EIFAX vs. RCTIX
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and River Canyon Total Return Bond Fund (RCTIX).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIFAX or RCTIX.
Correlation
The correlation between EIFAX and RCTIX is 0.15, 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. RCTIX - Performance Comparison
Key characteristics
EIFAX:
3.19
RCTIX:
2.63
EIFAX:
9.43
RCTIX:
3.80
EIFAX:
2.88
RCTIX:
1.55
EIFAX:
11.21
RCTIX:
4.82
EIFAX:
51.43
RCTIX:
14.48
EIFAX:
0.17%
RCTIX:
0.47%
EIFAX:
2.81%
RCTIX:
2.57%
EIFAX:
-38.15%
RCTIX:
-10.89%
EIFAX:
-0.30%
RCTIX:
-1.21%
Returns By Period
In the year-to-date period, EIFAX achieves a 7.43% return, which is significantly higher than RCTIX's 6.47% return.
EIFAX
7.43%
-0.10%
3.76%
8.85%
5.24%
5.13%
RCTIX
6.47%
-0.49%
2.66%
6.66%
4.13%
N/A
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EIFAX vs. RCTIX - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is lower than RCTIX's 0.89% expense ratio.
Risk-Adjusted Performance
EIFAX vs. RCTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and River Canyon Total Return Bond Fund (RCTIX). 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. RCTIX - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 8.65%, more than RCTIX's 7.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 8.65% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
RCTIX River Canyon Total Return Bond Fund | 7.04% | 8.51% | 6.00% | 3.02% | 3.79% | 2.70% | 3.30% | 4.89% | 2.32% | 5.74% | 0.00% | 0.00% |
Drawdowns
EIFAX vs. RCTIX - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -38.15%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for EIFAX and RCTIX. For additional features, visit the drawdowns tool.
Volatility
EIFAX vs. RCTIX - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.31%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 1.11%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.