WFHY vs. EIFAX

Last updated Jun 5, 2026

WFHY (WisdomTree U.S. High Yield Corporate Bond Fund) and EIFAX (Eaton Vance Floating-Rate Advantage Fund) are both funds - WFHY is a High Yield Bonds fund tracking the WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while EIFAX is a Bank Loan fund managed by Eaton Vance. Over the past 10 years, WFHY returned 4.96%/yr vs 5.05%/yr for EIFAX. At a 0.29 correlation, their price movements are largely independent. WFHY charges 0.38%/yr vs 0.47%/yr for EIFAX.

Performance

WFHY vs. EIFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFHY achieves a 1.51% return, which is significantly higher than EIFAX's 0.69% return. Both investments have delivered pretty close results over the past 10 years, with WFHY having a 4.96% annualized return and EIFAX not far ahead at 5.05%.

WFHY

• 1D: 0.05%
• 1M: 0.46%
• YTD: 1.51%
• 6M: 1.74%
• 1Y: 7.04%
• 3Y*: 8.17%
• 5Y*: 3.22%
• 10Y*: 4.96%

EIFAX

• 1D: 0.00%
• 1M: 0.59%
• YTD: 0.69%
• 6M: 0.76%
• 1Y: 3.60%
• 3Y*: 7.26%
• 5Y*: 4.94%
• 10Y*: 5.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WFHY vs. EIFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFHY WisdomTree U.S. High Yield Corporate Bond Fund	1.51%	9.61%	5.92%	10.12%	-11.81%	4.12%	5.99%	15.65%	-0.06%	5.66%
EIFAX Eaton Vance Floating-Rate Advantage Fund	0.69%	4.54%	8.91%	11.86%	-2.98%	5.41%	1.90%	9.02%	0.28%	5.16%

Correlation

The correlation between WFHY and EIFAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016	0.29

Return for Risk

WFHY vs. EIFAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WFHY

WFHY Risk / Return Rank: 61
WFHY Sharpe Ratio Rank: 59
WFHY Sortino Ratio Rank: 64
WFHY Omega Ratio Rank: 64
WFHY Calmar Ratio Rank: 53
WFHY Martin Ratio Rank: 65

EIFAX

EIFAX Risk / Return Rank: 36
EIFAX Sharpe Ratio Rank: 26
EIFAX Sortino Ratio Rank: 53
EIFAX Omega Ratio Rank: 63
EIFAX Calmar Ratio Rank: 20
EIFAX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WFHY vs. EIFAX - Risk-Adjusted Trends 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.

	WFHY	EIFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.45	+0.50
Sortino ratio: Return per unit of downside risk	2.95	3.09	-0.15
Omega ratio: Gain probability vs. loss probability	1.38	1.44	-0.06
Calmar ratio: Return relative to maximum drawdown	2.55	1.63	+0.93
Martin ratio: Return relative to average drawdown	11.61	4.92	+6.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFHY vs. EIFAX - Sharpe Ratio Comparison

The current WFHY Sharpe Ratio is 1.95, which is higher than the EIFAX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of WFHY and EIFAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WFHY	EIFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.45	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	1.58	-1.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	1.14	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.20	-0.58

Drawdowns

WFHY vs. EIFAX - Drawdown Comparison

The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum EIFAX drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for WFHY and EIFAX.

Drawdown Indicators

	WFHY	EIFAX	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	-40.28%	+17.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-2.29%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-4.58%	-3.43%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	-7.63%	-8.58%
Max Drawdown (10Y) Largest decline over 10 years	-22.74%	-24.22%	+1.48%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-2.75%	-2.27%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	0.76%	-0.15%

Volatility

WFHY vs. EIFAX - Volatility Comparison

WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) has a higher volatility of 1.07% compared to Eaton Vance Floating-Rate Advantage Fund (EIFAX) at 0.64%. 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.

Volatility by Period

	WFHY	EIFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	0.64%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	1.96%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	2.57%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	3.14%	+4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	4.45%	+3.75%

WFHY vs. EIFAX - Expense Ratio Comparison

WFHY has a 0.38% expense ratio, which is lower than EIFAX's 0.47% expense ratio.

Dividends

WFHY vs. EIFAX - Dividend Comparison

WFHY's dividend yield for the trailing twelve months is around 6.25%, less than EIFAX's 7.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIFAX Eaton Vance Floating-Rate Advantage Fund	7.61%	8.09%	8.91%	7.02%	5.92%	4.03%	4.51%	5.58%	5.10%	4.46%	5.02%	5.29%
WFHY WisdomTree U.S. High Yield Corporate Bond Fund	6.25%	6.26%	6.40%	6.11%	5.44%	4.09%	4.80%	5.21%	5.93%	6.47%	4.39%	0.00%

Frequently Asked Questions

Can I hold both WFHY and EIFAX in my portfolio?

WFHY and EIFAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFHY or EIFAX?

WFHY has higher volatility (1.07%) compared to EIFAX (0.64%). In terms of maximum drawdown, WFHY dropped -22.74% vs EIFAX's -40.28%.

Which has better risk-adjusted returns?

WFHY currently has the higher Sharpe Ratio (1.95 vs 1.45), 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.