TCBIX vs. EOS
TCBIX (The Covered Bridge Fund) and EOS (Eaton Vance Enhanced Equity Income Fund II) are both Derivative Income funds. Over the past 10 years, TCBIX returned 7.57%/yr vs 12.87%/yr for EOS. Their 0.52 correlation means they have sometimes moved together and sometimes differently. TCBIX charges 1.40%/yr vs 1.09%/yr for EOS.
Performance
TCBIX vs. EOS - Performance Comparison
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Returns By Period
In the year-to-date period, TCBIX achieves a 10.92% return, which is significantly higher than EOS's -3.09% return. Over the past 10 years, TCBIX has underperformed EOS with an annualized return of 7.57%, while EOS has yielded a comparatively higher 12.87% annualized return.
TCBIX
- 1D
- -0.10%
- 1M
- 1.59%
- 6M
- 7.01%
- YTD
- 10.92%
- 1Y
- 19.02%
- 3Y*
- 9.71%
- 5Y*
- 6.94%
- 10Y*
- 7.57%
- ALL TIME*
- 7.25%
EOS
- 1D
- 1.65%
- 1M
- -1.27%
- 6M
- -0.15%
- YTD
- -3.09%
- 1Y
- -1.33%
- 3Y*
- 15.19%
- 5Y*
- 6.59%
- 10Y*
- 12.87%
- ALL TIME*
- 9.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.57M | $2.65M | $2.75M | |
| $0.00 | $0.00 | $0.00 |
TCBIX vs. EOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCBIX The Covered Bridge Fund | 10.92% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% | 9.66% |
EOS Eaton Vance Enhanced Equity Income Fund II | -3.09% | 5.77% | 38.69% | 22.59% | -26.50% | 20.30% | 29.45% | 30.32% | 2.77% | 27.89% |
Correlation
The correlation between TCBIX and EOS is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2013 | 0.52 |
Over the past year, the correlation between TCBIX and EOS has dropped to 0.31 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
TCBIX vs. EOS — Risk / Return Rank
TCBIX
EOS
TCBIX vs. EOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Covered Bridge Fund (TCBIX) and Eaton Vance Enhanced Equity Income Fund II (EOS). 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.
| TCBIX | EOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.08 | +3.61 |
| Martin ratioReturn relative to average drawdown | 11.58 | -0.23 | +11.82 |
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Drawdowns
TCBIX vs. EOS - Drawdown Comparison
The maximum TCBIX drawdown since its inception was -28.94%, smaller than the maximum EOS drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for TCBIX and EOS.
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Drawdown Indicators
| TCBIX | EOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -55.74% | +26.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -17.12% | +11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.73% | -24.31% | +11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.07% | -34.32% | +17.25% |
Max Drawdown (10Y)Largest decline over 10 years | -28.94% | -41.12% | +12.18% |
Current DrawdownCurrent decline from peak | -0.31% | -5.31% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -7.80% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 5.67% | -4.07% |
Volatility
TCBIX vs. EOS - Volatility Comparison
The current volatility for The Covered Bridge Fund (TCBIX) is 2.90%, while Eaton Vance Enhanced Equity Income Fund II (EOS) has a volatility of 4.67%. This indicates that TCBIX experiences smaller price fluctuations and is considered to be less risky than EOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCBIX | EOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 4.67% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 12.77% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 15.84% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 19.84% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 20.77% | -7.26% |
TCBIX vs. EOS - Expense Ratio Comparison
TCBIX has a 1.40% expense ratio, which is higher than EOS's 1.09% expense ratio.
Dividends
TCBIX vs. EOS - Dividend Comparison
TCBIX's dividend yield for the trailing twelve months is around 8.34%, less than EOS's 8.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOS Eaton Vance Enhanced Equity Income Fund II | 8.45% | 7.81% | 7.17% | 7.38% | 9.69% | 5.60% | 5.01% | 6.65% | 7.16% | 6.90% | 8.20% | 7.70% |
TCBIX The Covered Bridge Fund | 8.34% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
TCBIX and EOS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOS has higher volatility (4.67%) compared to TCBIX (2.90%). In terms of maximum drawdown, TCBIX dropped -28.94% vs EOS's -55.74%.
TCBIX currently has the higher Sharpe Ratio (2.14 vs -0.08), 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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