluctuations and is considered to be riskier than EADOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORDNX | EADOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.66% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.99% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 3.37% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 4.57% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 4.71% | +9.46% |
ORDNX vs. EADOX - Expense Ratio Comparison
ORDNX has a 1.27% expense ratio, which is higher than EADOX's 1.11% expense ratio.
Dividends
ORDNX vs. EADOX - Dividend Comparison
ORDNX's dividend yield for the trailing twelve months is around 6.62%, less than EADOX's 10.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A | 10.46% | 10.51% | 8.27% | 8.73% | 8.87% | 7.56% | 7.42% | 7.57% | 7.83% | 7.61% | 4.04% | 0.00% |
ORDNX North Square Preferred and Income Securities Fund | 6.62% | 6.99% | 5.50% | 5.72% | 15.30% | 8.48% | 2.77% | 1.85% | 3.13% | 1.22% | 2.65% | 2.98% |
Frequently Asked Questions
ORDNX and EADOX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORDNX has higher volatility (0.78%) compared to EADOX (0.66%). In terms of maximum drawdown, ORDNX dropped -34.40% vs EADOX's -19.15%.
EADOX currently has the higher Sharpe Ratio (5.54 vs 2.84), 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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