EVMO vs VYM
Eaton Vance Mortgage Opportunities ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. EVMO offers more diversification with 712 holdings.
Side-by-Side Comparison
| Metric | EVMO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.04% | |
| AUM | $867M | $81.6B | |
| Dividend Yield | 5.00% | 2.24% | |
| Holdings | 712 | 616 | |
| YTD Return | +1.06% | +15.34% | |
| 1Y Return | +4.35% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 2.3% | 14.6% | |
| Max Drawdown | -1.9% | -58.8% | |
| Fund Family | Eaton Vance | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1997 | Nov 10, 2006 |
EVMO vs VYM Performance
Eaton Vance Mortgage Opportunities ETF (EVMO) is a ETF from Eaton Vance and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EVMO returned +4.35% while VYM returned +23.24%. Year to date, EVMO is up 1.06% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVMO charges 0.45% per year while VYM charges 0.04%. On a $10,000 position that is $45 vs $4 annually, a gap of $41 per year that compounds over a long holding period. On income, EVMO currently yields 5.00% against 2.24% for VYM.
Holdings Overlap
EVMO and VYM share 0 holdings out of 666 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 VYM?
EVMO has an expense ratio of 0.45% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, EVMO or VYM?
Over the past year EVMO returned +4.35% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), EVMO annualized +4.20% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, EVMO or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 2.3% for EVMO. Worst drawdown: EVMO -1.9% vs VYM -58.8%.
Should I hold both EVMO and VYM?
EVMO and VYM have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVMO and VYM?
EVMO and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
Which pays a higher dividend, EVMO or VYM?
EVMO yields 5.00% while VYM yields 2.24%, so EVMO currently pays the higher dividend yield.
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