EVMO vs. XAGG

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Mortgage Opportunities ETF (EVMO) and Eaton Vance Income Opportunities ETF (XAGG).

EVMO and XAGG 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. XAGG is an actively managed fund by Eaton Vance. It was launched on Nov 10, 2025.

Performance

EVMO vs. XAGG - Performance Comparison

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

EVMO vs. XAGG - Yearly Performance Comparison

	2026 (YTD)	2025
EVMO Eaton Vance Mortgage Opportunities ETF	0.38%	0.75%
XAGG Eaton Vance Income Opportunities ETF	0.37%	1.61%

Returns By Period

The year-to-date returns for both stocks are quite close, with EVMO having a 0.38% return and XAGG slightly lower at 0.37%.

EVMO

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

XAGG

• 1D: 0.22%
• 1M: -1.75%
• YTD: 0.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVMO vs. XAGG - Expense Ratio Comparison

EVMO has a 0.45% expense ratio, which is lower than XAGG's 0.50% expense ratio.

XAGG

Eaton Vance Income Opportunities ETF

EVMO

Eaton Vance Mortgage Opportunities ETF

Return for Risk

EVMO vs. XAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Mortgage Opportunities ETF (EVMO) and Eaton Vance Income Opportunities ETF (XAGG). 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	XAGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	1.55	+0.51

Correlation

The correlation between EVMO and XAGG is 0.40, 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. XAGG - Dividend Comparison

EVMO's dividend yield for the trailing twelve months is around 3.17%, more than XAGG's 2.71% yield.

	TTM	2025
EVMO Eaton Vance Mortgage Opportunities ETF	3.17%	1.95%
XAGG Eaton Vance Income Opportunities ETF	2.71%	1.02%

Drawdowns

EVMO vs. XAGG - Drawdown Comparison

The maximum EVMO drawdown since its inception was -1.89%, smaller than the maximum XAGG drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for EVMO and XAGG.

Drawdown Indicators

	EVMO	XAGG	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-2.88%	+0.99%
Current Drawdown Current decline from peak	-1.26%	-2.00%	+0.74%
Average Drawdown Average peak-to-trough decline	-0.25%	-0.47%	+0.22%

Volatility

Volatility by Period

	EVMO	XAGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	3.41%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	3.41%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	3.41%	-0.63%