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FLYRX vs. EIBLX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FLYRX vs. EIBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Floating Rate Fund (FLYRX) and Eaton Vance Floating Rate Fund (EIBLX). The values are adjusted to include any dividend payments, if applicable.

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FLYRX vs. EIBLX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FLYRX
Pioneer Floating Rate Fund
-0.60%4.90%6.94%8.31%-3.26%4.32%2.10%7.57%0.17%3.74%
EIBLX
Eaton Vance Floating Rate Fund
-1.32%3.90%8.14%12.29%-2.34%4.33%2.38%7.07%0.81%4.48%

Returns By Period

In the year-to-date period, FLYRX achieves a -0.60% return, which is significantly higher than EIBLX's -1.32% return. Over the past 10 years, FLYRX has underperformed EIBLX with an annualized return of 3.91%, while EIBLX has yielded a comparatively higher 4.78% annualized return.


FLYRX

1D
0.00%
1M
0.17%
YTD
-0.60%
6M
0.51%
1Y
3.76%
3Y*
5.58%
5Y*
3.73%
10Y*
3.91%

EIBLX

1D
0.00%
1M
-0.25%
YTD
-1.32%
6M
-0.79%
1Y
2.47%
3Y*
6.50%
5Y*
4.58%
10Y*
4.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FLYRX vs. EIBLX - Expense Ratio Comparison

FLYRX has a 0.75% expense ratio, which is lower than EIBLX's 0.76% expense ratio.


Return for Risk

FLYRX vs. EIBLX — Risk / Return Rank

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

FLYRX
FLYRX Risk / Return Rank: 8080
Overall Rank
FLYRX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
FLYRX Sortino Ratio Rank: 8282
Sortino Ratio Rank
FLYRX Omega Ratio Rank: 9090
Omega Ratio Rank
FLYRX Calmar Ratio Rank: 8383
Calmar Ratio Rank
FLYRX Martin Ratio Rank: 7777
Martin Ratio Rank

EIBLX
EIBLX Risk / Return Rank: 4747
Overall Rank
EIBLX Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
EIBLX Sortino Ratio Rank: 4040
Sortino Ratio Rank
EIBLX Omega Ratio Rank: 6767
Omega Ratio Rank
EIBLX Calmar Ratio Rank: 5151
Calmar Ratio Rank
EIBLX Martin Ratio Rank: 4141
Martin Ratio Rank
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.

FLYRX vs. EIBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund (FLYRX) 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.


FLYRXEIBLXDifference

Sharpe ratio

Return per unit of total volatility

1.32

0.90

+0.42

Sortino ratio

Return per unit of downside risk

2.24

1.36

+0.87

Omega ratio

Gain probability vs. loss probability

1.42

1.27

+0.15

Calmar ratio

Return relative to maximum drawdown

2.23

1.40

+0.82

Martin ratio

Return relative to average drawdown

8.21

4.77

+3.44

FLYRX vs. EIBLX - Sharpe Ratio Comparison

The current FLYRX Sharpe Ratio is 1.32, which is higher than the EIBLX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FLYRX and EIBLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FLYRXEIBLXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

0.90

+0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.42

1.68

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.10

1.36

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

1.25

-0.23

Correlation

The correlation between FLYRX and EIBLX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

FLYRX vs. EIBLX - Dividend Comparison

FLYRX's dividend yield for the trailing twelve months is around 6.83%, which matches EIBLX's 6.86% yield.


TTM20252024202320222021202020192018201720162015
FLYRX
Pioneer Floating Rate Fund
6.83%7.48%5.87%6.45%5.40%3.46%3.91%5.01%4.70%4.13%3.88%3.85%
EIBLX
Eaton Vance Floating Rate Fund
6.86%7.58%8.29%8.58%5.02%3.32%3.68%5.01%4.46%3.82%4.14%4.33%

Drawdowns

FLYRX vs. EIBLX - Drawdown Comparison

The maximum FLYRX drawdown since its inception was -30.67%, smaller than the maximum EIBLX drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for FLYRX and EIBLX.


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Drawdown Indicators


FLYRXEIBLXDifference

Max Drawdown

Largest peak-to-trough decline

-30.67%

-32.53%

+1.86%

Max Drawdown (1Y)

Largest decline over 1 year

-1.64%

-1.95%

+0.31%

Max Drawdown (5Y)

Largest decline over 5 years

-6.61%

-6.27%

-0.34%

Max Drawdown (10Y)

Largest decline over 10 years

-19.05%

-18.70%

-0.35%

Current Drawdown

Current decline from peak

-0.60%

-1.68%

+1.08%

Average Drawdown

Average peak-to-trough decline

-2.00%

-1.66%

-0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.49%

0.61%

-0.12%

Volatility

FLYRX vs. EIBLX - Volatility Comparison

Pioneer Floating Rate Fund (FLYRX) has a higher volatility of 0.72% compared to Eaton Vance Floating Rate Fund (EIBLX) at 0.55%. This indicates that FLYRX'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


FLYRXEIBLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.72%

0.55%

+0.17%

Volatility (6M)

Calculated over the trailing 6-month period

1.82%

1.60%

+0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

2.77%

2.80%

-0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.64%

2.74%

-0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.57%

3.53%

+0.04%