MULT vs. XAGG

Last updated Aug 4, 2026

MULT (Franklin Multisector Income ETF) and XAGG (Eaton Vance Income Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. MULT charges 0.39%/yr vs 0.50%/yr for XAGG.

Performance

MULT vs. XAGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Multisector Income ETF (MULT) and Eaton Vance Income Opportunities ETF (XAGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MULT achieves a 0.88% return, which is significantly lower than XAGG's 2.30% return.

MULT

• 1D: 0.18%
• 1M: -0.46%
• 6M: 0.68%
• YTD: 0.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XAGG

• 1D: 0.11%
• 1M: -0.23%
• 6M: 0.78%
• YTD: 2.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MULT Franklin Multisector Income ETF	$7.60K	$5.80K	$5.03K
XAGG Eaton Vance Income Opportunities ETF	$10.08M	$12.91M	$11.26M

MULT vs. XAGG - Yearly Performance Comparison

	2026 (YTD)	2025
MULT Franklin Multisector Income ETF	0.88%	1.19%
XAGG Eaton Vance Income Opportunities ETF	2.30%	1.75%

Correlation

The correlation between MULT and XAGG is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.60

Return for Risk

MULT vs. XAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

MULT vs. XAGG - Drawdown Comparison

The maximum MULT drawdown since its inception was -1.70%, smaller than the maximum XAGG drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for MULT and XAGG.

Drawdown Indicators

	MULT	XAGG	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-2.88%	+1.18%
Current Drawdown Current decline from peak	-0.50%	-0.38%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.53%	+0.21%

Volatility

Volatility by Period

	MULT	XAGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.93%	3.42%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.93%	3.42%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.93%	3.42%	-0.49%

MULT vs. XAGG - Expense Ratio Comparison

MULT has a 0.39% expense ratio, which is lower than XAGG's 0.50% expense ratio.

Dividends

MULT vs. XAGG - Dividend Comparison

MULT's dividend yield for the trailing twelve months is around 4.25%, less than XAGG's 5.06% yield.

Position	TTM	2025
MULT Franklin Multisector Income ETF	4.25%	1.56%
XAGG Eaton Vance Income Opportunities ETF	5.06%	1.02%

Frequently Asked Questions

Can I hold both MULT and XAGG in my portfolio?

MULT and XAGG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MULT or XAGG?

On fees, MULT is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MULT or XAGG?

MULT is cheaper with a 0.39% expense ratio, compared with 0.50% for XAGG.

Which ETF pays a higher dividend yield, MULT or XAGG?

XAGG has the higher dividend yield at 5.06%, compared with 4.25% for MULT.

What is the main difference between MULT and XAGG?

They also come from different issuers: Franklin and Eaton Vance. Their fees differ too: 0.39% for MULT and 0.50% for XAGG.