NFLT vs. XAGG
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and XAGG (Eaton Vance Income Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
NFLT vs. XAGG - Performance Comparison
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Returns By Period
In the year-to-date period, NFLT achieves a 2.00% return, which is significantly lower than XAGG's 2.48% return.
NFLT
- 1D
- -0.04%
- 1M
- -0.06%
- 6M
- 1.38%
- YTD
- 2.00%
- 1Y
- 6.69%
- 3Y*
- 7.12%
- 5Y*
- 3.11%
- 10Y*
- 3.91%
XAGG
- 1D
- -0.14%
- 1M
- -0.14%
- 6M
- 1.80%
- YTD
- 2.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLT vs. XAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 2.00% | 0.60% |
XAGG Eaton Vance Income Opportunities ETF | 2.48% | 1.75% |
Correlation
The correlation between NFLT and XAGG is 0.62, 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 10, 2025 | 0.62 |
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Return for Risk
NFLT vs. XAGG — Risk / Return Rank
NFLT
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFLT vs. XAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
| NFLT | XAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | — | — |
| Martin ratioReturn relative to average drawdown | 12.01 | — | — |
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Drawdowns
NFLT vs. XAGG - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, which is greater than XAGG's maximum drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for NFLT and XAGG.
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Drawdown Indicators
| NFLT | XAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -2.88% | -12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.20% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -0.53% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | — | — |
Volatility
NFLT vs. XAGG - Volatility Comparison
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Volatility by Period
| NFLT | XAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 3.45% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 3.45% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 3.45% | +1.48% |
NFLT vs. XAGG - Expense Ratio Comparison
Both NFLT and XAGG have an expense ratio of 0.50%.
Dividends
NFLT vs. XAGG - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.48%, more than XAGG's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
XAGG Eaton Vance Income Opportunities ETF | 4.45% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFLT and XAGG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NFLT and XAGG have the same expense ratio: 0.50% per year.
NFLT has the higher dividend yield at 5.48%, compared with 4.45% for XAGG.
They also come from different issuers: Virtus and Eaton Vance.
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