LONZ vs. EVMO
LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both exchange-traded funds - LONZ is a Bank Loan fund actively managed by PIMCO, while EVMO is a Mortgage Backed Securities fund actively managed by Eaton Vance. Both are actively managed. Their 0.16 correlation means their historical movements had little consistent relationship. LONZ charges 0.62%/yr vs 0.45%/yr for EVMO.
Performance
LONZ vs. EVMO - Performance Comparison
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Returns By Period
In the year-to-date period, LONZ achieves a 2.58% return, which is significantly higher than EVMO's 0.65% return.
LONZ
- 1D
- 0.11%
- 1M
- 0.41%
- 6M
- 2.66%
- YTD
- 2.58%
- 1Y
- 4.94%
- 3Y*
- 7.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.31%
EVMO
- 1D
- -0.29%
- 1M
- -0.53%
- 6M
- 0.19%
- YTD
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.64M | $3.32M | $3.09M | |
| $3.20M | $2.52M | $5.54M |
LONZ vs. EVMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 2.58% | 2.31% |
EVMO Eaton Vance Mortgage Opportunities ETF | 0.65% | 3.37% |
Correlation
The correlation between LONZ and EVMO is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.16 |
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Return for Risk
LONZ vs. EVMO — Risk / Return Rank
LONZ
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LONZ vs. EVMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) 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.
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.
| LONZ | EVMO | 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 | 2.39 | — | — |
| Martin ratioReturn relative to average drawdown | 9.86 | — | — |
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Drawdowns
LONZ vs. EVMO - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for LONZ and EVMO.
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Drawdown Indicators
| LONZ | EVMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -1.89% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.99% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -0.45% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
Volatility
LONZ vs. EVMO - Volatility Comparison
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Volatility by Period
| LONZ | EVMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 2.90% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 2.90% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 2.90% | +0.27% |
LONZ vs. EVMO - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than EVMO's 0.45% expense ratio.
Dividends
LONZ vs. EVMO - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 8.31%, more than EVMO's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.99% | 1.95% | 0.00% | 0.00% | 0.00% |
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.71% | 6.60% | 8.16% | 8.29% | 3.33% |
Frequently Asked Questions
LONZ and EVMO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVMO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVMO is cheaper with a 0.45% expense ratio, compared with 0.62% for LONZ.
LONZ has the higher dividend yield at 7.71%, compared with 4.99% for EVMO.
LONZ is categorized as Bank Loan, while EVMO is Mortgage Backed Securities. They also come from different issuers: PIMCO and Eaton Vance. Their fees differ too: 0.62% for LONZ and 0.45% for EVMO.
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