TUIFX vs. EIGMX

Last updated Aug 1, 2026

TUIFX (Toews Unconstrained Income Fund) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both Nontraditional Bonds funds. Over the past 10 years, TUIFX returned 1.62%/yr vs 4.96%/yr for EIGMX. Their 0.02 correlation means their historical movements had little consistent relationship. TUIFX charges 1.25%/yr vs 0.76%/yr for EIGMX.

Performance

TUIFX vs. EIGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toews Unconstrained Income Fund (TUIFX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUIFX achieves a 0.17% return, which is significantly lower than EIGMX's 5.42% return. Over the past 10 years, TUIFX has underperformed EIGMX with an annualized return of 1.62%, while EIGMX has yielded a comparatively higher 4.96% annualized return.

TUIFX

• 1D: -0.05%
• 1M: -0.49%
• 6M: -0.27%
• YTD: 0.17%
• 1Y: 1.74%
• 3Y*: 3.58%
• 5Y*: 0.97%
• 10Y*: 1.62%
• ALL TIME*: 1.90%

EIGMX

• 1D: 0.00%
• 1M: 0.22%
• 6M: 2.90%
• YTD: 5.42%
• 1Y: 11.54%
• 3Y*: 9.03%
• 5Y*: 6.45%
• 10Y*: 4.96%
• ALL TIME*: 4.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EIGMX Eaton Vance Global Macro Absolute Return Fund	$0.00	$0.00	$0.00
TUIFX Toews Unconstrained Income Fund	$0.00	$0.00	$0.00

TUIFX vs. EIGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TUIFX Toews Unconstrained Income Fund	0.17%	3.55%	4.53%	3.08%	-4.36%	-0.20%	2.58%	6.97%	-2.82%	2.10%
EIGMX Eaton Vance Global Macro Absolute Return Fund	5.42%	11.37%	8.69%	6.99%	-0.47%	2.19%	3.59%	9.76%	-3.29%	4.29%

Correlation

The correlation between TUIFX and EIGMX is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (5Y) Shows whether the relationship held over a longer period.	0.08
Correlation (10Y) Provides a long-term view across more market conditions.	0.05
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.02

The correlation between TUIFX and EIGMX shifts across timeframes, from 0.02 (all time) to 0.20 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TUIFX vs. EIGMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TUIFX

TUIFX Risk / Return Rank: 40
TUIFX Sharpe Ratio Rank: 30
TUIFX Sortino Ratio Rank: 32
TUIFX Omega Ratio Rank: 32
TUIFX Calmar Ratio Rank: 72
TUIFX Martin Ratio Rank: 34

EIGMX

EIGMX Risk / Return Rank: 99
EIGMX Sharpe Ratio Rank: 100
EIGMX Sortino Ratio Rank: 99
EIGMX Omega Ratio Rank: 99
EIGMX Calmar Ratio Rank: 99
EIGMX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TUIFX vs. EIGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Unconstrained Income Fund (TUIFX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX). 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.

	TUIFX	EIGMX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	6.18	-5.17
Sortino ratio: Return per unit of downside risk	1.54	9.86	-8.32
Omega ratio: Gain probability vs. loss probability	1.19	2.98	-1.78
Calmar ratio: Return relative to maximum drawdown	2.39	8.12	-5.73
Martin ratio: Return relative to average drawdown	5.09	29.31	-24.21

TUIFX vs. EIGMX - Sharpe Ratio Comparison

The current TUIFX Sharpe Ratio is 1.02, which is lower than the EIGMX Sharpe Ratio of 6.18. The chart below compares the historical Sharpe Ratios of TUIFX and EIGMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TUIFX vs. EIGMX - Drawdown Comparison

The maximum TUIFX drawdown since its inception was -7.37%, smaller than the maximum EIGMX drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for TUIFX and EIGMX.

Drawdown Indicators

	TUIFX	EIGMX	Difference
Max Drawdown Largest peak-to-trough decline	-7.37%	-9.42%	+2.05%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	-1.44%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-1.64%	-1.63%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-7.37%	-7.39%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-7.37%	-9.42%	+2.05%
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-2.05%	-0.91%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.40%	+0.01%

Volatility

TUIFX vs. EIGMX - Volatility Comparison

Toews Unconstrained Income Fund (TUIFX) and Eaton Vance Global Macro Absolute Return Fund (EIGMX) have volatilities of 0.51% and 0.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUIFX	EIGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	0.50%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.42%	1.58%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	1.90%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.63%	2.62%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.66%	2.50%	+0.16%

TUIFX vs. EIGMX - Expense Ratio Comparison

TUIFX has a 1.25% expense ratio, which is higher than EIGMX's 0.76% expense ratio.

Dividends

TUIFX vs. EIGMX - Dividend Comparison

TUIFX's dividend yield for the trailing twelve months is around 4.10%, less than EIGMX's 6.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIGMX Eaton Vance Global Macro Absolute Return Fund	6.66%	5.72%	6.16%	5.79%	4.78%	4.18%	4.37%	5.44%	3.72%	3.42%	4.02%	5.54%
TUIFX Toews Unconstrained Income Fund	4.10%	4.17%	4.68%	4.09%	1.05%	2.13%	1.33%	2.44%	2.05%	4.34%	2.29%	1.19%

Frequently Asked Questions

Can I hold both TUIFX and EIGMX in my portfolio?

TUIFX and EIGMX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUIFX or EIGMX?

TUIFX has higher volatility (0.51%) compared to EIGMX (0.50%). In terms of maximum drawdown, TUIFX dropped -7.37% vs EIGMX's -9.42%.

Which has better risk-adjusted returns?

EIGMX currently has the higher Sharpe Ratio (6.18 vs 1.02), 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.