EIFAX vs. BSJR
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. BSJR is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. It was launched on Sep 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIFAX or BSJR.
Key characteristics
| EIFAX | BSJR | |
|---|---|---|
| YTD Return | 7.43% | 6.95% |
| 1Y Return | 11.07% | 11.68% |
| 3Y Return (Ann) | 6.21% | 2.04% |
| 5Y Return (Ann) | 5.65% | 3.48% |
| Sharpe Ratio | 3.69 | 3.09 |
| Sortino Ratio | 10.79 | 5.13 |
| Omega Ratio | 3.20 | 1.62 |
| Calmar Ratio | 13.85 | 2.10 |
| Martin Ratio | 62.31 | 26.02 |
| Ulcer Index | 0.18% | 0.44% |
| Daily Std Dev | 3.00% | 3.73% |
| Max Drawdown | -38.15% | -22.58% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EIFAX and BSJR is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EIFAX vs. BSJR - Performance Comparison
In the year-to-date period, EIFAX achieves a 7.43% return, which is significantly higher than BSJR's 6.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EIFAX vs. BSJR - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than BSJR's 0.42% expense ratio.
Risk-Adjusted Performance
EIFAX vs. BSJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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. BSJR - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 9.47%, more than BSJR's 6.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.47% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 6.68% | 6.49% | 5.38% | 4.50% | 4.53% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EIFAX vs. BSJR - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -38.15%, which is greater than BSJR's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for EIFAX and BSJR. For additional features, visit the drawdowns tool.
Volatility
EIFAX vs. BSJR - Volatility Comparison
Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) have volatilities of 0.63% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.