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MORT vs. KBWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MORT vs. KBWY

Last updated Jun 4, 2026

MORT (VanEck Vectors Mortgage REIT Income ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - MORT tracks the MVIS Global Mortgage REITs Index while KBWY tracks the KBW Premium Yield Equity REIT Index. Both are passively managed. Over the past 10 years, MORT returned 2.27%/yr vs 1.18%/yr for KBWY. A 0.66 correlation means they provide meaningful diversification when combined. MORT charges 0.42%/yr vs 0.35%/yr for KBWY.

Performance

MORT vs. KBWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Mortgage REIT Income ETF (MORT) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MORT achieves a -2.10% return, which is significantly lower than KBWY's 17.06% return. Over the past 10 years, MORT has outperformed KBWY with an annualized return of 2.27%, while KBWY has yielded a comparatively lower 1.18% 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%

KBWY

1D
-0.81%
1M
5.63%
YTD
17.06%
6M
17.05%
1Y
22.51%
3Y*
9.10%
5Y*
2.15%
10Y*
1.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MORT vs. KBWY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
KBWY
Invesco KBW Premium Yield Equity REIT ETF		17.06%-5.30%-3.49%12.88%-19.00%31.22%-25.83%23.36%-18.20%0.81%

Correlation

The correlation between MORT and KBWY is 0.65, 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

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2011

0.66

The correlation between MORT and KBWY has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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VanEck Vectors Mortgage REIT Income ETF

Invesco KBW Premium Yield Equity REIT ETF

Often compared with MORT:
MORT vs. REMMORT vs. BIZDMORT vs. MVRLMORT vs. UNITMORT vs. AMZYMORT vs. HNDLMORT vs. XLRE
Often compared with KBWY:
KBWY vs. SPYDKBWY vs. VNQKBWY vs. OKBWY vs. SRETKBWY vs. JEPIKBWY vs. SCHHKBWY vs. VOO

Return for Risk

MORT vs. KBWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MORT
MORT Risk / Return Rank: 1919
Overall Rank
MORT Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
MORT Sortino Ratio Rank: 1919
Sortino Ratio Rank
MORT Omega Ratio Rank: 1919
Omega Ratio Rank
MORT Calmar Ratio Rank: 1818
Calmar Ratio Rank
MORT Martin Ratio Rank: 1919
Martin Ratio Rank
KBWY
KBWY Risk / Return Rank: 3939
Overall Rank
KBWY Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
KBWY Sortino Ratio Rank: 3838
Sortino Ratio Rank
KBWY Omega Ratio Rank: 3434
Omega Ratio Rank
KBWY Calmar Ratio Rank: 4949
Calmar Ratio Rank
KBWY Martin Ratio Rank: 3737
Martin Ratio Rank
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. KBWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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.

MORTKBWYDifference
Sharpe ratioReturn per unit of total volatility
0.66
1.38

-0.72

Sortino ratioReturn per unit of downside risk
1.00
2.00

-1.00

Omega ratioGain probability vs. loss probability

1.12

1.23

-0.11

Calmar ratioReturn relative to maximum drawdown

0.76

2.45

-1.69

Martin ratioReturn relative to average drawdown

2.12

5.82

-3.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MORT vs. KBWY - Sharpe Ratio Comparison

The current MORT Sharpe Ratio is 0.66, which is lower than the KBWY Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of MORT and KBWY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MORTKBWYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.66

1.38

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.10

0.10

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.08

0.04

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.20

-0.04

Drawdowns

MORT vs. KBWY - Drawdown Comparison

The maximum MORT drawdown since its inception was -70.13%, which is greater than KBWY's maximum drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for MORT and KBWY.

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Drawdown Indicators

MORTKBWYDifference

Max Drawdown

Largest peak-to-trough decline

-70.13%

-57.68%

-12.45%

Max Drawdown (1Y)

Largest decline over 1 year

-14.27%

-9.24%

-5.03%

Max Drawdown (3Y)

Largest decline over 3 years

-21.98%

-29.93%

+7.95%

Max Drawdown (5Y)

Largest decline over 5 years

-42.73%

-32.29%

-10.44%

Max Drawdown (10Y)

Largest decline over 10 years

-70.13%

-57.68%

-12.45%

Current Drawdown

Current decline from peak

-23.25%

-10.82%

-12.43%

Average Drawdown

Average peak-to-trough decline

-15.31%

-14.18%

-1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.11%

3.88%

+1.23%

Volatility

MORT vs. KBWY - Volatility Comparison

The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 3.67%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.73%. This indicates that MORT experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MORTKBWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.67%

4.73%

-1.06%

Volatility (6M)

Calculated over the trailing 6-month period

12.80%

11.61%

+1.19%

Volatility (1Y)

Calculated over the trailing 1-year period

16.59%

16.44%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.70%

21.61%

+2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.85%

27.05%

+1.80%

MORT vs. KBWY - Expense Ratio Comparison

MORT has a 0.42% expense ratio, which is higher than KBWY's 0.35% expense ratio.

Dividends

MORT vs. KBWY - Dividend Comparison

MORT's dividend yield for the trailing twelve months is around 13.30%, more than KBWY's 8.64% yield.

PositionTTM20252024202320222021202020192018201720162015
KBWY
Invesco KBW Premium Yield Equity REIT ETF		8.64%9.79%8.74%7.90%7.41%5.05%10.35%6.19%8.64%7.25%6.55%5.72%
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

MORT and KBWY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KBWY has higher volatility (4.73%) compared to MORT (3.67%). In terms of maximum drawdown, MORT dropped -70.13% vs KBWY's -57.68%.

On 10-year performance, MORT leads with 2.27% vs 1.18% for KBWY. On fees, KBWY is cheaper at 0.35% per year. On volatility, MORT has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MORT has performed better with a 2.27% return vs 1.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KBWY is cheaper with a 0.35% expense ratio, compared with 0.42% for MORT.

MORT has the higher dividend yield at 13.30%, compared with 8.64% for KBWY.

MORT tracks MVIS Global Mortgage REITs Index, while KBWY tracks KBW Premium Yield Equity REIT Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.42% for MORT and 0.35% for KBWY.

KBWY currently has the higher Sharpe Ratio (1.38 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.

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