WFHY vs. EIFAX
Compare and contrast key facts about WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
WFHY is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index. It was launched on Apr 27, 2016. 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: WFHY or EIFAX.
Key characteristics
| WFHY | EIFAX | |
|---|---|---|
| YTD Return | 4.09% | 7.53% |
| 1Y Return | 11.05% | 11.18% |
| 3Y Return (Ann) | 0.43% | 6.25% |
| 5Y Return (Ann) | 2.62% | 5.67% |
| Sharpe Ratio | 0.98 | 3.73 |
| Sortino Ratio | 1.51 | 10.89 |
| Omega Ratio | 1.33 | 3.22 |
| Calmar Ratio | 1.11 | 13.99 |
| Martin Ratio | 3.69 | 62.93 |
| Ulcer Index | 2.76% | 0.18% |
| Daily Std Dev | 10.46% | 3.00% |
| Max Drawdown | -22.74% | -38.15% |
| Current Drawdown | -4.77% | 0.00% |
Correlation
The correlation between WFHY and EIFAX is 0.29, 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
WFHY vs. EIFAX - Performance Comparison
In the year-to-date period, WFHY achieves a 4.09% return, which is significantly lower than EIFAX's 7.53% 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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WFHY vs. EIFAX - Expense Ratio Comparison
WFHY has a 0.38% expense ratio, which is lower than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
WFHY vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) 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
WFHY vs. EIFAX - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.27%, less than EIFAX's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 6.27% | 6.11% | 5.44% | 4.09% | 4.79% | 5.21% | 5.93% | 6.47% | 4.39% | 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
WFHY vs. EIFAX - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for WFHY and EIFAX. For additional features, visit the drawdowns tool.
Volatility
WFHY vs. EIFAX - Volatility Comparison
WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) has a higher volatility of 1.31% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.63%. This indicates that WFHY'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.