Eaton Vance Mortgage Opportunities ETF (EVMO) belongs to the Mortgage Backed Securities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EVMO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EVMO
EVMO charges 0.45% annually. There are 20 ETFs in the Mortgage Backed Securities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Mortgage-Backed Securities ETF | 0.03% | — | Nov 2024 | EVMO vs SMBS | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | 7.01B | Jan 2009 | EVMO vs SPMB | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | 17.10B | Nov 2009 | EVMO vs VMBS | |
| iShares MBS Bond ETF | 0.06% | 39.27B | Mar 2007 | EVMO vs MBB | |
| Simplify MBS ETF | 0.15% | 1.53B | Nov 2023 | EVMO vs MTBA |
Best Risk-Adjusted Alternatives to EVMO
Among 20 ETFs in the Mortgage Backed Securities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 96 | 297.39M | Nov 2013 | EVMO vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 90 | 6.35B | Nov 2014 | EVMO vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 80 | 112.35M | Feb 2021 | EVMO vs VABS | |
| First Trust TCW Securitized Plus ETF | 51 | 78.78M | Apr 2020 | EVMO vs DEED | |
| JPMorgan Mortgage-Backed Securities ETF | 49 | 6.66B | Aug 2000 | EVMO vs JMTG |
Top Performing EVMO Alternatives (YTD)
EVMO is at 0.93% YTD. There are 6 ETFs in the Mortgage Backed Securities category with higher YTD returns, going as high as 6.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Regan Fixed Rate MBS ETF | 6.66% | 13.94M | Apr 2025 | EVMO vs MBSX | |
| Nuveen Securitized Income ETF | 2.25% | 178.50M | Sep 2025 | EVMO vs NSCI | |
| Virtus Newfleet ABS/MBS ETF | 1.84% | 112.35M | Feb 2021 | EVMO vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.45% | 6.35B | Nov 2014 | EVMO vs LMBS | |
| First Trust TCW Securitized Plus ETF | 1.22% | 78.78M | Apr 2020 | EVMO vs DEED |
Lowest Volatility Alternatives to EVMO
EVMO has 2.89% 1-year volatility. There are 6 ETFs in the Mortgage Backed Securities category with lower 1-year volatility, going as low as 1.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Securitized Income ETF | 1.28% | 178.50M | Sep 2025 | EVMO vs NSCI | |
| Franklin Short Duration U.S. Government ETF | 1.36% | 297.39M | Nov 2013 | EVMO vs FTSD | |
| American Century Securitized Credit ETF | 1.46% | 19.95M | May 2026 | EVMO vs ASEC | |
| Virtus Newfleet ABS/MBS ETF | 1.94% | 112.35M | Feb 2021 | EVMO vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.96% | 6.35B | Nov 2014 | EVMO vs LMBS |
Lowest Drawdown Alternatives to EVMO
Among 20 ETFs in the Mortgage Backed Securities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.45% | 297.39M | Nov 2013 | EVMO vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -0.98% | 112.35M | Feb 2021 | EVMO vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | -1.43% | 6.35B | Nov 2014 | EVMO vs LMBS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.17% | 89.04M | Sep 2014 | EVMO vs MBSD | |
| iShares CMBS ETF | -2.44% | 473.70M | Feb 2012 | EVMO vs CMBS |
Other ETFs from Eaton Vance
The 10 most viewed Eaton Vance ETFs shown here include EVTR, EVSD, EVLN and span 9 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Eaton Vance Total Return Bond ETF | Intermediate Core-Plus Bond | 38 | 0.33% | 5.61B | Nov 1984 | EVMO vs EVTR | |
| Eaton Vance Short Duration Income ETF | Short-Term Bond | 89 | 1.01% | 1.34B | Mar 1992 | EVMO vs EVSD | |
| Eaton Vance Floating-Rate ETF | Bank Loan | 76 | 1.65% | 1.36B | Feb 2024 | EVMO vs EVLN | |
| Eaton Vance Ultra-Short Income ETF | Ultrashort Bond | 99 | 2.10% | 232.46M | Oct 2023 | EVMO vs EVSB | |
| Eaton Vance High Yield ETF | High Yield Bonds | 70 | 1.77% | 23.51M | Oct 2023 | EVMO vs EVHY | |
| Eaton Vance Income Opportunities ETF | Multisector Bonds | — | 2.53% | — | Nov 2025 | EVMO vs XAGG | |
| Eaton Vance Short Duration Municipal Income ETF | Municipal Bonds | 88 | 1.37% | 771.49M | Dec 2018 | EVMO vs EVSM | |
| Eaton Vance Intermediate Municipal Income ETF | Municipal Bonds | 79 | 1.88% | 261.22M | Oct 2023 | EVMO vs EVIM | |
| Eaton Vance High Income Municipal ETF | High Yield Muni | 92 | 4.11% | 57.80M | Feb 2025 | EVMO vs EVYM | |
| Eaton Vance Preferred Securities and Income ETF | Preferred Stock/Convertible Bonds | — | — | 35.04M | Mar 2026 | EVMO vs EVPF |
Often Compared With EVMO
Investors most often compare EVMO with MTGP, CGDV, VCSH. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare EVMO with Any Fund or Stock
Compare EVMO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EVMO with funds that move differently
Eaton Vance Mortgage Opportunities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EVMO.
Explore EVMO Diversifiers