MORT vs. MVRL
Compare and contrast key facts about VanEck Vectors Mortgage REIT Income ETF (MORT) and ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL).
MORT and MVRL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 MORT 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MORT or MVRL.
Key characteristics
| MORT | MVRL | |
|---|---|---|
| YTD Return | -5.77% | -9.00% |
| 1Y Return | 16.26% | 18.48% |
| 3Y Return (Ann) | -8.17% | -17.26% |
| Sharpe Ratio | 0.50 | 0.33 |
| Daily Std Dev | 24.86% | 38.01% |
| Max Drawdown | -70.13% | -60.01% |
| Current Drawdown | -34.24% | -47.72% |
Correlation
The correlation between MORT and MVRL is 0.98, 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.
Performance
MORT vs. MVRL - Performance Comparison
In the year-to-date period, MORT achieves a -5.77% return, which is significantly higher than MVRL's -9.00% 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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MORT vs. MVRL - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is lower than MVRL's 0.95% expense ratio.
Risk-Adjusted Performance
MORT vs. MVRL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) 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.
Dividends
MORT vs. MVRL - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 11.70%, less than MVRL's 19.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 11.70% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.01% | 15.30% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 19.94% | 18.69% | 25.21% | 12.97% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MORT vs. MVRL - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, which is greater than MVRL's maximum drawdown of -60.01%. Use the drawdown chart below to compare losses from any high point for MORT and MVRL. For additional features, visit the drawdowns tool.
Volatility
MORT vs. MVRL - Volatility Comparison
The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 6.86%, while ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a volatility of 11.69%. This indicates that MORT 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.