DEED vs. IMTG

Last updated Jun 24, 2026

DEED (First Trust TCW Securitized Plus ETF) and IMTG (Invesco Agency MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. DEED charges 0.65%/yr vs 0.22%/yr for IMTG.

Performance

DEED vs. IMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Securitized Plus ETF (DEED) and Invesco Agency MBS ETF (IMTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DEED

• 1D: 0.07%
• 1M: 1.00%
• YTD: 0.84%
• 6M: 1.12%
• 1Y: 5.86%
• 3Y*: 4.95%
• 5Y*: 0.31%
• 10Y*: —

IMTG

• 1D: 0.11%
• 1M: 0.68%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DEED vs. IMTG - Yearly Performance Comparison

	2026 (YTD)
DEED First Trust TCW Securitized Plus ETF	-1.23%
IMTG Invesco Agency MBS ETF	-0.91%

Correlation

The correlation between DEED and IMTG is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.93

Return for Risk

DEED vs. IMTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEED

DEED Risk / Return Rank: 43
DEED Sharpe Ratio Rank: 47
DEED Sortino Ratio Rank: 49
DEED Omega Ratio Rank: 45
DEED Calmar Ratio Rank: 40
DEED Martin Ratio Rank: 35

IMTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DEED vs. IMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Securitized Plus ETF (DEED) and Invesco Agency MBS ETF (IMTG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DEED	IMTG	Difference
Sharpe ratio: Return per unit of total volatility	1.53	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	4.89	—	—

Drawdowns

DEED vs. IMTG - Drawdown Comparison

The maximum DEED drawdown since its inception was -19.96%, which is greater than IMTG's maximum drawdown of -2.85%. Use the drawdown chart below to compare losses from any high point for DEED and IMTG.

Drawdown Indicators

	DEED	IMTG	Difference
Max Drawdown Largest peak-to-trough decline	-19.96%	-2.85%	-17.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Current Drawdown Current decline from peak	-1.54%	-1.29%	-0.25%
Average Drawdown Average peak-to-trough decline	-6.57%	-1.40%	-5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	—	—

Volatility

Volatility by Period

	DEED	IMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	4.70%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	4.70%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.96%	4.70%	+1.26%

DEED vs. IMTG - Expense Ratio Comparison

DEED has a 0.65% expense ratio, which is higher than IMTG's 0.22% expense ratio.

Dividends

DEED vs. IMTG - Dividend Comparison

DEED's dividend yield for the trailing twelve months is around 4.26%, more than IMTG's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DEED First Trust TCW Securitized Plus ETF	4.26%	4.10%	5.73%	5.59%	2.43%	1.93%	1.60%
IMTG Invesco Agency MBS ETF	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEED and IMTG in my portfolio?

With a correlation of 0.93, DEED and IMTG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DEED or IMTG?

On fees, IMTG is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEED or IMTG?

IMTG is cheaper with a 0.22% expense ratio, compared with 0.65% for DEED.

Which ETF pays a higher dividend yield, DEED or IMTG?

DEED has the higher dividend yield at 4.26%, compared with 1.29% for IMTG.

What is the main difference between DEED and IMTG?

They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.65% for DEED and 0.22% for IMTG.