XAGG vs. BLUI

Last updated Jul 11, 2026

XAGG (Eaton Vance Income Opportunities ETF) and BLUI (Bluemonte Diversified Income ETF) are both Multisector Bonds funds. A 0.55 correlation means they provide meaningful diversification when combined. XAGG charges 0.50%/yr vs 0.75%/yr for BLUI.

Performance

XAGG vs. BLUI - Performance Comparison

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

Returns By Period

In the year-to-date period, XAGG achieves a 2.53% return, which is significantly lower than BLUI's 3.90% return.

XAGG

• 1D: 0.05%
• 1M: 0.45%
• 6M: 1.69%
• YTD: 2.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLUI

• 1D: -0.05%
• 1M: 0.14%
• 6M: 3.16%
• YTD: 3.90%
• 1Y: 7.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. BLUI - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.53%	1.75%
BLUI Bluemonte Diversified Income ETF	3.90%	0.63%

Correlation

The correlation between XAGG and BLUI is 0.55, 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	0.55

Return for Risk

XAGG vs. BLUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

BLUI

BLUI Risk / Return Rank: 79
BLUI Sharpe Ratio Rank: 76
BLUI Sortino Ratio Rank: 80
BLUI Omega Ratio Rank: 81
BLUI Calmar Ratio Rank: 74
BLUI Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XAGG vs. BLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Bluemonte Diversified Income ETF (BLUI). 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	BLUI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.83	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.01	—
Martin ratio: Return relative to average drawdown	—	13.24	—

Drawdowns

XAGG vs. BLUI - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, which is greater than BLUI's maximum drawdown of -2.43%. Use the drawdown chart below to compare losses from any high point for XAGG and BLUI.

Drawdown Indicators

	XAGG	BLUI	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-2.43%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.43%	—
Current Drawdown Current decline from peak	-0.15%	-0.21%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.53%	-0.35%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	XAGG	BLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	3.83%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	3.86%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	3.86%	-0.41%

XAGG vs. BLUI - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is lower than BLUI's 0.75% expense ratio.

Dividends

XAGG vs. BLUI - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 4.45%, less than BLUI's 5.05% yield.

Position	TTM	2025
BLUI Bluemonte Diversified Income ETF	5.05%	2.91%
XAGG Eaton Vance Income Opportunities ETF	4.45%	1.02%

Frequently Asked Questions

Can I hold both XAGG and BLUI in my portfolio?

XAGG and BLUI have a correlation of 0.55, 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 BLUI?

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 BLUI?

XAGG is cheaper with a 0.50% expense ratio, compared with 0.75% for BLUI.

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

BLUI has the higher dividend yield at 5.05%, compared with 4.45% for XAGG.

What is the main difference between XAGG and BLUI?

They also come from different issuers: Eaton Vance and Bluemonte. Their fees differ too: 0.50% for XAGG and 0.75% for BLUI.