EVMO vs. EVIM

Last updated Apr 1, 2026

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

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

Performance

EVMO vs. EVIM - Performance Comparison

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

EVMO vs. EVIM - Yearly Performance Comparison

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

Returns By Period

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

EVMO

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

EVIM

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

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

EVMO vs. EVIM - Expense Ratio Comparison

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

EVMO

Eaton Vance Mortgage Opportunities ETF

EVIM

Eaton Vance Intermediate Municipal Income ETF

Return for Risk

EVMO vs. EVIM — 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.

EVMO vs. EVIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Eaton Vance Intermediate Municipal Income ETF (EVIM). 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	EVIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	1.49	+0.57

Correlation

The correlation between EVMO and EVIM 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

EVMO vs. EVIM - Dividend Comparison

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

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

Drawdowns

EVMO vs. EVIM - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

	EVMO	EVIM	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	2.79%	4.07%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.79%	3.94%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.79%	3.94%	-1.15%