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.
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.
Performance
EFT vs. SPY - Performance Comparison
Key characteristics
EFT:
1.43
SPY:
1.98
EFT:
1.97
SPY:
2.64
EFT:
1.27
SPY:
1.36
EFT:
2.37
SPY:
3.03
EFT:
8.56
SPY:
12.63
EFT:
1.58%
SPY:
2.02%
EFT:
9.45%
SPY:
12.89%
EFT:
-60.58%
SPY:
-55.19%
EFT:
-0.96%
SPY:
-0.86%
Returns By Period
In the year-to-date period, EFT achieves a 4.60% return, which is significantly higher than SPY's 3.15% return. Over the past 10 years, EFT has underperformed SPY with an annualized return of 7.47%, while SPY has yielded a comparatively higher 13.73% annualized return.
EFT
4.60%
1.92%
4.76%
13.49%
7.98%
7.47%
SPY
3.15%
1.60%
12.25%
24.63%
14.82%
13.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
EFT vs. SPY — Risk-Adjusted Performance Rank
EFT
SPY
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 10.06%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFT Eaton Vance Floating-Rate Income Trust | 10.06% | 10.52% | 11.09% | 9.85% | 5.26% | 5.88% | 7.41% | 6.77% | 5.73% | 6.03% | 7.17% | 6.36% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
Eaton Vance Floating-Rate Income Trust (EFT) and SPDR S&P 500 ETF (SPY) have volatilities of 4.09% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.