EIFAX Alternatives & Similar Mutual Funds

Eaton Vance Floating-Rate Advantage Fund (EIFAX) 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 EIFAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EIFAX

EIFAX charges 0.47% annually. There is 1 mutual fund in the Bank Loan category with a lower expense ratio, going as low as 0.41%.

Symbol	Name	Expense Ratio	AUM	Inception
XPTFX	Federated Hermes Project and Trade Finance Tender ...	0.41%	—	Jan 2017	EIFAX vs XPTFX
SFHIX	Shenkman Capital Floating Rate High Income Fund	0.54%	—	Oct 2014	EIFAX vs SFHIX
RPIFX	T. Rowe Price Institutional Floating Rate Fund	0.57%	—	Jan 2008	EIFAX vs RPIFX
LFRIX	Lord Abbett Floating Rate Fund	0.60%	—	Dec 2007	EIFAX vs LFRIX
TFAIX	T. Rowe Price Floating Rate Fund Class I	0.63%	—	Nov 2016	EIFAX vs TFAIX

Best Risk-Adjusted Alternatives to EIFAX

EIFAX has a PortfoliosLab risk / return rank of 35. There are 45 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
RCRIX	RiverPark Floating Rate CMBS Fund	100	—	Sep 2016	EIFAX vs RCRIX
CAPIX	Calamos Aksia Alternative Credit and Income Fund C...	98	—	Jun 2023	EIFAX vs CAPIX
PYFRX	Payden Floating Rate Fund	98	—	Nov 2013	EIFAX vs PYFRX
SAMBX	Virtus Seix Floating Rate High Income Fund	97	—	Feb 2006	EIFAX vs SAMBX
DDFLX	Delaware Floating Rate Fund	95	—	Feb 2010	EIFAX vs DDFLX

Top Performing EIFAX Alternatives (YTD)

EIFAX is at 0.69% YTD. There are 45 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.35%.

Symbol	Name	YTD Return	AUM	Inception
RSFYX	Victory Floating Rate Fund	3.35%	—	Dec 2009	EIFAX vs RSFYX
XPTFX	Federated Hermes Project and Trade Finance Tender ...	2.83%	—	Jan 2017	EIFAX vs XPTFX
SAMBX	Virtus Seix Floating Rate High Income Fund	2.69%	—	Feb 2006	EIFAX vs SAMBX
FRFZX	PGIM Floating Rate Income Fund	2.29%	—	Mar 2011	EIFAX vs FRFZX
CAPIX	Calamos Aksia Alternative Credit and Income Fund C...	2.09%	—	Jun 2023	EIFAX vs CAPIX

Lowest Volatility Alternatives to EIFAX

EIFAX has 2.58% 1-year volatility. There are 40 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.

Symbol	Name	Volatility 1Y	AUM	Inception
RCRIX	RiverPark Floating Rate CMBS Fund	0.77%	—	Sep 2016	EIFAX vs RCRIX
PYFRX	Payden Floating Rate Fund	1.23%	—	Nov 2013	EIFAX vs PYFRX
DFLYX	BNY Mellon Floating Rate Income Fund	1.34%	—	Sep 2013	EIFAX vs DFLYX
SFHIX	Shenkman Capital Floating Rate High Income Fund	1.66%	—	Oct 2014	EIFAX vs SFHIX
FLOTX	Donoghue Forlines Risk Managed Income Fund	1.67%	—	Dec 2017	EIFAX vs FLOTX

Lowest Drawdown Alternatives to EIFAX

EIFAX has a 1-year max drawdown of -2.29%. There are 48 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
RCRIX	RiverPark Floating Rate CMBS Fund	-0.19%	—	Sep 2016	EIFAX vs RCRIX
SAMBX	Virtus Seix Floating Rate High Income Fund	-0.78%	—	Feb 2006	EIFAX vs SAMBX
FRFZX	PGIM Floating Rate Income Fund	-0.85%	—	Mar 2011	EIFAX vs FRFZX
CFOIX	Calvert Floating-Rate Advantage Fund	-0.88%	—	Oct 2017	EIFAX vs CFOIX
PSFIX	Virtus Newfleet Senior Floating Rate Fund	-0.88%	—	Jan 2008	EIFAX vs PSFIX

