PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
HYLS vs. EIFAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HYLS vs. EIFAX - Performance Comparison

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

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.61%
4.14%
HYLS
EIFAX

Returns By Period

In the year-to-date period, HYLS achieves a 5.90% 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 3.84%, while EIFAX has yielded a comparatively higher 5.03% annualized return.


HYLS

YTD

5.90%

1M

0.04%

6M

5.61%

1Y

10.99%

5Y (annualized)

3.16%

10Y (annualized)

3.84%

EIFAX

YTD

7.53%

1M

0.81%

6M

4.14%

1Y

10.74%

5Y (annualized)

5.66%

10Y (annualized)

5.03%

Key characteristics


HYLSEIFAX
Sharpe Ratio2.623.62
Sortino Ratio3.8910.58
Omega Ratio1.533.16
Calmar Ratio2.0413.57
Martin Ratio15.5961.01
Ulcer Index0.72%0.18%
Daily Std Dev4.27%3.00%
Max Drawdown-22.99%-38.15%
Current Drawdown-0.31%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYLS vs. EIFAX - Expense Ratio Comparison

HYLS has a 1.01% expense ratio, which is higher than EIFAX's 0.47% expense ratio.


HYLS
First Trust Tactical High Yield ETF
Expense ratio chart for HYLS: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
Expense ratio chart for EIFAX: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Correlation

-0.50.00.51.00.3

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.

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.


Sharpe ratio
The chart of Sharpe ratio for HYLS, currently valued at 2.62, compared to the broader market0.002.004.006.002.623.62
The chart of Sortino ratio for HYLS, currently valued at 3.89, compared to the broader market-2.000.002.004.006.008.0010.0012.003.8910.58
The chart of Omega ratio for HYLS, currently valued at 1.53, compared to the broader market0.501.001.502.002.503.001.533.16
The chart of Calmar ratio for HYLS, currently valued at 2.04, compared to the broader market0.005.0010.0015.002.0413.57
The chart of Martin ratio for HYLS, currently valued at 15.59, compared to the broader market0.0020.0040.0060.0080.00100.00120.0015.5961.01
HYLS
EIFAX

The current HYLS Sharpe Ratio is 2.62, which is comparable to the EIFAX Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of HYLS and EIFAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
2.62
3.62
HYLS
EIFAX

Dividends

HYLS vs. EIFAX - Dividend Comparison

HYLS's dividend yield for the trailing twelve months is around 6.22%, less than EIFAX's 9.45% yield.


TTM20232022202120202019201820172016201520142013
HYLS
First Trust Tactical High Yield ETF
6.22%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
9.45%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.


-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.31%
-0.00%
HYLS
EIFAX

Volatility

HYLS vs. EIFAX - Volatility Comparison

First Trust Tactical High Yield ETF (HYLS) has a higher volatility of 0.89% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.64%. 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.


0.20%0.40%0.60%0.80%1.00%1.20%1.40%JuneJulyAugustSeptemberOctoberNovember
0.89%
0.64%
HYLS
EIFAX