EVSD vs. XAGG
EVSD (Eaton Vance Short Duration Income ETF) and XAGG (Eaton Vance Income Opportunities ETF) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while XAGG is a Multisector Bonds fund actively managed by Eaton Vance. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. EVSD charges 0.24%/yr vs 0.50%/yr for XAGG.
Performance
EVSD vs. XAGG - Performance Comparison
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Returns By Period
In the year-to-date period, EVSD achieves a 0.77% return, which is significantly lower than XAGG's 1.93% return.
EVSD
- 1D
- -0.08%
- 1M
- 0.32%
- YTD
- 0.77%
- 6M
- 1.16%
- 1Y
- 4.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAGG
- 1D
- -0.15%
- 1M
- 0.41%
- YTD
- 1.93%
- 6M
- 2.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVSD vs. XAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 0.77% | 0.87% |
XAGG Eaton Vance Income Opportunities ETF | 1.93% | 1.61% |
Correlation
The correlation between EVSD and XAGG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025 | 0.65 |
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Return for Risk
EVSD vs. XAGG — Risk / Return Rank
EVSD
XAGG
EVSD vs. XAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) 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.
| EVSD | XAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.67 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | — | — |
| Martin ratioReturn relative to average drawdown | 16.16 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVSD | XAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.03 | 1.88 | +1.15 |
Drawdowns
EVSD vs. XAGG - Drawdown Comparison
The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum XAGG drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for EVSD and XAGG.
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Drawdown Indicators
| EVSD | XAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.26% | -2.88% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.49% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.57% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | — | — |
Volatility
EVSD vs. XAGG - Volatility Comparison
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Volatility by Period
| EVSD | XAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 3.48% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 3.48% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.94% | 3.48% | -1.54% |
EVSD vs. XAGG - Expense Ratio Comparison
EVSD has a 0.24% expense ratio, which is lower than XAGG's 0.50% expense ratio.
Dividends
EVSD vs. XAGG - Dividend Comparison
EVSD's dividend yield for the trailing twelve months is around 4.62%, more than XAGG's 3.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.62% | 4.64% | 2.91% |
XAGG Eaton Vance Income Opportunities ETF | 3.86% | 1.02% | 0.00% |
Frequently Asked Questions
EVSD and XAGG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVSD is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVSD is cheaper with a 0.24% expense ratio, compared with 0.50% for XAGG.
EVSD has the higher dividend yield at 4.62%, compared with 3.86% for XAGG.
EVSD is categorized as Short-Term Bond, while XAGG is Multisector Bonds. Their fees differ too: 0.24% for EVSD and 0.50% for XAGG.
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