Other Mutual Funds from Eaton Vance

The 10 most viewed Eaton Vance mutual funds shown here include ETG, EGRIX, EXG and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	27	4.45%	—	Jan 2004	EIFAX vs ETG
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	97	6.50%	—	Aug 2010	EIFAX vs EGRIX
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	26	3.99%	—	Feb 2007	EIFAX vs EXG
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	86	1.46%	—	Oct 2011	EIFAX vs EIAMX
ETY	Eaton Vance Tax Managed Diversified Equity Income ...	Large Cap Growth Equities	6	-0.16%	—	Nov 2006	EIFAX vs ETY
EIMAX	Eaton Vance Massachusetts Municipal Income Fund	Municipal Bonds	64	1.50%	—	Jun 1993	EIFAX vs EIMAX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.53%	—	Feb 2013	EIFAX vs EELDX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.18%	—	Apr 2009	EIFAX vs ESIIX
EIRAX	Eaton Vance Richard Bernstein All Asset Strategy F...	Tactical Allocation	49	7.56%	—	Sep 2011	EIFAX vs EIRAX
EHSTX	Eaton Vance Large-Cap Value Fund	Large Cap Value Equities	52	11.53%	—	Sep 1931	EIFAX vs EHSTX

Often Compared With EIFAX

Investors most often compare EIFAX with AFRAX, GHYG, BSJO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AFRAX	Invesco Floating Rate ESG Fund	Bank Loan	48	0.42%	—	Apr 1997	EIFAX vs AFRAX
GHYG	iShares US & Intl High Yield Corp Bond ETF	High Yield Bonds	39	0.78%	200.50M	Apr 2012	EIFAX vs GHYG
BSJO	Invesco BulletShares 2024 High Yield Corporate Bon...	High Yield Bonds	—	—	437.22M	Sep 2016	EIFAX vs BSJO
HYHG	ProShares High Yield-Interest Rate Hedged	High Yield Bonds	52	3.36%	173.54M	May 2013	EIFAX vs HYHG
RCTIX	River Canyon Total Return Bond Fund	Short-Term Bond	73	0.71%	—	Dec 2014	EIFAX vs RCTIX
FHYSX	Federated Hermes High-Yield Strategy Portfolio	High Yield Bonds	74	1.36%	—	Dec 2008	EIFAX vs FHYSX
IBHE	iShares iBonds 2025 Term High Yield & Income ETF	High Yield Bonds	97	0.00%	364.90M	May 2019	EIFAX vs IBHE
HYLS	First Trust Tactical High Yield ETF	High Yield Bonds	47	0.45%	1.65B	Feb 2013	EIFAX vs HYLS
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	High Yield Bonds	81	1.20%	849.28M	Sep 2019	EIFAX vs BSJR
THY	Agility Shares Dynamic Tactical Income ETF	High Yield Bonds	48	0.71%	62.49M	Jun 2020	EIFAX vs THY
HYUP	Xtrackers High Beta High Yield Bond ETF	High Yield Bonds	59	1.98%	43.94M	Jan 2018	EIFAX vs HYUP
FFRAX	Fidelity Advisor Floating Rate High Income Fund Cl...	High Yield Bonds	91	1.93%	—	Aug 2000	EIFAX vs FFRAX
BFRAX	BlackRock Floating Rate Income Fund	Bank Loan	64	0.75%	—	Nov 1989	EIFAX vs BFRAX
KHYAX	DWS High Income Fund	High Yield Bonds	80	1.45%	—	Jan 1978	EIFAX vs KHYAX
HYDW	Xtrackers Low Beta High Yield Bond ETF	High Yield Bonds	64	1.07%	65.61M	Jan 2018	EIFAX vs HYDW
RIGS	RiverFront Strategic Income Fund	High Yield Bonds	18	1.03%	94.69M	Oct 2013	EIFAX vs RIGS
WFHY	WisdomTree U.S. High Yield Corporate Bond Fund	High Yield Bonds	63	1.54%	—	Apr 2016	EIFAX vs WFHY
NUHY	Nuveen ESG High Yield Corporate Bond ETF	High Yield Bonds	57	1.61%	108.05M	Sep 2019	EIFAX vs NUHY
PTUIX	PIMCO Total Return Fund IV	Intermediate Core Bond	26	0.37%	—	May 2011	EIFAX vs PTUIX
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	High Yield Bonds	95	0.85%	1.03B	Aug 2018	EIFAX vs BSJQ

Compare EIFAX with Any Fund or Stock

Compare EIFAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EIFAX with funds that move differently

Eaton Vance Floating-Rate Advantage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EIFAX.

Explore EIFAX Diversifiers

Eaton Vance Floating-Rate Advantage Fund (EIFAX) Alternatives