EVMO vs. VGSH
EVMO (Eaton Vance Mortgage Opportunities ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. EVMO is actively managed, while VGSH is passively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. EVMO charges 0.45%/yr vs 0.03%/yr for VGSH.
Performance
EVMO vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, EVMO achieves a 0.65% return, which is significantly lower than VGSH's 0.77% return.
EVMO
- 1D
- -0.29%
- 1M
- -0.53%
- 6M
- 0.19%
- YTD
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VGSH
- 1D
- -0.05%
- 1M
- 0.03%
- 6M
- 0.55%
- YTD
- 0.77%
- 1Y
- 2.58%
- 3Y*
- 4.29%
- 5Y*
- 1.87%
- 10Y*
- 1.73%
- ALL TIME*
- 1.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $3.32M | $3.09M | |
| $133.56M | $160.92M | $191.51M |
EVMO vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 0.65% | 3.37% |
VGSH Vanguard Short-Term Treasury ETF | 0.77% | 1.79% |
Correlation
The correlation between EVMO and VGSH is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.58 |
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Return for Risk
EVMO vs. VGSH — Risk / Return Rank
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGSH
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVMO | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.51 | — |
| Martin ratioReturn relative to average drawdown | — | 13.46 | — |
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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
| EVMO | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -5.70% | +3.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.05% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -0.59% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.23% | — |
Volatility
EVMO vs. VGSH - Volatility Comparison
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Volatility by Period
| EVMO | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 1.32% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 1.98% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 1.58% | +1.32% |
EVMO vs. VGSH - Expense Ratio Comparison
EVMO has a 0.45% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Dividends
EVMO vs. VGSH - Dividend Comparison
EVMO's dividend yield for the trailing twelve months is around 4.99%, more than VGSH's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.99% | 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 | 3.50% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
EVMO and VGSH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGSH is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.45% for EVMO.
EVMO has the higher dividend yield at 4.99%, compared with 3.50% for VGSH.
EVMO is categorized as Mortgage Backed Securities, while VGSH is Government Bonds. They also come from different issuers: Eaton Vance and Vanguard. Their fees differ too: 0.45% for EVMO and 0.03% for VGSH.
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