EIFAX vs. AFRAX
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Invesco Floating Rate ESG Fund (AFRAX).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. AFRAX is managed by Invesco. It was launched on Apr 30, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIFAX or AFRAX.
Key characteristics
| EIFAX | AFRAX | |
|---|---|---|
| YTD Return | 7.53% | 6.10% |
| 1Y Return | 11.18% | 8.57% |
| 3Y Return (Ann) | 6.25% | 5.12% |
| 5Y Return (Ann) | 5.67% | 4.96% |
| 10Y Return (Ann) | 5.02% | 4.05% |
| Sharpe Ratio | 3.73 | 3.04 |
| Sortino Ratio | 10.89 | 8.64 |
| Omega Ratio | 3.22 | 2.75 |
| Calmar Ratio | 13.99 | 11.58 |
| Martin Ratio | 62.93 | 50.83 |
| Ulcer Index | 0.18% | 0.17% |
| Daily Std Dev | 3.00% | 2.82% |
| Max Drawdown | -38.15% | -36.01% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EIFAX and AFRAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EIFAX vs. AFRAX - Performance Comparison
In the year-to-date period, EIFAX achieves a 7.53% return, which is significantly higher than AFRAX's 6.10% return. Over the past 10 years, EIFAX has outperformed AFRAX with an annualized return of 5.02%, while AFRAX has yielded a comparatively lower 4.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EIFAX vs. AFRAX - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is lower than AFRAX's 1.04% expense ratio.
Risk-Adjusted Performance
EIFAX vs. AFRAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Invesco Floating Rate ESG Fund (AFRAX). 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
EIFAX vs. AFRAX - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 9.46%, more than AFRAX's 9.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.46% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
AFRAX Invesco Floating Rate ESG Fund | 9.17% | 8.62% | 6.89% | 3.84% | 4.13% | 5.52% | 4.59% | 4.02% | 4.43% | 5.24% | 4.40% | 4.21% |
Drawdowns
EIFAX vs. AFRAX - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -38.15%, which is greater than AFRAX's maximum drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for EIFAX and AFRAX. For additional features, visit the drawdowns tool.
Volatility
EIFAX vs. AFRAX - Volatility Comparison
Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a higher volatility of 0.63% compared to Invesco Floating Rate ESG Fund (AFRAX) at 0.49%. This indicates that EIFAX's price experiences larger fluctuations and is considered to be riskier than AFRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.