Its a magicka ability that deals magic damage and conforms to melee rules. It isn't reflected back like a projectile would be allowing you to hit people with it while under effects like that shield the NPCs at resources in Cyrodiil throw on you. I'm more curious as to why you're running a 2-handed Axe with Eviscerate to be honest. I think its not procing the bleed because its not a physical damage ability.
Axes grant your melee attacks 8%/16% chance to apply a bleed dealing 1056 Physical Damage over 6 seconds.
YandereGirlfriend wrote: »The Axe Bleed effect only is able to be proc'd on Light Attacks made with the weapon and Weapon Abilities (anything in the 2H skill tree).
That's it.
So Eviscerate does not proc it because it is neither of those things. Same thing for like DK's Molten Whip or even Stamina melee class abilities like Concealed Weapon (or whatever the Stamina morph is called).
Hope this answers your questions.