MORT vs. RWR
MORT (VanEck Vectors Mortgage REIT Income ETF) and RWR (SPDR Dow Jones REIT ETF) are both REIT funds - MORT tracks the MVIS Global Mortgage REITs Index while RWR tracks the Dow Jones U.S. Select REIT Index. Both are passively managed. Over the past 10 years, MORT returned 2.52%/yr vs 5.51%/yr for RWR. A 0.60 correlation means they provide meaningful diversification when combined. MORT charges 0.42%/yr vs 0.25%/yr for RWR.
Performance
MORT vs. RWR - Performance Comparison
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Returns By Period
In the year-to-date period, MORT achieves a -0.42% return, which is significantly lower than RWR's 16.14% return. Over the past 10 years, MORT has underperformed RWR with an annualized return of 2.52%, while RWR has yielded a comparatively higher 5.51% annualized return.
MORT
- 1D
- 1.00%
- 1M
- 0.90%
- YTD
- -0.42%
- 6M
- -0.37%
- 1Y
- 10.51%
- 3Y*
- 8.23%
- 5Y*
- -2.38%
- 10Y*
- 2.52%
RWR
- 1D
- 1.31%
- 1M
- 1.96%
- YTD
- 16.14%
- 6M
- 16.59%
- 1Y
- 19.02%
- 3Y*
- 13.63%
- 5Y*
- 4.96%
- 10Y*
- 5.51%
MORT vs. RWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | -0.42% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
RWR SPDR Dow Jones REIT ETF | 16.14% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -4.47% | 3.47% |
Correlation
The correlation between MORT and RWR is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.60 |
The correlation between MORT and RWR has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
MORT vs. RWR — Risk / Return Rank
MORT
RWR
MORT vs. RWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and SPDR Dow Jones REIT ETF (RWR). 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 | RWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.38 | -1.64 |
| Martin ratioReturn relative to average drawdown | 1.92 | 8.03 | -6.11 |
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Drawdowns
MORT vs. RWR - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, smaller than the maximum RWR drawdown of -74.92%. Use the drawdown chart below to compare losses from any high point for MORT and RWR.
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Drawdown Indicators
| MORT | RWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -74.92% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -8.04% | -6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -18.85% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -42.48% | -32.58% | -9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | -44.39% | -25.74% |
Current DrawdownCurrent decline from peak | -21.94% | -0.46% | -21.48% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -13.08% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 2.38% | +3.10% |
Volatility
MORT vs. RWR - Volatility Comparison
The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 4.83%, while SPDR Dow Jones REIT ETF (RWR) has a volatility of 5.42%. This indicates that MORT experiences smaller price fluctuations and is considered to be less risky than RWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MORT | RWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 5.42% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 10.37% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 14.05% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 19.05% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 21.55% | +7.33% |
MORT vs. RWR - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is higher than RWR's 0.25% expense ratio.
Dividends
MORT vs. RWR - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 13.07%, more than RWR's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 13.07% | 12.76% | 11.55% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% |
RWR SPDR Dow Jones REIT ETF | 3.36% | 3.78% | 3.76% | 3.75% | 3.81% | 2.79% | 3.73% | 3.36% | 4.19% | 3.05% | 4.39% | 3.17% |
Frequently Asked Questions
MORT and RWR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWR has higher volatility (5.42%) compared to MORT (4.83%). In terms of maximum drawdown, MORT dropped -70.13% vs RWR's -74.92%.
On 10-year performance, RWR leads with 5.51% vs 2.52% for MORT. On fees, RWR is cheaper at 0.25% per year. On volatility, MORT has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RWR has performed better with a 5.51% return vs 2.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RWR is cheaper with a 0.25% expense ratio, compared with 0.42% for MORT.
MORT has the higher dividend yield at 13.07%, compared with 3.36% for RWR.
MORT tracks MVIS Global Mortgage REITs Index, while RWR tracks Dow Jones U.S. Select REIT Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.42% for MORT and 0.25% for RWR.
RWR currently has the higher Sharpe Ratio (1.37 vs 0.63), 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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