PMBS vs. EVMO
PMBS (PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, PMBS returned 3.73% vs 4.21% for EVMO. Their 0.64 correlation means they have sometimes moved together and sometimes differently. PMBS charges 0.71%/yr vs 0.45%/yr for EVMO.
Performance
PMBS vs. EVMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMBS achieves a 0.07% return, which is significantly lower than EVMO's 0.81% return.
PMBS
- 1D
- 0.23%
- 1M
- -1.24%
- 6M
- -0.59%
- YTD
- 0.07%
- 1Y
- 3.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.15%
EVMO
- 1D
- 0.16%
- 1M
- -0.36%
- 6M
- 0.44%
- YTD
- 0.81%
- 1Y
- 4.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.74M | $2.99M | $3.08M | |
| $4.24M | $3.71M | $5.44M |
PMBS vs. EVMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 0.07% | 3.66% |
EVMO Eaton Vance Mortgage Opportunities ETF | 0.81% | 3.37% |
Correlation
The correlation between PMBS and EVMO is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.64 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMBS vs. EVMO — Risk / Return Rank
PMBS
EVMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMBS vs. EVMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) 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.
| PMBS | EVMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | — | — |
| Martin ratioReturn relative to average drawdown | 3.46 | — | — |
Loading charts...
Drawdowns
PMBS vs. EVMO - Drawdown Comparison
The maximum PMBS drawdown since its inception was -4.35%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for PMBS and EVMO.
Loading charts...
Drawdown Indicators
| PMBS | EVMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -1.89% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -1.89% | -1.08% |
Current DrawdownCurrent decline from peak | -2.37% | -0.83% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -0.45% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | — | — |
Volatility
PMBS vs. EVMO - Volatility Comparison
Loading charts...
Volatility by Period
| PMBS | EVMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 2.90% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 2.90% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 2.90% | +1.95% |
PMBS vs. EVMO - Expense Ratio Comparison
PMBS has a 0.71% expense ratio, which is higher than EVMO's 0.45% expense ratio.
Dividends
PMBS vs. EVMO - Dividend Comparison
PMBS's dividend yield for the trailing twelve months is around 4.98%, which matches EVMO's 4.99% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVMO Eaton Vance Mortgage Opportunities ETF | 4.99% | 1.95% | 0.00% |
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 4.98% | 4.73% | 1.59% |
Frequently Asked Questions
PMBS and EVMO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, EVMO leads with 4.21% vs 3.73% for PMBS. 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.
Over the 1-year period, EVMO has performed better with a 4.21% return vs 3.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVMO is cheaper with a 0.45% expense ratio, compared with 0.71% for PMBS.
EVMO has the higher dividend yield at 4.99%, compared with 4.98% for PMBS.
They also come from different issuers: PIMCO and Eaton Vance. Their fees differ too: 0.71% for PMBS and 0.45% for EVMO.
Find the right allocation for PMBS and EVMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer