IBHE vs. EIFAX
Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019. 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: IBHE or EIFAX.
Key characteristics
| IBHE | EIFAX | |
|---|---|---|
| YTD Return | 6.63% | 7.43% |
| 1Y Return | 8.68% | 11.07% |
| 3Y Return (Ann) | 4.21% | 6.21% |
| 5Y Return (Ann) | 4.63% | 5.65% |
| Sharpe Ratio | 3.34 | 3.69 |
| Sortino Ratio | 5.45 | 10.79 |
| Omega Ratio | 1.76 | 3.20 |
| Calmar Ratio | 12.55 | 13.85 |
| Martin Ratio | 48.45 | 62.31 |
| Ulcer Index | 0.19% | 0.18% |
| Daily Std Dev | 2.78% | 3.00% |
| Max Drawdown | -26.92% | -38.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IBHE and EIFAX is 0.25, 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
IBHE vs. EIFAX - Performance Comparison
In the year-to-date period, IBHE achieves a 6.63% return, which is significantly lower than EIFAX's 7.43% 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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IBHE vs. EIFAX - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is lower than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
IBHE vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) 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
IBHE vs. EIFAX - Dividend Comparison
IBHE's dividend yield for the trailing twelve months is around 7.14%, less than EIFAX's 9.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 7.14% | 7.16% | 5.78% | 4.84% | 5.73% | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.47% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Drawdowns
IBHE vs. EIFAX - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.92%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for IBHE and EIFAX. For additional features, visit the drawdowns tool.
Volatility
IBHE vs. EIFAX - Volatility Comparison
The current volatility for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) is 0.36%, while Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a volatility of 0.63%. This indicates that IBHE experiences smaller price fluctuations and is considered to be less risky than EIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.