EIBLX vs. ESIIX
EIBLX (Eaton Vance Floating Rate Fund) and ESIIX (Eaton Vance Strategic Income Fund Class I) are both mutual funds - EIBLX is a Bank Loan fund managed by Eaton Vance, while ESIIX is a Multisector Bonds fund actively managed by Eaton Vance. Over the past 10 years, EIBLX returned 4.69%/yr vs 5.23%/yr for ESIIX. At a 0.30 correlation, their price movements are largely independent. EIBLX charges 0.76%/yr vs 1.21%/yr for ESIIX.
Performance
EIBLX vs. ESIIX - Performance Comparison
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Returns By Period
In the year-to-date period, EIBLX achieves a 0.74% return, which is significantly lower than ESIIX's 2.48% return. Over the past 10 years, EIBLX has underperformed ESIIX with an annualized return of 4.69%, while ESIIX has yielded a comparatively higher 5.23% annualized return.
EIBLX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 0.74%
- 6M
- 1.09%
- 1Y
- 3.38%
- 3Y*
- 6.57%
- 5Y*
- 4.80%
- 10Y*
- 4.69%
ESIIX
- 1D
- 0.15%
- 1M
- 0.89%
- YTD
- 2.48%
- 6M
- 2.99%
- 1Y
- 9.72%
- 3Y*
- 8.87%
- 5Y*
- 5.49%
- 10Y*
- 5.23%
EIBLX vs. ESIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBLX Eaton Vance Floating Rate Fund | 0.74% | 3.90% | 8.14% | 12.29% | -2.34% | 4.33% | 2.38% | 7.07% | 0.81% | 4.48% |
ESIIX Eaton Vance Strategic Income Fund Class I | 2.48% | 12.46% | 6.66% | 8.52% | -2.32% | 1.59% | 7.80% | 7.65% | -2.44% | 5.16% |
Correlation
The correlation between EIBLX and ESIIX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2009 | 0.30 |
The correlation between EIBLX and ESIIX shifts across timeframes, from 0.14 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIBLX vs. ESIIX — Risk / Return Rank
EIBLX
ESIIX
EIBLX vs. ESIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating Rate Fund (EIBLX) and Eaton Vance Strategic Income Fund Class I (ESIIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EIBLX | ESIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.80 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 4.07 | -2.05 |
| Martin ratioReturn relative to average drawdown | 6.16 | 15.36 | -9.20 |
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Drawdowns
EIBLX vs. ESIIX - Drawdown Comparison
The maximum EIBLX drawdown since its inception was -32.53%, which is greater than ESIIX's maximum drawdown of -26.87%. Use the drawdown chart below to compare losses from any high point for EIBLX and ESIIX.
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Drawdown Indicators
| EIBLX | ESIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -26.87% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -2.44% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -2.46% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -6.27% | -6.18% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -18.70% | -12.25% | -6.45% |
Current DrawdownCurrent decline from peak | -0.13% | -0.29% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -4.71% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.64% | -0.09% |
Volatility
EIBLX vs. ESIIX - Volatility Comparison
The current volatility for Eaton Vance Floating Rate Fund (EIBLX) is 0.60%, while Eaton Vance Strategic Income Fund Class I (ESIIX) has a volatility of 0.96%. This indicates that EIBLX experiences smaller price fluctuations and is considered to be less risky than ESIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBLX | ESIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.96% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.59% | 2.30% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 2.86% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 3.20% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 3.17% | +0.36% |
EIBLX vs. ESIIX - Expense Ratio Comparison
EIBLX has a 0.76% expense ratio, which is lower than ESIIX's 1.21% expense ratio.
Dividends
EIBLX vs. ESIIX - Dividend Comparison
EIBLX's dividend yield for the trailing twelve months is around 7.04%, less than ESIIX's 7.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBLX Eaton Vance Floating Rate Fund | 7.04% | 7.58% | 8.29% | 8.58% | 5.02% | 3.32% | 3.68% | 5.01% | 4.46% | 3.82% | 4.14% | 4.33% |
ESIIX Eaton Vance Strategic Income Fund Class I | 7.37% | 7.01% | 7.23% | 7.19% | 5.82% | 4.57% | 4.44% | 5.29% | 4.25% | 3.95% | 4.18% | 4.59% |
Frequently Asked Questions
EIBLX and ESIIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESIIX has higher volatility (0.96%) compared to EIBLX (0.60%). In terms of maximum drawdown, EIBLX dropped -32.53% vs ESIIX's -26.87%.
ESIIX currently has the higher Sharpe Ratio (3.47 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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