IMTG vs. EVMO

Last updated Jun 4, 2026

IMTG (Invesco Agency MBS ETF) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. IMTG charges 0.22%/yr vs 0.45%/yr for EVMO.

Performance

IMTG vs. EVMO - Performance Comparison

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

Returns By Period

IMTG

• 1D: -0.18%
• 1M: 0.23%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

IMTG vs. EVMO - Yearly Performance Comparison

	2026 (YTD)
IMTG Invesco Agency MBS ETF	-1.11%
EVMO Eaton Vance Mortgage Opportunities ETF	-0.65%

Correlation

The correlation between IMTG and EVMO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.93

Return for Risk

IMTG vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Agency MBS ETF (IMTG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IMTG	EVMO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	1.76	-2.62

Drawdowns

IMTG vs. EVMO - Drawdown Comparison

The maximum IMTG drawdown since its inception was -2.85%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for IMTG and EVMO.

Drawdown Indicators

	IMTG	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-2.85%	-1.89%	-0.96%
Current Drawdown Current decline from peak	-1.50%	-0.91%	-0.59%
Average Drawdown Average peak-to-trough decline	-1.41%	-0.38%	-1.03%

Volatility

Volatility by Period

	IMTG	EVMO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	2.83%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.74%	2.83%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.74%	2.83%	+1.91%

IMTG vs. EVMO - Expense Ratio Comparison

IMTG has a 0.22% expense ratio, which is lower than EVMO's 0.45% expense ratio.

Dividends

IMTG vs. EVMO - Dividend Comparison

IMTG's dividend yield for the trailing twelve months is around 0.85%, less than EVMO's 4.07% yield.

Position	TTM	2025
EVMO Eaton Vance Mortgage Opportunities ETF	4.07%	1.95%
IMTG Invesco Agency MBS ETF	0.85%	0.00%

Frequently Asked Questions

Can I hold both IMTG and EVMO in my portfolio?

With a correlation of 0.93, IMTG and EVMO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IMTG or EVMO?

On fees, IMTG is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMTG or EVMO?

IMTG is cheaper with a 0.22% expense ratio, compared with 0.45% for EVMO.

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

EVMO has the higher dividend yield at 4.07%, compared with 0.85% for IMTG.

What is the main difference between IMTG and EVMO?

They also come from different issuers: Invesco and Eaton Vance. Their fees differ too: 0.22% for IMTG and 0.45% for EVMO.