KNRG vs XAGG: Grades, Fees and Holdings Compared

Simplify Kayne Anderson Energy and Infrastructure Credit ETF

KNRGCNYSE Arca

Eaton Vance Strategic Income Opportunities ETF

XAGGANYSE Arca

Overlap

0.0%by weight

Expense ratio

XAGG −0.25pt a year

KNRG0.75%XAGG0.50%

Avg volume · 30D

XAGG 31.0×the volume

KNRG14KXAGG433K

KNRG vs XAGG Performance

Dec 31, 2025 – Oct 30, 2026

+3.2%KNRG+1.8%XAGG

Expense ratio: KNRG 0.75%; XAGG 0.50%, better
Fund size: KNRG $151M; XAGG $2.21B
1Y total return: KNRG +4.3%; XAGG No data
Yield (12M): KNRG 6.81%; XAGG No data
Holdings: KNRG 42; XAGG 1063
Avg volume (30D): KNRG 14K sh; XAGG 433K sh, better
NAV per share: KNRG $25.24; XAGG $48.40
52W range

ETF.net Grade

Pillar letters and Scores for KNRG, XAGG, with each pillar’s weight
Pillar	KNRG	XAGG
Cost30% weight	D27	B67Higher
Mission25% weight	A72	A78Higher
Risk15% weight	A77Higher	A72
Tradability15% weight	C41	B69Higher
Holdings10% weight	B62	B65Higher
Durability5% weight	B62	A91Higher

Rank among Multi-Sector Bond Income funds

How we build Categories ›

Same Category. KNRG and XAGG are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds

See all 23 ›

XAGG ranks 4th and KNRG 12th of 23 funds in the Multi-Sector Bond Income Category.

Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
Rank 2AAINPAllspring Income Plus ETFScore 72
Rank 2AGINCGoldman Sachs ETF TrustScore 72
Rank 4AXAGGEaton Vance Strategic Income Opportunities ETFScore 71
Rank 5BTMBThornburg Multi Sector Bond ETFScore 70
Rank 11CBMSIBNY Mellon Multi-Sector Income ETFScore 54
Rank 12CKNRGSimplify Kayne Anderson Energy and Infrastructure Credit ETFScore 53
Rank 13CWTBNWisdomTree Bianco Total Return FundScore 49

Our read on each fund

ETF.net Research

KNRGCSimplify Kayne Anderson Energy and Infrastructure Credit ETF

XAGGAEaton Vance Strategic Income Opportunities ETF

In short

KNRG Most energy funds buy the stocks. KNRG lends to the sector instead: an actively managed book of energy and infrastructure bonds, loans and preferred shares picked by Kayne Anderson, with income paid monthly.

XAGG No data

Stated mandate

KNRG The Fund primarily seeks current income and secondarily seeks capital appreciation.

XAGG No data

Why people hold it

KNRG Kayne Anderson subadvises, bringing decades of public and private energy infrastructure investing to a credit book of bonds, notes, loans and hybrids.simplify.us simplify.us 2
Income first by design: the prospectus puts current income ahead of capital appreciation, and the fund distributes monthly.simplify.us
Active, not index-bound: an opportunistic relative-value mandate that targets higher credit quality than traditional high yield bond indices.simplify.us

XAGG No data

Worth knowing

KNRG The 0.76% expense ratio runs about double the median bond ETF in its peer group, the price of a specialist active manager.
Launched in 2025, still small and thinly traded, so spreads can be wider than in long-established bond ETFs.
A single-sector credit sleeve tied to energy and infrastructure borrowers, including loans and preferreds, not a broad bond market holding.simplify.us

XAGG No data

Full KNRG profile⁠

Full XAGG profile⁠

KNRG vs XAGG Holdings

How KNRG and XAGG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of KNRG and 0.0% of XAGG.

Level by level

Holdings0 in both0.0%
Countryby domicile72.7%

Sector

No Sector split for KNRG.

