EVIBX vs. FAHCX
EVIBX (Eaton Vance Income Fund of Boston) and FAHCX (Fidelity Advisor High Income Advantage Fund Class I) are both High Yield Bonds funds. Over the past 10 years, EVIBX returned 5.00%/yr vs 7.88%/yr for FAHCX. A 0.67 correlation means they provide meaningful diversification when combined. EVIBX charges 1.00%/yr vs 0.74%/yr for FAHCX.
Performance
EVIBX vs. FAHCX - Performance Comparison
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Returns By Period
In the year-to-date period, EVIBX achieves a 1.02% return, which is significantly lower than FAHCX's 7.68% return. Over the past 10 years, EVIBX has underperformed FAHCX with an annualized return of 5.00%, while FAHCX has yielded a comparatively higher 7.88% annualized return.
EVIBX
- 1D
- 0.00%
- 1M
- 0.90%
- YTD
- 1.02%
- 6M
- 1.73%
- 1Y
- 6.03%
- 3Y*
- 7.21%
- 5Y*
- 4.00%
- 10Y*
- 5.00%
FAHCX
- 1D
- 0.65%
- 1M
- 1.73%
- YTD
- 7.68%
- 6M
- 8.01%
- 1Y
- 16.53%
- 3Y*
- 12.05%
- 5Y*
- 6.58%
- 10Y*
- 7.88%
EVIBX vs. FAHCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVIBX Eaton Vance Income Fund of Boston | 1.02% | 8.21% | 6.57% | 10.67% | -8.16% | 5.57% | 4.83% | 13.30% | -2.77% | 6.03% |
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 7.68% | 12.06% | 9.50% | 12.15% | -11.15% | 10.96% | 8.94% | 17.81% | -5.25% | 11.74% |
Correlation
The correlation between EVIBX and FAHCX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.67 |
The correlation between EVIBX and FAHCX shifts across timeframes, from 0.59 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EVIBX vs. FAHCX — Risk / Return Rank
EVIBX
FAHCX
EVIBX vs. FAHCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Fund of Boston (EVIBX) and Fidelity Advisor High Income Advantage Fund Class I (FAHCX). 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.
| EVIBX | FAHCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.56 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 5.30 | -2.64 |
| Martin ratioReturn relative to average drawdown | 13.52 | 21.62 | -8.10 |
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Drawdowns
EVIBX vs. FAHCX - Drawdown Comparison
The maximum EVIBX drawdown since its inception was -36.79%, smaller than the maximum FAHCX drawdown of -48.10%. Use the drawdown chart below to compare losses from any high point for EVIBX and FAHCX.
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Drawdown Indicators
| EVIBX | FAHCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -48.10% | +11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -3.13% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -6.98% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.67% | -15.16% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -21.06% | -28.49% | +7.43% |
Current DrawdownCurrent decline from peak | -0.19% | 0.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -4.61% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.77% | -0.31% |
Volatility
EVIBX vs. FAHCX - Volatility Comparison
The current volatility for Eaton Vance Income Fund of Boston (EVIBX) is 0.94%, while Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a volatility of 2.38%. This indicates that EVIBX experiences smaller price fluctuations and is considered to be less risky than FAHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVIBX | FAHCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 2.38% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 4.79% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 5.85% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 6.45% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 7.65% | -2.25% |
EVIBX vs. FAHCX - Expense Ratio Comparison
EVIBX has a 1.00% expense ratio, which is higher than FAHCX's 0.74% expense ratio.
Dividends
EVIBX vs. FAHCX - Dividend Comparison
EVIBX's dividend yield for the trailing twelve months is around 6.08%, more than FAHCX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVIBX Eaton Vance Income Fund of Boston | 6.08% | 5.91% | 5.36% | 4.59% | 5.65% | 5.04% | 5.69% | 5.62% | 6.01% | 5.53% | 5.85% | 6.54% |
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.38% | 4.73% | 4.18% | 4.70% | 7.35% | 4.94% | 3.70% | 4.51% | 6.09% | 4.95% | 5.53% | 4.42% |
Frequently Asked Questions
EVIBX and FAHCX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAHCX has higher volatility (2.38%) compared to EVIBX (0.94%). In terms of maximum drawdown, EVIBX dropped -36.79% vs FAHCX's -48.10%.
FAHCX currently has the higher Sharpe Ratio (2.84 vs 1.91), 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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