QFITX vs. EGRIX
QFITX (Quantified Tactical Fixed Income Fund) and EGRIX (Eaton Vance Global Macro Absolute Return Advantage Fund) are both Nontraditional Bonds funds. Over the past 5 years, QFITX returned -1.30%/yr vs 8.89%/yr for EGRIX. At a correlation of -0.05, they often move in opposite directions. QFITX charges 1.56%/yr vs 1.05%/yr for EGRIX.
Performance
QFITX vs. EGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, QFITX achieves a -4.59% return, which is significantly lower than EGRIX's 7.87% return.
QFITX
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- -4.59%
- 6M
- -4.52%
- 1Y
- -6.65%
- 3Y*
- -6.12%
- 5Y*
- -1.30%
- 10Y*
- —
EGRIX
- 1D
- 0.08%
- 1M
- 1.78%
- YTD
- 7.87%
- 6M
- 8.65%
- 1Y
- 20.31%
- 3Y*
- 13.21%
- 5Y*
- 8.89%
- 10Y*
- 6.59%
QFITX vs. EGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QFITX Quantified Tactical Fixed Income Fund | -4.59% | -7.64% | -1.03% | -6.54% | -22.87% | 36.77% | 10.36% | 2.31% |
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 7.87% | 20.36% | 9.50% | 8.37% | -1.94% | 3.66% | 4.71% | 6.39% |
Correlation
The correlation between QFITX and EGRIX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | -0.05 |
The correlation between QFITX and EGRIX shifts across timeframes, from -0.05 (all time) to 0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QFITX vs. EGRIX — Risk / Return Rank
QFITX
EGRIX
QFITX vs. EGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantified Tactical Fixed Income Fund (QFITX) and Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QFITX | EGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.88 | ||
| Sortino ratioReturn per unit of downside risk | -9.71 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 2.57 | -1.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 6.09 | -6.80 |
| Martin ratioReturn relative to average drawdown | -1.46 | 22.04 | -23.50 |
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Drawdowns
QFITX vs. EGRIX - Drawdown Comparison
The maximum QFITX drawdown since its inception was -38.03%, which is greater than EGRIX's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for QFITX and EGRIX.
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Drawdown Indicators
| QFITX | EGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -14.17% | -23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -3.37% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -3.37% | -17.27% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -10.18% | -27.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.17% | — |
Current DrawdownCurrent decline from peak | -37.67% | 0.00% | -37.67% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -1.83% | -17.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 0.93% | +3.25% |
Volatility
QFITX vs. EGRIX - Volatility Comparison
Quantified Tactical Fixed Income Fund (QFITX) has a higher volatility of 1.10% compared to Eaton Vance Global Macro Absolute Return Advantage Fund (EGRIX) at 0.72%. This indicates that QFITX's price experiences larger fluctuations and is considered to be riskier than EGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QFITX | EGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.72% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 3.20% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 3.57% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 4.04% | +17.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 3.96% | +16.24% |
QFITX vs. EGRIX - Expense Ratio Comparison
QFITX has a 1.56% expense ratio, which is higher than EGRIX's 1.05% expense ratio.
Dividends
QFITX vs. EGRIX - Dividend Comparison
QFITX's dividend yield for the trailing twelve months is around 16.08%, more than EGRIX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGRIX Eaton Vance Global Macro Absolute Return Advantage Fund | 6.17% | 6.65% | 6.00% | 3.40% | 4.82% | 4.89% | 5.82% | 4.15% | 0.06% | 3.22% | 1.78% | 6.67% |
QFITX Quantified Tactical Fixed Income Fund | 16.08% | 12.72% | 3.70% | 0.08% | 0.15% | 29.15% | 2.12% | 4.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QFITX and EGRIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFITX has higher volatility (1.10%) compared to EGRIX (0.72%). In terms of maximum drawdown, QFITX dropped -38.03% vs EGRIX's -14.17%.
EGRIX currently has the higher Sharpe Ratio (5.75 vs -1.13), 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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