PSFIX vs. EIFAX
PSFIX (Virtus Newfleet Senior Floating Rate Fund) and EIFAX (Eaton Vance Floating-Rate Advantage Fund) are both Bank Loan funds. Over the past 10 years, PSFIX returned 4.38%/yr vs 4.88%/yr for EIFAX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. PSFIX charges 0.69%/yr vs 0.47%/yr for EIFAX.
Performance
PSFIX vs. EIFAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSFIX achieves a 1.66% return, which is significantly higher than EIFAX's 0.51% return. Over the past 10 years, PSFIX has underperformed EIFAX with an annualized return of 4.38%, while EIFAX has yielded a comparatively higher 4.88% annualized return.
PSFIX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.82%
- YTD
- 1.66%
- 1Y
- 3.72%
- 3Y*
- 6.27%
- 5Y*
- 5.21%
- 10Y*
- 4.38%
- ALL TIME*
- 6.14%
EIFAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.83%
- YTD
- 0.51%
- 1Y
- 2.27%
- 3Y*
- 5.92%
- 5Y*
- 4.82%
- 10Y*
- 4.88%
- ALL TIME*
- 5.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PSFIX vs. EIFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSFIX Virtus Newfleet Senior Floating Rate Fund | 1.66% | 5.11% | 7.59% | 10.67% | -0.21% | 4.51% | 0.94% | 8.29% | -0.95% | 3.11% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 0.51% | 4.54% | 8.91% | 11.86% | -2.98% | 5.41% | 1.90% | 9.02% | 0.28% | 5.16% |
Correlation
The correlation between PSFIX and EIFAX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.69 |
The correlation between PSFIX and EIFAX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSFIX vs. EIFAX — Risk / Return Rank
PSFIX
EIFAX
PSFIX vs. EIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Senior Floating Rate Fund (PSFIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSFIX | EIFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.31 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 1.20 | +3.60 |
| Martin ratioReturn relative to average drawdown | 15.07 | 3.60 | +11.48 |
Loading charts...
Drawdowns
PSFIX vs. EIFAX - Drawdown Comparison
The maximum PSFIX drawdown since its inception was -22.76%, smaller than the maximum EIFAX drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for PSFIX and EIFAX.
Loading charts...
Drawdown Indicators
| PSFIX | EIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -40.28% | +17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -2.29% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -3.43% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -5.78% | -7.63% | +1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -22.76% | -24.22% | +1.46% |
Current DrawdownCurrent decline from peak | -0.12% | -0.21% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -2.25% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.76% | -0.48% |
Volatility
PSFIX vs. EIFAX - Volatility Comparison
Virtus Newfleet Senior Floating Rate Fund (PSFIX) has a higher volatility of 0.27% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.24%. This indicates that PSFIX'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.
Loading charts...
Volatility by Period
| PSFIX | EIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.24% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.93% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 2.52% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 3.15% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 4.45% | -0.29% |
PSFIX vs. EIFAX - Expense Ratio Comparison
PSFIX has a 0.69% expense ratio, which is higher than EIFAX's 0.47% expense ratio.
Dividends
PSFIX vs. EIFAX - Dividend Comparison
PSFIX's dividend yield for the trailing twelve months is around 6.05%, less than EIFAX's 6.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 6.86% | 8.09% | 8.91% | 7.02% | 5.92% | 4.03% | 4.51% | 5.58% | 5.10% | 4.46% | 5.02% | 5.29% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 6.05% | 7.22% | 7.77% | 7.48% | 4.85% | 2.84% | 3.98% | 5.29% | 5.07% | 4.03% | 3.95% | 4.40% |
Frequently Asked Questions
PSFIX and EIFAX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSFIX has higher volatility (0.27%) compared to EIFAX (0.24%). In terms of maximum drawdown, PSFIX dropped -22.76% vs EIFAX's -40.28%.
PSFIX currently has the higher Sharpe Ratio (1.85 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PSFIX and EIFAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer