MTGP vs. EVMO
MTGP (WisdomTree Mortgage Plus Bond Fund) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
MTGP vs. EVMO - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with MTGP at 0.71% and EVMO at 0.71%.
MTGP
- 1D
- 0.15%
- 1M
- 0.85%
- YTD
- 0.71%
- 6M
- 0.71%
- 1Y
- 5.24%
- 3Y*
- 4.42%
- 5Y*
- 0.39%
- 10Y*
- —
EVMO
- 1D
- 0.16%
- 1M
- 0.36%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTGP vs. EVMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 0.71% | 3.12% |
EVMO Eaton Vance Mortgage Opportunities ETF | 0.71% | 3.37% |
Correlation
The correlation between MTGP and EVMO is 0.54, 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 4, 2025 | 0.54 |
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Return for Risk
MTGP vs. EVMO — Risk / Return Rank
MTGP
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MTGP vs. EVMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) 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.
| MTGP | EVMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | — | — |
| Martin ratioReturn relative to average drawdown | 5.31 | — | — |
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Drawdowns
MTGP vs. EVMO - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for MTGP and EVMO.
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Drawdown Indicators
| MTGP | EVMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -1.89% | -14.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.93% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -0.42% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | — | — |
Volatility
MTGP vs. EVMO - Volatility Comparison
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Volatility by Period
| MTGP | EVMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 2.86% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 2.86% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 2.86% | +2.38% |
MTGP vs. EVMO - Expense Ratio Comparison
Both MTGP and EVMO have an expense ratio of 0.45%.
Dividends
MTGP vs. EVMO - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.30%, more than EVMO's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.07% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.30% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% |
Frequently Asked Questions
MTGP and EVMO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MTGP and EVMO have the same expense ratio: 0.45% per year.
MTGP has the higher dividend yield at 4.30%, compared with 4.07% for EVMO.
They also come from different issuers: WisdomTree and Eaton Vance.
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