EVMO vs IVV
EVMO vs IVV
Eaton Vance Mortgage Opportunities ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVMO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | - | $865.2B | |
| Dividend Yield | - | 1.09% | |
| Holdings | 726 | 508 | |
| YTD Return | +1.26% | +13.80% | |
| 1Y Return | +4.90% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 2.3% | 15.1% | |
| Max Drawdown | -1.9% | -56.5% | |
| Fund Family | Eaton Vance | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 1987 | May 15, 2000 |
EVMO vs IVV Performance
Eaton Vance Mortgage Opportunities ETF (EVMO) is a ETF from Eaton Vance and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EVMO returned +4.90% while IVV returned +23.70%. Year to date, EVMO is up 1.26% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVMO charges 0.45% per year while IVV 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.
Holdings Overlap
EVMO and IVV share 0 holdings out of 562 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 IVV?
EVMO has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, EVMO or IVV?
Over the past year EVMO returned +4.90% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), EVMO annualized +4.57% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, EVMO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.3% for EVMO. Worst drawdown: EVMO -1.9% vs IVV -56.5%.
Should I hold both EVMO and IVV?
EVMO and IVV have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVMO and IVV?
EVMO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 562 unique securities.
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