XAGG vs. RJVI

Last updated Jul 11, 2026

XAGG (Eaton Vance Income Opportunities ETF) and RJVI (RJ Eagle Vertical Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. XAGG charges 0.50%/yr vs 0.51%/yr for RJVI.

Performance

XAGG vs. RJVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Income Opportunities ETF (XAGG) and RJ Eagle Vertical Income ETF (RJVI). 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 RJVI's 2.06% return.

XAGG

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

RJVI

• 1D: -0.01%
• 1M: -0.29%
• 6M: 1.72%
• YTD: 2.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. RJVI - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	2.53%	1.75%
RJVI RJ Eagle Vertical Income ETF	2.06%	0.89%

Correlation

The correlation between XAGG and RJVI 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 10, 2025	0.61

Return for Risk

XAGG vs. RJVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and RJ Eagle Vertical Income ETF (RJVI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

XAGG vs. RJVI - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum RJVI drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for XAGG and RJVI.

Drawdown Indicators

	XAGG	RJVI	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-3.12%	+0.24%
Current Drawdown Current decline from peak	-0.15%	-1.11%	+0.96%
Average Drawdown Average peak-to-trough decline	-0.53%	-1.02%	+0.49%

Volatility

Volatility by Period

	XAGG	RJVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	4.13%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	4.13%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	4.13%	-0.68%

XAGG vs. RJVI - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is lower than RJVI's 0.51% expense ratio.

Dividends

XAGG vs. RJVI - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 4.45%, more than RJVI's 3.00% yield.

Position	TTM	2025
RJVI RJ Eagle Vertical Income ETF	3.00%	0.93%
XAGG Eaton Vance Income Opportunities ETF	4.45%	1.02%

Frequently Asked Questions

Can I hold both XAGG and RJVI in my portfolio?

XAGG and RJVI 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 RJVI?

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 RJVI?

XAGG is cheaper with a 0.50% expense ratio, compared with 0.51% for RJVI.

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

XAGG has the higher dividend yield at 4.45%, compared with 3.00% for RJVI.

What is the main difference between XAGG and RJVI?

They also come from different issuers: Eaton Vance and Carillon Tower Advisers. Their fees differ too: 0.50% for XAGG and 0.51% for RJVI.