EVMO vs LQDB
Eaton Vance Mortgage Opportunities ETF vs iShares BBB Rated Corporate Bond ETF
Which is better, EVMO or LQDB?
EVMO has been ahead.
LQDB has a lower expense ratio. EVMO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EVMO | LQDB |
|---|---|---|
| Expense Ratio | 0.45% | 0.15%Best |
| AUM | $802M | $58M |
| Dividend Yield | 5.27% | 4.96% |
| Holdings | 712 | 1,777 |
| YTD Return | -0.88%Best | -1.85% |
| 1Y Return | +0.28%Best | -1.93% |
| 3Y Return (annualized) | - | +5.73% |
| 5Y Return (annualized) | - | -0.04% |
| Volatility (annualized) | 3.5%Best | 4.1% |
| Max Drawdown | -3.4%Best | -4.1% |
| $10,000 over 1.2 years | $10,240Best | $10,042 |
| Fund Family | Eaton Vance | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Jul 28, 1997 | May 18, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 4, 2025 to Oct 14, 2026 (1.2 years).
EVMO vs LQDB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
EVMO vs LQDB Performance
Eaton Vance Mortgage Opportunities ETF (EVMO) is an ETF from Eaton Vance and iShares BBB Rated Corporate Bond ETF (LQDB) is an ETF from iShares by BlackRock (US). Over the past year EVMO returned +0.28% while LQDB returned -1.93%. Year to date, EVMO is down 0.88% versus a loss of 1.85% for LQDB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LQDB has been the more volatile fund, with annualized monthly volatility of 4.1% compared with 3.5% 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 -3.4% for EVMO and -4.1% for LQDB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EVMO charges 0.45% per year while LQDB charges 0.15%. On a $10,000 position that is $45 vs $15 annually, a gap of $30 per year that compounds over a long holding period. On income, EVMO currently yields 5.27% against 4.96% for LQDB.
Holdings Overlap
We hold position weights for 57 holdings in EVMO and 1,588 in LQDB, totalling 18.6% and 91.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 57 positions we hold weights for in EVMO and 1,588 in LQDB, against full books of 712 and 1,777.
You are not choosing between two funds in isolation.
Whichever of EVMO and LQDB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EVMO or LQDB?
EVMO has an expense ratio of 0.45% while LQDB charges 0.15%. LQDB is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, EVMO or LQDB?
Over the past year EVMO returned +0.28% vs -1.93% for LQDB, so EVMO leads on 1-year performance. Over the longest common window we track (1 years), EVMO annualized +2.00% vs +0.35% for LQDB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVMO or LQDB?
LQDB has been the more volatile fund at 4.1% annualized versus 3.5% for EVMO. Worst drawdown: EVMO -3.4% vs LQDB -4.1%.
Should I hold both EVMO and LQDB?
EVMO and LQDB have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, EVMO or LQDB?
EVMO yields 5.27% while LQDB yields 4.96%, so EVMO currently pays the higher dividend yield.
Is LQDB better than EVMO?
LQDB has a lower expense ratio. EVMO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.