EIFAX vs. HYHG
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and ProShares High Yield-Interest Rate Hedged (HYHG).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. HYHG is a passively managed fund by ProShares that tracks the performance of the Citi High Yield (Treasury Rate-Hedged) Index. It was launched on May 21, 2013.
Performance
EIFAX vs. HYHG - Performance Comparison
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EIFAX vs. HYHG - 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% |
HYHG ProShares High Yield-Interest Rate Hedged | 0.76% | 5.31% | 11.41% | 14.69% | -1.71% | 5.75% | 0.16% | 12.02% | -1.95% | 3.76% |
Returns By Period
In the year-to-date period, EIFAX achieves a -1.88% return, which is significantly lower than HYHG's 0.76% return. Over the past 10 years, EIFAX has underperformed HYHG with an annualized return of 5.15%, while HYHG has yielded a comparatively higher 6.25% 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%
HYHG
- 1D
- 0.75%
- 1M
- 0.37%
- YTD
- 0.76%
- 6M
- 2.21%
- 1Y
- 7.49%
- 3Y*
- 9.53%
- 5Y*
- 6.54%
- 10Y*
- 6.25%
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EIFAX vs. HYHG - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Return for Risk
EIFAX vs. HYHG — Risk / Return Rank
EIFAX
HYHG
EIFAX vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and ProShares High Yield-Interest Rate Hedged (HYHG). 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 | HYHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.93 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.40 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.74 | -0.52 |
Martin ratioReturn relative to average drawdown | 3.93 | 8.32 | -4.38 |
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 | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.93 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.81 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.68 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.45 | +0.72 |
Correlation
The correlation between EIFAX and HYHG 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.
Dividends
EIFAX vs. HYHG - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.40%, more than HYHG's 6.92% 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% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.92% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
Drawdowns
EIFAX vs. HYHG - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, which is greater than HYHG's maximum drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for EIFAX and HYHG.
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Drawdown Indicators
| EIFAX | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -25.71% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -4.25% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -9.21% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -25.71% | +1.49% |
Current DrawdownCurrent decline from peak | -2.18% | -0.57% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.08% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.89% | -0.10% |
Volatility
EIFAX vs. HYHG - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.85%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 2.37%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than HYHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIFAX | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.37% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 4.49% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 8.09% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 8.12% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 9.20% | -4.75% |