EDGH vs. EVMO

Last updated Jun 4, 2026

EDGH (3EDGE Dynamic Hard Assets ETF) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both exchange-traded funds - EDGH is a Commodities fund actively managed by 3EDGE Asset Management, while EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. EDGH charges 1.01%/yr vs 0.45%/yr for EVMO.

Performance

EDGH vs. EVMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic Hard Assets ETF (EDGH) and Eaton Vance Mortgage Opportunities ETF (EVMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGH achieves a 12.49% return, which is significantly higher than EVMO's 0.73% return.

EDGH

• 1D: -0.45%
• 1M: -1.84%
• YTD: 12.49%
• 6M: 14.30%
• 1Y: 31.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMO

• 1D: -0.25%
• 1M: 0.14%
• YTD: 0.73%
• 6M: 0.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGH vs. EVMO - Yearly Performance Comparison

	2026 (YTD)	2025
EDGH 3EDGE Dynamic Hard Assets ETF	12.49%	16.17%
EVMO Eaton Vance Mortgage Opportunities ETF	0.73%	3.33%

Correlation

The correlation between EDGH and EVMO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.03

Return for Risk

EDGH vs. EVMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGH

EDGH Risk / Return Rank: 54
EDGH Sharpe Ratio Rank: 52
EDGH Sortino Ratio Rank: 43
EDGH Omega Ratio Rank: 60
EDGH Calmar Ratio Rank: 60
EDGH Martin Ratio Rank: 57

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.

EDGH vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Hard Assets ETF (EDGH) 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.

	EDGH	EVMO	Difference
Sharpe ratio Return per unit of total volatility	1.77	—	—
Sortino ratio Return per unit of downside risk	2.15	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	2.96	—	—
Martin ratio Return relative to average drawdown	9.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EDGH	EVMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	1.76	-0.23

Drawdowns

EDGH vs. EVMO - Drawdown Comparison

The maximum EDGH drawdown since its inception was -10.60%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for EDGH and EVMO.

Drawdown Indicators

	EDGH	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-10.60%	-1.89%	-8.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	—	—
Current Drawdown Current decline from peak	-4.80%	-0.91%	-3.89%
Average Drawdown Average peak-to-trough decline	-2.04%	-0.38%	-1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	—	—

Volatility

Volatility by Period

	EDGH	EVMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	2.83%	+14.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	2.83%	+12.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	2.83%	+12.77%

EDGH vs. EVMO - Expense Ratio Comparison

EDGH has a 1.01% expense ratio, which is higher than EVMO's 0.45% expense ratio.

Dividends

EDGH vs. EVMO - Dividend Comparison

EDGH's dividend yield for the trailing twelve months is around 1.05%, less than EVMO's 4.07% yield.

Position	TTM	2025	2024
EDGH 3EDGE Dynamic Hard Assets ETF	1.05%	1.18%	3.19%
EVMO Eaton Vance Mortgage Opportunities ETF	4.07%	1.95%	0.00%

Frequently Asked Questions

Can I hold both EDGH and EVMO in my portfolio?

EDGH and EVMO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDGH or EVMO?

On fees, EVMO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDGH or EVMO?

EVMO is cheaper with a 0.45% expense ratio, compared with 1.01% for EDGH.

Which ETF pays a higher dividend yield, EDGH or EVMO?

EVMO has the higher dividend yield at 4.07%, compared with 1.05% for EDGH.

What is the main difference between EDGH and EVMO?

EDGH is categorized as Commodities, while EVMO is Mortgage Backed Securities. They also come from different issuers: 3EDGE Asset Management and Eaton Vance. Their fees differ too: 1.01% for EDGH and 0.45% for EVMO.