Eaton Vance Floating-Rate & High Income Fund (ECFHX)

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Eaton Vance Floating-Rate & High Income Fund (ECFHX) is up 0.5% since the beginning of the year. ECFHX is currently trading at $8 per share. Investors who bought $1,000 worth of ECFHX shares 5 years ago would now be looking at an investment worth $1,180.

Eaton Vance Floating-Rate & High Income Fund (ECFHX) has returned 0.47% so far this year and 2.78% over the past 12 months. Over the last ten years, ECFHX has returned 3.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Sep 5, 2000, ECFHX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.

Historically, 75% of months were positive and 25% were negative. The best month was Apr 2009 with a return of +8.2%, while the worst month was Oct 2008 at -15.3%. The longest winning streak lasted 26 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ECFHX closed higher 25% of trading days. The best single day was Mar 26, 2020 with a return of +3.1%, while the worst single day was Mar 18, 2020 at -3.3%.

Eaton Vance Floating-Rate & High Income Fund has an annualized alpha of 3.11%, beta of 0.04, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since September 06, 2000.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.47%) than losses (17.69%) - typical of diversified or defensive assets.
• Beta of 0.04 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ECFHX has a high expense ratio of 1.77%, indicating above-average management fees.

ECFHX ranks 29 for risk / return — below 29% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Eaton Vance Floating-Rate & High Income Fund (ECFHX) and compare them to S&P 500 Index.

Eaton Vance Floating-Rate & High Income Fund provided a 5.95% dividend yield over the last twelve months, with an annual payout of $0.47 per share.

The table displays the monthly dividend distributions for Eaton Vance Floating-Rate & High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Eaton Vance Floating-Rate & High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Eaton Vance Floating-Rate & High Income Fund was 34.41%, occurring on Dec 17, 2008. Recovery took 270 trading sessions.

The chart below shows the rolling one-month volatility.