WisdomTree Mortgage Plus Bond Fund (MTGP) belongs to the Mortgage Backed Securities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MTGP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MTGP
MTGP charges 0.45% annually. There are 20 ETFs in the Mortgage Backed Securities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Mortgage-Backed Securities ETF | 0.03% | — | Nov 2024 | MTGP vs SMBS | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | 7.01B | Jan 2009 | MTGP vs SPMB | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | 17.10B | Nov 2009 | MTGP vs VMBS | |
| iShares MBS Bond ETF | 0.06% | 39.27B | Mar 2007 | MTGP vs MBB | |
| Simplify MBS ETF | 0.15% | 1.53B | Nov 2023 | MTGP vs MTBA |
Best Risk-Adjusted Alternatives to MTGP
MTGP has a PortfoliosLab risk / return rank of 38. There are 16 ETFs in the Mortgage Backed Securities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 96 | 297.39M | Nov 2013 | MTGP vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 90 | 6.35B | Nov 2014 | MTGP vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 80 | 112.35M | Feb 2021 | MTGP vs VABS | |
| First Trust TCW Securitized Plus ETF | 51 | 78.78M | Apr 2020 | MTGP vs DEED | |
| JPMorgan Mortgage-Backed Securities ETF | 49 | 6.66B | Aug 2000 | MTGP vs JMTG |
Top Performing MTGP Alternatives (YTD)
MTGP is at 0.62% YTD. There are 12 ETFs in the Mortgage Backed Securities category with higher YTD returns, going as high as 6.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Regan Fixed Rate MBS ETF | 6.66% | 13.94M | Apr 2025 | MTGP vs MBSX | |
| Nuveen Securitized Income ETF | 2.25% | 178.50M | Sep 2025 | MTGP vs NSCI | |
| Virtus Newfleet ABS/MBS ETF | 1.84% | 112.35M | Feb 2021 | MTGP vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.45% | 6.35B | Nov 2014 | MTGP vs LMBS | |
| First Trust TCW Securitized Plus ETF | 1.22% | 78.78M | Apr 2020 | MTGP vs DEED |
Lowest Volatility Alternatives to MTGP
MTGP has 4.43% 1-year volatility. There are 21 ETFs in the Mortgage Backed Securities category with lower 1-year volatility, going as low as 1.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Securitized Income ETF | 1.28% | 178.50M | Sep 2025 | MTGP vs NSCI | |
| Franklin Short Duration U.S. Government ETF | 1.36% | 297.39M | Nov 2013 | MTGP vs FTSD | |
| American Century Securitized Credit ETF | 1.46% | 19.95M | May 2026 | MTGP vs ASEC | |
| Virtus Newfleet ABS/MBS ETF | 1.94% | 112.35M | Feb 2021 | MTGP vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.96% | 6.35B | Nov 2014 | MTGP vs LMBS |
Lowest Drawdown Alternatives to MTGP
MTGP has a 1-year max drawdown of -2.53%. There are 5 ETFs in the Mortgage Backed Securities category with shallower 1-year drawdowns, going as shallow as -0.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.45% | 297.39M | Nov 2013 | MTGP vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -0.98% | 112.35M | Feb 2021 | MTGP vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | -1.43% | 6.35B | Nov 2014 | MTGP vs LMBS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.17% | 89.04M | Sep 2014 | MTGP vs MBSD | |
| iShares CMBS ETF | -2.44% | 473.70M | Feb 2012 | MTGP vs CMBS |
Other ETFs from WisdomTree
The 10 most viewed WisdomTree ETFs shown here include USFR, DGRW, GDE and span 14 categories. AUM among these funds goes as high as $18B.
Often Compared With MTGP
Investors most often compare MTGP with DIV, SPDV, EVMO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare MTGP with Any Fund or Stock
Compare MTGP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MTGP with funds that move differently
WisdomTree Mortgage Plus Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MTGP.
Explore MTGP Diversifiers