EVMO vs. EVSD

Last updated Jun 5, 2026

EVMO (Eaton Vance Mortgage Opportunities ETF) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance, while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. EVMO charges 0.45%/yr vs 0.24%/yr for EVSD.

Performance

EVMO vs. EVSD - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with EVMO having a 0.83% return and EVSD slightly higher at 0.85%.

EVMO

• 1D: 0.10%
• 1M: 0.18%
• YTD: 0.83%
• 6M: 1.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVSD

• 1D: 0.08%
• 1M: 0.34%
• YTD: 0.85%
• 6M: 1.28%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVMO vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.83%	3.33%
EVSD Eaton Vance Short Duration Income ETF	0.85%	2.33%

Correlation

The correlation between EVMO and EVSD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.59

Return for Risk

EVMO vs. EVSD — Risk / Return Rank

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

EVSD

EVSD Risk / Return Rank: 87
EVSD Sharpe Ratio Rank: 90
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 93
EVSD Calmar Ratio Rank: 76
EVSD 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. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Eaton Vance Short Duration Income ETF (EVSD). 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	EVSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	3.05	-1.26

Drawdowns

EVMO vs. EVSD - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for EVMO and EVSD.

Drawdown Indicators

	EVMO	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-1.26%	-0.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.26%	—
Current Drawdown Current decline from peak	-0.81%	-0.10%	-0.71%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.19%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.30%	—

Volatility

Volatility by Period

	EVMO	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	1.54%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.82%	1.94%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.82%	1.94%	+0.88%

EVMO vs. EVSD - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than EVSD's 0.24% expense ratio.

Dividends

EVMO vs. EVSD - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 4.07%, less than EVSD's 4.61% yield.

Position	TTM	2025	2024
EVMO Eaton Vance Mortgage Opportunities ETF	4.07%	1.95%	0.00%
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%

Frequently Asked Questions

Can I hold both EVMO and EVSD in my portfolio?

EVMO and EVSD have a correlation of 0.59, 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 EVSD?

On fees, EVSD is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVMO or EVSD?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.45% for EVMO.

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

EVSD has the higher dividend yield at 4.61%, compared with 4.07% for EVMO.

What is the main difference between EVMO and EVSD?

EVMO is categorized as Mortgage Backed Securities, while EVSD is Short-Term Bond. Their fees differ too: 0.45% for EVMO and 0.24% for EVSD.