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VCMDX vs. EIPCX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VCMDX vs. EIPCX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Parametric Commodity Strategy Fund Class I (EIPCX).

VCMDX is managed by Vanguard. It was launched on Jun 25, 2019. EIPCX is managed by Eaton Vance. It was launched on May 25, 2011.

Performance

VCMDX vs. EIPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Parametric Commodity Strategy Fund Class I (EIPCX). The values are adjusted to include any dividend payments, if applicable.

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VCMDX vs. EIPCX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VCMDX
Vanguard Commodity Strategy Fund Admiral Shares		18.30%18.20%5.27%-7.45%13.83%34.82%5.07%2.74%
EIPCX
Parametric Commodity Strategy Fund Class I		16.44%22.27%9.97%-4.70%17.76%30.13%7.83%4.29%

Returns By Period

In the year-to-date period, VCMDX achieves a 18.30% return, which is significantly higher than EIPCX's 16.44% return.

VCMDX

1D
0.39%
1M
6.43%
YTD
18.30%
6M
24.60%
1Y
26.59%
3Y*
12.12%
5Y*
14.20%
10Y*
—

EIPCX

1D
0.52%
1M
5.61%
YTD
16.44%
6M
25.65%
1Y
32.48%
3Y*
15.11%
5Y*
16.28%
10Y*
11.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Vanguard Commodity Strategy Fund Admiral Shares

Parametric Commodity Strategy Fund Class I

Often compared with VCMDX:
VCMDX vs. COMTVCMDX vs. GSGVCMDX vs. BCDVCMDX vs. PCLIXVCMDX vs. VOOVCMDX vs. FSGGXVCMDX vs. COMB
Often compared with EIPCX:
EIPCX vs. PDBCEIPCX vs. BCDEIPCX vs. EAPCXEIPCX vs. AAAZXEIPCX vs. SPYEIPCX vs. SWMCXEIPCX vs. FFGCX

VCMDX vs. EIPCX - Expense Ratio Comparison

VCMDX has a 0.20% expense ratio, which is lower than EIPCX's 0.66% expense ratio.

EIPCX
Parametric Commodity Strategy Fund Class I
VCMDX
Vanguard Commodity Strategy Fund Admiral Shares

Return for Risk

VCMDX vs. EIPCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCMDX
VCMDX Risk / Return Rank: 8888
Overall Rank
VCMDX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VCMDX Sortino Ratio Rank: 8686
Sortino Ratio Rank
VCMDX Omega Ratio Rank: 8383
Omega Ratio Rank
VCMDX Calmar Ratio Rank: 9494
Calmar Ratio Rank
VCMDX Martin Ratio Rank: 8888
Martin Ratio Rank
EIPCX
EIPCX Risk / Return Rank: 9494
Overall Rank
EIPCX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EIPCX Sortino Ratio Rank: 9393
Sortino Ratio Rank
EIPCX Omega Ratio Rank: 9090
Omega Ratio Rank
EIPCX Calmar Ratio Rank: 9696
Calmar Ratio Rank
EIPCX Martin Ratio Rank: 9595
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.

VCMDX vs. EIPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Parametric Commodity Strategy Fund Class I (EIPCX). 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.

VCMDXEIPCXDifference

Sharpe ratio

Return per unit of total volatility

1.76

2.24

-0.48

Sortino ratio

Return per unit of downside risk

2.25

2.82

-0.57

Omega ratio

Gain probability vs. loss probability

1.33

1.40

-0.08

Calmar ratio

Return relative to maximum drawdown

3.10

3.60

-0.49

Martin ratio

Return relative to average drawdown

9.46

12.73

-3.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCMDX vs. EIPCX - Sharpe Ratio Comparison

The current VCMDX Sharpe Ratio is 1.76, which is comparable to the EIPCX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of VCMDX and EIPCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VCMDXEIPCXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

2.24

-0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

1.12

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.24

+0.60

Correlation

The correlation between VCMDX and EIPCX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VCMDX vs. EIPCX - Dividend Comparison

VCMDX's dividend yield for the trailing twelve months is around 12.86%, more than EIPCX's 11.45% yield.

TTM2025202420232022202120202019201820172016
VCMDX
Vanguard Commodity Strategy Fund Admiral Shares		12.86%15.21%2.19%2.50%14.21%30.56%0.50%0.60%0.00%0.00%0.00%
EIPCX
Parametric Commodity Strategy Fund Class I		11.45%13.33%5.65%3.69%14.93%13.83%3.10%1.54%0.87%5.14%6.59%

Drawdowns

VCMDX vs. EIPCX - Drawdown Comparison

The maximum VCMDX drawdown since its inception was -26.67%, smaller than the maximum EIPCX drawdown of -54.05%. Use the drawdown chart below to compare losses from any high point for VCMDX and EIPCX.

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Drawdown Indicators

VCMDXEIPCXDifference

Max Drawdown

Largest peak-to-trough decline

-26.67%

-54.05%

+27.38%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-9.15%

+0.23%

Max Drawdown (5Y)

Largest decline over 5 years

-25.45%

-18.00%

-7.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.53%

—

Current Drawdown

Current decline from peak

-1.31%

-1.15%

-0.16%

Average Drawdown

Average peak-to-trough decline

-11.10%

-24.51%

+13.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

2.58%

+0.35%

Volatility

VCMDX vs. EIPCX - Volatility Comparison

Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) has a higher volatility of 5.98% compared to Parametric Commodity Strategy Fund Class I (EIPCX) at 4.42%. This indicates that VCMDX's price experiences larger fluctuations and is considered to be riskier than EIPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VCMDXEIPCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.98%

4.42%

+1.56%

Volatility (6M)

Calculated over the trailing 6-month period

12.19%

11.76%

+0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.62%

14.84%

+0.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.81%

14.64%

+1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.40%

13.30%

+2.10%