AJX vs. MORT
Compare and contrast key facts about Great Ajax Corp. (AJX) and VanEck Vectors Mortgage REIT Income ETF (MORT).
MORT is a passively managed fund by VanEck that tracks the performance of the MVIS Global Mortgage REITs Index. It was launched on Aug 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AJX or MORT.
Key characteristics
| AJX | MORT | |
|---|---|---|
| YTD Return | -27.81% | -4.99% |
| 1Y Return | -30.57% | 17.00% |
| 3Y Return (Ann) | -25.31% | -7.95% |
| 5Y Return (Ann) | -15.62% | -5.02% |
| Sharpe Ratio | -0.61 | 0.70 |
| Daily Std Dev | 50.63% | 24.63% |
| Max Drawdown | -72.75% | -70.13% |
| Current Drawdown | -66.13% | -33.69% |
Correlation
The correlation between AJX and MORT is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AJX vs. MORT - Performance Comparison
In the year-to-date period, AJX achieves a -27.81% return, which is significantly lower than MORT's -4.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AJX vs. MORT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great Ajax Corp. (AJX) and VanEck Vectors Mortgage REIT Income ETF (MORT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AJX vs. MORT - Dividend Comparison
AJX's dividend yield for the trailing twelve months is around 16.17%, more than MORT's 11.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJX Great Ajax Corp. | 16.17% | 14.21% | 16.00% | 6.16% | 7.93% | 9.00% | 10.16% | 8.21% | 7.49% | 5.15% | 0.00% | 0.00% |
MORT VanEck Vectors Mortgage REIT Income ETF | 11.60% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.01% | 15.30% |
Drawdowns
AJX vs. MORT - Drawdown Comparison
The maximum AJX drawdown since its inception was -72.75%, roughly equal to the maximum MORT drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for AJX and MORT. For additional features, visit the drawdowns tool.
Volatility
AJX vs. MORT - Volatility Comparison
Great Ajax Corp. (AJX) has a higher volatility of 13.81% compared to VanEck Vectors Mortgage REIT Income ETF (MORT) at 6.92%. This indicates that AJX's price experiences larger fluctuations and is considered to be riskier than MORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.