XAGG vs. EVIM

Last updated Jun 3, 2026

XAGG (Eaton Vance Income Opportunities ETF) and EVIM (Eaton Vance Intermediate Municipal Income ETF) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while EVIM is a Municipal Bonds fund actively managed by Eaton Vance. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. XAGG charges 0.50%/yr vs 0.29%/yr for EVIM.

Performance

XAGG vs. EVIM - Performance Comparison

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

Returns By Period

In the year-to-date period, XAGG achieves a 2.08% return, which is significantly higher than EVIM's 1.24% return.

XAGG

• 1D: 0.01%
• 1M: 0.34%
• YTD: 2.08%
• 6M: 2.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVIM

• 1D: 0.06%
• 1M: 0.56%
• YTD: 1.24%
• 6M: 1.77%
• 1Y: 7.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. EVIM - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.08%	1.61%
EVIM Eaton Vance Intermediate Municipal Income ETF	1.24%	0.56%

Correlation

The correlation between XAGG and EVIM is 0.51, 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 11, 2025	0.51

Return for Risk

XAGG vs. EVIM — Risk / Return Rank

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

EVIM

EVIM Risk / Return Rank: 72
EVIM Sharpe Ratio Rank: 83
EVIM Sortino Ratio Rank: 89
EVIM Omega Ratio Rank: 92
EVIM Calmar Ratio Rank: 49
EVIM Martin Ratio Rank: 47

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. EVIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Eaton Vance Intermediate Municipal Income ETF (EVIM). 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	EVIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.56	+0.41

Drawdowns

XAGG vs. EVIM - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum EVIM drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for XAGG and EVIM.

Drawdown Indicators

	XAGG	EVIM	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-4.23%	+1.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.05%	—
Current Drawdown Current decline from peak	-0.34%	-1.14%	+0.80%
Average Drawdown Average peak-to-trough decline	-0.57%	-0.88%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	XAGG	EVIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	2.82%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	3.86%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	3.86%	-0.38%

XAGG vs. EVIM - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is higher than EVIM's 0.29% expense ratio.

Dividends

XAGG vs. EVIM - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 3.86%, more than EVIM's 3.55% yield.

Position	TTM	2025	2024	2023
EVIM Eaton Vance Intermediate Municipal Income ETF	3.55%	3.58%	3.56%	0.78%
XAGG Eaton Vance Income Opportunities ETF	3.86%	1.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGG and EVIM in my portfolio?

XAGG and EVIM have a correlation of 0.51, 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 EVIM?

On fees, EVIM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAGG or EVIM?

EVIM is cheaper with a 0.29% expense ratio, compared with 0.50% for XAGG.

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

XAGG has the higher dividend yield at 3.86%, compared with 3.55% for EVIM.

What is the main difference between XAGG and EVIM?

XAGG is categorized as Multisector Bonds, while EVIM is Municipal Bonds. Their fees differ too: 0.50% for XAGG and 0.29% for EVIM.