NUHY vs. EIFAX
Compare and contrast key facts about Nuveen ESG High Yield Corporate Bond ETF (NUHY) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
NUHY is a passively managed fund by Nuveen that tracks the performance of the Bloomberg Barclays MSCI US Aggregate ESG Select Index. It was launched on Sep 25, 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: NUHY or EIFAX.
Key characteristics
| NUHY | EIFAX | |
|---|---|---|
| YTD Return | 7.90% | 7.53% |
| 1Y Return | 15.17% | 11.18% |
| 3Y Return (Ann) | 1.94% | 6.25% |
| 5Y Return (Ann) | 2.85% | 5.67% |
| Sharpe Ratio | 2.82 | 3.73 |
| Sortino Ratio | 4.55 | 10.89 |
| Omega Ratio | 1.57 | 3.22 |
| Calmar Ratio | 1.72 | 13.99 |
| Martin Ratio | 21.81 | 62.93 |
| Ulcer Index | 0.66% | 0.18% |
| Daily Std Dev | 5.08% | 3.00% |
| Max Drawdown | -20.14% | -38.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between NUHY and EIFAX is 0.33, 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
NUHY vs. EIFAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with NUHY having a 7.90% return and EIFAX slightly lower at 7.53%. 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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NUHY vs. EIFAX - Expense Ratio Comparison
NUHY has a 0.30% expense ratio, which is lower than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
NUHY vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) 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
NUHY vs. EIFAX - Dividend Comparison
NUHY's dividend yield for the trailing twelve months is around 6.62%, less than EIFAX's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.62% | 6.65% | 6.36% | 4.88% | 5.11% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NUHY vs. EIFAX - Drawdown Comparison
The maximum NUHY drawdown since its inception was -20.14%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for NUHY and EIFAX. For additional features, visit the drawdowns tool.
Volatility
NUHY vs. EIFAX - Volatility Comparison
Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a higher volatility of 1.13% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.63%. This indicates that NUHY'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.