EVMO vs. MTGP

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Mortgage Opportunities ETF (EVMO) and WisdomTree Mortgage Plus Bond Fund (MTGP).

EVMO and MTGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVMO is an actively managed fund by Eaton Vance. It was launched on Aug 4, 2025. MTGP is an actively managed fund by WisdomTree. It was launched on Nov 14, 2019.

Performance

EVMO vs. MTGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Mortgage Opportunities ETF (EVMO) and WisdomTree Mortgage Plus Bond Fund (MTGP). The values are adjusted to include any dividend payments, if applicable.

EVMO vs. MTGP - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.38%	3.33%
MTGP WisdomTree Mortgage Plus Bond Fund	0.14%	2.65%

Returns By Period

In the year-to-date period, EVMO achieves a 0.38% return, which is significantly higher than MTGP's 0.14% return.

EVMO

• 1D: 0.00%
• 1M: -1.11%
• YTD: 0.38%
• 6M: 2.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MTGP

• 1D: -0.02%
• 1M: -1.25%
• YTD: 0.14%
• 6M: 1.37%
• 1Y: 4.86%
• 3Y*: 4.04%
• 5Y*: 0.36%
• 10Y*: —

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

EVMO vs. MTGP - Expense Ratio Comparison

Both EVMO and MTGP have an expense ratio of 0.45%.

EVMO

Eaton Vance Mortgage Opportunities ETF

MTGP

WisdomTree Mortgage Plus Bond Fund

Return for Risk

EVMO vs. MTGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTGP

MTGP Risk / Return Rank: 50
MTGP Sharpe Ratio Rank: 47
MTGP Sortino Ratio Rank: 45
MTGP Omega Ratio Rank: 39
MTGP Calmar Ratio Rank: 69
MTGP Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Sharpe Ratios by Period

	EVMO	MTGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	0.18	+1.88

Correlation

The correlation between EVMO and MTGP is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EVMO vs. MTGP - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 3.17%, less than MTGP's 4.28% yield.

	TTM	2025	2024	2023	2022	2021	2020
EVMO Eaton Vance Mortgage Opportunities ETF	3.17%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%
MTGP WisdomTree Mortgage Plus Bond Fund	4.28%	4.19%	4.05%	3.02%	2.47%	1.64%	2.61%

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.

Drawdown Indicators

	EVMO	MTGP	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-16.63%	+14.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.63%	—
Current Drawdown Current decline from peak	-1.26%	-1.60%	+0.34%
Average Drawdown Average peak-to-trough decline	-0.25%	-5.21%	+4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.96%	—

Volatility

Volatility by Period

	EVMO	MTGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	5.32%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	5.75%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	5.29%	-2.51%