EVMO vs. EVSD
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. Their 0.64 correlation means they have sometimes moved together and sometimes differently. EVMO charges 0.45%/yr vs 0.24%/yr for EVSD.
Performance
EVMO vs. EVSD - Performance Comparison
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Returns By Period
In the year-to-date period, EVMO achieves a 0.65% return, which is significantly lower than EVSD's 1.08% return.
EVMO
- 1D
- -0.29%
- 1M
- -0.53%
- 6M
- 0.19%
- YTD
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EVSD
- 1D
- -0.04%
- 1M
- -0.05%
- 6M
- 0.67%
- YTD
- 1.08%
- 1Y
- 3.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $3.32M | $3.09M | |
| $6.64M | $6.21M | $7.07M |
EVMO vs. EVSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 0.65% | 3.37% |
EVSD Eaton Vance Short Duration Income ETF | 1.08% | 2.45% |
Correlation
The correlation between EVMO and EVSD is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.64 |
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Return for Risk
EVMO vs. EVSD — Risk / Return Rank
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVSD
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.
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 | EVSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.51 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.19 | — |
| Martin ratioReturn relative to average drawdown | — | 13.00 | — |
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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.
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Drawdown Indicators
| EVMO | EVSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -1.26% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.26% | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.12% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -0.19% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.31% | — |
Volatility
EVMO vs. EVSD - Volatility Comparison
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Volatility by Period
| EVMO | EVSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 1.59% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 1.93% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 1.93% | +0.97% |
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 4.99%, more than EVSD's 4.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.99% | 1.95% | 0.00% |
EVSD Eaton Vance Short Duration Income ETF | 4.63% | 4.64% | 2.91% |
Frequently Asked Questions
EVMO and EVSD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EVSD is cheaper with a 0.24% expense ratio, compared with 0.45% for EVMO.
EVMO has the higher dividend yield at 4.99%, compared with 4.63% for 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.
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