EVSB vs. XAGG
EVSB (Eaton Vance Ultra-Short Income ETF) and XAGG (Eaton Vance Income Opportunities ETF) are both exchange-traded funds - EVSB is a Ultrashort Bond fund actively managed by Eaton Vance, while XAGG is a Multisector Bonds fund actively managed by Eaton Vance. Both are actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. EVSB charges 0.17%/yr vs 0.50%/yr for XAGG.
Performance
EVSB vs. XAGG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EVSB having a 2.34% return and XAGG slightly lower at 2.30%.
EVSB
- 1D
- 0.07%
- 1M
- 0.30%
- 6M
- 1.89%
- YTD
- 2.34%
- 1Y
- 4.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.52%
XAGG
- 1D
- 0.11%
- 1M
- -0.23%
- 6M
- 0.78%
- YTD
- 2.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $1.44M | $2.05M | |
| $10.08M | $12.91M | $11.26M |
EVSB vs. XAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 2.34% | 0.64% |
XAGG Eaton Vance Income Opportunities ETF | 2.30% | 1.75% |
Correlation
The correlation between EVSB and XAGG is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.22 |
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Return for Risk
EVSB vs. XAGG — Risk / Return Rank
EVSB
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVSB vs. XAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Ultra-Short Income ETF (EVSB) and Eaton Vance Income Opportunities ETF (XAGG). 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.
| EVSB | XAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 17.82 | — | — |
| Martin ratioReturn relative to average drawdown | 101.28 | — | — |
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Drawdowns
EVSB vs. XAGG - Drawdown Comparison
The maximum EVSB drawdown since its inception was -0.31%, smaller than the maximum XAGG drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for EVSB and XAGG.
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Drawdown Indicators
| EVSB | XAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -2.88% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.38% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.53% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | — | — |
Volatility
EVSB vs. XAGG - Volatility Comparison
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Volatility by Period
| EVSB | XAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 3.42% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.81% | 3.42% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.81% | 3.42% | -2.61% |
EVSB vs. XAGG - Expense Ratio Comparison
EVSB has a 0.17% expense ratio, which is lower than XAGG's 0.50% expense ratio.
Dividends
EVSB vs. XAGG - Dividend Comparison
EVSB's dividend yield for the trailing twelve months is around 4.55%, less than XAGG's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 4.55% | 4.63% | 5.18% | 1.21% |
XAGG Eaton Vance Income Opportunities ETF | 5.06% | 1.02% | 0.00% | 0.00% |
Frequently Asked Questions
EVSB and XAGG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVSB is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVSB is cheaper with a 0.17% expense ratio, compared with 0.50% for XAGG.
XAGG has the higher dividend yield at 5.06%, compared with 4.55% for EVSB.
EVSB is categorized as Ultrashort Bond, while XAGG is Multisector Bonds. Their fees differ too: 0.17% for EVSB and 0.50% for XAGG.
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