SECU vs. EVMO

Last updated Jun 5, 2026

SECU (iShares Securitized Income Active ETF) and EVMO (Eaton Vance Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. SECU charges 0.40%/yr vs 0.45%/yr for EVMO.

Performance

SECU vs. EVMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Securitized Income Active ETF (SECU) and Eaton Vance Mortgage Opportunities ETF (EVMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SECU

• 1D: 0.03%
• 1M: 0.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMO

• 1D: 0.10%
• 1M: 0.18%
• YTD: 0.83%
• 6M: 1.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SECU vs. EVMO - Yearly Performance Comparison

	2026 (YTD)
SECU iShares Securitized Income Active ETF	1.36%
EVMO Eaton Vance Mortgage Opportunities ETF	0.55%

Correlation

The correlation between SECU and EVMO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.44

Return for Risk

SECU vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Securitized Income Active ETF (SECU) 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

	SECU	EVMO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.79	-0.63

Drawdowns

SECU vs. EVMO - Drawdown Comparison

The maximum SECU drawdown since its inception was -1.76%, smaller than the maximum EVMO drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for SECU and EVMO.

Drawdown Indicators

	SECU	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-1.89%	+0.13%
Current Drawdown Current decline from peak	-0.07%	-0.81%	+0.74%
Average Drawdown Average peak-to-trough decline	-0.55%	-0.39%	-0.16%

Volatility

Volatility by Period

	SECU	EVMO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.32%	2.82%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.32%	2.82%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.32%	2.82%	+0.50%

SECU vs. EVMO - Expense Ratio Comparison

SECU has a 0.40% expense ratio, which is lower than EVMO's 0.45% expense ratio.

Dividends

SECU vs. EVMO - Dividend Comparison

SECU's dividend yield for the trailing twelve months is around 2.10%, less than EVMO's 4.07% yield.

Position	TTM	2025
EVMO Eaton Vance Mortgage Opportunities ETF	4.07%	1.95%
SECU iShares Securitized Income Active ETF	2.10%	0.00%

Frequently Asked Questions

Can I hold both SECU and EVMO in my portfolio?

SECU and EVMO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SECU or EVMO?

On fees, SECU is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SECU or EVMO?

SECU is cheaper with a 0.40% expense ratio, compared with 0.45% for EVMO.

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

EVMO has the higher dividend yield at 4.07%, compared with 2.10% for SECU.

What is the main difference between SECU and EVMO?

They also come from different issuers: iShares and Eaton Vance. Their fees differ too: 0.40% for SECU and 0.45% for EVMO.