XAGG vs. NFLT

Last updated Jun 4, 2026

XAGG (Eaton Vance Income Opportunities ETF) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

XAGG vs. NFLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Income Opportunities ETF (XAGG) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAGG achieves a 1.93% return, which is significantly higher than NFLT's 1.50% return.

XAGG

• 1D: -0.15%
• 1M: 0.41%
• YTD: 1.93%
• 6M: 2.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NFLT

• 1D: -0.16%
• 1M: 0.47%
• YTD: 1.50%
• 6M: 1.58%
• 1Y: 7.11%
• 3Y*: 7.38%
• 5Y*: 3.15%
• 10Y*: 4.13%

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

XAGG vs. NFLT - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	1.93%	1.61%
NFLT Virtus Newfleet Multi-Sector Bond ETF	1.50%	0.47%

Correlation

The correlation between XAGG and NFLT is 0.61, 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	0.61

Return for Risk

XAGG vs. NFLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NFLT

NFLT Risk / Return Rank: 57
NFLT Sharpe Ratio Rank: 52
NFLT Sortino Ratio Rank: 53
NFLT Omega Ratio Rank: 52
NFLT Calmar Ratio Rank: 60
NFLT Martin Ratio Rank: 70

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. NFLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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.

Sharpe Ratios by Period

	XAGG	NFLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	0.84	+1.04

Drawdowns

XAGG vs. NFLT - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum NFLT drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for XAGG and NFLT.

Drawdown Indicators

	XAGG	NFLT	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-15.17%	+12.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.17%	—
Current Drawdown Current decline from peak	-0.49%	-0.33%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.57%	-2.10%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	XAGG	NFLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	4.01%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	4.43%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	4.93%	-1.45%

XAGG vs. NFLT - Expense Ratio Comparison

Both XAGG and NFLT have an expense ratio of 0.50%.

Dividends

XAGG vs. NFLT - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 3.86%, less than NFLT's 5.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFLT Virtus Newfleet Multi-Sector Bond ETF	5.50%	5.74%	5.76%	6.02%	4.16%	3.41%	3.63%	4.33%	4.81%	6.23%	5.30%	0.67%
XAGG Eaton Vance Income Opportunities ETF	3.86%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGG and NFLT in my portfolio?

XAGG and NFLT have a correlation of 0.61, 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 NFLT?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAGG or NFLT?

XAGG and NFLT have the same expense ratio: 0.50% per year.

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

NFLT has the higher dividend yield at 5.50%, compared with 3.86% for XAGG.

What is the main difference between XAGG and NFLT?

They also come from different issuers: Eaton Vance and Virtus.