EVMO vs. VABS

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Mortgage Opportunities ETF (EVMO) and Virtus Newfleet ABS/MBS ETF (VABS).

EVMO and VABS 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. VABS is an actively managed fund by Virtus Investment Partners. It was launched on Feb 9, 2021.

Performance

EVMO vs. VABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Mortgage Opportunities ETF (EVMO) and Virtus Newfleet ABS/MBS ETF (VABS). The values are adjusted to include any dividend payments, if applicable.

EVMO vs. VABS - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.38%	3.33%
VABS Virtus Newfleet ABS/MBS ETF	0.70%	1.16%

Returns By Period

In the year-to-date period, EVMO achieves a 0.38% return, which is significantly lower than VABS's 0.70% return.

EVMO

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

VABS

• 1D: -0.05%
• 1M: -0.39%
• YTD: 0.70%
• 6M: 1.62%
• 1Y: 4.48%
• 3Y*: 6.26%
• 5Y*: 3.20%
• 10Y*: —

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

EVMO vs. VABS - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than VABS's 0.39% expense ratio.

EVMO

Eaton Vance Mortgage Opportunities ETF

VABS

Virtus Newfleet ABS/MBS ETF

Return for Risk

EVMO vs. VABS — Risk / Return Rank

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

VABS

VABS Risk / Return Rank: 91
VABS Sharpe Ratio Rank: 90
VABS Sortino Ratio Rank: 92
VABS Omega Ratio Rank: 93
VABS Calmar Ratio Rank: 95
VABS Martin Ratio Rank: 85

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. VABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Virtus Newfleet ABS/MBS ETF (VABS). 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	VABS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	1.37	+0.68

Correlation

The correlation between EVMO and VABS is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EVMO vs. VABS - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 3.17%, less than VABS's 5.21% yield.

	TTM	2025	2024	2023	2022	2021
EVMO Eaton Vance Mortgage Opportunities ETF	3.17%	1.95%	0.00%	0.00%	0.00%	0.00%
VABS Virtus Newfleet ABS/MBS ETF	5.21%	4.94%	5.05%	4.13%	2.47%	1.47%

Drawdowns

EVMO vs. VABS - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum VABS drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for EVMO and VABS.

Drawdown Indicators

	EVMO	VABS	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-7.12%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.12%	—
Current Drawdown Current decline from peak	-1.26%	-0.63%	-0.63%
Average Drawdown Average peak-to-trough decline	-0.25%	-1.46%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.40%	—

Volatility

Volatility by Period

	EVMO	VABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	2.22%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	2.29%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	2.27%	+0.51%