XAGG vs. FIXP

Last updated Jul 18, 2026

XAGG (Eaton Vance Income Opportunities ETF) and FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. XAGG charges 0.50%/yr vs 1.01%/yr for FIXP.

Performance

XAGG vs. FIXP - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with XAGG having a 2.38% return and FIXP slightly higher at 2.48%.

XAGG

• 1D: -0.10%
• 1M: 0.12%
• 6M: 1.61%
• YTD: 2.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIXP

• 1D: -0.03%
• 1M: 1.14%
• 6M: 1.58%
• YTD: 2.48%
• 1Y: 6.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. FIXP - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.38%	1.75%
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	2.48%	1.44%

Correlation

The correlation between XAGG and FIXP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.45

Return for Risk

XAGG vs. FIXP — 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.

FIXP

FIXP Risk / Return Rank: 84
FIXP Sharpe Ratio Rank: 83
FIXP Sortino Ratio Rank: 86
FIXP Omega Ratio Rank: 86
FIXP Calmar Ratio Rank: 79
FIXP Martin Ratio Rank: 87

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. 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.

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	FIXP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.03	—
Sortino ratio: Return per unit of downside risk	—	3.07	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.07	—
Martin ratio: Return relative to average drawdown	—	13.83	—

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.

Drawdown Indicators

	XAGG	FIXP	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-3.42%	+0.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.14%	—
Current Drawdown Current decline from peak	-0.30%	-0.10%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.51%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.47%	—

Volatility

Volatility by Period

	XAGG	FIXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	3.23%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	3.86%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	3.86%	-0.41%

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 4.45%, less than FIXP's 5.25% yield.

Position	TTM	2025
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	5.25%	5.27%
XAGG Eaton Vance Income Opportunities ETF	4.45%	1.02%

Frequently Asked Questions

Can I hold both XAGG and FIXP in my portfolio?

XAGG and FIXP have a correlation of 0.45, 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 FIXP?

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 FIXP?

XAGG is cheaper with a 0.50% expense ratio, compared with 1.01% for FIXP.

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

FIXP has the higher dividend yield at 5.25%, compared with 4.45% for XAGG.

What is the main difference between XAGG and FIXP?

They also come from different issuers: Eaton Vance and FolioBeyond. Their fees differ too: 0.50% for XAGG and 1.01% for FIXP.