EVMO vs. JMTG

Last updated Jun 4, 2026

EVMO (Eaton Vance Mortgage Opportunities ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. EVMO charges 0.45%/yr vs 0.24%/yr for JMTG.

Performance

EVMO vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Mortgage Opportunities ETF (EVMO) and JPMorgan Mortgage-Backed Securities ETF (JMTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVMO achieves a 0.73% return, which is significantly higher than JMTG's 0.45% return.

EVMO

• 1D: -0.25%
• 1M: 0.14%
• YTD: 0.73%
• 6M: 0.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JMTG

• 1D: -0.06%
• 1M: -0.04%
• YTD: 0.45%
• 6M: 0.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVMO vs. JMTG - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.73%	3.33%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.45%	3.36%

Correlation

The correlation between EVMO and JMTG is 0.61, 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	0.61

Return for Risk

EVMO vs. JMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and JPMorgan Mortgage-Backed Securities ETF (JMTG). 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	JMTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	1.29	+0.47

Drawdowns

EVMO vs. JMTG - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum JMTG drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for EVMO and JMTG.

Drawdown Indicators

	EVMO	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-2.78%	+0.89%
Current Drawdown Current decline from peak	-0.91%	-1.79%	+0.88%
Average Drawdown Average peak-to-trough decline	-0.38%	-0.66%	+0.28%

Volatility

Volatility by Period

	EVMO	JMTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.83%	3.68%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.83%	3.68%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.83%	3.68%	-0.85%

EVMO vs. JMTG - Expense Ratio Comparison

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

Dividends

EVMO vs. JMTG - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 4.07%, more than JMTG's 3.92% yield.

Position	TTM	2025
EVMO Eaton Vance Mortgage Opportunities ETF	4.07%	1.95%
JMTG JPMorgan Mortgage-Backed Securities ETF	3.92%	2.10%

Frequently Asked Questions

Can I hold both EVMO and JMTG in my portfolio?

EVMO and JMTG have a correlation of 0.61, 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 JMTG?

On fees, JMTG 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 JMTG?

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

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

EVMO has the higher dividend yield at 4.07%, compared with 3.92% for JMTG.

What is the main difference between EVMO and JMTG?

They also come from different issuers: Eaton Vance and JPMorgan. Their fees differ too: 0.45% for EVMO and 0.24% for JMTG.