EIFAX vs. IBHE
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019.
Performance
EIFAX vs. IBHE - Performance Comparison
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EIFAX vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | -1.88% | 4.54% | 8.91% | 11.86% | -2.98% | 5.41% | 1.90% | 2.98% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 5.91% |
Returns By Period
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%
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.83%
- 1Y
- 3.24%
- 3Y*
- 6.40%
- 5Y*
- 4.09%
- 10Y*
- —
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EIFAX vs. IBHE - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than IBHE's 0.35% expense ratio.
Return for Risk
EIFAX vs. IBHE — Risk / Return Rank
EIFAX
IBHE
EIFAX vs. IBHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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 | IBHE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 2.90 | -2.08 |
Sortino ratioReturn per unit of downside risk | 1.20 | 4.09 | -2.90 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.96 | -0.71 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 5.38 | -4.16 |
Martin ratioReturn relative to average drawdown | 3.93 | 49.80 | -45.87 |
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 | IBHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.90 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.87 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.41 | +0.76 |
Correlation
The correlation between EIFAX and IBHE is 0.23, 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. IBHE - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.40%, more than IBHE's 3.14% 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% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 3.14% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EIFAX vs. IBHE - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, which is greater than IBHE's maximum drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for EIFAX and IBHE.
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Drawdown Indicators
| EIFAX | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -26.91% | -13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -0.69% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -8.51% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | — | — |
Current DrawdownCurrent decline from peak | -2.18% | 0.00% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.45% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.08% | +0.71% |
Volatility
EIFAX vs. IBHE - Volatility Comparison
Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a higher volatility of 0.85% compared to iShares iBonds 2025 Term High Yield & Income ETF (IBHE) at 0.00%. This indicates that EIFAX's price experiences larger fluctuations and is considered to be riskier than IBHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIFAX | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.00% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 0.49% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 1.33% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 4.90% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 11.67% | -7.22% |