ECHIX vs. FHYSX
Compare and contrast key facts about Eaton Vance High Income Opportunities Fund (ECHIX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
ECHIX is managed by Eaton Vance. It was launched on Jun 8, 1994. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
ECHIX vs. FHYSX - Performance Comparison
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ECHIX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECHIX Eaton Vance High Income Opportunities Fund | -1.69% | 7.33% | 6.12% | 9.85% | -8.06% | 6.43% | 3.83% | 24.14% | -4.02% | 5.54% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ECHIX having a -1.69% return and FHYSX slightly lower at -1.76%. Both investments have delivered pretty close results over the past 10 years, with ECHIX having a 5.48% annualized return and FHYSX not far behind at 5.39%.
ECHIX
- 1D
- 0.24%
- 1M
- -2.34%
- YTD
- -1.69%
- 6M
- -0.34%
- 1Y
- 5.08%
- 3Y*
- 5.86%
- 5Y*
- 3.55%
- 10Y*
- 5.48%
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
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ECHIX vs. FHYSX - Expense Ratio Comparison
ECHIX has a 1.65% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
ECHIX vs. FHYSX — Risk / Return Rank
ECHIX
FHYSX
ECHIX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Opportunities Fund (ECHIX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.
| ECHIX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.67 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.37 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.36 | -0.50 |
Martin ratioReturn relative to average drawdown | 8.49 | 9.71 | -1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECHIX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.67 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.60 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.94 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.85 | -0.05 |
Correlation
The correlation between ECHIX and FHYSX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ECHIX vs. FHYSX - Dividend Comparison
ECHIX's dividend yield for the trailing twelve months is around 5.05%, less than FHYSX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHIX Eaton Vance High Income Opportunities Fund | 5.05% | 5.37% | 4.96% | 4.11% | 4.71% | 4.18% | 4.61% | 13.45% | 4.91% | 4.51% | 4.76% | 5.51% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
ECHIX vs. FHYSX - Drawdown Comparison
The maximum ECHIX drawdown since its inception was -43.51%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for ECHIX and FHYSX.
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Drawdown Indicators
| ECHIX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -21.45% | -22.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.50% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -12.47% | -16.93% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.88% | -21.45% | -1.43% |
Current DrawdownCurrent decline from peak | -2.34% | -2.27% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -2.61% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.61% | +0.02% |
Volatility
ECHIX vs. FHYSX - Volatility Comparison
Eaton Vance High Income Opportunities Fund (ECHIX) has a higher volatility of 1.35% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.24%. This indicates that ECHIX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECHIX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.24% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 2.37% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.76% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 5.20% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.38% | 5.76% | +0.62% |