EVMO vs. MBSX
EVMO (Eaton Vance Mortgage Opportunities ETF) and MBSX (Regan Fixed Rate MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. EVMO charges 0.45%/yr vs 0.40%/yr for MBSX.
Performance
EVMO vs. MBSX - 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 MBSX's 4.51% return.
EVMO
- 1D
- -0.29%
- 1M
- -0.53%
- 6M
- 0.19%
- YTD
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MBSX
- 1D
- 0.63%
- 1M
- -0.02%
- 6M
- 3.66%
- YTD
- 4.51%
- 1Y
- 8.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $3.32M | $3.09M | |
| $151.94K | $112.61K | $105.72K |
EVMO vs. MBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 0.65% | 3.37% |
MBSX Regan Fixed Rate MBS ETF | 4.51% | 3.58% |
Correlation
The correlation between EVMO and MBSX is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | -0.11 |
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Return for Risk
EVMO vs. MBSX — Risk / Return Rank
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MBSX
EVMO vs. MBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Regan Fixed Rate MBS ETF (MBSX). 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 | MBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.33 | — |
| Martin ratioReturn relative to average drawdown | — | 0.83 | — |
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Drawdowns
EVMO vs. MBSX - Drawdown Comparison
The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum MBSX drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for EVMO and MBSX.
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Drawdown Indicators
| EVMO | MBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -27.57% | +25.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -27.57% | — |
Current DrawdownCurrent decline from peak | -0.99% | -21.83% | +20.84% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -8.13% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.00% | — |
Volatility
EVMO vs. MBSX - Volatility Comparison
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Volatility by Period
| EVMO | MBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 55.27% | -52.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 53.31% | -50.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 53.31% | -50.41% |
EVMO vs. MBSX - Expense Ratio Comparison
EVMO has a 0.45% expense ratio, which is higher than MBSX's 0.40% expense ratio.
Dividends
EVMO vs. MBSX - Dividend Comparison
EVMO's dividend yield for the trailing twelve months is around 4.99%, more than MBSX's 3.59% yield.
| Position | TTM | 2025 |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.99% | 1.95% |
MBSX Regan Fixed Rate MBS ETF | 3.59% | 2.77% |
Frequently Asked Questions
EVMO and MBSX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MBSX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MBSX is cheaper with a 0.40% expense ratio, compared with 0.45% for EVMO.
EVMO has the higher dividend yield at 4.99%, compared with 3.59% for MBSX.
They also come from different issuers: Eaton Vance and Regan. Their fees differ too: 0.45% for EVMO and 0.40% for MBSX.
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