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RA vs. EVG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RA vs. EVG

Last updated Jun 23, 2026

RA (Brookfield Real Assets Income Fund Inc.) and EVG (Eaton Vance Short Duration Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, RA returned 0.68%/yr vs 5.17%/yr for EVG. At a 0.29 correlation, their price movements are largely independent. RA charges 2.76%/yr vs 0.02%/yr for EVG.

Performance

RA vs. EVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Real Assets Income Fund Inc. (RA) and Eaton Vance Short Duration Diversified Income Fund (EVG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RA achieves a 3.60% return, which is significantly higher than EVG's 2.11% return.

RA

1D
0.47%
1M
0.07%
YTD
3.60%
6M
4.17%
1Y
9.44%
3Y*
2.86%
5Y*
0.68%
10Y*
—

EVG

1D
-0.56%
1M
0.98%
YTD
2.11%
6M
2.86%
1Y
7.47%
3Y*
12.75%
5Y*
5.17%
10Y*
6.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RA vs. EVG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RA
Brookfield Real Assets Income Fund Inc.		3.60%8.32%15.87%-9.02%-13.47%32.35%-4.17%24.89%-9.15%15.99%
EVG
Eaton Vance Short Duration Diversified Income Fund		2.11%8.43%14.80%11.90%-14.12%17.10%-1.68%16.48%-7.59%10.82%

Correlation

The correlation between RA and EVG is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Dec 5, 2016

0.29

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Brookfield Real Assets Income Fund Inc.

Eaton Vance Short Duration Diversified Income Fund

Often compared with RA:
RA vs. KIORA vs. ANGLXRA vs. CBRDXRA vs. JMMRA vs. TQPAXRA vs. CBLDXRA vs. PPT
Often compared with EVG:
EVG vs. VGIEVG vs. MMTEVG vs. KIOEVG vs. TQPAXEVG vs. JMMEVG vs. TSIEVG vs. PFL

Return for Risk

RA vs. EVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RA
RA Risk / Return Rank: 1717
Overall Rank
RA Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
RA Sortino Ratio Rank: 1818
Sortino Ratio Rank
RA Omega Ratio Rank: 1919
Omega Ratio Rank
RA Calmar Ratio Rank: 1717
Calmar Ratio Rank
RA Martin Ratio Rank: 1515
Martin Ratio Rank
EVG
EVG Risk / Return Rank: 1515
Overall Rank
EVG Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
EVG Sortino Ratio Rank: 1414
Sortino Ratio Rank
EVG Omega Ratio Rank: 1212
Omega Ratio Rank
EVG Calmar Ratio Rank: 1919
Calmar Ratio Rank
EVG Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RA vs. EVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Real Assets Income Fund Inc. (RA) and Eaton Vance Short Duration Diversified Income Fund (EVG). 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.

RAEVGDifference
Sharpe ratioReturn per unit of total volatility
1.11
0.87

+0.24

Sortino ratioReturn per unit of downside risk
1.66
1.44

+0.22

Omega ratioGain probability vs. loss probability

1.21

1.17

+0.05

Calmar ratioReturn relative to maximum drawdown

1.41

1.49

-0.08

Martin ratioReturn relative to average drawdown

3.84

4.29

-0.45

RA vs. EVG - Sharpe Ratio Comparison

The current RA Sharpe Ratio is 1.11, which is comparable to the EVG Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of RA and EVG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RA vs. EVG - Drawdown Comparison

The maximum RA drawdown since its inception was -50.66%, which is greater than EVG's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for RA and EVG.

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Drawdown Indicators

RAEVGDifference

Max Drawdown

Largest peak-to-trough decline

-50.66%

-40.60%

-10.06%

Max Drawdown (1Y)

Largest decline over 1 year

-6.73%

-5.03%

-1.70%

Max Drawdown (3Y)

Largest decline over 3 years

-28.42%

-8.24%

-20.18%

Max Drawdown (5Y)

Largest decline over 5 years

-30.83%

-23.35%

-7.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.75%

—

Current Drawdown

Current decline from peak

-2.98%

-1.29%

-1.69%

Average Drawdown

Average peak-to-trough decline

-8.06%

-6.22%

-1.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.46%

1.75%

+0.71%

Volatility

RA vs. EVG - Volatility Comparison

The current volatility for Brookfield Real Assets Income Fund Inc. (RA) is 1.85%, while Eaton Vance Short Duration Diversified Income Fund (EVG) has a volatility of 2.68%. This indicates that RA experiences smaller price fluctuations and is considered to be less risky than EVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RAEVGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.85%

2.68%

-0.83%

Volatility (6M)

Calculated over the trailing 6-month period

6.65%

6.59%

+0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

8.53%

8.60%

-0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

12.27%

+5.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.60%

13.00%

+7.60%

RA vs. EVG - Expense Ratio Comparison

RA has a 2.76% expense ratio, which is higher than EVG's 0.02% expense ratio.

Dividends

RA vs. EVG - Dividend Comparison

RA's dividend yield for the trailing twelve months is around 11.14%, more than EVG's 8.36% yield.

PositionTTM20252024202320222021202020192018201720162015
EVG
Eaton Vance Short Duration Diversified Income Fund		8.36%8.15%8.69%9.18%12.40%8.75%6.67%6.96%6.63%6.68%7.79%8.05%
RA
Brookfield Real Assets Income Fund Inc.		11.14%10.93%10.63%16.74%14.79%11.31%13.39%11.19%12.52%10.22%0.89%0.00%

Frequently Asked Questions

RA and EVG have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EVG has higher volatility (2.68%) compared to RA (1.85%). In terms of maximum drawdown, RA dropped -50.66% vs EVG's -40.60%.

RA currently has the higher Sharpe Ratio (1.11 vs 0.87), 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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