XBAL.TO vs. EIGMX
XBAL.TO (iShares Core Balanced ETF Portfolio) and EIGMX (Eaton Vance Global Macro Absolute Return Fund) are both funds - XBAL.TO is a Diversified Portfolio fund actively managed by iShares, while EIGMX is a Nontraditional Bonds fund managed by Eaton Vance. Over the past 10 years, XBAL.TO returned 7.69%/yr vs 5.65%/yr for EIGMX. At a correlation of -0.18, they often move in opposite directions. XBAL.TO charges 0.20%/yr vs 0.76%/yr for EIGMX.
Performance
XBAL.TO vs. EIGMX - Performance Comparison
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Different Trading Currencies
XBAL.TO is traded in CAD, while EIGMX is traded in USD. To make them comparable, the EIGMX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XBAL.TO achieves a 7.81% return, which is significantly higher than EIGMX's 5.16% return. Over the past 10 years, XBAL.TO has outperformed EIGMX with an annualized return of 7.69%, while EIGMX has yielded a comparatively lower 5.65% annualized return.
XBAL.TO
- 1D
- -0.36%
- 1M
- 4.13%
- YTD
- 7.81%
- 6M
- 6.00%
- 1Y
- 17.48%
- 3Y*
- 14.21%
- 5Y*
- 8.15%
- 10Y*
- 7.69%
EIGMX
- 1D
- 0.42%
- 1M
- 2.14%
- YTD
- 5.16%
- 6M
- 4.35%
- 1Y
- 13.23%
- 3Y*
- 10.50%
- 5Y*
- 9.11%
- 10Y*
- 5.65%
XBAL.TO vs. EIGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 7.81% | 11.87% | 15.76% | 13.01% | -11.19% | 10.11% | 10.67% | 15.28% | -2.80% | 5.48% |
EIGMX Eaton Vance Global Macro Absolute Return Fund | 5.16% | 6.26% | 18.03% | 4.63% | 6.62% | 1.27% | 1.84% | 4.37% | 4.91% | -2.35% |
Correlation
The correlation between XBAL.TO and EIGMX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | -0.18 |
The correlation between XBAL.TO and EIGMX shifts across timeframes, from -0.18 (all time) to -0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XBAL.TO vs. EIGMX — Risk / Return Rank
XBAL.TO
EIGMX
XBAL.TO vs. EIGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) 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.
| XBAL.TO | EIGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.54 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 6.68 | -3.79 |
| Martin ratioReturn relative to average drawdown | 12.15 | 20.57 | -8.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XBAL.TO | EIGMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.90 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.35 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.81 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.67 | +0.01 |
Drawdowns
XBAL.TO vs. EIGMX - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.83%, which is greater than EIGMX's maximum drawdown of -12.61%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and EIGMX.
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Drawdown Indicators
| XBAL.TO | EIGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.83% | -12.61% | -16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -2.00% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -4.99% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -7.08% | -10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | -11.10% | -9.83% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -3.13% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.65% | +0.79% |
Volatility
XBAL.TO vs. EIGMX - Volatility Comparison
iShares Core Balanced ETF Portfolio (XBAL.TO) has a higher volatility of 3.14% compared to Eaton Vance Global Macro Absolute Return Fund (EIGMX) at 0.89%. This indicates that XBAL.TO's price experiences larger fluctuations and is considered to be riskier than EIGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAL.TO | EIGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 0.89% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 3.48% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 4.61% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 6.78% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 6.99% | +2.38% |
XBAL.TO vs. EIGMX - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is lower than EIGMX's 0.76% expense ratio.
Dividends
XBAL.TO vs. EIGMX - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, less than EIGMX's 6.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIGMX Eaton Vance Global Macro Absolute Return Fund | 6.67% | 5.72% | 6.16% | 5.79% | 4.78% | 4.18% | 4.37% | 5.44% | 3.72% | 3.42% | 4.02% | 5.54% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.10% | 2.24% | 2.68% | 2.40% | 2.09% | 1.74% | 1.99% | 2.26% | 3.39% | 2.93% | 3.64% | 3.29% |
Frequently Asked Questions
XBAL.TO and EIGMX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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