FIXP vs. XAGG
FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) and XAGG (Eaton Vance Income Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. FIXP charges 1.01%/yr vs 0.50%/yr for XAGG.
Performance
FIXP vs. XAGG - Performance Comparison
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Returns By Period
In the year-to-date period, FIXP achieves a 1.33% return, which is significantly lower than XAGG's 1.93% return.
FIXP
- 1D
- -0.12%
- 1M
- -0.16%
- YTD
- 1.33%
- 6M
- 1.89%
- 1Y
- 6.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAGG
- 1D
- -0.15%
- 1M
- 0.41%
- YTD
- 1.93%
- 6M
- 2.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIXP vs. XAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIXP FolioBeyond Enhanced Fixed Income Premium ETF | 1.33% | 1.36% |
XAGG Eaton Vance Income Opportunities ETF | 1.93% | 1.61% |
Correlation
The correlation between FIXP and XAGG is 0.52, 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 | 0.52 |
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Return for Risk
FIXP vs. XAGG — Risk / Return Rank
FIXP
XAGG
FIXP vs. XAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) 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.
| FIXP | XAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | — | — |
| Martin ratioReturn relative to average drawdown | 13.24 | — | — |
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
| FIXP | XAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 1.88 | -0.70 |
Drawdowns
FIXP vs. XAGG - Drawdown Comparison
The maximum FIXP drawdown since its inception was -3.42%, which is greater than XAGG's maximum drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for FIXP and XAGG.
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Drawdown Indicators
| FIXP | XAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.42% | -2.88% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.49% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -0.57% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | — | — |
Volatility
FIXP vs. XAGG - Volatility Comparison
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Volatility by Period
| FIXP | XAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 3.48% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 3.48% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 3.48% | +0.31% |
FIXP vs. XAGG - Expense Ratio Comparison
FIXP has a 1.01% expense ratio, which is higher than XAGG's 0.50% expense ratio.
Dividends
FIXP vs. XAGG - Dividend Comparison
FIXP's dividend yield for the trailing twelve months is around 5.39%, more than XAGG's 3.86% yield.
| Position | TTM | 2025 |
|---|---|---|
FIXP FolioBeyond Enhanced Fixed Income Premium ETF | 5.39% | 5.27% |
XAGG Eaton Vance Income Opportunities ETF | 3.86% | 1.02% |
Frequently Asked Questions
FIXP and XAGG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAGG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG is cheaper with a 0.50% expense ratio, compared with 1.01% for FIXP.
FIXP has the higher dividend yield at 5.39%, compared with 3.86% for XAGG.
They also come from different issuers: FolioBeyond and Eaton Vance. Their fees differ too: 1.01% for FIXP and 0.50% for XAGG.
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