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EVMO vs. VGSH
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EVMO vs. VGSH

Last updated Apr 1, 2026

Compare and contrast key facts about Eaton Vance Mortgage Opportunities ETF (EVMO) and Vanguard Short-Term Treasury ETF (VGSH).

EVMO and VGSH 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. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009.

Performance

EVMO vs. VGSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Mortgage Opportunities ETF (EVMO) and Vanguard Short-Term Treasury ETF (VGSH). The values are adjusted to include any dividend payments, if applicable.

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EVMO vs. VGSH - Yearly Performance Comparison

2026 (YTD)2025
EVMO
Eaton Vance Mortgage Opportunities ETF		0.38%3.33%
VGSH
Vanguard Short-Term Treasury ETF		0.28%1.79%

Returns By Period

In the year-to-date period, EVMO achieves a 0.38% return, which is significantly higher than VGSH's 0.28% return.

EVMO

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

VGSH

1D
0.09%
1M
-0.49%
YTD
0.28%
6M
1.37%
1Y
3.75%
3Y*
3.98%
5Y*
1.79%
10Y*
1.74%
*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

Vanguard Short-Term Treasury ETF

Often compared with EVMO:
EVMO vs. CGDVEVMO vs. TLTEVMO vs. VCSHEVMO vs. EVIMEVMO vs. EVSMEVMO vs. EVSBEVMO vs. EVLN
Often compared with VGSH:
VGSH vs. sgovVGSH vs. SHVVGSH vs. SHYVGSH vs. BNDVGSH vs. VCSHVGSH vs. VTIPVGSH vs. VUSXX

EVMO vs. VGSH - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is higher than VGSH's 0.03% expense ratio.

EVMO
Eaton Vance Mortgage Opportunities ETF
VGSH
Vanguard Short-Term Treasury ETF

Return for Risk

EVMO vs. VGSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EVMO
VGSH
VGSH Risk / Return Rank: 9797
Overall Rank
VGSH Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VGSH Sortino Ratio Rank: 9898
Sortino Ratio Rank
VGSH Omega Ratio Rank: 9797
Omega Ratio Rank
VGSH Calmar Ratio Rank: 9696
Calmar Ratio Rank
VGSH Martin Ratio Rank: 9696
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. VGSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Vanguard Short-Term Treasury ETF (VGSH). 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. VGSH - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EVMOVGSHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.62

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.92

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.11

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.06

1.02

+1.05

Correlation

The correlation between EVMO and VGSH is 0.38, 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. VGSH - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 3.17%, less than VGSH's 3.95% 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%
VGSH
Vanguard Short-Term Treasury ETF		3.95%4.00%4.18%3.31%1.15%0.66%1.74%2.28%1.79%1.10%0.84%0.69%

Drawdowns

EVMO vs. VGSH - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for EVMO and VGSH.

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Drawdown Indicators

EVMOVGSHDifference

Max Drawdown

Largest peak-to-trough decline

-1.89%

-5.70%

+3.81%

Max Drawdown (1Y)

Largest decline over 1 year

—

-0.88%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-5.70%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-5.70%

—

Current Drawdown

Current decline from peak

-1.26%

-0.49%

-0.77%

Average Drawdown

Average peak-to-trough decline

-0.25%

-0.60%

+0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.23%

—

Volatility

EVMO vs. VGSH - Volatility Comparison

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Volatility by Period

EVMOVGSHDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

0.52%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

0.84%

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.79%

1.44%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.79%

1.96%

+0.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.79%

1.57%

+1.22%