EVMO vs. CGDV

Last updated Jun 3, 2026

EVMO (Eaton Vance Mortgage Opportunities ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. EVMO charges 0.45%/yr vs 0.33%/yr for CGDV.

Performance

EVMO vs. CGDV - Performance Comparison

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

Returns By Period

In the year-to-date period, EVMO achieves a 0.98% return, which is significantly lower than CGDV's 12.51% return.

EVMO

• 1D: 0.11%
• 1M: 0.09%
• YTD: 0.98%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGDV

• 1D: 0.45%
• 1M: 5.15%
• YTD: 12.51%
• 6M: 13.53%
• 1Y: 32.83%
• 3Y*: 25.37%
• 5Y*: —
• 10Y*: —

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

EVMO vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.98%	3.33%
CGDV Capital Group Dividend Value ETF	12.51%	8.10%

Correlation

The correlation between EVMO and CGDV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.32

Return for Risk

EVMO vs. CGDV — Risk / Return Rank

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

CGDV

CGDV Risk / Return Rank: 82
CGDV Sharpe Ratio Rank: 86
CGDV Sortino Ratio Rank: 86
CGDV Omega Ratio Rank: 86
CGDV Calmar Ratio Rank: 69
CGDV Martin Ratio Rank: 81

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.

EVMO vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Capital Group Dividend Value ETF (CGDV). 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.

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

Sharpe Ratios by Period

	EVMO	CGDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	1.25	+0.63

Drawdowns

EVMO vs. CGDV - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for EVMO and CGDV.

Drawdown Indicators

	EVMO	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-21.82%	+19.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.28%	—
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-0.38%	-3.62%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	EVMO	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	11.59%	-8.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.82%	15.49%	-12.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.82%	15.49%	-12.67%

EVMO vs. CGDV - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than CGDV's 0.33% expense ratio.

Dividends

EVMO vs. CGDV - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 4.06%, more than CGDV's 1.16% yield.

Position	TTM	2025	2024	2023	2022
CGDV Capital Group Dividend Value ETF	1.16%	1.29%	1.60%	1.65%	1.36%
EVMO Eaton Vance Mortgage Opportunities ETF	4.06%	1.95%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVMO and CGDV in my portfolio?

EVMO and CGDV have a correlation of 0.32, 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 CGDV?

On fees, CGDV is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVMO or CGDV?

CGDV is cheaper with a 0.33% expense ratio, compared with 0.45% for EVMO.

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

EVMO has the higher dividend yield at 4.06%, compared with 1.16% for CGDV.

What is the main difference between EVMO and CGDV?

EVMO is categorized as Mortgage Backed Securities, while CGDV is Large Cap Value Equities. They also come from different issuers: Eaton Vance and Capital Group. Their fees differ too: 0.45% for EVMO and 0.33% for CGDV.