SABA vs. EAIIX
SABA (Saba Capital Income & Opportunities Fund II) and EAIIX (Eaton Vance Global Bond Fund) are both Global Bonds funds. Over the past 10 years, SABA returned 2.80%/yr vs 2.74%/yr for EAIIX. At a 0.19 correlation, their price movements are largely independent.
Performance
SABA vs. EAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, SABA achieves a 2.89% return, which is significantly lower than EAIIX's 3.45% return. Both investments have delivered pretty close results over the past 10 years, with SABA having a 2.80% annualized return and EAIIX not far behind at 2.74%.
SABA
- 1D
- -0.37%
- 1M
- -2.54%
- YTD
- 2.89%
- 6M
- 1.91%
- 1Y
- -1.67%
- 3Y*
- 9.11%
- 5Y*
- 2.97%
- 10Y*
- 2.80%
EAIIX
- 1D
- 0.00%
- 1M
- -0.08%
- YTD
- 3.45%
- 6M
- 3.74%
- 1Y
- 9.27%
- 3Y*
- 6.28%
- 5Y*
- 1.29%
- 10Y*
- 2.74%
SABA vs. EAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SABA Saba Capital Income & Opportunities Fund II | 2.89% | -0.31% | 31.32% | -2.77% | -9.02% | 1.05% | -6.63% | 8.55% | -1.25% | 4.13% |
EAIIX Eaton Vance Global Bond Fund | 3.45% | 13.67% | -2.81% | 8.45% | -11.29% | -5.71% | 9.33% | 6.09% | -2.67% | 10.58% |
Correlation
The correlation between SABA and EAIIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007 | 0.19 |
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Return for Risk
SABA vs. EAIIX — Risk / Return Rank
SABA
EAIIX
SABA vs. EAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund II (SABA) and Eaton Vance Global Bond Fund (EAIIX). 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.
| SABA | EAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.64 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.62 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 4.07 | -4.23 |
| Martin ratioReturn relative to average drawdown | -0.31 | 14.95 | -15.26 |
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Drawdowns
SABA vs. EAIIX - Drawdown Comparison
The maximum SABA drawdown since its inception was -32.37%, which is greater than EAIIX's maximum drawdown of -25.32%. Use the drawdown chart below to compare losses from any high point for SABA and EAIIX.
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Drawdown Indicators
| SABA | EAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.37% | -25.32% | -7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -2.33% | -8.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -8.35% | -6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.76% | -23.13% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -31.39% | -25.32% | -6.07% |
Current DrawdownCurrent decline from peak | -6.00% | -0.80% | -5.20% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -5.03% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 0.63% | +4.79% |
Volatility
SABA vs. EAIIX - Volatility Comparison
Saba Capital Income & Opportunities Fund II (SABA) has a higher volatility of 2.98% compared to Eaton Vance Global Bond Fund (EAIIX) at 0.91%. This indicates that SABA's price experiences larger fluctuations and is considered to be riskier than EAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SABA | EAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 0.91% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 2.51% | +5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 3.20% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 6.54% | +8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 5.51% | +11.14% |
Dividends
SABA vs. EAIIX - Dividend Comparison
SABA's dividend yield for the trailing twelve months is around 9.78%, more than EAIIX's 8.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAIIX Eaton Vance Global Bond Fund | 8.77% | 7.44% | 4.80% | 4.42% | 4.54% | 5.37% | 6.13% | 5.69% | 4.70% | 4.43% | 5.53% | 5.89% |
SABA Saba Capital Income & Opportunities Fund II | 9.78% | 9.65% | 8.32% | 11.43% | 9.14% | 7.19% | 4.00% | 6.68% | 5.81% | 4.44% | 4.63% | 4.72% |
Frequently Asked Questions
SABA and EAIIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SABA has higher volatility (2.98%) compared to EAIIX (0.91%). In terms of maximum drawdown, SABA dropped -32.37% vs EAIIX's -25.32%.
EAIIX currently has the higher Sharpe Ratio (2.97 vs -0.14), 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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