AFRAX vs. EIFAX
Compare and contrast key facts about Invesco Floating Rate ESG Fund (AFRAX) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
AFRAX is managed by Invesco. It was launched on Apr 30, 1997. EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFRAX or EIFAX.
Key characteristics
| AFRAX | EIFAX | |
|---|---|---|
| YTD Return | 5.95% | 7.53% |
| 1Y Return | 8.25% | 10.96% |
| 3Y Return (Ann) | 5.02% | 6.25% |
| 5Y Return (Ann) | 4.91% | 5.66% |
| 10Y Return (Ann) | 4.03% | 5.02% |
| Sharpe Ratio | 2.98 | 3.69 |
| Sortino Ratio | 8.38 | 10.79 |
| Omega Ratio | 2.67 | 3.20 |
| Calmar Ratio | 11.37 | 13.85 |
| Martin Ratio | 49.79 | 62.30 |
| Ulcer Index | 0.17% | 0.18% |
| Daily Std Dev | 2.83% | 3.00% |
| Max Drawdown | -36.01% | -38.15% |
| Current Drawdown | -0.15% | 0.00% |
Correlation
The correlation between AFRAX and EIFAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AFRAX vs. EIFAX - Performance Comparison
In the year-to-date period, AFRAX achieves a 5.95% return, which is significantly lower than EIFAX's 7.53% return. Over the past 10 years, AFRAX has underperformed EIFAX with an annualized return of 4.03%, while EIFAX has yielded a comparatively higher 5.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AFRAX vs. EIFAX - Expense Ratio Comparison
AFRAX has a 1.04% expense ratio, which is higher than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
AFRAX vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Floating Rate ESG Fund (AFRAX) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AFRAX vs. EIFAX - Dividend Comparison
AFRAX's dividend yield for the trailing twelve months is around 9.18%, less than EIFAX's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFRAX Invesco Floating Rate ESG Fund | 9.18% | 8.62% | 6.89% | 3.84% | 4.13% | 5.52% | 4.59% | 4.02% | 4.43% | 5.24% | 4.40% | 4.21% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.46% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Drawdowns
AFRAX vs. EIFAX - Drawdown Comparison
The maximum AFRAX drawdown since its inception was -36.01%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for AFRAX and EIFAX. For additional features, visit the drawdowns tool.
Volatility
AFRAX vs. EIFAX - Volatility Comparison
The current volatility for Invesco Floating Rate ESG Fund (AFRAX) is 0.52%, while Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a volatility of 0.63%. This indicates that AFRAX experiences smaller price fluctuations and is considered to be less risky than EIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.