EVIM vs. EVMO

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Intermediate Municipal Income ETF (EVIM) and Eaton Vance Mortgage Opportunities ETF (EVMO).

EVIM and EVMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVIM is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. EVMO is an actively managed fund by Eaton Vance. It was launched on Aug 4, 2025.

Performance

EVIM vs. EVMO - Performance Comparison

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

EVIM vs. EVMO - Yearly Performance Comparison

	2026 (YTD)	2025
EVIM Eaton Vance Intermediate Municipal Income ETF	-0.16%	4.87%
EVMO Eaton Vance Mortgage Opportunities ETF	0.38%	3.33%

Returns By Period

In the year-to-date period, EVIM achieves a -0.16% return, which is significantly lower than EVMO's 0.38% return.

EVIM

• 1D: 0.38%
• 1M: -2.51%
• YTD: -0.16%
• 6M: 1.87%
• 1Y: 5.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMO

• 1D: 0.26%
• 1M: -1.26%
• YTD: 0.38%
• 6M: 1.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVIM vs. EVMO - Expense Ratio Comparison

EVIM has a 0.29% expense ratio, which is lower than EVMO's 0.45% expense ratio.

EVMO

Eaton Vance Mortgage Opportunities ETF

EVIM

Eaton Vance Intermediate Municipal Income ETF

Return for Risk

EVIM vs. EVMO — Risk / Return Rank

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

EVIM

EVIM Risk / Return Rank: 69
EVIM Sharpe Ratio Rank: 75
EVIM Sortino Ratio Rank: 69
EVIM Omega Ratio Rank: 84
EVIM Calmar Ratio Rank: 65
EVIM Martin Ratio Rank: 53

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.

EVIM vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Intermediate Municipal Income ETF (EVIM) 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.

	EVIM	EVMO	Difference
Sharpe ratio Return per unit of total volatility	1.40	—	—
Sortino ratio Return per unit of downside risk	1.76	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	1.68	—	—
Martin ratio Return relative to average drawdown	5.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EVIM	EVMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	2.06	-0.57

Correlation

The correlation between EVIM and EVMO is 0.39, 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

EVIM vs. EVMO - Dividend Comparison

EVIM's dividend yield for the trailing twelve months is around 3.58%, more than EVMO's 3.17% yield.

	TTM	2025	2024	2023
EVIM Eaton Vance Intermediate Municipal Income ETF	3.58%	3.58%	3.56%	0.78%
EVMO Eaton Vance Mortgage Opportunities ETF	3.17%	1.95%	0.00%	0.00%

Drawdowns

EVIM vs. EVMO - Drawdown Comparison

The maximum EVIM drawdown since its inception was -4.23%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for EVIM and EVMO.

Drawdown Indicators

	EVIM	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-1.89%	-2.34%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	—	—
Current Drawdown Current decline from peak	-2.51%	-1.26%	-1.25%
Average Drawdown Average peak-to-trough decline	-0.82%	-0.25%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	—	—

Volatility

Volatility by Period

	EVIM	EVMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	2.79%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.94%	2.79%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.94%	2.79%	+1.15%