OWNS vs. EVMO
OWNS (CCM Affordable Housing MBS ETF) 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. OWNS charges 0.30%/yr vs 0.45%/yr for EVMO.
Performance
OWNS vs. EVMO - Performance Comparison
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Returns By Period
In the year-to-date period, OWNS achieves a 0.36% return, which is significantly lower than EVMO's 0.83% return.
OWNS
- 1D
- -0.12%
- 1M
- 0.12%
- YTD
- 0.36%
- 6M
- 0.78%
- 1Y
- 6.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVMO
- 1D
- 0.10%
- 1M
- 0.18%
- YTD
- 0.83%
- 6M
- 1.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OWNS vs. EVMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OWNS CCM Affordable Housing MBS ETF | 0.36% | 3.53% |
EVMO Eaton Vance Mortgage Opportunities ETF | 0.83% | 3.33% |
Correlation
The correlation between OWNS 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 5, 2025 | 0.54 |
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Return for Risk
OWNS vs. EVMO — Risk / Return Rank
OWNS
EVMO
OWNS vs. EVMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CCM Affordable Housing MBS ETF (OWNS) 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.
| OWNS | EVMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 5.99 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OWNS | EVMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.79 | -0.79 |
Drawdowns
OWNS vs. EVMO - Drawdown Comparison
The maximum OWNS drawdown since its inception was -5.39%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for OWNS and EVMO.
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Drawdown Indicators
| OWNS | EVMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.39% | -1.89% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | — | — |
Current DrawdownCurrent decline from peak | -1.67% | -0.81% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.39% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | — | — |
Volatility
OWNS vs. EVMO - Volatility Comparison
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Volatility by Period
| OWNS | EVMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 2.82% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 2.82% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 2.82% | +2.57% |
OWNS vs. EVMO - Expense Ratio Comparison
OWNS has a 0.30% expense ratio, which is lower than EVMO's 0.45% expense ratio.
Dividends
OWNS vs. EVMO - Dividend Comparison
OWNS's dividend yield for the trailing twelve months is around 4.31%, more than EVMO's 4.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.07% | 1.95% | 0.00% |
OWNS CCM Affordable Housing MBS ETF | 4.31% | 4.12% | 3.75% |
Frequently Asked Questions
OWNS 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.
On fees, OWNS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OWNS is cheaper with a 0.30% expense ratio, compared with 0.45% for EVMO.
OWNS has the higher dividend yield at 4.31%, compared with 4.07% for EVMO.
They also come from different issuers: CCM and Eaton Vance. Their fees differ too: 0.30% for OWNS and 0.45% for EVMO.
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