XAGG vs. EVHY
XAGG (Eaton Vance Income Opportunities ETF) and EVHY (Eaton Vance High Yield ETF) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while EVHY is a High Yield Bonds fund actively managed by Eaton Vance. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. XAGG charges 0.50%/yr vs 0.48%/yr for EVHY.
Performance
XAGG vs. EVHY - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG achieves a 2.19% return, which is significantly higher than EVHY's 1.65% return.
XAGG
- 1D
- -0.20%
- 1M
- -0.34%
- 6M
- 0.48%
- YTD
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EVHY
- 1D
- -0.02%
- 1M
- -0.28%
- 6M
- 1.34%
- YTD
- 1.65%
- 1Y
- 5.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $177.50K | $146.90K | $289.49K | |
| $9.69M | $13.10M | $11.08M |
XAGG vs. EVHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.19% | 1.75% |
EVHY Eaton Vance High Yield ETF | 1.65% | 1.77% |
Correlation
The correlation between XAGG and EVHY is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.63 |
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Return for Risk
XAGG vs. EVHY — Risk / Return Rank
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVHY
XAGG vs. EVHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Eaton Vance High Yield ETF (EVHY). 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 | EVHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.19 | — |
| Martin ratioReturn relative to average drawdown | — | 10.54 | — |
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Drawdowns
XAGG vs. EVHY - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum EVHY drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for XAGG and EVHY.
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Drawdown Indicators
| XAGG | EVHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -3.71% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.51% | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.29% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -0.36% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.52% | — |
Volatility
XAGG vs. EVHY - Volatility Comparison
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Volatility by Period
| XAGG | EVHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.37% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 4.45% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 4.45% | -1.03% |
XAGG vs. EVHY - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is higher than EVHY's 0.48% expense ratio.
Dividends
XAGG vs. EVHY - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 5.07%, less than EVHY's 7.19% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.19% | 7.39% | 7.66% | 1.44% |
XAGG Eaton Vance Income Opportunities ETF | 5.07% | 1.02% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG and EVHY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVHY is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVHY is cheaper with a 0.48% expense ratio, compared with 0.50% for XAGG.
EVHY has the higher dividend yield at 7.19%, compared with 5.07% for XAGG.
XAGG is categorized as Multisector Bonds, while EVHY is High Yield Bonds. Their fees differ too: 0.50% for XAGG and 0.48% for EVHY.
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