FTSD vs. EVMO

Last updated Jun 4, 2026

FTSD (Franklin Short Duration U.S. Government ETF) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. FTSD charges 0.25%/yr vs 0.45%/yr for EVMO.

Performance

FTSD vs. EVMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Short Duration U.S. Government ETF (FTSD) and Eaton Vance Mortgage Opportunities ETF (EVMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTSD achieves a 0.80% return, which is significantly higher than EVMO's 0.73% return.

FTSD

• 1D: -0.12%
• 1M: 0.17%
• YTD: 0.80%
• 6M: 1.30%
• 1Y: 4.31%
• 3Y*: 4.98%
• 5Y*: 2.46%
• 10Y*: 2.05%

EVMO

• 1D: -0.25%
• 1M: 0.14%
• YTD: 0.73%
• 6M: 0.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTSD vs. EVMO - Yearly Performance Comparison

	2026 (YTD)	2025
FTSD Franklin Short Duration U.S. Government ETF	0.80%	2.34%
EVMO Eaton Vance Mortgage Opportunities ETF	0.73%	3.33%

Correlation

The correlation between FTSD and EVMO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.34

Return for Risk

FTSD vs. EVMO — Risk / Return Rank

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

FTSD

FTSD Risk / Return Rank: 95
FTSD Sharpe Ratio Rank: 92
FTSD Sortino Ratio Rank: 95
FTSD Omega Ratio Rank: 94
FTSD Calmar Ratio Rank: 96
FTSD Martin Ratio Rank: 96

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.

FTSD vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) and Eaton Vance Mortgage Opportunities ETF (EVMO). 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.

	FTSD	EVMO	Difference
Sharpe ratio: Return per unit of total volatility	3.30	—	—
Sortino ratio: Return per unit of downside risk	5.27	—	—
Omega ratio: Gain probability vs. loss probability	1.69	—	—
Calmar ratio: Return relative to maximum drawdown	9.59	—	—
Martin ratio: Return relative to average drawdown	38.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTSD	EVMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	1.76	-0.71

Drawdowns

FTSD vs. EVMO - Drawdown Comparison

The maximum FTSD drawdown since its inception was -5.32%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for FTSD and EVMO.

Drawdown Indicators

	FTSD	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-1.89%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-0.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.32%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.91%	+0.79%
Average Drawdown Average peak-to-trough decline	-0.60%	-0.38%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	—	—

Volatility

Volatility by Period

	FTSD	EVMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.31%	2.83%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.85%	2.83%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.79%	2.83%	-1.04%

FTSD vs. EVMO - Expense Ratio Comparison

FTSD has a 0.25% expense ratio, which is lower than EVMO's 0.45% expense ratio.

Dividends

FTSD vs. EVMO - Dividend Comparison

FTSD's dividend yield for the trailing twelve months is around 4.50%, more than EVMO's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVMO Eaton Vance Mortgage Opportunities ETF	4.07%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTSD Franklin Short Duration U.S. Government ETF	4.50%	4.67%	4.75%	4.14%	1.73%	1.01%	1.54%	2.90%	2.63%	2.24%	1.92%	1.52%

Frequently Asked Questions

Can I hold both FTSD and EVMO in my portfolio?

FTSD and EVMO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTSD or EVMO?

On fees, FTSD is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTSD or EVMO?

FTSD is cheaper with a 0.25% expense ratio, compared with 0.45% for EVMO.

Which ETF pays a higher dividend yield, FTSD or EVMO?

FTSD has the higher dividend yield at 4.50%, compared with 4.07% for EVMO.

What is the main difference between FTSD and EVMO?

They also come from different issuers: Franklin Templeton and Eaton Vance. Their fees differ too: 0.25% for FTSD and 0.45% for EVMO.