XAGG vs. SIO
XAGG (Eaton Vance Income Opportunities ETF) and SIO (Touchstone Strategic Income Opportunities 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 0.65%/yr for SIO.
Performance
XAGG vs. SIO - 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 SIO's 0.79% return.
XAGG
- 1D
- 0.05%
- 1M
- 0.45%
- 6M
- 1.69%
- YTD
- 2.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIO
- 1D
- 0.06%
- 1M
- -0.29%
- 6M
- 0.61%
- YTD
- 0.79%
- 1Y
- 5.42%
- 3Y*
- 7.33%
- 5Y*
- —
- 10Y*
- —
XAGG vs. SIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.53% | 1.75% |
SIO Touchstone Strategic Income Opportunities ETF | 0.79% | 0.91% |
Correlation
The correlation between XAGG and SIO 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 |
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Return for Risk
XAGG vs. SIO — Risk / Return Rank
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SIO
XAGG vs. SIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) and Touchstone Strategic Income Opportunities ETF (SIO). 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 | SIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.89 | — |
| Martin ratioReturn relative to average drawdown | — | 5.55 | — |
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Drawdowns
XAGG vs. SIO - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum SIO drawdown of -6.94%. Use the drawdown chart below to compare losses from any high point for XAGG and SIO.
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Drawdown Indicators
| XAGG | SIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -6.94% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.34% | — |
Current DrawdownCurrent decline from peak | -0.15% | -1.13% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -1.23% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.89% | — |
Volatility
XAGG vs. SIO - Volatility Comparison
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Volatility by Period
| XAGG | SIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 4.38% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 4.96% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 4.96% | -1.51% |
XAGG vs. SIO - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is lower than SIO's 0.65% expense ratio.
Dividends
XAGG vs. SIO - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 4.45%, less than SIO's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SIO Touchstone Strategic Income Opportunities ETF | 7.00% | 6.80% | 5.30% | 5.37% | 3.12% |
XAGG Eaton Vance Income Opportunities ETF | 4.45% | 1.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG and SIO 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.
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.
XAGG is cheaper with a 0.50% expense ratio, compared with 0.65% for SIO.
SIO has the higher dividend yield at 7.00%, compared with 4.45% for XAGG.
They also come from different issuers: Eaton Vance and Touchstone. Their fees differ too: 0.50% for XAGG and 0.65% for SIO.
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