IOBZX vs. EVHY
Compare and contrast key facts about ICON FlexibleBondFund (IOBZX) and Eaton Vance High Yield ETF (EVHY).
IOBZX is managed by ICON Funds. It was launched on May 5, 2004. EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IOBZX or EVHY.
Correlation
The correlation between IOBZX and EVHY 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.
Performance
IOBZX vs. EVHY - Performance Comparison
Key characteristics
IOBZX:
2.52
EVHY:
1.60
IOBZX:
3.45
EVHY:
2.42
IOBZX:
1.56
EVHY:
1.34
IOBZX:
2.16
EVHY:
2.10
IOBZX:
12.06
EVHY:
11.58
IOBZX:
0.53%
EVHY:
0.67%
IOBZX:
2.53%
EVHY:
4.88%
IOBZX:
-15.53%
EVHY:
-3.71%
IOBZX:
-2.03%
EVHY:
-1.26%
Returns By Period
In the year-to-date period, IOBZX achieves a -0.12% return, which is significantly lower than EVHY's 0.99% return.
IOBZX
-0.12%
-1.58%
0.32%
6.26%
5.22%
3.79%
EVHY
0.99%
-0.58%
0.99%
7.86%
N/A
N/A
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IOBZX vs. EVHY - Expense Ratio Comparison
IOBZX has a 0.76% expense ratio, which is higher than EVHY's 0.48% expense ratio.
Risk-Adjusted Performance
IOBZX vs. EVHY — Risk-Adjusted Performance Rank
IOBZX
EVHY
IOBZX vs. EVHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON FlexibleBondFund (IOBZX) and Eaton Vance High Yield ETF (EVHY). 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
IOBZX vs. EVHY - Dividend Comparison
IOBZX's dividend yield for the trailing twelve months is around 6.65%, less than EVHY's 7.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOBZX ICON FlexibleBondFund | 6.65% | 6.71% | 6.53% | 5.23% | 4.92% | 4.05% | 4.67% | 4.11% | 4.06% | 3.32% | 4.00% | 4.77% |
EVHY Eaton Vance High Yield ETF | 7.70% | 7.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IOBZX vs. EVHY - Drawdown Comparison
The maximum IOBZX drawdown since its inception was -15.53%, which is greater than EVHY's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for IOBZX and EVHY. For additional features, visit the drawdowns tool.
Volatility
IOBZX vs. EVHY - Volatility Comparison
The current volatility for ICON FlexibleBondFund (IOBZX) is 1.52%, while Eaton Vance High Yield ETF (EVHY) has a volatility of 3.54%. This indicates that IOBZX experiences smaller price fluctuations and is considered to be less risky than EVHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.