XAGG vs. JPIE

Last updated Jul 11, 2026

XAGG (Eaton Vance Income Opportunities ETF) and JPIE (JPMorgan Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. XAGG charges 0.50%/yr vs 0.40%/yr for JPIE.

Performance

XAGG vs. JPIE - Performance Comparison

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

Returns By Period

In the year-to-date period, XAGG achieves a 2.53% return, which is significantly higher than JPIE's 1.84% return.

XAGG

• 1D: 0.05%
• 1M: 0.45%
• 6M: 1.69%
• YTD: 2.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIE

• 1D: 0.00%
• 1M: 0.19%
• 6M: 1.73%
• YTD: 1.84%
• 1Y: 5.27%
• 3Y*: 6.76%
• 5Y*: —
• 10Y*: —

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

XAGG vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.53%	1.75%
JPIE JPMorgan Income ETF	1.84%	1.07%

Correlation

The correlation between XAGG and JPIE is 0.65, 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 10, 2025	0.65

Return for Risk

XAGG vs. JPIE — 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.

JPIE

JPIE Risk / Return Rank: 95
JPIE Sharpe Ratio Rank: 96
JPIE Sortino Ratio Rank: 97
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 91
JPIE Martin Ratio Rank: 95

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. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and JPMorgan Income ETF (JPIE). 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	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	—	3.26	—
Sortino ratio: Return per unit of downside risk	—	4.98	—
Omega ratio: Gain probability vs. loss probability	—	1.72	—
Calmar ratio: Return relative to maximum drawdown	—	4.57	—
Martin ratio: Return relative to average drawdown	—	22.24	—

Drawdowns

XAGG vs. JPIE - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for XAGG and JPIE.

Drawdown Indicators

	XAGG	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-9.96%	+7.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.28%	—
Current Drawdown Current decline from peak	-0.15%	-0.11%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.53%	-2.05%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.24%	—

Volatility

Volatility by Period

	XAGG	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	1.61%	+1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	3.49%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	3.49%	-0.04%

XAGG vs. JPIE - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is higher than JPIE's 0.40% expense ratio.

Dividends

XAGG vs. JPIE - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 4.45%, less than JPIE's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021
JPIE JPMorgan Income ETF	5.63%	5.65%	6.11%	5.70%	4.49%	0.63%
XAGG Eaton Vance Income Opportunities ETF	4.45%	1.02%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGG and JPIE in my portfolio?

XAGG and JPIE have a correlation of 0.65, 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 JPIE?

On fees, JPIE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAGG or JPIE?

JPIE is cheaper with a 0.40% expense ratio, compared with 0.50% for XAGG.

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

JPIE has the higher dividend yield at 5.63%, compared with 4.45% for XAGG.

What is the main difference between XAGG and JPIE?

They also come from different issuers: Eaton Vance and JPMorgan. Their fees differ too: 0.50% for XAGG and 0.40% for JPIE.