ECHIX vs. PRFRX
Compare and contrast key facts about Eaton Vance High Income Opportunities Fund (ECHIX) and T. Rowe Price Floating Rate Fund (PRFRX).
ECHIX is managed by Eaton Vance. It was launched on Jun 8, 1994. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Performance
ECHIX vs. PRFRX - Performance Comparison
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ECHIX vs. PRFRX - 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% |
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Returns By Period
In the year-to-date period, ECHIX achieves a -1.69% return, which is significantly lower than PRFRX's -0.06% return. Both investments have delivered pretty close results over the past 10 years, with ECHIX having a 5.48% annualized return and PRFRX not far ahead at 5.66%.
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%
PRFRX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- -0.06%
- 6M
- 3.35%
- 1Y
- 11.72%
- 3Y*
- 10.22%
- 5Y*
- 7.18%
- 10Y*
- 5.66%
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ECHIX vs. PRFRX - Expense Ratio Comparison
ECHIX has a 1.65% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Return for Risk
ECHIX vs. PRFRX — Risk / Return Rank
ECHIX
PRFRX
ECHIX vs. PRFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Opportunities Fund (ECHIX) and T. Rowe Price Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 3.66 | -2.07 |
Sortino ratioReturn per unit of downside risk | 2.28 | 7.34 | -5.05 |
Omega ratioGain probability vs. loss probability | 1.39 | 2.39 | -0.99 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 5.81 | -3.95 |
Martin ratioReturn relative to average drawdown | 8.49 | 28.10 | -19.60 |
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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 3.66 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 2.48 | -1.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 1.45 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.43 | -0.62 |
Correlation
The correlation between ECHIX and PRFRX is 0.56, 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.
Dividends
ECHIX vs. PRFRX - Dividend Comparison
ECHIX's dividend yield for the trailing twelve months is around 5.05%, less than PRFRX's 12.94% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 12.94% | 12.91% | 8.17% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Drawdowns
ECHIX vs. PRFRX - Drawdown Comparison
The maximum ECHIX drawdown since its inception was -43.51%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for ECHIX and PRFRX.
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Drawdown Indicators
| ECHIX | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -20.05% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.07% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -12.47% | -5.94% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -22.88% | -20.05% | -2.83% |
Current DrawdownCurrent decline from peak | -2.34% | -0.64% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -0.69% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.43% | +0.20% |
Volatility
ECHIX vs. PRFRX - Volatility Comparison
Eaton Vance High Income Opportunities Fund (ECHIX) has a higher volatility of 1.35% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.74%. This indicates that ECHIX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECHIX | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.74% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 2.18% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.34% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 2.91% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.38% | 3.92% | +2.46% |