XAGG vs. ABI

Last updated Aug 1, 2026

XAGG (Eaton Vance Income Opportunities ETF) and ABI (VictoryShares Pioneer Asset-Based Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. XAGG charges 0.50%/yr vs 0.65%/yr for ABI.

Performance

XAGG vs. ABI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Income Opportunities ETF (XAGG) and VictoryShares Pioneer Asset-Based Income ETF (ABI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAGG achieves a 2.19% return, which is significantly lower than ABI's 3.41% return.

XAGG

• 1D: -0.20%
• 1M: -0.34%
• 6M: 0.48%
• YTD: 2.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ABI

• 1D: 0.00%
• 1M: 0.32%
• 6M: 2.35%
• YTD: 3.41%
• 1Y: 4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.04%

*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)
ABI VictoryShares Pioneer Asset-Based Income ETF	$2.87K	$2.82K	$5.12K
XAGG Eaton Vance Income Opportunities ETF	$9.69M	$13.10M	$11.08M

XAGG vs. ABI - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.19%	1.75%
ABI VictoryShares Pioneer Asset-Based Income ETF	3.41%	0.71%

Correlation

The correlation between XAGG and ABI is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.33

Return for Risk

XAGG vs. ABI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XAGG

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

ABI

ABI Risk / Return Rank: 96
ABI Sharpe Ratio Rank: 98
ABI Sortino Ratio Rank: 98
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 95
ABI Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XAGG vs. ABI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and VictoryShares Pioneer Asset-Based Income ETF (ABI). 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.

	XAGG	ABI	Difference
Sharpe ratio: Return per unit of total volatility	—	4.15	—
Sortino ratio: Return per unit of downside risk	—	6.31	—
Omega ratio: Gain probability vs. loss probability	—	2.02	—
Calmar ratio: Return relative to maximum drawdown	—	5.50	—
Martin ratio: Return relative to average drawdown	—	16.70	—

Drawdowns

XAGG vs. ABI - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, which is greater than ABI's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for XAGG and ABI.

Drawdown Indicators

	XAGG	ABI	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-0.95%	-1.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.95%	—
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-0.53%	-0.16%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.31%	—

Volatility

Volatility by Period

	XAGG	ABI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.42%	1.26%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.42%	1.24%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.42%	1.24%	+2.18%

XAGG vs. ABI - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is lower than ABI's 0.65% expense ratio.

Dividends

XAGG vs. ABI - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 5.07%, less than ABI's 6.19% yield.

Position	TTM	2025
ABI VictoryShares Pioneer Asset-Based Income ETF	6.19%	3.01%
XAGG Eaton Vance Income Opportunities ETF	5.07%	1.02%

Frequently Asked Questions

Can I hold both XAGG and ABI in my portfolio?

XAGG and ABI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAGG or ABI?

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.

Which ETF is cheaper, XAGG or ABI?

XAGG is cheaper with a 0.50% expense ratio, compared with 0.65% for ABI.

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

ABI has the higher dividend yield at 6.19%, compared with 5.07% for XAGG.

What is the main difference between XAGG and ABI?

They also come from different issuers: Eaton Vance and VictoryShares. Their fees differ too: 0.50% for XAGG and 0.65% for ABI.