EVMO vs. IMTG

Last updated Jul 11, 2026

EVMO (Eaton Vance Mortgage Opportunities ETF) and IMTG (Invesco Agency MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. EVMO charges 0.45%/yr vs 0.22%/yr for IMTG.

Performance

EVMO vs. IMTG - Performance Comparison

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

Returns By Period

EVMO

• 1D: -0.12%
• 1M: 0.18%
• 6M: 0.77%
• YTD: 0.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IMTG

• 1D: -0.07%
• 1M: -0.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVMO vs. IMTG - Yearly Performance Comparison

	2026 (YTD)
EVMO Eaton Vance Mortgage Opportunities ETF	-0.46%
IMTG Invesco Agency MBS ETF	-1.13%

Correlation

The correlation between EVMO and IMTG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.90

Return for Risk

EVMO vs. IMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Invesco Agency MBS ETF (IMTG). 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.

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

Drawdowns

EVMO vs. IMTG - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum IMTG drawdown of -2.85%. Use the drawdown chart below to compare losses from any high point for EVMO and IMTG.

Drawdown Indicators

	EVMO	IMTG	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-2.85%	+0.96%
Current Drawdown Current decline from peak	-0.71%	-1.51%	+0.80%
Average Drawdown Average peak-to-trough decline	-0.42%	-1.36%	+0.94%

Volatility

Volatility by Period

	EVMO	IMTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.89%	4.63%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.89%	4.63%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.89%	4.63%	-1.74%

EVMO vs. IMTG - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than IMTG's 0.22% expense ratio.

Dividends

EVMO vs. IMTG - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 4.52%, more than IMTG's 1.29% yield.

Position	TTM	2025
EVMO Eaton Vance Mortgage Opportunities ETF	4.52%	1.95%
IMTG Invesco Agency MBS ETF	1.29%	0.00%

Frequently Asked Questions

Can I hold both EVMO and IMTG in my portfolio?

With a correlation of 0.90, EVMO and IMTG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EVMO or IMTG?

On fees, IMTG is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVMO or IMTG?

IMTG is cheaper with a 0.22% expense ratio, compared with 0.45% for EVMO.

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

EVMO has the higher dividend yield at 4.52%, compared with 1.29% for IMTG.

What is the main difference between EVMO and IMTG?

They also come from different issuers: Eaton Vance and Invesco. Their fees differ too: 0.45% for EVMO and 0.22% for IMTG.