EFT vs. SPY
Compare and contrast key facts about Eaton Vance Floating-Rate Income Trust (EFT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFT or SPY.
Performance
EFT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, EFT achieves a 15.85% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, EFT has underperformed SPY with an annualized return of 6.79%, while SPY has yielded a comparatively higher 13.14% annualized return.
EFT
15.85%
3.01%
4.58%
23.02%
8.85%
6.79%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| EFT | SPY | |
|---|---|---|
| Sharpe Ratio | 2.29 | 2.69 |
| Sortino Ratio | 3.25 | 3.59 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 3.58 | 3.88 |
| Martin Ratio | 14.89 | 17.47 |
| Ulcer Index | 1.55% | 1.87% |
| Daily Std Dev | 10.04% | 12.14% |
| Max Drawdown | -60.58% | -55.19% |
| Current Drawdown | 0.00% | -0.54% |
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Correlation
The correlation between EFT and SPY is 0.33, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Income Trust (EFT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
EFT's dividend yield for the trailing twelve months is around 10.64%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFT Eaton Vance Floating-Rate Income Trust | 10.64% | 11.09% | 9.14% | 5.26% | 5.40% | 7.41% | 6.77% | 5.26% | 5.54% | 7.17% | 5.82% | 6.62% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EFT vs. SPY - Drawdown Comparison
The maximum EFT drawdown since its inception was -60.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EFT and SPY. For additional features, visit the drawdowns tool.
Volatility
EFT vs. SPY - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Income Trust (EFT) is 2.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that EFT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.