EIFAX vs. RIGS
EIFAX (Eaton Vance Floating-Rate Advantage Fund) and RIGS (RiverFront Strategic Income Fund) are both funds - EIFAX is a Bank Loan fund managed by Eaton Vance, while RIGS is a High Yield Bonds fund actively managed by SS&C. Over the past 10 years, EIFAX returned 5.05%/yr vs 3.15%/yr for RIGS. At a 0.17 correlation, their price movements are largely independent. EIFAX charges 0.47%/yr vs 0.48%/yr for RIGS.
Performance
EIFAX vs. RIGS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EIFAX achieves a 0.69% return, which is significantly lower than RIGS's 0.76% return. Over the past 10 years, EIFAX has outperformed RIGS with an annualized return of 5.05%, while RIGS has yielded a comparatively lower 3.15% annualized return.
EIFAX
- 1D
- 0.00%
- 1M
- 0.59%
- YTD
- 0.69%
- 6M
- 0.86%
- 1Y
- 3.71%
- 3Y*
- 7.26%
- 5Y*
- 4.94%
- 10Y*
- 5.05%
RIGS
- 1D
- -0.27%
- 1M
- 0.07%
- YTD
- 0.76%
- 6M
- 0.41%
- 1Y
- 3.91%
- 3Y*
- 4.62%
- 5Y*
- 2.13%
- 10Y*
- 3.15%
EIFAX vs. RIGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 0.69% | 4.54% | 8.91% | 11.86% | -2.98% | 5.41% | 1.90% | 9.02% | 0.28% | 5.16% |
RIGS RiverFront Strategic Income Fund | 0.76% | 4.63% | 4.45% | 6.07% | -5.72% | 1.93% | 3.58% | 7.60% | -0.11% | 4.48% |
Correlation
The correlation between EIFAX and RIGS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EIFAX vs. RIGS — Risk / Return Rank
EIFAX
RIGS
EIFAX vs. RIGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and RiverFront Strategic Income Fund (RIGS). 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 | RIGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.09 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.86 | +0.77 |
| Martin ratioReturn relative to average drawdown | 4.92 | 2.06 | +2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EIFAX | RIGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.42 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.58 | 0.29 | +1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.41 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.45 | +0.74 |
Drawdowns
EIFAX vs. RIGS - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, which is greater than RIGS's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for EIFAX and RIGS.
Loading charts...
Drawdown Indicators
| EIFAX | RIGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -15.31% | -24.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -4.55% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.43% | -5.18% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -9.03% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -15.31% | -8.91% |
Current DrawdownCurrent decline from peak | 0.00% | -1.68% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -1.60% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.90% | -1.14% |
Volatility
EIFAX vs. RIGS - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.64%, while RiverFront Strategic Income Fund (RIGS) has a volatility of 1.32%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than RIGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EIFAX | RIGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.32% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 4.74% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 9.33% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 7.50% | -4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 7.75% | -3.29% |
EIFAX vs. RIGS - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is lower than RIGS's 0.48% expense ratio.
Dividends
EIFAX vs. RIGS - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.61%, more than RIGS's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 7.61% | 8.09% | 8.91% | 7.02% | 5.92% | 4.03% | 4.51% | 5.58% | 5.10% | 4.46% | 5.02% | 5.29% |
RIGS RiverFront Strategic Income Fund | 4.88% | 4.84% | 4.49% | 3.48% | 2.71% | 2.47% | 3.77% | 3.87% | 4.54% | 4.45% | 4.46% | 3.61% |
Frequently Asked Questions
EIFAX and RIGS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIGS has higher volatility (1.32%) compared to EIFAX (0.64%). In terms of maximum drawdown, EIFAX dropped -40.28% vs RIGS's -15.31%.
EIFAX currently has the higher Sharpe Ratio (1.45 vs 0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for EIFAX and RIGS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer