XAGG vs. MUSI
XAGG (Eaton Vance Income Opportunities ETF) and MUSI (American Century Multisector Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. XAGG charges 0.50%/yr vs 0.36%/yr for MUSI.
Performance
XAGG vs. MUSI - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG achieves a 2.53% return, which is significantly higher than MUSI's 0.78% return.
XAGG
- 1D
- 0.05%
- 1M
- 0.45%
- 6M
- 1.69%
- YTD
- 2.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUSI
- 1D
- -0.08%
- 1M
- -0.07%
- 6M
- 0.53%
- YTD
- 0.78%
- 1Y
- 4.77%
- 3Y*
- 6.59%
- 5Y*
- 2.14%
- 10Y*
- —
XAGG vs. MUSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.53% | 1.75% |
MUSI American Century Multisector Income ETF | 0.78% | 0.82% |
Correlation
The correlation between XAGG and MUSI is 0.70, 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 | 0.70 |
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Return for Risk
XAGG vs. MUSI — Risk / Return Rank
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUSI
XAGG vs. MUSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and American Century Multisector Income ETF (MUSI). 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 | MUSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.68 | — |
| Martin ratioReturn relative to average drawdown | — | 5.70 | — |
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Drawdowns
XAGG vs. MUSI - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum MUSI drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for XAGG and MUSI.
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Drawdown Indicators
| XAGG | MUSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -13.91% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.91% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.96% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -4.15% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.82% | — |
Volatility
XAGG vs. MUSI - Volatility Comparison
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Volatility by Period
| XAGG | MUSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.37% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 4.83% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 4.82% | -1.37% |
XAGG vs. MUSI - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is higher than MUSI's 0.36% expense ratio.
Dividends
XAGG vs. MUSI - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 4.45%, less than MUSI's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | 5.45% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% |
XAGG Eaton Vance Income Opportunities ETF | 4.45% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG and MUSI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUSI is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUSI is cheaper with a 0.36% expense ratio, compared with 0.50% for XAGG.
MUSI has the higher dividend yield at 5.45%, compared with 4.45% for XAGG.
They also come from different issuers: Eaton Vance and American Century. Their fees differ too: 0.50% for XAGG and 0.36% for MUSI.
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