Country, concentration and asset class

Country by domicile

Country weights in KNRG and XAGG, widest gap first
Country	More in KNRGMore in XAGG	KNRG	XAGG
United States	KNRG +27.3 points	100.0%	72.7%
Cayman Islands	XAGG +11.7 points	0.0%	11.7%
Mexico	XAGG +3.3 points	0.0%	3.3%
United Kingdom	XAGG +1.9 points	0.0%	1.9%
Luxembourg	XAGG +1.6 points	0.0%	1.6%
Colombia	XAGG +1.1 points	0.0%	1.1%
Brazil	XAGG +0.9 points	0.0%	0.9%
Canada	XAGG +0.8 points	0.0%	0.8%
Other countries (24)	XAGG +5.9 points	0.0%	5.9%

Outside the US: XAGG 30% developed, 70% emerging.

Concentration

Weight in the 10 largest Holdings

KNRG50.9%
XAGG34.3%

Securities held

KNRG41
XAGG951

Asset class

KNRG: Fixed Income
XAGG: Multi-Asset

Holdings

Only in KNRG41
In both0
Only in XAGG951

Only in KNRG

41 securities, 98.1% of KNRG by weight

KMI 6.95 01/15/38 MTN Corp7.87%
FREEPORT LNG Invts LLLP 2/28/2033 Term Loan6.72%
ET V7.125 PERP G Corp6.31%
BLKCQP 7.5 12/15/33 Corp6.17%
BPL 5.85 11/15/43 Corp4.41%
SUN V7.875 PERP 144A Corp4.31%
PAA 5.95 06/15/35 Corp4.13%
OKE 6.125 02/01/41 Corp3.70%
TRPCN V0 05/15/67 Corp3.66%
ENBCN V8.5 01/15/84 Corp3.66%
BLURAC 7.25 07/15/32 144A Corp3.58%
AES V7.6 01/15/55 Corp3.46%
TGE 9 08/01/29 144A Corp3.27%
ROCKIE 7.5 07/15/38 144A Corp3.10%
WMB 6.3 04/15/40 Corp2.89%
ENBCN V7.625 01/15/83 Corp2.55%
VENLNG V9 PERP 144a Corp2.35%
SOBOCN V7.5 03/01/55 Corp2.05%
WMB 8.75 03/15/32 Corp2.02%
ROCKIE 6.875 04/15/40 144A Corp1.98%
ALACN V7.2 10/15/54 144A Corp1.85%
TRGP 6.5 02/15/53 Corp1.83%
VST V8.875 PERP C Corp1.68%
VST V7 PERP 144A Corp1.49%
DKL 6.875 06/01/34 144A Corp1.31%
SUN 6.25 07/01/33 144A Corp1.30%
AM 5.75 07/01/34 144A Corp1.27%
DKL 7.375 06/30/33 144A Corp1.24%
PAA V7 12/15/56 B Corp1.16%
AES V6.95 07/15/55 Corp1.04%
NRG 7 03/15/33 144A Corp0.83%
NEE 7.234 11/01/27 Pfd0.82%
WES 7.25 04/01/30 144A Corp0.82%
TEP 6.75 03/15/34 144A Corp0.78%
KGS 6.75 10/01/35 144A Corp0.63%
Fr Br Hol 10/09/30 Term Loan0.58%
VENLNG 8.375 06/01/31 144A Corp0.58%
OKE 6.25 10/15/55 Corp0.36%
BPL 6.875 11/01/31 144A Corp0.17%
SOBOCN V7.625 03/01/55 Corp0.12%
TRGP 5.55 08/15/35 Corp0.10%

