EIBRX vs. VWEAX
EIBRX (Eaton Vance Income Fund of Boston Class R6) and VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) are both High Yield Bonds funds. Both are actively managed. Over the past 10 years, EIBRX returned 5.59%/yr vs 5.28%/yr for VWEAX. Their correlation of 0.84 suggests significant overlap in exposure. EIBRX charges 0.62%/yr vs 0.12%/yr for VWEAX.
Performance
EIBRX vs. VWEAX - Performance Comparison
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Returns By Period
In the year-to-date period, EIBRX achieves a 1.17% return, which is significantly higher than VWEAX's 1.01% return. Over the past 10 years, EIBRX has outperformed VWEAX with an annualized return of 5.59%, while VWEAX has yielded a comparatively lower 5.28% annualized return.
EIBRX
- 1D
- 0.00%
- 1M
- 0.93%
- YTD
- 1.17%
- 6M
- 1.91%
- 1Y
- 6.19%
- 3Y*
- 8.35%
- 5Y*
- 4.65%
- 10Y*
- 5.59%
VWEAX
- 1D
- 0.00%
- 1M
- 0.72%
- YTD
- 1.01%
- 6M
- 1.72%
- 1Y
- 6.34%
- 3Y*
- 8.49%
- 5Y*
- 4.12%
- 10Y*
- 5.28%
EIBRX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIBRX Eaton Vance Income Fund of Boston Class R6 | 1.17% | 8.58% | 7.48% | 12.24% | -7.81% | 5.91% | 5.20% | 13.70% | -2.39% | 6.38% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 1.01% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Correlation
The correlation between EIBRX and VWEAX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.84 |
The correlation between EIBRX and VWEAX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
EIBRX vs. VWEAX — Risk / Return Rank
EIBRX
VWEAX
EIBRX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Fund of Boston Class R6 (EIBRX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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.
| EIBRX | VWEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.49 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.60 | 0.00 |
| Martin ratioReturn relative to average drawdown | 13.79 | 13.17 | +0.61 |
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Drawdowns
EIBRX vs. VWEAX - Drawdown Comparison
The maximum EIBRX drawdown since its inception was -21.03%, smaller than the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for EIBRX and VWEAX.
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Drawdown Indicators
| EIBRX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.03% | -30.05% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.52% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -3.32% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.27% | -13.77% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.03% | -19.68% | -1.35% |
Current DrawdownCurrent decline from peak | -0.19% | -0.18% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -2.12% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.50% | -0.04% |
Volatility
EIBRX vs. VWEAX - Volatility Comparison
Eaton Vance Income Fund of Boston Class R6 (EIBRX) has a higher volatility of 1.01% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.87%. This indicates that EIBRX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBRX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.87% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.62% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 3.29% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 4.92% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 5.27% | +0.18% |
EIBRX vs. VWEAX - Expense Ratio Comparison
EIBRX has a 0.62% expense ratio, which is higher than VWEAX's 0.12% expense ratio.
Dividends
EIBRX vs. VWEAX - Dividend Comparison
EIBRX's dividend yield for the trailing twelve months is around 6.43%, which matches VWEAX's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBRX Eaton Vance Income Fund of Boston Class R6 | 6.43% | 6.25% | 6.21% | 5.93% | 6.04% | 5.36% | 6.03% | 5.97% | 6.42% | 5.87% | 6.18% | 6.90% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.37% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Frequently Asked Questions
EIBRX and VWEAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIBRX has higher volatility (1.01%) compared to VWEAX (0.87%). In terms of maximum drawdown, EIBRX dropped -21.03% vs VWEAX's -30.05%.
VWEAX currently has the higher Sharpe Ratio (2.00 vs 1.87), 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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