MORT vs. REM
MORT (VanEck Vectors Mortgage REIT Income ETF) and REM (iShares Mortgage Real Estate ETF) are both REIT funds - MORT tracks the MVIS Global Mortgage REITs Index while REM tracks the FTSE NAREIT All Mortgage Capped Index. Both are passively managed. Over the past 10 years, MORT returned 2.42%/yr vs 2.77%/yr for REM. With a 0.97 correlation, they move nearly in lockstep. MORT charges 0.42%/yr vs 0.48%/yr for REM.
Performance
MORT vs. REM - Performance Comparison
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Returns By Period
In the year-to-date period, MORT achieves a -1.41% return, which is significantly lower than REM's -1.08% return. Over the past 10 years, MORT has underperformed REM with an annualized return of 2.42%, while REM has yielded a comparatively higher 2.77% annualized return.
MORT
- 1D
- -0.79%
- 1M
- -0.10%
- YTD
- -1.41%
- 6M
- -2.52%
- 1Y
- 9.84%
- 3Y*
- 7.87%
- 5Y*
- -2.32%
- 10Y*
- 2.42%
REM
- 1D
- -0.79%
- 1M
- 0.25%
- YTD
- -1.08%
- 6M
- -2.10%
- 1Y
- 10.93%
- 3Y*
- 7.74%
- 5Y*
- -2.41%
- 10Y*
- 2.77%
MORT vs. REM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | -1.41% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
REM iShares Mortgage Real Estate ETF | -1.08% | 13.30% | -1.00% | 14.43% | -27.56% | 16.14% | -19.99% | 21.34% | -3.09% | 18.43% |
Correlation
The correlation between MORT and REM is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.97 |
The correlation between MORT and REM has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
MORT vs. REM — Risk / Return Rank
MORT
REM
MORT vs. REM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM). 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.
| MORT | REM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.77 | -0.08 |
| Martin ratioReturn relative to average drawdown | 1.81 | 2.08 | -0.27 |
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Drawdowns
MORT vs. REM - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, smaller than the maximum REM drawdown of -74.73%. Use the drawdown chart below to compare losses from any high point for MORT and REM.
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Drawdown Indicators
| MORT | REM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -74.73% | +4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -14.25% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -21.91% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -42.48% | -43.31% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | -68.52% | -1.61% |
Current DrawdownCurrent decline from peak | -22.71% | -23.06% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -38.30% | +22.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 5.27% | +0.18% |
Volatility
MORT vs. REM - Volatility Comparison
VanEck Vectors Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM) have volatilities of 4.74% and 4.73%, 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.
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Volatility by Period
| MORT | REM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.73% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 13.37% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.84% | 17.02% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 23.57% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 28.30% | +0.58% |
MORT vs. REM - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is lower than REM's 0.48% expense ratio.
Dividends
MORT vs. REM - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 13.20%, more than REM's 9.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 13.20% | 12.76% | 11.55% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% |
REM iShares Mortgage Real Estate ETF | 9.11% | 8.70% | 9.61% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% |
Frequently Asked Questions
With a correlation of 0.99, MORT and REM 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.
MORT has higher volatility (4.74%) compared to REM (4.73%). In terms of maximum drawdown, MORT dropped -70.13% vs REM's -74.73%.
On 10-year performance, REM leads with 2.77% vs 2.42% for MORT. On fees, MORT is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, REM has performed better with a 2.77% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MORT is cheaper with a 0.42% expense ratio, compared with 0.48% for REM.
MORT has the higher dividend yield at 13.20%, compared with 9.11% for REM.
MORT tracks MVIS Global Mortgage REITs Index, while REM tracks FTSE NAREIT All Mortgage Capped Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.42% for MORT and 0.48% for REM.
REM currently has the higher Sharpe Ratio (0.65 vs 0.59), 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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