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XMPT vs. AGG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMPT vs. AGG

Last updated Jun 3, 2026

XMPT (VanEck CEF Municipal Income ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - XMPT is a High Yield Muni fund tracking the S-Network Municipal Bond Closed-End Fund Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, XMPT returned 1.98%/yr vs 1.59%/yr for AGG. At a 0.41 correlation, their price movements are largely independent. XMPT charges 1.97%/yr vs 0.03%/yr for AGG.

Performance

XMPT vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck CEF Municipal Income ETF (XMPT) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XMPT achieves a 2.72% return, which is significantly higher than AGG's 0.47% return. Over the past 10 years, XMPT has outperformed AGG with an annualized return of 1.98%, while AGG has yielded a comparatively lower 1.59% annualized return.

XMPT

1D
-0.09%
1M
1.03%
YTD
2.72%
6M
3.73%
1Y
12.34%
3Y*
7.38%
5Y*
-1.07%
10Y*
1.98%

AGG

1D
0.03%
1M
0.14%
YTD
0.47%
6M
0.49%
1Y
5.29%
3Y*
4.02%
5Y*
0.23%
10Y*
1.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMPT vs. AGG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMPT
VanEck CEF Municipal Income ETF		2.72%8.01%7.01%2.55%-24.02%7.94%7.70%20.36%-5.85%8.28%
AGG
iShares Core U.S. Aggregate Bond ETF		0.47%7.19%1.31%5.65%-13.02%-1.77%7.48%8.46%0.09%3.55%

Correlation

The correlation between XMPT and AGG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2011

0.41

The correlation between XMPT and AGG shifts across timeframes, from 0.41 (all time) to 0.56 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck CEF Municipal Income ETF

iShares Core U.S. Aggregate Bond ETF

Often compared with XMPT:
XMPT vs. FMHIXMPT vs. FLMIXMPT vs. FCEFXMPT vs. LDSFXMPT vs. MUSTXMPT vs. SPYXMPT vs. VOO
Often compared with AGG:
AGG vs. BNDAGG vs. TLTAGG vs. HYGAGG vs. FBNDAGG vs. PIMIXAGG vs. IUSBAGG vs. AGGH

Return for Risk

XMPT vs. AGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMPT
XMPT Risk / Return Rank: 4848
Overall Rank
XMPT Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XMPT Sortino Ratio Rank: 5252
Sortino Ratio Rank
XMPT Omega Ratio Rank: 5555
Omega Ratio Rank
XMPT Calmar Ratio Rank: 3737
Calmar Ratio Rank
XMPT Martin Ratio Rank: 4545
Martin Ratio Rank
AGG
AGG Risk / Return Rank: 3737
Overall Rank
AGG Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
AGG Sortino Ratio Rank: 4040
Sortino Ratio Rank
AGG Omega Ratio Rank: 3737
Omega Ratio Rank
AGG Calmar Ratio Rank: 3636
Calmar Ratio Rank
AGG Martin Ratio Rank: 3535
Martin Ratio Rank
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.

XMPT vs. AGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.

XMPTAGGDifference

Sharpe ratio

Return per unit of total volatility

1.72

1.38

+0.34

Sortino ratio

Return per unit of downside risk

2.55

2.06

+0.49

Omega ratio

Gain probability vs. loss probability

1.34

1.25

+0.10

Calmar ratio

Return relative to maximum drawdown

1.82

1.81

+0.01

Martin ratio

Return relative to average drawdown

7.48

5.61

+1.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMPT vs. AGG - Sharpe Ratio Comparison

The current XMPT Sharpe Ratio is 1.72, which is comparable to the AGG Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of XMPT and AGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XMPTAGGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

1.38

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.11

0.04

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

0.30

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.59

-0.17

Drawdowns

XMPT vs. AGG - Drawdown Comparison

The maximum XMPT drawdown since its inception was -35.24%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for XMPT and AGG.

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Drawdown Indicators

XMPTAGGDifference

Max Drawdown

Largest peak-to-trough decline

-35.24%

-18.43%

-16.81%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-2.76%

-3.81%

Max Drawdown (3Y)

Largest decline over 3 years

-15.04%

-6.11%

-8.93%

Max Drawdown (5Y)

Largest decline over 5 years

-35.24%

-17.82%

-17.42%

Max Drawdown (10Y)

Largest decline over 10 years

-35.24%

-18.43%

-16.81%

Current Drawdown

Current decline from peak

-8.61%

-1.93%

-6.68%

Average Drawdown

Average peak-to-trough decline

-8.82%

-2.71%

-6.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

0.89%

+0.71%

Volatility

XMPT vs. AGG - Volatility Comparison

VanEck CEF Municipal Income ETF (XMPT) has a higher volatility of 2.91% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.32%. This indicates that XMPT's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMPTAGGDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

1.32%

+1.59%

Volatility (6M)

Calculated over the trailing 6-month period

6.03%

2.76%

+3.27%

Volatility (1Y)

Calculated over the trailing 1-year period

7.21%

3.85%

+3.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.35%

6.09%

+3.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.36%

5.41%

+4.95%

XMPT vs. AGG - Expense Ratio Comparison

XMPT has a 1.97% expense ratio, which is higher than AGG's 0.03% expense ratio.

Dividends

XMPT vs. AGG - Dividend Comparison

XMPT's dividend yield for the trailing twelve months is around 6.31%, more than AGG's 3.98% yield.

PositionTTM20252024202320222021202020192018201720162015
AGG
iShares Core U.S. Aggregate Bond ETF		3.98%3.89%3.74%3.13%2.39%1.77%2.14%2.70%2.72%2.32%2.39%2.45%
XMPT
VanEck CEF Municipal Income ETF		6.31%5.87%5.35%3.81%5.12%3.74%3.79%4.08%5.05%4.84%5.35%5.24%

Frequently Asked Questions

XMPT and AGG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XMPT has higher volatility (2.91%) compared to AGG (1.32%). In terms of maximum drawdown, XMPT dropped -35.24% vs AGG's -18.43%.

On 10-year performance, XMPT leads with 1.98% vs 1.59% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XMPT has performed better with a 1.98% return vs 1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AGG is cheaper with a 0.03% expense ratio, compared with 1.97% for XMPT.

XMPT has the higher dividend yield at 6.31%, compared with 3.98% for AGG.

XMPT is categorized as High Yield Muni, while AGG is Total Bond Market. XMPT tracks S-Network Municipal Bond Closed-End Fund Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 1.97% for XMPT and 0.03% for AGG.

XMPT currently has the higher Sharpe Ratio (1.72 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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