HYDW vs. EIFAX

Last updated Jun 23, 2026

HYDW (Xtrackers Low Beta High Yield Bond ETF) and EIFAX (Eaton Vance Floating-Rate Advantage Fund) are both funds - HYDW is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Low Beta Index, while EIFAX is a Bank Loan fund managed by Eaton Vance. Over the past 5 years, HYDW returned 3.54%/yr vs 4.89%/yr for EIFAX. At a 0.25 correlation, their price movements are largely independent. HYDW charges 0.20%/yr vs 0.47%/yr for EIFAX.

Performance

HYDW vs. EIFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Low Beta High Yield Bond ETF (HYDW) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYDW achieves a 1.25% return, which is significantly higher than EIFAX's 0.48% return.

HYDW

• 1D: -0.13%
• 1M: 0.47%
• YTD: 1.25%
• 6M: 1.45%
• 1Y: 5.43%
• 3Y*: 7.32%
• 5Y*: 3.54%
• 10Y*: —

EIFAX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 0.48%
• 6M: 0.96%
• 1Y: 3.60%
• 3Y*: 6.83%
• 5Y*: 4.89%
• 10Y*: 5.06%

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

HYDW vs. EIFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HYDW Xtrackers Low Beta High Yield Bond ETF	1.25%	8.47%	5.42%	9.84%	-7.86%	2.77%	5.51%	11.44%	-1.15%
EIFAX Eaton Vance Floating-Rate Advantage Fund	0.48%	4.54%	8.91%	11.86%	-2.98%	5.41%	1.90%	9.02%	0.10%

Correlation

The correlation between HYDW and EIFAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018	0.25

Return for Risk

HYDW vs. EIFAX — Risk / Return Rank

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

HYDW

HYDW Risk / Return Rank: 61
HYDW Sharpe Ratio Rank: 56
HYDW Sortino Ratio Rank: 63
HYDW Omega Ratio Rank: 63
HYDW Calmar Ratio Rank: 55
HYDW Martin Ratio Rank: 69

EIFAX

EIFAX Risk / Return Rank: 40
EIFAX Sharpe Ratio Rank: 27
EIFAX Sortino Ratio Rank: 60
EIFAX Omega Ratio Rank: 70
EIFAX Calmar Ratio Rank: 21
EIFAX Martin Ratio Rank: 20

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.

HYDW vs. EIFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Low Beta High Yield Bond ETF (HYDW) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). 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.

	HYDW	EIFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.40	+0.45
Sortino ratio: Return per unit of downside risk	2.84	2.96	-0.13
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	2.61	1.58	+1.03
Martin ratio: Return relative to average drawdown	12.38	4.76	+7.62

HYDW vs. EIFAX - Sharpe Ratio Comparison

The current HYDW Sharpe Ratio is 1.85, which is higher than the EIFAX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of HYDW and EIFAX, 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

HYDW vs. EIFAX - Drawdown Comparison

The maximum HYDW drawdown since its inception was -17.75%, smaller than the maximum EIFAX drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for HYDW and EIFAX.

Drawdown Indicators

	HYDW	EIFAX	Difference
Max Drawdown Largest peak-to-trough decline	-17.75%	-40.28%	+22.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.09%	-2.29%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-3.64%	-3.43%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-12.68%	-7.63%	-5.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.22%	—
Current Drawdown Current decline from peak	-0.13%	-0.21%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.88%	-2.26%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.76%	-0.32%

Volatility

HYDW vs. EIFAX - Volatility Comparison

Xtrackers Low Beta High Yield Bond ETF (HYDW) and Eaton Vance Floating-Rate Advantage Fund (EIFAX) have volatilities of 0.67% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYDW	EIFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.68%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	1.98%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	2.58%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.41%	3.15%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.97%	4.45%	+2.52%

HYDW vs. EIFAX - Expense Ratio Comparison

HYDW has a 0.20% expense ratio, which is lower than EIFAX's 0.47% expense ratio.

Dividends

HYDW vs. EIFAX - Dividend Comparison

HYDW's dividend yield for the trailing twelve months is around 5.73%, less than EIFAX's 7.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIFAX Eaton Vance Floating-Rate Advantage Fund	7.63%	8.09%	8.91%	7.02%	5.92%	4.03%	4.51%	5.58%	5.10%	4.46%	5.02%	5.29%
HYDW Xtrackers Low Beta High Yield Bond ETF	5.73%	5.75%	5.35%	5.69%	4.78%	3.30%	4.45%	4.56%	4.42%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYDW and EIFAX in my portfolio?

HYDW and EIFAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYDW or EIFAX?

EIFAX has higher volatility (0.68%) compared to HYDW (0.67%). In terms of maximum drawdown, HYDW dropped -17.75% vs EIFAX's -40.28%.

Which has better risk-adjusted returns?

HYDW currently has the higher Sharpe Ratio (1.85 vs 1.40), 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.