VETZ vs. EVMO

Last updated Jun 3, 2026

VETZ (Academy Veteran Bond 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. VETZ charges 0.35%/yr vs 0.45%/yr for EVMO.

Performance

VETZ vs. EVMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Veteran Bond ETF (VETZ) and Eaton Vance Mortgage Opportunities ETF (EVMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VETZ achieves a 0.62% return, which is significantly lower than EVMO's 0.98% return.

VETZ

• 1D: -0.10%
• 1M: -0.23%
• YTD: 0.62%
• 6M: 1.16%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMO

• 1D: 0.11%
• 1M: 0.09%
• YTD: 0.98%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VETZ vs. EVMO - Yearly Performance Comparison

	2026 (YTD)	2025
VETZ Academy Veteran Bond ETF	0.62%	3.91%
EVMO Eaton Vance Mortgage Opportunities ETF	0.98%	3.33%

Correlation

The correlation between VETZ 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

Return for Risk

VETZ vs. EVMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VETZ

VETZ Risk / Return Rank: 43
VETZ Sharpe Ratio Rank: 41
VETZ Sortino Ratio Rank: 43
VETZ Omega Ratio Rank: 39
VETZ Calmar Ratio Rank: 45
VETZ Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VETZ vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Veteran Bond ETF (VETZ) 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.

	VETZ	EVMO	Difference
Sharpe ratio Return per unit of total volatility	1.47	—	—
Sortino ratio Return per unit of downside risk	2.20	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	2.30	—	—
Martin ratio Return relative to average drawdown	8.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VETZ	EVMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.88	-1.03

Drawdowns

VETZ vs. EVMO - Drawdown Comparison

The maximum VETZ drawdown since its inception was -5.16%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for VETZ and EVMO.

Drawdown Indicators

	VETZ	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-1.89%	-3.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	—	—
Current Drawdown Current decline from peak	-1.39%	-0.66%	-0.73%
Average Drawdown Average peak-to-trough decline	-1.30%	-0.38%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	—	—

Volatility

Volatility by Period

	VETZ	EVMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.84%	2.82%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	2.82%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.15%	2.82%	+3.33%

VETZ vs. EVMO - Expense Ratio Comparison

VETZ has a 0.35% expense ratio, which is lower than EVMO's 0.45% expense ratio.

Dividends

VETZ vs. EVMO - Dividend Comparison

VETZ's dividend yield for the trailing twelve months is around 6.17%, more than EVMO's 4.06% yield.

Position	TTM	2025	2024	2023
EVMO Eaton Vance Mortgage Opportunities ETF	4.06%	1.95%	0.00%	0.00%
VETZ Academy Veteran Bond ETF	6.17%	6.14%	5.89%	1.88%

Frequently Asked Questions

Can I hold both VETZ and EVMO in my portfolio?

VETZ 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.

Which ETF is better, VETZ or EVMO?

On fees, VETZ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VETZ or EVMO?

VETZ is cheaper with a 0.35% expense ratio, compared with 0.45% for EVMO.

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

VETZ has the higher dividend yield at 6.17%, compared with 4.06% for EVMO.

What is the main difference between VETZ and EVMO?

They also come from different issuers: Academy and Eaton Vance. Their fees differ too: 0.35% for VETZ and 0.45% for EVMO.