HYLS vs. EIFAX
Compare and contrast key facts about First Trust Tactical High Yield ETF (HYLS) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
HYLS is an actively managed fund by First Trust. It was launched on Feb 27, 2013. EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYLS or EIFAX.
Key characteristics
| HYLS | EIFAX | |
|---|---|---|
| YTD Return | 6.16% | 7.53% |
| 1Y Return | 12.83% | 11.07% |
| 3Y Return (Ann) | 2.02% | 6.26% |
| 5Y Return (Ann) | 3.24% | 5.66% |
| 10Y Return (Ann) | 3.88% | 5.03% |
| Sharpe Ratio | 2.97 | 3.73 |
| Sortino Ratio | 4.51 | 10.89 |
| Omega Ratio | 1.62 | 3.22 |
| Calmar Ratio | 1.94 | 13.99 |
| Martin Ratio | 18.37 | 62.93 |
| Ulcer Index | 0.72% | 0.18% |
| Daily Std Dev | 4.43% | 3.01% |
| Max Drawdown | -22.99% | -38.15% |
| Current Drawdown | -0.07% | 0.00% |
Correlation
The correlation between HYLS and EIFAX is 0.29, 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
HYLS vs. EIFAX - Performance Comparison
In the year-to-date period, HYLS achieves a 6.16% return, which is significantly lower than EIFAX's 7.53% return. Over the past 10 years, HYLS has underperformed EIFAX with an annualized return of 3.88%, while EIFAX has yielded a comparatively higher 5.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYLS vs. EIFAX - Expense Ratio Comparison
HYLS has a 1.01% expense ratio, which is higher than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
HYLS vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) 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.
Dividends
HYLS vs. EIFAX - Dividend Comparison
HYLS's dividend yield for the trailing twelve months is around 6.21%, less than EIFAX's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.21% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% | 5.78% | 5.10% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.46% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Drawdowns
HYLS vs. EIFAX - Drawdown Comparison
The maximum HYLS drawdown since its inception was -22.99%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for HYLS and EIFAX. For additional features, visit the drawdowns tool.
Volatility
HYLS vs. EIFAX - Volatility Comparison
First Trust Tactical High Yield ETF (HYLS) has a higher volatility of 0.92% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.63%. This indicates that HYLS's price experiences larger fluctuations and is considered to be riskier than EIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.