Only in XAGG

951 securities, 100% of XAGG by weight

Msilf Government14.86%
Us 5YR Note 12/31/20263.38%
Tba Umbs Single Family 6%3.31%
Umbs Mortpass 6.5% 11/562.83%
United Mexican 8% 02/362.22%
Tba Umbs Single 5.5%1.75%
Tba Umbs Single 6.5%1.73%
Umbs Mortpass 6.5% 10/561.57%
Tba GNMA2 Single 5.5%1.50%
Umbs Mortpass 5.5% 06/561.43%
National Bank Zero 11/261.22%
Gnma Ii 6.5% 05/661.07%
Tba GNMA2 Single 6%1.04%
Gnma Ii Mortpass 6% 06/560.98%
Gnma Ii Mortpass 6% 05/660.88%
Umbs Mortpass 6% 09/560.77%
Tba GNMA2 Single 6.5%0.75%
United States Zero 12/260.74%
Umbs Mortpass 6% 08/560.73%
Champs Trust Var 09/610.72%
Umbs Mortpass 5.5% 09/560.68%
Gnma Ii Mortpass 6% 08/560.68%
Gnma Ii 6.5% 04/660.67%
Gs Var 04/570.57%
Fhlmc Remics Flt 05/560.55%
Pnmac Gmsr Flt 05/310.46%
Republic of 8.5% 01/370.46%
Umbs Mortpass 5.5% 01/560.44%
Suriname 8.5% 11/350.42%
Fhlmc Remics 0.25% 11/560.42%
Umbs Mortpass 5.5% 05/560.41%
Fnma Remics Flt 08/560.39%
Gnma Ii 6.5% 02/660.39%
Fnma Remics Flt 05/560.38%
Gnma Ii Mortpass 6% 07/560.38%
Gnma 2026-108 Cz 6% 06/560.37%
Gnma Ii Mortpass 6% 09/560.35%
Umbs Mortpass 5% 01/560.35%
Extended Stay Flt 02/430.35%
Republic of 7.6% 08/390.34%
Rock Trust 8.81906% 11/410.34%
Gnma 2026-47 SA Flt 03/560.33%
Republic of 8.875% 02/350.32%
Stru SNEX-4200 Var 08/550.31%
Baha Trust Var 12/410.30%
Republic of 6.25% 03/360.30%
Rmf Buyout 6% 10/500.29%
Fhlmc Remics Flt 10/560.29%
Fhlmc Remics Flt 07/560.28%
Gnma Ii Mortpass 6% 04/660.27%

Weight gaps

KNRG and XAGG share no securities.

All 23 KNRG holdings⁠All XAGG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KNRG vs XAGG Cost

Overpaying KNRG vs XAGG

$4,503

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

KNRG 0.75%
$14,482
XAGG 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

KNRG 0.75%
XAGG 0.50%
Overpaying

Year by year

Year	KNRG	XAGG	Overpaying
10	$1,336	$900	$436
20	$5,078	$3,460	$1,618
30	$14,482	$9,979	$4,503

Expense ratio

0.75%KNRG
0.50%XAGG, cheaper

XAGG0.50%KNRG0.75%

0.30%1.13%

Middle half of Multi-Sector Bond Income funds
Median 0.60%

XAGG 9th cheapest of 23 funds

KNRG 16th cheapest of 23 funds

KNRG vs XAGG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KNRG 6.81%; XAGG No data
Payout (12M): KNRG $1.72; XAGG No data
Last payment: KNRG $0.14; XAGG $0.27
Ex-dividend: KNRG Oct 27, 2026; XAGG Oct 30, 2026
Paid on: KNRG Oct 30, 2026; XAGG Pays Nov 5, 2026
Frequency: KNRG Monthly; XAGG Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

KNRGMonthly · 17 paymentsAll KNRG payments⁠

XAGGMonthly · 12 paymentsAll XAGG payments⁠

KNRG vs XAGG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: KNRG 4.2%since Jun 2025XAGG No data
Return per unit of riskSharpe ratio, 3 years: KNRG 0.84since Jun 2025XAGG No data
Worst fallMax drawdown, 5 years: KNRG −2.7%since May 2025XAGG No data
Market sensitivityBeta, 5 years: KNRG 0.22XAGG 0.18; Market = 1

KNRG and XAGG in the news

All news⁠

ETF Filings
Kayne Anderson files energy and power ETFs as adviser of record
Sep 22, 2026KNRG
ETF Filings
Morgan Stanley files seven Eaton Vance muni ETFs with the fee left blank
Sep 16, 2026XAGG

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KNRG vs XAGG

In short

Stated mandate

Why people hold it

Worth knowing

How KNRG and XAGG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KNRG

Only in XAGG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Kayne Anderson files energy and power ETFs as adviser of record

Morgan Stanley files seven Eaton Vance muni ETFs with the fee left blank

How KNRG and XAGG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in KNRG

Only in XAGG

Weight gaps