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EVMO vs. SPMB
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EVMO vs. SPMB

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Mortgage Opportunities ETF (EVMO) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB).

EVMO and SPMB 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. SPMB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Securitized - MBS. It was launched on Jan 15, 2009.

Performance

EVMO vs. SPMB - Performance Comparison

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

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EVMO vs. SPMB - Yearly Performance Comparison

2026 (YTD)2025
EVMO
Eaton Vance Mortgage Opportunities ETF		0.38%3.33%
SPMB
SPDR Portfolio Mortgage Backed Bond ETF		0.51%3.48%

Returns By Period

In the year-to-date period, EVMO achieves a 0.38% return, which is significantly lower than SPMB's 0.51% return.

EVMO

1D
0.26%
1M
-1.26%
YTD
0.38%
6M
1.98%
1Y
—
3Y*
—
5Y*
—
10Y*
—

SPMB

1D
0.31%
1M
-1.58%
YTD
0.51%
6M
1.98%
1Y
5.73%
3Y*
4.11%
5Y*
0.37%
10Y*
1.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Eaton Vance Mortgage Opportunities ETF

SPDR Portfolio Mortgage Backed Bond ETF

Often compared with EVMO:
EVMO vs. CGDVEVMO vs. TLTEVMO vs. VCSHEVMO vs. VGSHEVMO vs. EVIMEVMO vs. EVSMEVMO vs. EVSB
Often compared with SPMB:
SPMB vs. VMBSSPMB vs. SPTISPMB vs. MBSDSPMB vs. GSSTSPMB vs. BNDSPMB vs. QQQSPMB vs. SCHG

EVMO vs. SPMB - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than SPMB's 0.04% expense ratio.

EVMO
Eaton Vance Mortgage Opportunities ETF
SPMB
SPDR Portfolio Mortgage Backed Bond ETF

Return for Risk

EVMO vs. SPMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EVMO
SPMB
SPMB Risk / Return Rank: 6666
Overall Rank
SPMB Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SPMB Sortino Ratio Rank: 6868
Sortino Ratio Rank
SPMB Omega Ratio Rank: 5959
Omega Ratio Rank
SPMB Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPMB Martin Ratio Rank: 6060
Martin Ratio Rank
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. SPMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB). 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.

EVMO vs. SPMB - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EVMOSPMBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.18

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.05

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.17

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.06

0.34

+1.72

Correlation

The correlation between EVMO and SPMB is 0.49, 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. SPMB - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 3.17%, less than SPMB's 4.02% yield.

TTM20252024202320222021202020192018201720162015
EVMO
Eaton Vance Mortgage Opportunities ETF		3.17%1.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPMB
SPDR Portfolio Mortgage Backed Bond ETF		4.02%3.98%3.76%3.21%2.98%2.59%2.95%3.24%3.36%3.13%2.99%3.05%

Drawdowns

EVMO vs. SPMB - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum SPMB drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for EVMO and SPMB.

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Drawdown Indicators

EVMOSPMBDifference

Max Drawdown

Largest peak-to-trough decline

-1.89%

-18.03%

+16.14%

Max Drawdown (1Y)

Largest decline over 1 year

—

-2.93%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.49%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.03%

—

Current Drawdown

Current decline from peak

-1.26%

-1.58%

+0.32%

Average Drawdown

Average peak-to-trough decline

-0.25%

-2.87%

+2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.02%

—

Volatility

EVMO vs. SPMB - Volatility Comparison

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Volatility by Period

EVMOSPMBDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.83%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

2.77%

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.79%

4.88%

-2.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.79%

6.73%

-3.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.79%

7.59%

-4.80%