EVMO vs SCHD
Eaton Vance Mortgage Opportunities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EVMO offers more diversification with 712 holdings.
Side-by-Side Comparison
| Metric | EVMO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.06% | |
| AUM | $867M | $108.7B | |
| Dividend Yield | 5.00% | 3.13% | |
| Holdings | 712 | 104 | |
| YTD Return | +1.06% | +28.70% | |
| 1Y Return | +4.35% | +32.27% | |
| 3Y Return (annualized) | - | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 2.3% | 13.7% | |
| Max Drawdown | -1.9% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1997 | Oct 20, 2011 |
EVMO vs SCHD Performance
Eaton Vance Mortgage Opportunities ETF (EVMO) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EVMO returned +4.35% while SCHD returned +32.27%. Year to date, EVMO is up 1.06% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -33.4% for SCHD. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVMO charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, EVMO currently yields 5.00% against 3.13% for SCHD.
Holdings Overlap
EVMO and SCHD share 0 holdings out of 163 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 SCHD?
EVMO has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, EVMO or SCHD?
Over the past year EVMO returned +4.35% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), EVMO annualized +4.20% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVMO or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 2.3% for EVMO. Worst drawdown: EVMO -1.9% vs SCHD -33.4%.
Should I hold both EVMO and SCHD?
EVMO and SCHD have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVMO and SCHD?
EVMO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 163 unique securities.
Which pays a higher dividend, EVMO or SCHD?
EVMO yields 5.00% while SCHD yields 3.13%, so EVMO currently pays the higher dividend yield.
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