ESIIX vs. EIBLX
ESIIX (Eaton Vance Strategic Income Fund Class I) and EIBLX (Eaton Vance Floating Rate Fund) are both mutual funds - ESIIX is a Multisector Bonds fund actively managed by Eaton Vance, while EIBLX is a Bank Loan fund managed by Eaton Vance. Over the past 10 years, ESIIX returned 5.09%/yr vs 4.54%/yr for EIBLX. Their 0.30 correlation means their historical movements had little consistent relationship. ESIIX charges 1.21%/yr vs 0.76%/yr for EIBLX.
Performance
ESIIX vs. EIBLX - Performance Comparison
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Returns By Period
In the year-to-date period, ESIIX achieves a 2.48% return, which is significantly higher than EIBLX's 0.73% return. Over the past 10 years, ESIIX has outperformed EIBLX with an annualized return of 5.09%, while EIBLX has yielded a comparatively lower 4.54% annualized return.
ESIIX
- 1D
- 0.15%
- 1M
- -0.44%
- 6M
- 1.06%
- YTD
- 2.48%
- 1Y
- 7.47%
- 3Y*
- 8.55%
- 5Y*
- 5.48%
- 10Y*
- 5.09%
- ALL TIME*
- 5.24%
EIBLX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.79%
- YTD
- 0.73%
- 1Y
- 2.23%
- 3Y*
- 5.78%
- 5Y*
- 4.73%
- 10Y*
- 4.54%
- ALL TIME*
- 4.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ESIIX vs. EIBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESIIX Eaton Vance Strategic Income Fund Class I | 2.48% | 12.46% | 6.66% | 8.52% | -2.32% | 1.59% | 7.80% | 7.65% | -2.44% | 5.16% |
EIBLX Eaton Vance Floating Rate Fund | 0.73% | 3.90% | 8.14% | 12.29% | -2.34% | 4.33% | 2.38% | 7.07% | 0.81% | 4.48% |
Correlation
The correlation between ESIIX and EIBLX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2009 | 0.30 |
The correlation between ESIIX and EIBLX shifts across timeframes, from 0.14 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESIIX vs. EIBLX — Risk / Return Rank
ESIIX
EIBLX
ESIIX vs. EIBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Strategic Income Fund Class I (ESIIX) and Eaton Vance Floating Rate Fund (EIBLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESIIX | EIBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.34 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.57 | +1.84 |
| Martin ratioReturn relative to average drawdown | 12.53 | 4.73 | +7.80 |
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Drawdowns
ESIIX vs. EIBLX - Drawdown Comparison
The maximum ESIIX drawdown since its inception was -26.87%, smaller than the maximum EIBLX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for ESIIX and EIBLX.
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Drawdown Indicators
| ESIIX | EIBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.87% | -32.53% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -1.68% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -2.46% | -2.72% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -6.18% | -6.27% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -12.25% | -18.70% | +6.45% |
Current DrawdownCurrent decline from peak | -0.59% | -0.13% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -1.64% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.56% | +0.10% |
Volatility
ESIIX vs. EIBLX - Volatility Comparison
Eaton Vance Strategic Income Fund Class I (ESIIX) has a higher volatility of 0.78% compared to Eaton Vance Floating Rate Fund (EIBLX) at 0.18%. This indicates that ESIIX's price experiences larger fluctuations and is considered to be riskier than EIBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIIX | EIBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.18% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 1.56% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 2.22% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.22% | 2.78% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 3.53% | -0.37% |
ESIIX vs. EIBLX - Expense Ratio Comparison
ESIIX has a 1.21% expense ratio, which is higher than EIBLX's 0.76% expense ratio.
Dividends
ESIIX vs. EIBLX - Dividend Comparison
ESIIX's dividend yield for the trailing twelve months is around 7.47%, more than EIBLX's 6.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIBLX Eaton Vance Floating Rate Fund | 6.29% | 7.58% | 8.29% | 8.58% | 5.02% | 3.32% | 3.68% | 5.01% | 4.46% | 3.82% | 4.14% | 4.33% |
ESIIX Eaton Vance Strategic Income Fund Class I | 7.47% | 7.01% | 7.23% | 7.19% | 5.82% | 4.57% | 4.44% | 5.29% | 4.25% | 3.95% | 4.18% | 4.59% |
Frequently Asked Questions
ESIIX and EIBLX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESIIX has higher volatility (0.78%) compared to EIBLX (0.18%). In terms of maximum drawdown, ESIIX dropped -26.87% vs EIBLX's -32.53%.
ESIIX currently has the higher Sharpe Ratio (2.88 vs 1.18), 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.
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