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. At a 0.48 correlation, their price movements are largely independent. 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 2.10% return, which is significantly lower than XAGG's 2.24% return.
FIXP
- 1D
- -0.14%
- 1M
- 0.37%
- 6M
- 1.75%
- YTD
- 2.10%
- 1Y
- 5.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAGG
- 1D
- -0.29%
- 1M
- 0.16%
- 6M
- 1.41%
- YTD
- 2.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIXP vs. XAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIXP FolioBeyond Enhanced Fixed Income Premium ETF | 2.10% | 1.44% |
XAGG Eaton Vance Income Opportunities ETF | 2.24% | 1.75% |
Correlation
The correlation between FIXP and XAGG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.48 |
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Return for Risk
FIXP vs. XAGG — Risk / Return Rank
FIXP
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| FIXP | XAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | — | — |
| Martin ratioReturn relative to average drawdown | 11.89 | — | — |
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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 | -0.16% | -0.44% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -0.53% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
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 | 1.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 3.46% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.46% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 3.46% | +0.40% |
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 5.27%, more than XAGG's 4.46% yield.
| Position | TTM | 2025 |
|---|---|---|
FIXP FolioBeyond Enhanced Fixed Income Premium ETF | 5.27% | 5.27% |
XAGG Eaton Vance Income Opportunities ETF | 4.46% | 1.02% |
Frequently Asked Questions
FIXP and XAGG have a correlation of 0.48, 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 5.27%, compared with 4.46% 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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