XAGG vs. EVSB
XAGG (Eaton Vance Income Opportunities ETF) and EVSB (Eaton Vance Ultra-Short Income ETF) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while EVSB is a Ultrashort Bond fund actively managed by Eaton Vance. Both are actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. XAGG charges 0.50%/yr vs 0.17%/yr for EVSB.
Performance
XAGG vs. EVSB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XAGG having a 2.19% return and EVSB slightly higher at 2.27%.
XAGG
- 1D
- -0.20%
- 1M
- -0.34%
- 6M
- 0.48%
- YTD
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EVSB
- 1D
- 0.01%
- 1M
- 0.23%
- 6M
- 1.68%
- YTD
- 2.27%
- 1Y
- 4.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $1.41M | $2.03M | |
| $9.69M | $13.10M | $11.08M |
XAGG vs. EVSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.19% | 1.75% |
EVSB Eaton Vance Ultra-Short Income ETF | 2.27% | 0.64% |
Correlation
The correlation between XAGG and EVSB is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.22 |
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Return for Risk
XAGG vs. EVSB — Risk / Return Rank
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVSB
XAGG vs. EVSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Eaton Vance Ultra-Short Income ETF (EVSB). 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 | EVSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.62 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 17.79 | — |
| Martin ratioReturn relative to average drawdown | — | 101.10 | — |
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Drawdowns
XAGG vs. EVSB - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, which is greater than EVSB's maximum drawdown of -0.31%. Use the drawdown chart below to compare losses from any high point for XAGG and EVSB.
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Drawdown Indicators
| XAGG | EVSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -0.31% | -2.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.25% | — |
Current DrawdownCurrent decline from peak | -0.49% | 0.00% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -0.02% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
XAGG vs. EVSB - Volatility Comparison
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Volatility by Period
| XAGG | EVSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 0.78% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 0.81% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 0.81% | +2.61% |
XAGG vs. EVSB - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is higher than EVSB's 0.17% expense ratio.
Dividends
XAGG vs. EVSB - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 5.07%, more than EVSB's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVSB Eaton Vance Ultra-Short Income ETF | 4.55% | 4.63% | 5.18% | 1.21% |
XAGG Eaton Vance Income Opportunities ETF | 5.07% | 1.02% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG and EVSB have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVSB is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVSB is cheaper with a 0.17% expense ratio, compared with 0.50% for XAGG.
XAGG has the higher dividend yield at 5.07%, compared with 4.55% for EVSB.
XAGG is categorized as Multisector Bonds, while EVSB is Ultrashort Bond. Their fees differ too: 0.50% for XAGG and 0.17% for EVSB.
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