EVMO vs. EDGH

Last updated Aug 1, 2026

EVMO (Eaton Vance Mortgage Opportunities ETF) and EDGH (3EDGE Dynamic Hard Assets ETF) are both exchange-traded funds - EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance, while EDGH is a Commodities fund actively managed by 3EDGE Asset Management. Both are actively managed. Their 0.08 correlation means their historical movements had little consistent relationship. EVMO charges 0.45%/yr vs 1.01%/yr for EDGH.

Performance

EVMO vs. EDGH - Performance Comparison

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

Returns By Period

In the year-to-date period, EVMO achieves a 0.65% return, which is significantly lower than EDGH's 8.52% return.

EVMO

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

EDGH

• 1D: -0.74%
• 1M: 2.76%
• 6M: 1.30%
• YTD: 8.52%
• 1Y: 26.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.95%

*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)
EDGH 3EDGE Dynamic Hard Assets ETF	$468.96K	$2.12M	$1.70M
EVMO Eaton Vance Mortgage Opportunities ETF	$2.64M	$3.32M	$3.09M

EVMO vs. EDGH - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.65%	3.37%
EDGH 3EDGE Dynamic Hard Assets ETF	8.52%	16.61%

Correlation

The correlation between EVMO and EDGH is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025	0.08

Return for Risk

EVMO vs. EDGH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVMO

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

EDGH

EDGH Risk / Return Rank: 60
EDGH Sharpe Ratio Rank: 64
EDGH Sortino Ratio Rank: 53
EDGH Omega Ratio Rank: 72
EDGH Calmar Ratio Rank: 62
EDGH Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVMO vs. EDGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and 3EDGE Dynamic Hard Assets ETF (EDGH). 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	EDGH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.19	—
Martin ratio: Return relative to average drawdown	—	5.69	—

Drawdowns

EVMO vs. EDGH - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum EDGH drawdown of -12.47%. Use the drawdown chart below to compare losses from any high point for EVMO and EDGH.

Drawdown Indicators

	EVMO	EDGH	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-12.47%	+10.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.47%	—
Current Drawdown Current decline from peak	-0.99%	-8.15%	+7.16%
Average Drawdown Average peak-to-trough decline	-0.45%	-2.65%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.79%	—

Volatility

Volatility by Period

	EVMO	EDGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.90%	18.27%	-15.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.90%	15.46%	-12.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.90%	15.46%	-12.56%

EVMO vs. EDGH - Expense Ratio Comparison

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

Dividends

EVMO vs. EDGH - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 4.99%, more than EDGH's 1.08% yield.

Position	TTM	2025	2024
EDGH 3EDGE Dynamic Hard Assets ETF	1.08%	1.18%	3.19%
EVMO Eaton Vance Mortgage Opportunities ETF	4.99%	1.95%	0.00%

Frequently Asked Questions

Can I hold both EVMO and EDGH in my portfolio?

EVMO and EDGH have a correlation of 0.08, 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 EDGH?

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, EVMO or EDGH?

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

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

EVMO has the higher dividend yield at 4.99%, compared with 1.08% for EDGH.

What is the main difference between EVMO and EDGH?

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