MORT vs. GQRE

Last updated Jun 4, 2026

MORT (VanEck Vectors Mortgage REIT Income ETF) and GQRE (FlexShares Global Quality Real Estate Index Fund) are both REIT funds - MORT tracks the MVIS Global Mortgage REITs Index while GQRE tracks the Northern Trust Global Quality Real Estate (NR). Both are passively managed. Over the past 10 years, MORT returned 2.27%/yr vs 3.78%/yr for GQRE. A 0.60 correlation means they provide meaningful diversification when combined. MORT charges 0.42%/yr vs 0.45%/yr for GQRE.

Performance

MORT vs. GQRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Mortgage REIT Income ETF (MORT) and FlexShares Global Quality Real Estate Index Fund (GQRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MORT achieves a -2.10% return, which is significantly lower than GQRE's 7.34% return. Over the past 10 years, MORT has underperformed GQRE with an annualized return of 2.27%, while GQRE has yielded a comparatively higher 3.78% annualized return.

MORT

• 1D: -1.29%
• 1M: -4.89%
• YTD: -2.10%
• 6M: -2.31%
• 1Y: 10.79%
• 3Y*: 8.07%
• 5Y*: -2.36%
• 10Y*: 2.27%

GQRE

• 1D: -0.36%
• 1M: -1.32%
• YTD: 7.34%
• 6M: 7.63%
• 1Y: 11.71%
• 3Y*: 10.30%
• 5Y*: 1.99%
• 10Y*: 3.78%

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

MORT vs. GQRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MORT VanEck Vectors Mortgage REIT Income ETF	-2.10%	12.17%	0.14%	14.74%	-26.92%	15.95%	-22.39%	21.26%	-4.45%	18.88%
GQRE FlexShares Global Quality Real Estate Index Fund	7.34%	8.27%	6.09%	9.21%	-27.22%	32.01%	-9.17%	21.84%	-8.88%	13.60%

Correlation

The correlation between MORT and GQRE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013	0.60

The correlation between MORT and GQRE has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

MORT vs. GQRE - Sectors Allocation Comparison

Sectors	MORT	GQRE
Real Estate	96.7%	87.9%
Financial Services	3.0%	2.0%
Basic Materials	-	0.0%
Communication Services	-	0.5%
Consumer Cyclical	-	1.0%
Consumer Defensive	-	0.5%
Energy	-	-
Healthcare	-	0.6%
Industrials	-	0.2%
Technology	-	0.8%
Utilities	-	0.5%

Return for Risk

MORT vs. GQRE — Risk / Return Rank

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

MORT

MORT Risk / Return Rank: 19
MORT Sharpe Ratio Rank: 19
MORT Sortino Ratio Rank: 19
MORT Omega Ratio Rank: 19
MORT Calmar Ratio Rank: 18
MORT Martin Ratio Rank: 19

GQRE

GQRE Risk / Return Rank: 27
GQRE Sharpe Ratio Rank: 28
GQRE Sortino Ratio Rank: 26
GQRE Omega Ratio Rank: 26
GQRE Calmar Ratio Rank: 25
GQRE Martin Ratio Rank: 30

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.

MORT vs. GQRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and FlexShares Global Quality Real Estate Index Fund (GQRE). 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.

	MORT	GQRE	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.01	-0.36
Sortino ratio: Return per unit of downside risk	1.00	1.43	-0.43
Omega ratio: Gain probability vs. loss probability	1.12	1.18	-0.06
Calmar ratio: Return relative to maximum drawdown	0.76	1.16	-0.40
Martin ratio: Return relative to average drawdown	2.12	4.42	-2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MORT vs. GQRE - Sharpe Ratio Comparison

The current MORT Sharpe Ratio is 0.66, which is lower than the GQRE Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of MORT and GQRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MORT	GQRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	1.01	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.12	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.21	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.30	-0.14

Drawdowns

MORT vs. GQRE - Drawdown Comparison

The maximum MORT drawdown since its inception was -70.13%, which is greater than GQRE's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for MORT and GQRE.

Drawdown Indicators

	MORT	GQRE	Difference
Max Drawdown Largest peak-to-trough decline	-70.13%	-41.87%	-28.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	-10.15%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-21.98%	-16.17%	-5.81%
Max Drawdown (5Y) Largest decline over 5 years	-42.73%	-35.08%	-7.65%
Max Drawdown (10Y) Largest decline over 10 years	-70.13%	-41.87%	-28.26%
Current Drawdown Current decline from peak	-23.25%	-3.43%	-19.82%
Average Drawdown Average peak-to-trough decline	-15.31%	-9.24%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	2.66%	+2.45%

Volatility

MORT vs. GQRE - Volatility Comparison

VanEck Vectors Mortgage REIT Income ETF (MORT) and FlexShares Global Quality Real Estate Index Fund (GQRE) have volatilities of 3.67% and 3.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MORT	GQRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.53%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	8.77%	+4.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	11.64%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.70%	16.45%	+7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.85%	17.66%	+11.19%

MORT vs. GQRE - Expense Ratio Comparison

MORT has a 0.42% expense ratio, which is lower than GQRE's 0.45% expense ratio.

Dividends

MORT vs. GQRE - Dividend Comparison

MORT's dividend yield for the trailing twelve months is around 13.30%, more than GQRE's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQRE FlexShares Global Quality Real Estate Index Fund	4.36%	4.75%	3.77%	2.91%	2.56%	2.36%	2.05%	4.29%	3.22%	1.97%	4.16%	2.32%
MORT VanEck Vectors Mortgage REIT Income ETF	13.30%	12.76%	11.55%	12.18%	13.09%	8.21%	8.11%	7.36%	8.19%	7.82%	8.21%	9.91%

Frequently Asked Questions

Can I hold both MORT and GQRE in my portfolio?

MORT and GQRE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MORT or GQRE?

MORT has higher volatility (3.67%) compared to GQRE (3.53%). In terms of maximum drawdown, MORT dropped -70.13% vs GQRE's -41.87%.

Which ETF is better, MORT or GQRE?

On 10-year performance, GQRE leads with 3.78% vs 2.27% for MORT. On fees, MORT is cheaper at 0.42% per year. On volatility, GQRE has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MORT or GQRE?

Over the 10-year period, GQRE has performed better with a 3.78% return vs 2.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MORT or GQRE?

MORT is cheaper with a 0.42% expense ratio, compared with 0.45% for GQRE.

Which ETF pays a higher dividend yield, MORT or GQRE?

MORT has the higher dividend yield at 13.30%, compared with 4.36% for GQRE.

What is the main difference between MORT and GQRE?

MORT tracks MVIS Global Mortgage REITs Index, while GQRE tracks Northern Trust Global Quality Real Estate (NR). They also come from different issuers: VanEck and Northern Trust. Their fees differ too: 0.42% for MORT and 0.45% for GQRE.

Which has better risk-adjusted returns?

GQRE currently has the higher Sharpe Ratio (1.01 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.