EIDOX vs. FFRHX
EIDOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class I) and FFRHX (Fidelity Floating Rate High Income Fund) are both mutual funds - EIDOX is a Emerging Markets Bonds fund tracking the J.P. Morgan EMB (JEMB) Hard Currency / Local Currency 50-50 Index, while FFRHX is a Bank Loan fund actively managed by Fidelity. EIDOX is passively managed, while FFRHX is actively managed. Over the past 10 years, EIDOX returned 7.89%/yr vs 4.94%/yr for FFRHX. At a 0.36 correlation, their price movements are largely independent. EIDOX charges 0.79%/yr vs 0.67%/yr for FFRHX.
Performance
EIDOX vs. FFRHX - Performance Comparison
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Returns By Period
In the year-to-date period, EIDOX achieves a 6.75% return, which is significantly higher than FFRHX's 1.94% return. Over the past 10 years, EIDOX has outperformed FFRHX with an annualized return of 7.89%, while FFRHX has yielded a comparatively lower 4.94% annualized return.
EIDOX
- 1D
- 0.12%
- 1M
- 0.54%
- YTD
- 6.75%
- 6M
- 7.98%
- 1Y
- 18.59%
- 3Y*
- 14.96%
- 5Y*
- 8.01%
- 10Y*
- 7.89%
FFRHX
- 1D
- -0.11%
- 1M
- 0.56%
- YTD
- 1.94%
- 6M
- 2.35%
- 1Y
- 6.01%
- 3Y*
- 7.56%
- 5Y*
- 5.44%
- 10Y*
- 4.94%
EIDOX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 6.75% | 15.59% | 14.78% | 11.40% | -6.25% | 1.52% | 7.39% | 18.25% | -4.28% | 12.97% |
FFRHX Fidelity Floating Rate High Income Fund | 1.94% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Correlation
The correlation between EIDOX and FFRHX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.36 |
The correlation between EIDOX and FFRHX shifts across timeframes, from 0.24 (3 years) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIDOX vs. FFRHX — Risk / Return Rank
EIDOX
FFRHX
EIDOX vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) and Fidelity Floating Rate High Income Fund (FFRHX). 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.
| EIDOX | FFRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 2.54 | 1.92 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 5.07 | +0.26 |
| Martin ratioReturn relative to average drawdown | 21.59 | 17.91 | +3.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EIDOX | FFRHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.61 | 2.56 | +3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 1.90 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.67 | 1.20 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | 1.15 | +0.58 |
Drawdowns
EIDOX vs. FFRHX - Drawdown Comparison
The maximum EIDOX drawdown since its inception was -19.06%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for EIDOX and FFRHX.
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Drawdown Indicators
| EIDOX | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.06% | -22.20% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -1.19% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -3.29% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.42% | -5.90% | -11.52% |
Max Drawdown (10Y)Largest decline over 10 years | -19.06% | -22.20% | +3.14% |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -1.15% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.34% | +0.54% |
Volatility
EIDOX vs. FFRHX - Volatility Comparison
Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) has a higher volatility of 0.68% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that EIDOX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIDOX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.62% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 1.62% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 2.36% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 2.88% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.14% | +0.60% |
EIDOX vs. FFRHX - Expense Ratio Comparison
EIDOX has a 0.79% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Dividends
EIDOX vs. FFRHX - Dividend Comparison
EIDOX's dividend yield for the trailing twelve months is around 10.71%, more than FFRHX's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 10.71% | 9.41% | 8.52% | 8.97% | 9.13% | 7.82% | 7.66% | 7.81% | 8.10% | 7.85% | 4.10% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 7.08% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
Frequently Asked Questions
EIDOX and FFRHX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIDOX has higher volatility (0.68%) compared to FFRHX (0.62%). In terms of maximum drawdown, EIDOX dropped -19.06% vs FFRHX's -22.20%.
EIDOX currently has the higher Sharpe Ratio (5.61 vs 2.56), 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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