XAGG vs. EIPI

Last updated Jun 25, 2026

XAGG (Eaton Vance Income Opportunities ETF) and EIPI (FT Energy Income Partners Enhanced Income ETF) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while EIPI is a Derivative Income fund actively managed by First Trust. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. XAGG charges 0.50%/yr vs 1.11%/yr for EIPI.

Performance

XAGG vs. EIPI - Performance Comparison

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

Returns By Period

In the year-to-date period, XAGG achieves a 2.10% return, which is significantly lower than EIPI's 13.41% return.

XAGG

• 1D: 0.09%
• 1M: 0.54%
• YTD: 2.10%
• 6M: 1.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPI

• 1D: -0.90%
• 1M: -3.57%
• YTD: 13.41%
• 6M: 14.04%
• 1Y: 19.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. EIPI - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.10%	1.75%
EIPI FT Energy Income Partners Enhanced Income ETF	13.41%	1.41%

Correlation

The correlation between XAGG and EIPI is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	-0.07

Return for Risk

XAGG vs. EIPI — 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.

EIPI

EIPI Risk / Return Rank: 74
EIPI Sharpe Ratio Rank: 71
EIPI Sortino Ratio Rank: 75
EIPI Omega Ratio Rank: 63
EIPI Calmar Ratio Rank: 84
EIPI Martin Ratio Rank: 76

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. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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	EIPI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.01	—
Sortino ratio: Return per unit of downside risk	—	2.96	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	4.09	—
Martin ratio: Return relative to average drawdown	—	12.81	—

Drawdowns

XAGG vs. EIPI - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum EIPI drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for XAGG and EIPI.

Drawdown Indicators

	XAGG	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-12.33%	+9.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.77%	—
Current Drawdown Current decline from peak	-0.51%	-3.58%	+3.07%
Average Drawdown Average peak-to-trough decline	-0.56%	-1.70%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.52%	—

Volatility

Volatility by Period

	XAGG	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	9.73%	-6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	13.03%	-9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	13.03%	-9.53%

XAGG vs. EIPI - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is lower than EIPI's 1.11% expense ratio.

Dividends

XAGG vs. EIPI - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 3.86%, less than EIPI's 6.85% yield.

Position	TTM	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	6.85%	9.71%	6.31%
XAGG Eaton Vance Income Opportunities ETF	3.86%	1.02%	0.00%

Frequently Asked Questions

Can I hold both XAGG and EIPI in my portfolio?

XAGG and EIPI have a correlation of -0.07, 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 EIPI?

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 EIPI?

XAGG is cheaper with a 0.50% expense ratio, compared with 1.11% for EIPI.

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

EIPI has the higher dividend yield at 6.85%, compared with 3.86% for XAGG.

What is the main difference between XAGG and EIPI?

XAGG is categorized as Multisector Bonds, while EIPI is Derivative Income. They also come from different issuers: Eaton Vance and First Trust. Their fees differ too: 0.50% for XAGG and 1.11% for EIPI.