EIFAX vs. SHYG
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Performance
EIFAX vs. SHYG - Performance Comparison
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EIFAX vs. SHYG - 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% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | -0.02% | 7.94% | 8.17% | 10.38% | -4.71% | 4.60% | 3.15% | 9.93% | 0.02% | 5.11% |
Returns By Period
In the year-to-date period, EIFAX achieves a -1.88% return, which is significantly lower than SHYG's -0.02% return. Both investments have delivered pretty close results over the past 10 years, with EIFAX having a 5.15% annualized return and SHYG not far ahead at 5.36%.
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%
SHYG
- 1D
- 0.15%
- 1M
- -0.32%
- YTD
- -0.02%
- 6M
- 1.12%
- 1Y
- 6.67%
- 3Y*
- 7.72%
- 5Y*
- 4.76%
- 10Y*
- 5.36%
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EIFAX vs. SHYG - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Return for Risk
EIFAX vs. SHYG — Risk / Return Rank
EIFAX
SHYG
EIFAX vs. SHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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 | SHYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.29 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.93 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.82 | -0.60 |
Martin ratioReturn relative to average drawdown | 3.93 | 10.29 | -6.36 |
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 | SHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.29 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.84 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.84 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.71 | +0.46 |
Correlation
The correlation between EIFAX and SHYG 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. SHYG - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.40%, more than SHYG's 7.09% 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% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.09% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Drawdowns
EIFAX vs. SHYG - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, which is greater than SHYG's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for EIFAX and SHYG.
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Drawdown Indicators
| EIFAX | SHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -19.26% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -3.77% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -9.39% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -19.26% | -4.96% |
Current DrawdownCurrent decline from peak | -2.18% | -0.62% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.46% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.67% | +0.12% |
Volatility
EIFAX vs. SHYG - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.85%, while iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a volatility of 1.96%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIFAX | SHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.96% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 2.46% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 5.20% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 5.71% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 6.43% | -1.98% |