EIFAX vs. WFHY
Compare and contrast key facts about Eaton Vance Floating-Rate Advantage Fund (EIFAX) and WisdomTree U.S. High Yield Corporate Bond Fund (WFHY).
EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008. WFHY is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index. It was launched on Apr 27, 2016.
Performance
EIFAX vs. WFHY - Performance Comparison
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EIFAX vs. WFHY - 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% |
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | -0.34% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
Returns By Period
In the year-to-date period, EIFAX achieves a -1.88% return, which is significantly lower than WFHY's -0.34% 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%
WFHY
- 1D
- 0.09%
- 1M
- -1.04%
- YTD
- -0.34%
- 6M
- 0.83%
- 1Y
- 7.33%
- 3Y*
- 7.25%
- 5Y*
- 3.13%
- 10Y*
- —
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EIFAX vs. WFHY - Expense Ratio Comparison
EIFAX has a 0.47% expense ratio, which is higher than WFHY's 0.38% expense ratio.
Return for Risk
EIFAX vs. WFHY — Risk / Return Rank
EIFAX
WFHY
EIFAX vs. WFHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund (EIFAX) and WisdomTree U.S. High Yield Corporate Bond Fund (WFHY). 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 | WFHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.30 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.88 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.89 | -0.67 |
Martin ratioReturn relative to average drawdown | 3.93 | 8.98 | -5.04 |
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 | WFHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.30 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 0.42 | +1.09 |
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 | 0.60 | +0.57 |
Correlation
The correlation between EIFAX and WFHY is 0.29, 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. WFHY - Dividend Comparison
EIFAX's dividend yield for the trailing twelve months is around 7.40%, more than WFHY's 6.34% 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% |
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 6.34% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
Drawdowns
EIFAX vs. WFHY - Drawdown Comparison
The maximum EIFAX drawdown since its inception was -40.28%, which is greater than WFHY's maximum drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for EIFAX and WFHY.
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Drawdown Indicators
| EIFAX | WFHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -22.74% | -17.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -4.02% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -16.21% | +8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | — | — |
Current DrawdownCurrent decline from peak | -2.18% | -1.43% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -2.79% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.85% | -0.06% |
Volatility
EIFAX vs. WFHY - Volatility Comparison
The current volatility for Eaton Vance Floating-Rate Advantage Fund (EIFAX) is 0.85%, while WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) has a volatility of 2.09%. This indicates that EIFAX experiences smaller price fluctuations and is considered to be less risky than WFHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIFAX | WFHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.09% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 2.78% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 5.67% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 7.55% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 8.22% | -3.77% |