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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIFAX or GHYG.
Key characteristics
| EIFAX | GHYG | |
|---|---|---|
| YTD Return | 7.43% | 6.50% |
| 1Y Return | 11.07% | 13.68% |
| 3Y Return (Ann) | 6.21% | 1.90% |
| 5Y Return (Ann) | 5.65% | 3.30% |
| 10Y Return (Ann) | 5.01% | 3.53% |
| Sharpe Ratio | 3.69 | 2.53 |
| Sortino Ratio | 10.79 | 3.82 |
| Omega Ratio | 3.20 | 1.49 |
| Calmar Ratio | 13.85 | 1.63 |
| Martin Ratio | 62.31 | 15.96 |
| Ulcer Index | 0.18% | 0.86% |
| Daily Std Dev | 3.00% | 5.43% |
| Max Drawdown | -38.15% | -27.36% |
| Current Drawdown | 0.00% | -1.15% |
Correlation
The correlation between EIFAX and GHYG is 0.28, 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. GHYG - Performance Comparison
In the year-to-date period, EIFAX achieves a 7.43% return, which is significantly higher than GHYG's 6.50% return. Over the past 10 years, EIFAX has outperformed GHYG with an annualized return of 5.01%, while GHYG has yielded a comparatively lower 3.53% annualized 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. GHYG - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than GHYG's 0.40% expense ratio.
Risk-Adjusted Performance
EIFAX vs. GHYG - Risk-Adjusted Performance 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.
Dividends
EIFAX vs. GHYG - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 9.47%, more than GHYG's 5.82% 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% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.82% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% | 5.73% | 5.52% |
Drawdowns
EIFAX vs. GHYG - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -38.15%, 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. For additional features, visit the drawdowns tool.
Volatility
EIFAX vs. GHYG - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.63%, while iShares US & Intl High Yield Corp Bond ETF (GHYG) has a volatility of 1.21%. 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.