Eaton Vance Floating Rate Fund (EIBLX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with EIBLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EIBLX
EIBLX charges 0.76% annually. There are 23 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | EIBLX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | EIBLX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | EIBLX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | EIBLX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | EIBLX vs LFRIX |
Best Risk-Adjusted Alternatives to EIBLX
EIBLX has a PortfoliosLab risk / return rank of 43. There are 44 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | EIBLX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | EIBLX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | EIBLX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | EIBLX vs SAMBX | |
| PGIM Floating Rate Income Fund | 96 | — | Mar 2011 | EIBLX vs FRFZX |
Top Performing EIBLX Alternatives (YTD)
EIBLX is at 0.86% YTD. There are 47 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.74% | — | Dec 2009 | EIBLX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 3.54% | — | Jan 2017 | EIBLX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 3.03% | — | Feb 2006 | EIBLX vs SAMBX | |
| Credit Suisse Floating Rate High Income Fund | 3.03% | — | Mar 1999 | EIBLX vs CHIAX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.87% | — | Jun 2023 | EIBLX vs CAPIX |
Lowest Volatility Alternatives to EIBLX
EIBLX has 2.22% 1-year volatility. There are 14 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.76% | — | Sep 2016 | EIBLX vs RCRIX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | EIBLX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | EIBLX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | EIBLX vs FLOTX | |
| Dunham Floating Rate Bond Fund | 1.67% | — | Oct 2013 | EIBLX vs DAFRX |
Lowest Drawdown Alternatives to EIBLX
EIBLX has a 1-year max drawdown of -1.68%. There are 29 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | EIBLX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | EIBLX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | EIBLX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | EIBLX vs PSFIX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | EIBLX vs CFOIX |
Other Mutual Funds from Eaton Vance
The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 10 categories.
Often Compared With EIBLX
Investors most often compare EIBLX with SCHG, FLYRX, VSTSX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare EIBLX with Any Fund or Stock
Compare EIBLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EIBLX with funds that move differently
Eaton Vance Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EIBLX.
Explore EIBLX Diversifiers