Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX) 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 EVFAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVFAX
EVFAX charges 0.94% annually. There are 36 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 | EVFAX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | EVFAX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | EVFAX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | EVFAX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | EVFAX vs LFRIX |
Best Risk-Adjusted Alternatives to EVFAX
EVFAX has a PortfoliosLab risk / return rank of 37. There are 50 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | EVFAX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | EVFAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | EVFAX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | EVFAX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 98 | — | Feb 2006 | EVFAX vs SAMBX |
Top Performing EVFAX Alternatives (YTD)
EVFAX is at 0.38% YTD. There are 52 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 3.95% | — | Jan 2017 | EVFAX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 3.28% | — | Jun 2019 | EVFAX vs CCLFX | |
| BlackRock Floating Rate Income Trust | 3.20% | — | Aug 2004 | EVFAX vs BGT | |
| Calamos Aksia Alternative Credit and Income Fund C... | 3.16% | — | Jun 2023 | EVFAX vs CAPIX | |
| Victory Floating Rate Fund | 2.96% | — | Dec 2009 | EVFAX vs RSFYX |
Lowest Volatility Alternatives to EVFAX
EVFAX has 2.47% 1-year volatility. There are 34 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 | EVFAX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | EVFAX vs CCLFX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | EVFAX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | EVFAX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.69% | — | Dec 2017 | EVFAX vs FLOTX |
Lowest Drawdown Alternatives to EVFAX
EVFAX has a 1-year max drawdown of -2.33%. There are 51 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 | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | EVFAX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | EVFAX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | EVFAX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | EVFAX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | EVFAX 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.
Often Compared With EVFAX
Investors most often compare EVFAX with EEIAX, DAFRX, CFOIX. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Local Income Fund | Emerging Markets Bonds | 78 | 4.98% | — | Jun 2007 | EVFAX vs EEIAX | |
| Dunham Floating Rate Bond Fund | Bank Loan | 76 | 2.36% | — | Oct 2013 | EVFAX vs DAFRX | |
| Calvert Floating-Rate Advantage Fund | Bank Loan | — | — | — | Oct 2017 | EVFAX vs CFOIX | |
| Eaton Vance Large-Cap Value Fund | Large Cap Value Equities | 87 | 17.25% | — | Sep 1931 | EVFAX vs EHSTX | |
| Eaton Vance Floating-Rate ETF | Bank Loan | 76 | 1.55% | 1.40B | Feb 2024 | EVFAX vs EVLN | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 1.97% | — | Jun 2003 | EVFAX vs JQC | |
| Credit Suisse Floating Rate High Income Fund | Bank Loan | 60 | 2.19% | — | Mar 1999 | EVFAX vs CHIAX | |
| Transamerica Floating Rate Fund | Bank Loan | 89 | 1.77% | — | Oct 2013 | EVFAX vs TFLIX | |
| Delaware Floating Rate Fund | Bank Loan | 96 | 2.18% | — | Feb 2010 | EVFAX vs DDFLX |
Compare EVFAX with Any Fund or Stock
Compare EVFAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVFAX with funds that move differently
Eaton Vance Floating-Rate Advantage Fund Class Advisers alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVFAX.
Explore EVFAX Diversifiers