EVHY vs. IOBZX
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and ICON FlexibleBondFund (IOBZX).
EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. IOBZX is managed by ICON Funds. It was launched on May 5, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVHY or IOBZX.
Correlation
The correlation between EVHY and IOBZX is 0.37, 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.
Performance
EVHY vs. IOBZX - Performance Comparison
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Key characteristics
EVHY:
1.43
IOBZX:
2.14
EVHY:
2.12
IOBZX:
2.84
EVHY:
1.30
IOBZX:
1.47
EVHY:
1.84
IOBZX:
1.85
EVHY:
9.87
IOBZX:
8.04
EVHY:
0.69%
IOBZX:
0.68%
EVHY:
4.87%
IOBZX:
2.57%
EVHY:
-3.71%
IOBZX:
-15.53%
EVHY:
-0.14%
IOBZX:
-1.69%
Returns By Period
In the year-to-date period, EVHY achieves a 2.24% return, which is significantly higher than IOBZX's 0.24% return.
EVHY
2.24%
2.90%
1.55%
7.06%
N/A
N/A
IOBZX
0.24%
1.18%
0.71%
5.46%
5.10%
3.89%
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EVHY vs. IOBZX - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is lower than IOBZX's 0.76% expense ratio.
Risk-Adjusted Performance
EVHY vs. IOBZX — Risk-Adjusted Performance Rank
EVHY
IOBZX
EVHY vs. IOBZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and ICON FlexibleBondFund (IOBZX). 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.
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Dividends
EVHY vs. IOBZX - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.64%, more than IOBZX's 5.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.64% | 7.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IOBZX ICON FlexibleBondFund | 5.64% | 6.71% | 6.53% | 5.23% | 4.92% | 4.05% | 4.67% | 4.11% | 4.06% | 3.32% | 4.00% | 4.77% |
Drawdowns
EVHY vs. IOBZX - Drawdown Comparison
The maximum EVHY drawdown since its inception was -3.71%, smaller than the maximum IOBZX drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for EVHY and IOBZX. For additional features, visit the drawdowns tool.
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Volatility
EVHY vs. IOBZX - Volatility Comparison
Eaton Vance High Yield ETF (EVHY) has a higher volatility of 2.09% compared to ICON FlexibleBondFund (IOBZX) at 1.08%. This indicates that EVHY's price experiences larger fluctuations and is considered to be riskier than IOBZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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