JMTG vs. EVMO

Last updated Jun 3, 2026

JMTG (JPMorgan Mortgage-Backed Securities ETF) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. JMTG charges 0.24%/yr vs 0.45%/yr for EVMO.

Performance

JMTG vs. EVMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mortgage-Backed Securities ETF (JMTG) 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, JMTG achieves a 0.51% return, which is significantly lower than EVMO's 0.98% return.

JMTG

• 1D: -0.06%
• 1M: -0.29%
• YTD: 0.51%
• 6M: 0.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMO

• 1D: 0.11%
• 1M: 0.09%
• YTD: 0.98%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMTG vs. EVMO - Yearly Performance Comparison

	2026 (YTD)	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	0.51%	3.36%
EVMO Eaton Vance Mortgage Opportunities ETF	0.98%	3.33%

Correlation

The correlation between JMTG and EVMO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.61

Return for Risk

JMTG vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) 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

	JMTG	EVMO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.88	-0.57

Drawdowns

JMTG vs. EVMO - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.78%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for JMTG and EVMO.

Drawdown Indicators

	JMTG	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-1.89%	-0.89%
Current Drawdown Current decline from peak	-1.74%	-0.66%	-1.08%
Average Drawdown Average peak-to-trough decline	-0.66%	-0.38%	-0.28%

Volatility

Volatility by Period

	JMTG	EVMO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	2.82%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.68%	2.82%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.68%	2.82%	+0.86%

JMTG vs. EVMO - Expense Ratio Comparison

JMTG has a 0.24% expense ratio, which is lower than EVMO's 0.45% expense ratio.

Dividends

JMTG vs. EVMO - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 3.91%, less than EVMO's 4.06% yield.

Position	TTM	2025
EVMO Eaton Vance Mortgage Opportunities ETF	4.06%	1.95%
JMTG JPMorgan Mortgage-Backed Securities ETF	3.91%	2.10%

Frequently Asked Questions

Can I hold both JMTG and EVMO in my portfolio?

JMTG and EVMO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMTG or EVMO?

On fees, JMTG is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMTG or EVMO?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.45% for EVMO.

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

EVMO has the higher dividend yield at 4.06%, compared with 3.91% for JMTG.

What is the main difference between JMTG and EVMO?

They also come from different issuers: JPMorgan and Eaton Vance. Their fees differ too: 0.24% for JMTG and 0.45% for EVMO.