XAGG vs. EVMO

Last updated Apr 2, 2026

Compare and contrast key facts about Eaton Vance Income Opportunities ETF (XAGG) and Eaton Vance Mortgage Opportunities ETF (EVMO).

XAGG and EVMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XAGG is an actively managed fund by Eaton Vance. It was launched on Nov 10, 2025. EVMO is an actively managed fund by Eaton Vance. It was launched on Aug 4, 2025.

Performance

XAGG vs. EVMO - Performance Comparison

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

XAGG vs. EVMO - Yearly Performance Comparison

	2026 (YTD)	2025
XAGG Eaton Vance Income Opportunities ETF	0.37%	1.61%
EVMO Eaton Vance Mortgage Opportunities ETF	0.38%	0.75%

Returns By Period

The year-to-date returns for both investments are quite close, with XAGG having a 0.37% return and EVMO slightly higher at 0.38%.

XAGG

• 1D: 0.22%
• 1M: -1.75%
• YTD: 0.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMO

• 1D: 0.00%
• 1M: -1.11%
• YTD: 0.38%
• 6M: 2.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG vs. EVMO - Expense Ratio Comparison

XAGG has a 0.50% expense ratio, which is higher than EVMO's 0.45% expense ratio.

XAGG

Eaton Vance Income Opportunities ETF

EVMO

Eaton Vance Mortgage Opportunities ETF

Return for Risk

XAGG vs. EVMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) 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

	XAGG	EVMO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	2.06	-0.51

Correlation

The correlation between XAGG and EVMO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XAGG vs. EVMO - Dividend Comparison

XAGG's dividend yield for the trailing twelve months is around 2.71%, less than EVMO's 3.17% yield.

	TTM	2025
XAGG Eaton Vance Income Opportunities ETF	2.71%	1.02%
EVMO Eaton Vance Mortgage Opportunities ETF	3.17%	1.95%

Drawdowns

XAGG vs. EVMO - Drawdown Comparison

The maximum XAGG drawdown since its inception was -2.88%, which is greater than EVMO's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for XAGG and EVMO.

Drawdown Indicators

	XAGG	EVMO	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-1.89%	-0.99%
Current Drawdown Current decline from peak	-2.00%	-1.26%	-0.74%
Average Drawdown Average peak-to-trough decline	-0.47%	-0.25%	-0.22%

Volatility

Volatility by Period

	XAGG	EVMO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	2.78%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.41%	2.78%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.41%	2.78%	+0.63%