EFT vs. QUAL
Compare and contrast key facts about Eaton Vance Floating-Rate Income Trust (EFT) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFT or QUAL.
Performance
EFT vs. QUAL - Performance Comparison
Returns By Period
In the year-to-date period, EFT achieves a 15.57% return, which is significantly lower than QUAL's 23.51% return. Over the past 10 years, EFT has underperformed QUAL with an annualized return of 6.73%, while QUAL has yielded a comparatively higher 13.07% annualized return.
EFT
15.57%
3.93%
3.16%
22.56%
8.87%
6.73%
QUAL
23.51%
-1.11%
9.06%
29.35%
14.88%
13.07%
Key characteristics
| EFT | QUAL | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.41 |
| Sortino Ratio | 3.13 | 3.33 |
| Omega Ratio | 1.44 | 1.44 |
| Calmar Ratio | 3.11 | 3.98 |
| Martin Ratio | 14.34 | 15.10 |
| Ulcer Index | 1.55% | 2.01% |
| Daily Std Dev | 10.05% | 12.60% |
| Max Drawdown | -60.68% | -34.06% |
| Current Drawdown | 0.00% | -2.18% |
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Correlation
The correlation between EFT and QUAL is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
EFT vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Income Trust (EFT) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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
EFT vs. QUAL - Dividend Comparison
EFT's dividend yield for the trailing twelve months is around 10.69%, more than QUAL's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFT Eaton Vance Floating-Rate Income Trust | 9.82% | 11.09% | 9.14% | 5.26% | 5.40% | 7.41% | 6.77% | 5.26% | 5.54% | 7.17% | 5.82% | 6.62% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.00% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
EFT vs. QUAL - Drawdown Comparison
The maximum EFT drawdown since its inception was -60.68%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for EFT and QUAL. For additional features, visit the drawdowns tool.
Volatility
EFT vs. QUAL - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Income Trust (EFT) is 2.20%, while iShares Edge MSCI USA Quality Factor ETF (QUAL) has a volatility of 3.79%. This indicates that EFT experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.