EVMO vs. ASEC

Last updated Aug 1, 2026

EVMO (Eaton Vance Mortgage Opportunities ETF) and ASEC (American Century Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their 0.14 correlation means their historical movements had little consistent relationship. EVMO charges 0.45%/yr vs 0.29%/yr for ASEC.

Performance

EVMO vs. ASEC - Performance Comparison

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

Returns By Period

EVMO

• 1D: -0.29%
• 1M: -0.53%
• 6M: 0.19%
• YTD: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASEC

• 1D: 0.04%
• 1M: 0.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASEC American Century Securitized Credit ETF	$679.57	$2.96K	$422.99K
EVMO Eaton Vance Mortgage Opportunities ETF	$2.64M	$3.32M	$3.09M

EVMO vs. ASEC - Yearly Performance Comparison

	2026 (YTD)
EVMO Eaton Vance Mortgage Opportunities ETF	0.03%
ASEC American Century Securitized Credit ETF	0.13%

Correlation

The correlation between EVMO and ASEC is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.14

Return for Risk

EVMO vs. ASEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and American Century Securitized Credit ETF (ASEC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

EVMO vs. ASEC - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, which is greater than ASEC's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for EVMO and ASEC.

Drawdown Indicators

	EVMO	ASEC	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-0.46%	-1.43%
Current Drawdown Current decline from peak	-0.99%	-0.26%	-0.73%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.18%	-0.27%

Volatility

Volatility by Period

	EVMO	ASEC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.90%	1.83%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.90%	1.83%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.90%	1.83%	+1.07%

EVMO vs. ASEC - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than ASEC's 0.29% expense ratio.

Dividends

EVMO vs. ASEC - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 4.99%, more than ASEC's 0.45% yield.

Position	TTM	2025
ASEC American Century Securitized Credit ETF	0.45%	0.00%
EVMO Eaton Vance Mortgage Opportunities ETF	4.99%	1.95%

Frequently Asked Questions

Can I hold both EVMO and ASEC in my portfolio?

EVMO and ASEC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVMO or ASEC?

On fees, ASEC is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVMO or ASEC?

ASEC is cheaper with a 0.29% expense ratio, compared with 0.45% for EVMO.

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

EVMO has the higher dividend yield at 4.99%, compared with 0.45% for ASEC.

What is the main difference between EVMO and ASEC?

They also come from different issuers: Eaton Vance and American Century. Their fees differ too: 0.45% for EVMO and 0.29% for ASEC.