EIBRX vs. VWEHX

Last updated Jun 24, 2026

EIBRX (Eaton Vance Income Fund of Boston Class R6) and VWEHX (Vanguard High-Yield Corporate Fund Investor Shares) are both High Yield Bonds funds. Both are actively managed. Over the past 10 years, EIBRX returned 5.59%/yr vs 5.17%/yr for VWEHX. Their correlation of 0.84 suggests significant overlap in exposure. EIBRX charges 0.62%/yr vs 0.22%/yr for VWEHX.

Performance

EIBRX vs. VWEHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Income Fund of Boston Class R6 (EIBRX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIBRX achieves a 1.17% return, which is significantly higher than VWEHX's 0.97% return. Over the past 10 years, EIBRX has outperformed VWEHX with an annualized return of 5.59%, while VWEHX has yielded a comparatively lower 5.17% 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%

VWEHX

• 1D: 0.00%
• 1M: 0.72%
• YTD: 0.97%
• 6M: 1.67%
• 1Y: 6.24%
• 3Y*: 8.38%
• 5Y*: 4.01%
• 10Y*: 5.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIBRX vs. VWEHX - 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%
VWEHX Vanguard High-Yield Corporate Fund Investor Shares	0.97%	9.38%	6.33%	11.66%	-9.04%	2.97%	5.30%	15.81%	-2.93%	7.05%

Correlation

The correlation between EIBRX and VWEHX 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 VWEHX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

EIBRX vs. VWEHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIBRX

EIBRX Risk / Return Rank: 65
EIBRX Sharpe Ratio Rank: 47
EIBRX Sortino Ratio Rank: 73
EIBRX Omega Ratio Rank: 77
EIBRX Calmar Ratio Rank: 51
EIBRX Martin Ratio Rank: 79

VWEHX

VWEHX Risk / Return Rank: 66
VWEHX Sharpe Ratio Rank: 53
VWEHX Sortino Ratio Rank: 78
VWEHX Omega Ratio Rank: 80
VWEHX Calmar Ratio Rank: 49
VWEHX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIBRX vs. VWEHX - 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 Investor Shares (VWEHX). 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	VWEHX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.98	-0.11
Sortino ratio: Return per unit of downside risk	3.25	3.40	-0.15
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.03
Calmar ratio: Return relative to maximum drawdown	2.60	2.56	+0.04
Martin ratio: Return relative to average drawdown	13.79	12.93	+0.85

EIBRX vs. VWEHX - Sharpe Ratio Comparison

The current EIBRX Sharpe Ratio is 1.87, which is comparable to the VWEHX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of EIBRX and VWEHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIBRX vs. VWEHX - Drawdown Comparison

The maximum EIBRX drawdown since its inception was -21.03%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for EIBRX and VWEHX.

Drawdown Indicators

	EIBRX	VWEHX	Difference
Max Drawdown Largest peak-to-trough decline	-21.03%	-30.17%	+9.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-2.52%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-3.48%	-3.33%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-12.27%	-13.83%	+1.56%
Max Drawdown (10Y) Largest decline over 10 years	-21.03%	-19.69%	-1.34%
Current Drawdown Current decline from peak	-0.19%	-0.18%	-0.01%
Average Drawdown Average peak-to-trough decline	-1.79%	-4.29%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	0.50%	-0.04%

Volatility

EIBRX vs. VWEHX - 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 Investor Shares (VWEHX) at 0.86%. This indicates that EIBRX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIBRX	VWEHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	0.86%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	2.60%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	3.27%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.95%	4.91%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	5.26%	+0.19%

EIBRX vs. VWEHX - Expense Ratio Comparison

EIBRX has a 0.62% expense ratio, which is higher than VWEHX's 0.22% expense ratio.

Dividends

EIBRX vs. VWEHX - Dividend Comparison

EIBRX's dividend yield for the trailing twelve months is around 6.43%, more than VWEHX's 6.27% 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%
VWEHX Vanguard High-Yield Corporate Fund Investor Shares	6.27%	6.15%	6.11%	5.68%	5.11%	3.43%	4.62%	5.24%	5.94%	5.29%	5.41%	6.42%

Frequently Asked Questions

Can I hold both EIBRX and VWEHX in my portfolio?

EIBRX and VWEHX 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.

Which is riskier, EIBRX or VWEHX?

EIBRX has higher volatility (1.01%) compared to VWEHX (0.86%). In terms of maximum drawdown, EIBRX dropped -21.03% vs VWEHX's -30.17%.

Which has better risk-adjusted returns?

VWEHX currently has the higher Sharpe Ratio (1.98 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.