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. Their 0.71 correlation means they have sometimes moved together and sometimes differently. 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 2.19% return, which is significantly higher than MUSI's 0.15% return.
XAGG
- 1D
- -0.20%
- 1M
- -0.34%
- 6M
- 0.48%
- YTD
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MUSI
- 1D
- -0.24%
- 1M
- -1.04%
- 6M
- -0.23%
- YTD
- 0.15%
- 1Y
- 3.21%
- 3Y*
- 6.21%
- 5Y*
- 1.98%
- 10Y*
- —
- ALL TIME*
- 2.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.00M | $912.07K | $885.15K | |
| $9.69M | $13.10M | $11.08M |
XAGG vs. MUSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.19% | 1.75% |
MUSI American Century Multisector Income ETF | 0.15% | 0.82% |
Correlation
The correlation between XAGG and MUSI is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.71 |
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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 | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.35 | — |
| Martin ratioReturn relative to average drawdown | — | 4.31 | — |
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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 | — | -3.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.91% | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.58% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -4.12% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.87% | — |
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 | — | 0.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.43% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 4.85% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 4.81% | -1.39% |
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 5.07%, less than MUSI's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MUSI American Century Multisector Income ETF | 5.00% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% |
XAGG Eaton Vance Income Opportunities ETF | 5.07% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG and MUSI have a correlation of 0.71, 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.
XAGG has the higher dividend yield at 5.07%, compared with 5.00% for MUSI.
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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