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CMBS vs. EVMO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CMBS vs. EVMO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares CMBS ETF (CMBS) and Eaton Vance Mortgage Opportunities ETF (EVMO).

CMBS and EVMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMBS is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. CMBS (ERISA Only) Index. It was launched on Feb 14, 2012. EVMO is an actively managed fund by Eaton Vance. It was launched on Aug 4, 2025.

Performance

CMBS vs. EVMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares CMBS ETF (CMBS) and Eaton Vance Mortgage Opportunities ETF (EVMO). The values are adjusted to include any dividend payments, if applicable.

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CMBS vs. EVMO - Yearly Performance Comparison

2026 (YTD)2025
CMBS
iShares CMBS ETF		0.07%2.05%
EVMO
Eaton Vance Mortgage Opportunities ETF		0.38%3.33%

Returns By Period

In the year-to-date period, CMBS achieves a 0.07% return, which is significantly lower than EVMO's 0.38% return.

CMBS

1D
0.20%
1M
-1.30%
YTD
0.07%
6M
1.21%
1Y
4.67%
3Y*
5.31%
5Y*
1.05%
10Y*
2.18%

EVMO

1D
0.00%
1M
-1.11%
YTD
0.38%
6M
2.08%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares CMBS ETF

Eaton Vance Mortgage Opportunities ETF

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Often compared with EVMO:
EVMO vs. CGDVEVMO vs. TLTEVMO vs. VCSHEVMO vs. EVIMEVMO vs. VGSHEVMO vs. EVSMEVMO vs. EVSB

CMBS vs. EVMO - Expense Ratio Comparison

CMBS has a 0.25% expense ratio, which is lower than EVMO's 0.45% expense ratio.

EVMO
Eaton Vance Mortgage Opportunities ETF
CMBS
iShares CMBS ETF

Return for Risk

CMBS vs. EVMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CMBS
CMBS Risk / Return Rank: 6868
Overall Rank
CMBS Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CMBS Sortino Ratio Rank: 6969
Sortino Ratio Rank
CMBS Omega Ratio Rank: 5555
Omega Ratio Rank
CMBS Calmar Ratio Rank: 7777
Calmar Ratio Rank
CMBS Martin Ratio Rank: 7474
Martin Ratio Rank
EVMO
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.

CMBS vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares CMBS ETF (CMBS) and Eaton Vance Mortgage Opportunities ETF (EVMO). 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.

CMBSEVMODifference

Sharpe ratio

Return per unit of total volatility

1.21

—

—

Sortino ratio

Return per unit of downside risk

1.81

—

—

Omega ratio

Gain probability vs. loss probability

1.21

—

—

Calmar ratio

Return relative to maximum drawdown

2.20

—

—

Martin ratio

Return relative to average drawdown

8.26

—

—

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

CMBS vs. EVMO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

CMBSEVMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.21

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

2.06

-1.62

Correlation

The correlation between CMBS and EVMO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CMBS vs. EVMO - Dividend Comparison

CMBS's dividend yield for the trailing twelve months is around 3.53%, more than EVMO's 3.17% yield.

TTM20252024202320222021202020192018201720162015
CMBS
iShares CMBS ETF		3.53%3.45%3.31%2.97%2.65%2.46%2.83%2.74%2.70%2.50%2.29%2.31%
EVMO
Eaton Vance Mortgage Opportunities ETF		3.17%1.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

CMBS vs. EVMO - Drawdown Comparison

The maximum CMBS drawdown since its inception was -15.87%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for CMBS and EVMO.

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Drawdown Indicators

CMBSEVMODifference

Max Drawdown

Largest peak-to-trough decline

-15.87%

-1.89%

-13.98%

Max Drawdown (1Y)

Largest decline over 1 year

-2.44%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-15.87%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-15.87%

—

—

Current Drawdown

Current decline from peak

-1.84%

-1.26%

-0.58%

Average Drawdown

Average peak-to-trough decline

-2.97%

-0.25%

-2.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.65%

—

—

Volatility

CMBS vs. EVMO - Volatility Comparison

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Volatility by Period

CMBSEVMODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.49%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

2.63%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.92%

2.78%

+1.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.29%

2.78%

+2.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.77%

2.78%

+2.99%