MORT vs. RINC

Last updated Jun 4, 2026

MORT (VanEck Vectors Mortgage REIT Income ETF) and RINC (AXS Real Estate Income ETF) are both REIT funds - MORT tracks the MVIS Global Mortgage REITs Index while RINC tracks the Gapstow Real Estate Income Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. MORT charges 0.42%/yr vs 0.89%/yr for RINC.

Performance

MORT vs. RINC - Performance Comparison

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

Returns By Period

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%

RINC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MORT vs. RINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MORT VanEck Vectors Mortgage REIT Income ETF	-2.10%	12.17%	0.14%	6.06%
RINC AXS Real Estate Income ETF	0.00%	7.75%	-5.74%	1.71%

Correlation

The correlation between MORT and RINC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 29, 2023	0.81

Over the past year, the correlation between MORT and RINC has dropped to 0.46 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

MORT vs. RINC - Sectors Allocation Comparison

Sectors	MORT	RINC
Real Estate	96.7%	100.0%
Financial Services	3.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MORT vs. RINC — 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

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. RINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and AXS Real Estate Income ETF (RINC). 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	RINC	Difference
Sharpe ratio: Return per unit of total volatility	0.66	—	—
Sortino ratio: Return per unit of downside risk	1.00	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.76	—	—
Martin ratio: Return relative to average drawdown	2.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MORT	RINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	—	—

Drawdowns

Drawdown Indicators

	MORT	RINC	Difference
Max Drawdown Largest peak-to-trough decline	-70.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.13%	—	—
Current Drawdown Current decline from peak	-23.25%	—	—
Average Drawdown Average peak-to-trough decline	-15.31%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	—	—

Volatility

Volatility by Period

	MORT	RINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.70%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.85%	—	—

MORT vs. RINC - Expense Ratio Comparison

MORT has a 0.42% expense ratio, which is lower than RINC's 0.89% expense ratio.

Dividends

MORT vs. RINC - Dividend Comparison

MORT's dividend yield for the trailing twelve months is around 13.30%, more than RINC's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RINC AXS Real Estate Income ETF	2.16%	6.04%	10.85%	3.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MORT and RINC in my portfolio?

MORT and RINC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MORT or RINC?

On fees, MORT is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MORT or RINC?

MORT is cheaper with a 0.42% expense ratio, compared with 0.89% for RINC.

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

MORT has the higher dividend yield at 13.30%, compared with 2.16% for RINC.

What is the main difference between MORT and RINC?

MORT tracks MVIS Global Mortgage REITs Index, while RINC tracks Gapstow Real Estate Income Index. They also come from different issuers: VanEck and AXS. Their fees differ too: 0.42% for MORT and 0.89% for RINC.