EVMO vs VOO
Eaton Vance Mortgage Opportunities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. EVMO offers more diversification with 712 holdings.
Side-by-Side Comparison
| Metric | EVMO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $867M | $997.4B | |
| Dividend Yield | 5.00% | 1.08% | |
| Holdings | 712 | 509 | |
| YTD Return | +1.06% | +12.68% | |
| 1Y Return | +4.35% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 2.3% | 14.1% | |
| Max Drawdown | -1.9% | -34.3% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1997 | Sep 7, 2010 |
EVMO vs VOO Performance
Eaton Vance Mortgage Opportunities ETF (EVMO) is a ETF from Eaton Vance and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EVMO returned +4.35% while VOO returned +21.87%. Year to date, EVMO is up 1.06% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVMO charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, EVMO currently yields 5.00% against 1.08% for VOO.
Holdings Overlap
EVMO and VOO share 0 holdings out of 568 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 VOO?
EVMO has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, EVMO or VOO?
Over the past year EVMO returned +4.35% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), EVMO annualized +4.20% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, EVMO or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 2.3% for EVMO. Worst drawdown: EVMO -1.9% vs VOO -34.3%.
Should I hold both EVMO and VOO?
EVMO and VOO have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVMO and VOO?
EVMO and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 568 unique securities.
Which pays a higher dividend, EVMO or VOO?
EVMO yields 5.00% while VOO yields 1.08%, so EVMO currently pays the higher dividend yield.
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