EVFAX vs. CHIAX

Last updated Jul 14, 2026

EVFAX (Eaton Vance Floating-Rate Advantage Fund Class Advisers) and CHIAX (Credit Suisse Floating Rate High Income Fund) are both Bank Loan funds. Over the past 10 years, EVFAX returned 4.70%/yr vs 4.43%/yr for CHIAX. A 0.62 correlation means they provide meaningful diversification when combined. EVFAX charges 0.94%/yr vs 0.95%/yr for CHIAX.

Performance

EVFAX vs. CHIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX) and Credit Suisse Floating Rate High Income Fund (CHIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVFAX achieves a 0.49% return, which is significantly lower than CHIAX's 3.03% return. Over the past 10 years, EVFAX has outperformed CHIAX with an annualized return of 4.70%, while CHIAX has yielded a comparatively lower 4.43% annualized return.

EVFAX

• 1D: 0.00%
• 1M: 0.33%
• 6M: 0.18%
• YTD: 0.49%
• 1Y: 2.38%
• 3Y*: 6.13%
• 5Y*: 4.54%
• 10Y*: 4.70%

CHIAX

• 1D: 0.00%
• 1M: 2.04%
• 6M: 3.03%
• YTD: 3.03%
• 1Y: 4.64%
• 3Y*: 6.05%
• 5Y*: 4.59%
• 10Y*: 4.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVFAX vs. CHIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVFAX Eaton Vance Floating-Rate Advantage Fund Class Advisers	0.49%	4.27%	8.64%	11.66%	-3.22%	4.52%	1.76%	8.65%	0.14%	4.80%
CHIAX Credit Suisse Floating Rate High Income Fund	3.03%	4.25%	6.85%	11.03%	-3.14%	5.03%	2.32%	6.67%	-0.22%	4.33%

Correlation

The correlation between EVFAX and CHIAX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008	0.62

The correlation between EVFAX and CHIAX shifts across timeframes, from 0.49 (3 years) to 0.63 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

EVFAX vs. CHIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVFAX

EVFAX Risk / Return Rank: 26
EVFAX Sharpe Ratio Rank: 21
EVFAX Sortino Ratio Rank: 37
EVFAX Omega Ratio Rank: 42
EVFAX Calmar Ratio Rank: 16
EVFAX Martin Ratio Rank: 16

CHIAX

CHIAX Risk / Return Rank: 67
CHIAX Sharpe Ratio Rank: 56
CHIAX Sortino Ratio Rank: 91
CHIAX Omega Ratio Rank: 91
CHIAX Calmar Ratio Rank: 56
CHIAX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVFAX vs. CHIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX) and Credit Suisse Floating Rate High Income Fund (CHIAX). 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.

	EVFAX	CHIAX	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.68	-0.71
Sortino ratio: Return per unit of downside risk	1.96	3.82	-1.86
Omega ratio: Gain probability vs. loss probability	1.27	1.56	-0.30
Calmar ratio: Return relative to maximum drawdown	1.03	2.31	-1.29
Martin ratio: Return relative to average drawdown	3.04	7.06	-4.02

EVFAX vs. CHIAX - Sharpe Ratio Comparison

The current EVFAX Sharpe Ratio is 0.97, which is lower than the CHIAX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EVFAX and CHIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVFAX vs. CHIAX - Drawdown Comparison

The maximum EVFAX drawdown since its inception was -40.28%, which is greater than CHIAX's maximum drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for EVFAX and CHIAX.

Drawdown Indicators

	EVFAX	CHIAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.28%	-37.29%	-2.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.33%	-2.02%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-3.45%	-2.41%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-7.75%	-5.99%	-1.76%
Max Drawdown (10Y) Largest decline over 10 years	-24.24%	-19.94%	-4.30%
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.03%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.66%	+0.12%

Volatility

EVFAX vs. CHIAX - Volatility Comparison

The current volatility for Eaton Vance Floating-Rate Advantage Fund Class Advisers (EVFAX) is 0.61%, while Credit Suisse Floating Rate High Income Fund (CHIAX) has a volatility of 1.43%. This indicates that EVFAX experiences smaller price fluctuations and is considered to be less risky than CHIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVFAX	CHIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	1.43%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	1.90%	2.24%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	2.47%	2.78%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	2.82%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	3.60%	+0.82%

EVFAX vs. CHIAX - Expense Ratio Comparison

EVFAX has a 0.94% expense ratio, which is lower than CHIAX's 0.95% expense ratio.

Dividends

EVFAX vs. CHIAX - Dividend Comparison

EVFAX's dividend yield for the trailing twelve months is around 7.28%, more than CHIAX's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIAX Credit Suisse Floating Rate High Income Fund	6.45%	7.44%	7.25%	7.19%	3.90%	3.38%	4.19%	4.94%	4.38%	3.79%	4.47%	4.26%
EVFAX Eaton Vance Floating-Rate Advantage Fund Class Advisers	7.28%	7.84%	8.66%	6.84%	5.66%	3.18%	4.29%	5.34%	4.86%	4.22%	4.78%	5.03%

Frequently Asked Questions

Can I hold both EVFAX and CHIAX in my portfolio?

EVFAX and CHIAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVFAX or CHIAX?

CHIAX has higher volatility (1.43%) compared to EVFAX (0.61%). In terms of maximum drawdown, EVFAX dropped -40.28% vs CHIAX's -37.29%.

Which has better risk-adjusted returns?

CHIAX currently has the higher Sharpe Ratio (1.68 vs 0.97), 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.