EVMO vs QQQ
Eaton Vance Mortgage Opportunities ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. EVMO offers more diversification with 712 holdings.
Side-by-Side Comparison
| Metric | EVMO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.18% | |
| AUM | $867M | $496.3B | |
| Dividend Yield | 5.00% | 0.44% | |
| Holdings | 712 | 108 | |
| YTD Return | +1.26% | +17.89% | |
| 1Y Return | +4.09% | +26.35% | |
| 3Y Return (annualized) | - | +26.02% | |
| 5Y Return (annualized) | - | +14.59% | |
| Volatility (annualized) | 2.3% | 30.6% | |
| Max Drawdown | -1.9% | -83.0% | |
| Fund Family | Eaton Vance | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1997 | Mar 10, 1999 |
EVMO vs QQQ Performance
Eaton Vance Mortgage Opportunities ETF (EVMO) is a ETF from Eaton Vance and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year EVMO returned +4.09% while QQQ returned +26.35%. Year to date, EVMO is up 1.26% versus a gain of 17.89% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.3% for EVMO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.9% for EVMO and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVMO charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, EVMO currently yields 5.00% against 0.44% for QQQ.
Holdings Overlap
EVMO and QQQ share 0 holdings out of 165 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVMO or QQQ?
EVMO has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, EVMO or QQQ?
Over the past year EVMO returned +4.09% vs +26.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), EVMO annualized +4.33% vs +13.07% for QQQ. Past performance does not guarantee future results.
Which is riskier, EVMO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.3% for EVMO. Worst drawdown: EVMO -1.9% vs QQQ -83.0%.
Should I hold both EVMO and QQQ?
EVMO and QQQ have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVMO and QQQ?
EVMO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, EVMO or QQQ?
EVMO yields 5.00% while QQQ yields 0.44%, so EVMO currently pays the higher dividend yield.
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