EIFAX vs. BFRAX
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and BlackRock Floating Rate Income Fund (BFRAX).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. BFRAX is managed by BlackRock. It was launched on Nov 2, 1989.
Performance
EIFAX vs. BFRAX - Performance Comparison
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EIFAX vs. BFRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | -1.88% | 4.54% | 8.91% | 11.86% | -2.98% | 5.41% | 1.90% | 9.02% | 0.28% | 5.16% |
BFRAX BlackRock Floating Rate Income Fund | -1.16% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.10% |
Returns By Period
In the year-to-date period, EIFAX achieves a -1.88% return, which is significantly lower than BFRAX's -1.16% return. Over the past 10 years, EIFAX has outperformed BFRAX with an annualized return of 5.15%, while BFRAX has yielded a comparatively lower 4.35% annualized return.
EIFAX
- 1D
- 0.11%
- 1M
- -0.32%
- YTD
- -1.88%
- 6M
- -1.19%
- 1Y
- 2.70%
- 3Y*
- 6.43%
- 5Y*
- 4.64%
- 10Y*
- 5.15%
BFRAX
- 1D
- 0.11%
- 1M
- 0.21%
- YTD
- -1.16%
- 6M
- 0.13%
- 1Y
- 4.08%
- 3Y*
- 6.28%
- 5Y*
- 4.55%
- 10Y*
- 4.35%
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EIFAX vs. BFRAX - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is lower than BFRAX's 0.90% expense ratio.
Return for Risk
EIFAX vs. BFRAX — Risk / Return Rank
EIFAX
BFRAX
EIFAX vs. BFRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and BlackRock Floating Rate Income Fund (BFRAX). 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.
| EIFAX | BFRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.38 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.20 | 2.00 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.00 | -0.78 |
Martin ratioReturn relative to average drawdown | 3.93 | 7.22 | -3.28 |
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
| EIFAX | BFRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.38 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 1.65 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 1.11 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.36 | +0.81 |
Correlation
The correlation between EIFAX and BFRAX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EIFAX vs. BFRAX - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.40%, more than BFRAX's 6.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 7.40% | 8.09% | 8.91% | 7.02% | 5.92% | 4.03% | 4.51% | 5.58% | 5.10% | 4.46% | 5.02% | 5.29% |
BFRAX BlackRock Floating Rate Income Fund | 6.13% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
Drawdowns
EIFAX vs. BFRAX - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, smaller than the maximum BFRAX drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for EIFAX and BFRAX.
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Drawdown Indicators
| EIFAX | BFRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -44.69% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.10% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -6.43% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -20.61% | -3.61% |
Current DrawdownCurrent decline from peak | -2.18% | -1.36% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -6.82% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.61% | +0.18% |
Volatility
EIFAX vs. BFRAX - Volatility Comparison
Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a higher volatility of 0.85% compared to BlackRock Floating Rate Income Fund (BFRAX) at 0.66%. This indicates that EIFAX's price experiences larger fluctuations and is considered to be riskier than BFRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIFAX | BFRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.66% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.65% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 2.98% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 2.76% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 3.94% | +0.51% |