GQRE vs. MORT
Compare and contrast key facts about FlexShares Global Quality Real Estate Index Fund (GQRE) and VanEck Vectors Mortgage REIT Income ETF (MORT).
GQRE and MORT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GQRE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Global Quality Real Estate (NR). It was launched on Nov 6, 2013. 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. Both GQRE and MORT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQRE or MORT.
Key characteristics
| GQRE | MORT | |
|---|---|---|
| YTD Return | 9.66% | 1.35% |
| 1Y Return | 26.87% | 17.17% |
| 3Y Return (Ann) | -2.92% | -7.10% |
| 5Y Return (Ann) | 1.27% | -4.30% |
| 10Y Return (Ann) | 3.71% | 1.34% |
| Sharpe Ratio | 1.73 | 0.81 |
| Sortino Ratio | 2.57 | 1.21 |
| Omega Ratio | 1.31 | 1.15 |
| Calmar Ratio | 0.83 | 0.43 |
| Martin Ratio | 9.07 | 2.94 |
| Ulcer Index | 2.86% | 5.76% |
| Daily Std Dev | 14.99% | 20.91% |
| Max Drawdown | -41.87% | -70.13% |
| Current Drawdown | -12.84% | -29.27% |
Correlation
The correlation between GQRE and MORT is 0.60, 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
GQRE vs. MORT - Performance Comparison
In the year-to-date period, GQRE achieves a 9.66% return, which is significantly higher than MORT's 1.35% return. Over the past 10 years, GQRE has outperformed MORT with an annualized return of 3.71%, while MORT has yielded a comparatively lower 1.34% annualized 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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GQRE vs. MORT - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is higher than MORT's 0.42% expense ratio.
Risk-Adjusted Performance
GQRE vs. MORT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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
GQRE vs. MORT - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 2.34%, less than MORT's 10.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 2.34% | 2.90% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% | 2.57% | 0.39% |
MORT VanEck Vectors Mortgage REIT Income ETF | 10.87% | 12.18% | 13.10% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.08% | 15.30% |
Drawdowns
GQRE vs. MORT - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, smaller than the maximum MORT drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for GQRE and MORT. For additional features, visit the drawdowns tool.
Volatility
GQRE vs. MORT - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 4.20%, while VanEck Vectors Mortgage REIT Income ETF (MORT) has a volatility of 4.85%. This indicates that GQRE experiences smaller price fluctuations and is considered to be less risky than MORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.