EVMO vs. MTGP
EVMO (Eaton Vance Mortgage Opportunities ETF) and MTGP (WisdomTree Mortgage Plus Bond Fund) are both Mortgage Backed Securities funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
EVMO vs. MTGP - Performance Comparison
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Returns By Period
In the year-to-date period, EVMO achieves a 0.98% return, which is significantly higher than MTGP's 0.44% return.
EVMO
- 1D
- 0.11%
- 1M
- 0.09%
- YTD
- 0.98%
- 6M
- 1.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTGP
- 1D
- 0.09%
- 1M
- 0.00%
- YTD
- 0.44%
- 6M
- 0.72%
- 1Y
- 6.01%
- 3Y*
- 4.37%
- 5Y*
- 0.32%
- 10Y*
- —
EVMO vs. MTGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 0.98% | 3.33% |
MTGP WisdomTree Mortgage Plus Bond Fund | 0.44% | 2.65% |
Correlation
The correlation between EVMO and MTGP is 0.52, 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 | 0.52 |
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Return for Risk
EVMO vs. MTGP — Risk / Return Rank
EVMO
MTGP
EVMO vs. MTGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and WisdomTree Mortgage Plus Bond Fund (MTGP). 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.
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Sharpe Ratios by Period
| EVMO | MTGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.27 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.88 | 0.18 | +1.70 |
Drawdowns
EVMO vs. MTGP - Drawdown Comparison
The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum MTGP drawdown of -16.63%. Use the drawdown chart below to compare losses from any high point for EVMO and MTGP.
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Drawdown Indicators
| EVMO | MTGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -16.63% | +14.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.63% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.31% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -5.11% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.94% | — |
Volatility
EVMO vs. MTGP - Volatility Comparison
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Volatility by Period
| EVMO | MTGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 4.79% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.82% | 5.79% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.82% | 5.26% | -2.44% |
EVMO vs. MTGP - Expense Ratio Comparison
Both EVMO and MTGP have an expense ratio of 0.45%.
Dividends
EVMO vs. MTGP - Dividend Comparison
EVMO's dividend yield for the trailing twelve months is around 4.06%, less than MTGP's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.06% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.31% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% |
Frequently Asked Questions
EVMO and MTGP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EVMO and MTGP have the same expense ratio: 0.45% per year.
MTGP has the higher dividend yield at 4.31%, compared with 4.06% for EVMO.
They also come from different issuers: Eaton Vance and WisdomTree.
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