EIFAX vs. GHYG
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and iShares US & Intl High Yield Corp Bond ETF (GHYG).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012.
Performance
EIFAX vs. GHYG - Performance Comparison
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EIFAX vs. GHYG - 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% |
GHYG iShares US & Intl High Yield Corp Bond ETF | -0.81% | 11.28% | 5.85% | 13.29% | -12.15% | 1.62% | 6.68% | 13.47% | -3.79% | 8.97% |
Returns By Period
In the year-to-date period, EIFAX achieves a -1.88% return, which is significantly lower than GHYG's -0.81% return. Both investments have delivered pretty close results over the past 10 years, with EIFAX having a 5.15% annualized return and GHYG not far behind at 5.06%.
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%
GHYG
- 1D
- 0.45%
- 1M
- -0.78%
- YTD
- -0.81%
- 6M
- 0.26%
- 1Y
- 7.81%
- 3Y*
- 8.25%
- 5Y*
- 3.36%
- 10Y*
- 5.06%
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EIFAX vs. GHYG - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than GHYG's 0.40% expense ratio.
Return for Risk
EIFAX vs. GHYG — Risk / Return Rank
EIFAX
GHYG
EIFAX vs. GHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and iShares US & Intl High Yield Corp Bond ETF (GHYG). 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 | GHYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.41 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.20 | 2.12 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.11 | -0.89 |
Martin ratioReturn relative to average drawdown | 3.93 | 8.04 | -4.11 |
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 | GHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.41 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.44 | +1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.58 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.54 | +0.63 |
Correlation
The correlation between EIFAX and GHYG is 0.27, 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.
Dividends
EIFAX vs. GHYG - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.40%, more than GHYG's 6.24% 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% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 6.24% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
Drawdowns
EIFAX vs. GHYG - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, which is greater than GHYG's maximum drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for EIFAX and GHYG.
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Drawdown Indicators
| EIFAX | GHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -27.36% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -3.84% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -20.44% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -27.36% | +3.14% |
Current DrawdownCurrent decline from peak | -2.18% | -2.15% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.38% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.01% | -0.22% |
Volatility
EIFAX vs. GHYG - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.85%, while iShares US & Intl High Yield Corp Bond ETF (GHYG) has a volatility of 2.51%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than GHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIFAX | GHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.51% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 3.46% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 5.57% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 7.74% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 8.78% | -4.33% |