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Eaton Vance Floating-Rate Advantage Fund (EIFAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US2779236379

CUSIP

277923637

Issuer

Eaton Vance

Inception Date

Mar 16, 2008

Category

Bank Loan

Min. Investment

$1,000,000

Asset Class

Bond

Expense Ratio

EIFAX features an expense ratio of 0.47%, falling within the medium range.


Expense ratio chart for EIFAX: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
EIFAX vs. FHYSX EIFAX vs. BSJR EIFAX vs. AFRAX EIFAX vs. THY EIFAX vs. HYHG EIFAX vs. HYLS EIFAX vs. RCTIX EIFAX vs. IBHE EIFAX vs. GHYG EIFAX vs. BSJO
Popular comparisons:
EIFAX vs. FHYSX EIFAX vs. BSJR EIFAX vs. AFRAX EIFAX vs. THY EIFAX vs. HYHG EIFAX vs. HYLS EIFAX vs. RCTIX EIFAX vs. IBHE EIFAX vs. GHYG EIFAX vs. BSJO

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Eaton Vance Floating-Rate Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


150.00%200.00%250.00%300.00%350.00%JulyAugustSeptemberOctoberNovemberDecember
149.91%
347.63%
EIFAX (Eaton Vance Floating-Rate Advantage Fund)
Benchmark (^GSPC)

Returns By Period

Eaton Vance Floating-Rate Advantage Fund had a return of 7.64% year-to-date (YTD) and 9.62% in the last 12 months. Over the past 10 years, Eaton Vance Floating-Rate Advantage Fund had an annualized return of 5.07%, while the S&P 500 had an annualized return of 11.47%, indicating that Eaton Vance Floating-Rate Advantage Fund did not perform as well as the benchmark.


EIFAX

YTD

7.64%

1M

0.20%

6M

3.55%

1Y

9.62%

5Y (annualized)

5.48%

10Y (annualized)

5.07%

^GSPC (Benchmark)

YTD

27.68%

1M

2.72%

6M

13.90%

1Y

32.81%

5Y (annualized)

14.15%

10Y (annualized)

11.47%

Monthly Returns

The table below presents the monthly returns of EIFAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.61%0.85%0.99%0.36%0.97%0.34%0.76%0.76%0.52%0.91%0.20%7.64%
20233.33%0.57%-0.27%1.16%-0.36%2.22%1.63%1.46%0.65%-0.53%1.84%2.04%14.53%
20220.14%-0.64%0.07%-0.21%-3.01%-3.37%3.02%1.48%-3.27%1.14%1.89%-0.01%-2.98%
20211.31%0.60%-0.03%0.46%0.61%0.52%-0.05%0.72%0.61%0.13%-0.34%0.75%5.42%
20200.50%-1.48%-14.89%4.64%4.16%1.61%1.92%1.90%0.46%0.27%2.94%1.41%1.91%
20192.98%1.65%-0.36%1.77%-0.46%0.17%0.79%-0.29%0.44%-0.61%0.62%2.03%9.02%
20181.04%0.27%0.40%0.48%0.14%0.13%0.87%0.50%0.68%-0.03%-1.04%-3.09%0.28%
20170.66%0.60%0.28%0.46%0.47%0.09%0.66%0.01%0.55%0.68%0.19%0.39%5.16%
2016-0.92%-0.57%3.94%2.50%0.92%-0.14%1.70%0.93%1.28%1.08%0.19%1.46%12.99%
20150.32%1.66%0.41%0.94%0.04%-0.53%0.13%-0.96%-0.98%0.07%-1.29%-1.36%-1.58%
20140.56%0.07%0.13%0.01%0.57%0.47%0.13%0.14%-0.78%0.21%0.50%-1.03%0.96%
20131.17%0.22%1.04%0.57%0.13%-0.69%1.19%-0.05%0.29%0.84%0.48%0.56%5.90%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of EIFAX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of EIFAX is 9898
Overall Rank
The Sharpe Ratio Rank of EIFAX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of EIFAX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of EIFAX is 9898
Omega Ratio Rank
The Calmar Ratio Rank of EIFAX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of EIFAX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for EIFAX, currently valued at 3.40, compared to the broader market-1.000.001.002.003.004.003.402.77
The chart of Sortino ratio for EIFAX, currently valued at 9.59, compared to the broader market-2.000.002.004.006.008.0010.0012.009.593.66
The chart of Omega ratio for EIFAX, currently valued at 2.99, compared to the broader market1.002.003.004.002.991.51
The chart of Calmar ratio for EIFAX, currently valued at 12.16, compared to the broader market0.005.0010.0015.0012.163.99
The chart of Martin ratio for EIFAX, currently valued at 54.66, compared to the broader market0.0020.0040.0060.0080.0054.6617.73
EIFAX
^GSPC

The current Eaton Vance Floating-Rate Advantage Fund Sharpe ratio is 3.40. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Eaton Vance Floating-Rate Advantage Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50JulyAugustSeptemberOctoberNovemberDecember
3.40
2.77
EIFAX (Eaton Vance Floating-Rate Advantage Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Eaton Vance Floating-Rate Advantage Fund provided a 8.64% dividend yield over the last twelve months, with an annual payout of $0.87 per share. The fund has been increasing its distributions for 2 consecutive years.


4.00%5.00%6.00%7.00%8.00%9.00%$0.00$0.20$0.40$0.60$0.80$1.0020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.87$0.94$0.57$0.43$0.47$0.60$0.53$0.49$0.55$0.53$0.52$0.54

Dividend yield

8.64%9.33%5.92%4.03%4.52%5.58%5.10%4.46%5.03%5.29%4.79%4.82%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.08$0.08$0.08$0.08$0.08$0.07$0.08$0.08$0.07$0.07$0.00$0.00$0.76
2023$0.07$0.07$0.07$0.07$0.07$0.08$0.08$0.08$0.07$0.08$0.08$0.11$0.94
2022$0.04$0.03$0.04$0.04$0.04$0.04$0.05$0.06$0.06$0.05$0.07$0.07$0.57
2021$0.04$0.03$0.04$0.04$0.03$0.04$0.04$0.04$0.03$0.03$0.03$0.04$0.43
2020$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.06$0.47
2019$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.60
2018$0.04$0.04$0.04$0.04$0.05$0.04$0.05$0.05$0.04$0.05$0.05$0.05$0.53
2017$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.49
2016$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.55
2015$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.53
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.05$0.52
2013$0.05$0.05$0.05$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.54

Drawdowns

Drawdowns Chart

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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember00
EIFAX (Eaton Vance Floating-Rate Advantage Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Eaton Vance Floating-Rate Advantage 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 Advantage Fund was 38.15%, occurring on Dec 17, 2008. Recovery took 191 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-38.15%Jun 20, 2008125Dec 17, 2008191Sep 22, 2009316
-24.22%Feb 3, 202035Mar 23, 2020177Dec 2, 2020212
-7.63%Jan 24, 2022113Jul 6, 2022145Feb 1, 2023258
-7.12%Jun 1, 2015181Feb 17, 201668May 24, 2016249
-6.55%Jun 3, 201160Aug 26, 201194Jan 11, 2012154

Volatility

Volatility Chart

The current Eaton Vance Floating-Rate Advantage Fund volatility is 0.25%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.25%
2.22%
EIFAX (Eaton Vance Floating-Rate Advantage Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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