XAGG vs. BSSX

Last updated Jun 5, 2026

XAGG (Eaton Vance Income Opportunities ETF) and BSSX (Invesco BulletShares 2033 Municipal Bond ETF) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while BSSX is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2033 Index. XAGG is actively managed, while BSSX is passively managed. At a 0.40 correlation, their price movements are largely independent. XAGG charges 0.50%/yr vs 0.18%/yr for BSSX.

Performance

XAGG vs. BSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Income Opportunities ETF (XAGG) and Invesco BulletShares 2033 Municipal Bond ETF (BSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAGG achieves a 2.05% return, which is significantly higher than BSSX's 1.06% return.

XAGG

• 1D: 0.12%
• 1M: 0.42%
• YTD: 2.05%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSSX

• 1D: 0.15%
• 1M: 0.66%
• YTD: 1.06%
• 6M: 1.73%
• 1Y: 7.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. BSSX - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.05%	1.61%
BSSX Invesco BulletShares 2033 Municipal Bond ETF	1.06%	0.45%

Correlation

The correlation between XAGG and BSSX is 0.40, 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 11, 2025	0.40

Return for Risk

XAGG vs. BSSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSSX

BSSX Risk / Return Rank: 59
BSSX Sharpe Ratio Rank: 64
BSSX Sortino Ratio Rank: 70
BSSX Omega Ratio Rank: 75
BSSX Calmar Ratio Rank: 44
BSSX Martin Ratio Rank: 42

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. BSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Invesco BulletShares 2033 Municipal Bond ETF (BSSX). 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.

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

Sharpe Ratios by Period

	XAGG	BSSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.94	0.58	+1.36

Drawdowns

XAGG vs. BSSX - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum BSSX drawdown of -8.12%. Use the drawdown chart below to compare losses from any high point for XAGG and BSSX.

Drawdown Indicators

	XAGG	BSSX	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-8.12%	+5.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.28%	—
Current Drawdown Current decline from peak	-0.37%	-0.97%	+0.60%
Average Drawdown Average peak-to-trough decline	-0.57%	-3.26%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	XAGG	BSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.47%	3.36%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.47%	7.83%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.47%	7.83%	-4.36%

XAGG vs. BSSX - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is higher than BSSX's 0.18% expense ratio.

Dividends

XAGG vs. BSSX - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 3.86%, more than BSSX's 3.30% yield.

Position	TTM	2025	2024	2023
BSSX Invesco BulletShares 2033 Municipal Bond ETF	3.30%	3.27%	3.29%	0.95%
XAGG Eaton Vance Income Opportunities ETF	3.86%	1.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGG and BSSX in my portfolio?

XAGG and BSSX have a correlation of 0.40, 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 BSSX?

On fees, BSSX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAGG or BSSX?

BSSX is cheaper with a 0.18% expense ratio, compared with 0.50% for XAGG.

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

XAGG has the higher dividend yield at 3.86%, compared with 3.30% for BSSX.

What is the main difference between XAGG and BSSX?

XAGG is categorized as Multisector Bonds, while BSSX is Municipal Bonds. They also come from different issuers: Eaton Vance and Invesco. Their fees differ too: 0.50% for XAGG and 0.18% for BSSX.