MORT vs. REM
Compare and contrast key facts about VanEck Vectors Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM).
MORT and REM 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. REM is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Mortgage Capped Index. It was launched on May 4, 2007. Both MORT and REM 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 REM.
Key characteristics
| MORT | REM | |
|---|---|---|
| YTD Return | -6.99% | -6.98% |
| 1Y Return | 10.92% | 10.85% |
| 3Y Return (Ann) | -8.58% | -8.73% |
| 5Y Return (Ann) | -5.35% | -4.82% |
| 10Y Return (Ann) | 1.09% | 1.36% |
| Sharpe Ratio | 0.34 | 0.33 |
| Daily Std Dev | 24.92% | 24.59% |
| Max Drawdown | -70.13% | -74.72% |
| Current Drawdown | -35.09% | -35.48% |
Correlation
The correlation between MORT and REM is 0.97, 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. REM - Performance Comparison
The year-to-date returns for both investments are quite close, with MORT having a -6.99% return and REM slightly higher at -6.98%. Over the past 10 years, MORT has underperformed REM with an annualized return of 1.09%, while REM has yielded a comparatively higher 1.36% 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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MORT vs. REM - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is lower than REM's 0.48% expense ratio.
Risk-Adjusted Performance
MORT vs. REM - Risk-Adjusted Performance 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.
Dividends
MORT vs. REM - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 11.85%, more than REM's 10.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 11.85% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.01% | 15.30% |
REM iShares Mortgage Real Estate ETF | 10.08% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% | 14.53% | 16.12% |
Drawdowns
MORT vs. REM - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, smaller than the maximum REM drawdown of -74.72%. Use the drawdown chart below to compare losses from any high point for MORT and REM. For additional features, visit the drawdowns tool.
Volatility
MORT vs. REM - Volatility Comparison
VanEck Vectors Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM) have volatilities of 6.82% and 6.93%, 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.