ALTY vs. MVRL
Compare and contrast key facts about Global X Alternative Income ETF (ALTY) and ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL).
ALTY and MVRL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTY is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend Alternatives Index. It was launched on Jul 14, 2015. MVRL is a passively managed fund by UBS that tracks the performance of the MVIS US Mortgage REITs Index (150%). It was launched on Jun 2, 2020. Both ALTY and MVRL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ALTY vs. MVRL - Performance Comparison
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ALTY vs. MVRL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 2.00% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | 9.13% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | -5.06% | 14.96% | -3.45% | 12.30% | -42.41% | 21.71% | 57.90% |
Returns By Period
In the year-to-date period, ALTY achieves a 2.00% return, which is significantly higher than MVRL's -5.06% return.
ALTY
- 1D
- 0.92%
- 1M
- -3.20%
- YTD
- 2.00%
- 6M
- 5.15%
- 1Y
- 10.74%
- 3Y*
- 10.06%
- 5Y*
- 6.33%
- 10Y*
- 6.25%
MVRL
- 1D
- 4.29%
- 1M
- -7.14%
- YTD
- -5.06%
- 6M
- 0.60%
- 1Y
- 1.89%
- 3Y*
- 8.71%
- 5Y*
- -7.27%
- 10Y*
- —
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ALTY vs. MVRL - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is lower than MVRL's 0.95% expense ratio.
Return for Risk
ALTY vs. MVRL — Risk / Return Rank
ALTY
MVRL
ALTY vs. MVRL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL). 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.
| ALTY | MVRL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.05 | +1.06 |
Sortino ratioReturn per unit of downside risk | 1.54 | 0.31 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.04 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.01 | +1.26 |
Martin ratioReturn relative to average drawdown | 6.72 | 0.02 | +6.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTY | MVRL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.05 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | -0.20 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.13 | +0.19 |
Correlation
The correlation between ALTY and MVRL is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ALTY vs. MVRL - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.51%, less than MVRL's 20.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.51% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 20.70% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALTY vs. MVRL - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, smaller than the maximum MVRL drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for ALTY and MVRL.
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Drawdown Indicators
| ALTY | MVRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -60.25% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -23.13% | +14.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -60.25% | +41.77% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -39.84% | +36.38% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -31.67% | +24.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 8.04% | -6.43% |
Volatility
ALTY vs. MVRL - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 2.90%, while ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a volatility of 12.49%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than MVRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTY | MVRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 12.49% | -9.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 19.97% | -15.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 35.65% | -25.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.77% | 36.54% | -25.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 37.94% | -21.31% |