PSRIX vs. EIFAX
PSRIX (PIMCO Low Duration Credit Fund) and EIFAX (Eaton Vance Floating-Rate Advantage Fund) are both Bank Loan funds. Over the past 10 years, PSRIX returned 4.22%/yr vs 5.06%/yr for EIFAX. A 0.66 correlation means they provide meaningful diversification when combined. PSRIX charges 0.70%/yr vs 0.47%/yr for EIFAX.
Performance
PSRIX vs. EIFAX - Performance Comparison
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Returns By Period
In the year-to-date period, PSRIX achieves a 0.87% return, which is significantly higher than EIFAX's 0.48% return. Over the past 10 years, PSRIX has underperformed EIFAX with an annualized return of 4.22%, while EIFAX has yielded a comparatively higher 5.06% annualized return.
PSRIX
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 0.87%
- 6M
- 1.46%
- 1Y
- 5.80%
- 3Y*
- 8.10%
- 5Y*
- 5.16%
- 10Y*
- 4.22%
EIFAX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 0.48%
- 6M
- 0.96%
- 1Y
- 3.60%
- 3Y*
- 6.83%
- 5Y*
- 4.89%
- 10Y*
- 5.06%
PSRIX vs. EIFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSRIX PIMCO Low Duration Credit Fund | 0.87% | 7.25% | 9.40% | 10.22% | -3.22% | 3.39% | -1.37% | 9.42% | -0.60% | 3.82% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 0.48% | 4.54% | 8.91% | 11.86% | -2.98% | 5.41% | 1.90% | 9.02% | 0.28% | 5.16% |
Correlation
The correlation between PSRIX and EIFAX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 2, 2011 | 0.66 |
The correlation between PSRIX and EIFAX has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
PSRIX vs. EIFAX — Risk / Return Rank
PSRIX
EIFAX
PSRIX vs. EIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Credit Fund (PSRIX) 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.
| PSRIX | EIFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.42 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.58 | +1.93 |
| Martin ratioReturn relative to average drawdown | 14.26 | 4.76 | +9.50 |
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Drawdowns
PSRIX vs. EIFAX - Drawdown Comparison
The maximum PSRIX drawdown since its inception was -19.26%, smaller than the maximum EIFAX drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for PSRIX and EIFAX.
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Drawdown Indicators
| PSRIX | EIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -40.28% | +21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -2.29% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -3.43% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -7.10% | -7.63% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -24.22% | +4.96% |
Current DrawdownCurrent decline from peak | -0.22% | -0.21% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -2.26% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.76% | -0.34% |
Volatility
PSRIX vs. EIFAX - Volatility Comparison
PIMCO Low Duration Credit Fund (PSRIX) and Eaton Vance Floating-Rate Advantage Fund (EIFAX) have volatilities of 0.70% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSRIX | EIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.68% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 1.98% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 2.58% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 3.15% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 4.45% | -0.53% |
PSRIX vs. EIFAX - Expense Ratio Comparison
PSRIX has a 0.70% expense ratio, which is higher than EIFAX's 0.47% expense ratio.
Dividends
PSRIX vs. EIFAX - Dividend Comparison
PSRIX's dividend yield for the trailing twelve months is around 6.93%, less than EIFAX's 7.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIFAX Eaton Vance Floating-Rate Advantage Fund | 7.63% | 8.09% | 8.91% | 7.02% | 5.92% | 4.03% | 4.51% | 5.58% | 5.10% | 4.46% | 5.02% | 5.29% |
PSRIX PIMCO Low Duration Credit Fund | 6.93% | 7.18% | 7.13% | 5.82% | 3.49% | 4.32% | 3.67% | 4.92% | 4.53% | 3.95% | 3.71% | 4.01% |
Frequently Asked Questions
PSRIX and EIFAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSRIX has higher volatility (0.70%) compared to EIFAX (0.68%). In terms of maximum drawdown, PSRIX dropped -19.26% vs EIFAX's -40.28%.
PSRIX currently has the higher Sharpe Ratio (2.21 vs 1.40), 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.
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