EIFAX vs. FHYSX
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIFAX or FHYSX.
Key characteristics
| EIFAX | FHYSX | |
|---|---|---|
| YTD Return | 7.53% | 7.70% |
| 1Y Return | 11.18% | 14.27% |
| 3Y Return (Ann) | 6.25% | 2.76% |
| 5Y Return (Ann) | 5.67% | 4.33% |
| 10Y Return (Ann) | 5.02% | 4.87% |
| Sharpe Ratio | 3.73 | 3.58 |
| Sortino Ratio | 10.89 | 5.91 |
| Omega Ratio | 3.22 | 1.92 |
| Calmar Ratio | 13.99 | 2.81 |
| Martin Ratio | 62.93 | 24.04 |
| Ulcer Index | 0.18% | 0.54% |
| Daily Std Dev | 3.00% | 3.73% |
| Max Drawdown | -38.15% | -21.45% |
| Current Drawdown | 0.00% | -0.14% |
Correlation
The correlation between EIFAX and FHYSX is 0.53, 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. FHYSX - Performance Comparison
The year-to-date returns for both investments are quite close, with EIFAX having a 7.53% return and FHYSX slightly higher at 7.70%. Both investments have delivered pretty close results over the past 10 years, with EIFAX having a 5.02% annualized return and FHYSX not far behind at 4.87%. 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. FHYSX - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Risk-Adjusted Performance
EIFAX vs. FHYSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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. FHYSX - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 9.46%, more than FHYSX's 6.17% 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 6.17% | 6.33% | 7.06% | 5.44% | 5.73% | 6.17% | 6.61% | 6.06% | 6.31% | 7.21% | 7.60% | 8.55% |
Drawdowns
EIFAX vs. FHYSX - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -38.15%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for EIFAX and FHYSX. For additional features, visit the drawdowns tool.
Volatility
EIFAX vs. FHYSX - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.63%, while Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a volatility of 0.89%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.