EVMO vs. JMTG
EVMO (Eaton Vance Mortgage Opportunities ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, EVMO returned 4.21% vs 3.75% for JMTG. Their 0.63 correlation means they have sometimes moved together and sometimes differently. EVMO charges 0.45%/yr vs 0.24%/yr for JMTG.
Performance
EVMO vs. JMTG - Performance Comparison
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Returns By Period
In the year-to-date period, EVMO achieves a 0.81% return, which is significantly higher than JMTG's 0.27% return.
EVMO
- 1D
- 0.16%
- 1M
- -0.36%
- 6M
- 0.44%
- YTD
- 0.81%
- 1Y
- 4.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JMTG
- 1D
- 0.25%
- 1M
- -0.74%
- 6M
- 0.18%
- YTD
- 0.27%
- 1Y
- 3.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.74M | $2.99M | $3.08M | |
| $32.18M | $28.84M | $37.74M |
EVMO vs. JMTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 0.81% | 3.37% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.27% | 3.48% |
Correlation
The correlation between EVMO and JMTG is 0.63, 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 | 0.63 |
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Return for Risk
EVMO vs. JMTG — Risk / Return Rank
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JMTG
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.
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 | JMTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.36 | — |
| Martin ratioReturn relative to average drawdown | — | 3.40 | — |
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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.
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Drawdown Indicators
| EVMO | JMTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -2.78% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -2.78% | +0.89% |
Current DrawdownCurrent decline from peak | -0.83% | -1.97% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -0.81% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.11% | — |
Volatility
EVMO vs. JMTG - Volatility Comparison
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Volatility by Period
| EVMO | JMTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 3.58% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 3.68% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 3.68% | -0.78% |
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 4.99%, more than JMTG's 4.35% yield.
| Position | TTM | 2025 |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.99% | 1.95% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 4.35% | 2.10% |
Frequently Asked Questions
EVMO and JMTG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, EVMO leads with 4.21% vs 3.75% for 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.
Over the 1-year period, EVMO has performed better with a 4.21% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMTG 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 4.35% for JMTG.
They also come from different issuers: Eaton Vance and JPMorgan. Their fees differ too: 0.45% for EVMO and 0.24% for JMTG.
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