MORT vs. SPY
Compare and contrast key facts about VanEck Vectors Mortgage REIT Income ETF (MORT) and State Street SPDR S&P 500 ETF (SPY).
MORT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both MORT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MORT vs. SPY - Performance Comparison
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MORT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | -2.38% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MORT achieves a -2.38% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, MORT has underperformed SPY with an annualized return of 3.04%, while SPY has yielded a comparatively higher 13.98% annualized return.
MORT
- 1D
- 2.70%
- 1M
- -4.47%
- YTD
- -2.38%
- 6M
- 1.74%
- 1Y
- 4.11%
- 3Y*
- 9.12%
- 5Y*
- -1.41%
- 10Y*
- 3.04%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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MORT vs. SPY - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MORT vs. SPY — Risk / Return Rank
MORT
SPY
MORT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 0.93 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.45 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.53 | -1.15 |
Martin ratioReturn relative to average drawdown | 1.03 | 7.30 | -6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MORT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.93 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.69 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.78 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.56 | -0.40 |
Correlation
The correlation between MORT and SPY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MORT vs. SPY - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 13.07%, more than SPY's 1.14% yield.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MORT vs. SPY - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MORT and SPY.
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Drawdown Indicators
| MORT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -55.19% | -14.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -12.05% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -42.73% | -24.50% | -18.23% |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | -33.72% | -36.41% |
Current DrawdownCurrent decline from peak | -23.47% | -6.24% | -17.23% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -9.09% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.52% | +2.83% |
Volatility
MORT vs. SPY - Volatility Comparison
VanEck Vectors Mortgage REIT Income ETF (MORT) has a higher volatility of 7.50% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that MORT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MORT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 5.31% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 9.47% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 19.05% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.72% | 17.06% | +6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.81% | 17.92% | +10.89% |