XAGG vs. FIXP
XAGG (Eaton Vance Income Opportunities ETF) and FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) are both Multisector Bonds funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. XAGG charges 0.50%/yr vs 1.01%/yr for FIXP.
Performance
XAGG vs. FIXP - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG achieves a 1.93% return, which is significantly higher than FIXP's 1.33% return.
XAGG
- 1D
- -0.15%
- 1M
- 0.41%
- YTD
- 1.93%
- 6M
- 2.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIXP
- 1D
- -0.12%
- 1M
- -0.16%
- YTD
- 1.33%
- 6M
- 1.89%
- 1Y
- 6.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAGG vs. FIXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 1.93% | 1.61% |
FIXP FolioBeyond Enhanced Fixed Income Premium ETF | 1.33% | 1.36% |
Correlation
The correlation between XAGG and FIXP is 0.52, 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 | 0.52 |
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Return for Risk
XAGG vs. FIXP — Risk / Return Rank
XAGG
FIXP
XAGG vs. FIXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and FolioBeyond Enhanced Fixed Income Premium ETF (FIXP). 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.
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Sharpe Ratios by Period
| XAGG | FIXP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.88 | 1.18 | +0.70 |
Drawdowns
XAGG vs. FIXP - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum FIXP drawdown of -3.42%. Use the drawdown chart below to compare losses from any high point for XAGG and FIXP.
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Drawdown Indicators
| XAGG | FIXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -3.42% | +0.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.14% | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.56% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.57% | -0.53% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.50% | — |
Volatility
XAGG vs. FIXP - Volatility Comparison
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Volatility by Period
| XAGG | FIXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 3.02% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 3.79% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 3.79% | -0.31% |
XAGG vs. FIXP - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is lower than FIXP's 1.01% expense ratio.
Dividends
XAGG vs. FIXP - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 3.86%, less than FIXP's 5.39% yield.
| Position | TTM | 2025 |
|---|---|---|
FIXP FolioBeyond Enhanced Fixed Income Premium ETF | 5.39% | 5.27% |
XAGG Eaton Vance Income Opportunities ETF | 3.86% | 1.02% |
Frequently Asked Questions
XAGG and FIXP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XAGG is cheaper with a 0.50% expense ratio, compared with 1.01% for FIXP.
FIXP has the higher dividend yield at 5.39%, compared with 3.86% for XAGG.
They also come from different issuers: Eaton Vance and FolioBeyond. Their fees differ too: 0.50% for XAGG and 1.01% for FIXP.
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