EVMO vs. DJP
EVMO (Eaton Vance Mortgage Opportunities ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. EVMO is actively managed, while DJP is passively managed. At a correlation of -0.25, they often move in opposite directions. EVMO charges 0.45%/yr vs 0.70%/yr for DJP.
Performance
EVMO vs. DJP - Performance Comparison
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Returns By Period
In the year-to-date period, EVMO achieves a 0.94% return, which is significantly lower than DJP's 23.08% return.
EVMO
- 1D
- -0.20%
- 1M
- -0.21%
- 6M
- 0.66%
- YTD
- 0.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- -1.20%
- 1M
- 1.74%
- 6M
- 17.82%
- YTD
- 23.08%
- 1Y
- 32.88%
- 3Y*
- 13.81%
- 5Y*
- 11.31%
- 10Y*
- 6.81%
EVMO vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 0.94% | 3.37% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 23.08% | 11.90% |
Correlation
The correlation between EVMO and DJP is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | -0.25 |
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Return for Risk
EVMO vs. DJP — Risk / Return Rank
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DJP
EVMO vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and iPath Bloomberg Commodity Index Total Return ETN (DJP). 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.
| EVMO | DJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.01 | — |
| Martin ratioReturn relative to average drawdown | — | 6.53 | — |
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Drawdowns
EVMO vs. DJP - Drawdown Comparison
The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for EVMO and DJP.
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Drawdown Indicators
| EVMO | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -78.35% | +76.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | -0.70% | -36.70% | +36.00% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -50.78% | +50.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.05% | — |
Volatility
EVMO vs. DJP - Volatility Comparison
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Volatility by Period
| EVMO | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 19.47% | -16.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 19.02% | -16.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 17.05% | -14.15% |
EVMO vs. DJP - Expense Ratio Comparison
EVMO has a 0.45% expense ratio, which is lower than DJP's 0.70% expense ratio.
Dividends
EVMO vs. DJP - Dividend Comparison
EVMO's dividend yield for the trailing twelve months is around 4.52%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% |
EVMO Eaton Vance Mortgage Opportunities ETF | 4.52% | 1.95% |
Frequently Asked Questions
EVMO and DJP have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EVMO is cheaper with a 0.45% expense ratio, compared with 0.70% for DJP.
EVMO has the higher dividend yield at 4.52%, compared with 0.00% for DJP.
EVMO is categorized as Mortgage Backed Securities, while DJP is Commodities. They also come from different issuers: Eaton Vance and Barclays Capital. Their fees differ too: 0.45% for EVMO and 0.70% for DJP.
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