MORT vs. SPY
Compare and contrast key facts about VanEck Vectors Mortgage REIT Income ETF (MORT) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MORT or SPY.
Performance
MORT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MORT achieves a 1.25% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, MORT has underperformed SPY with an annualized return of 1.31%, while SPY has yielded a comparatively higher 13.04% annualized return.
MORT
1.25%
-4.97%
1.29%
12.56%
-4.34%
1.31%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| MORT | SPY | |
|---|---|---|
| Sharpe Ratio | 0.49 | 2.64 |
| Sortino Ratio | 0.78 | 3.53 |
| Omega Ratio | 1.10 | 1.49 |
| Calmar Ratio | 0.27 | 3.81 |
| Martin Ratio | 1.71 | 17.21 |
| Ulcer Index | 5.81% | 1.86% |
| Daily Std Dev | 20.21% | 12.15% |
| Max Drawdown | -70.13% | -55.19% |
| Current Drawdown | -29.34% | -2.17% |
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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.
Correlation
The correlation between MORT and SPY is 0.55, 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.
Risk-Adjusted Performance
MORT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and 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.
Dividends
MORT vs. SPY - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 10.88%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 10.88% | 12.18% | 13.10% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.08% | 15.30% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
MORT vs. SPY - Volatility Comparison
VanEck Vectors Mortgage REIT Income ETF (MORT) has a higher volatility of 4.55% compared to SPDR S&P 500 ETF (SPY) at 4.08%. 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.