MORT vs. VGLT
Compare and contrast key facts about VanEck Vectors Mortgage REIT Income ETF (MORT) and Vanguard Long-Term Treasury ETF (VGLT).
MORT and VGLT 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. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009. Both MORT and VGLT 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 VGLT.
Key characteristics
| MORT | VGLT | |
|---|---|---|
| YTD Return | -6.99% | -8.84% |
| 1Y Return | 10.92% | -10.03% |
| 3Y Return (Ann) | -8.58% | -10.66% |
| 5Y Return (Ann) | -5.35% | -3.67% |
| 10Y Return (Ann) | 1.09% | 0.24% |
| Sharpe Ratio | 0.34 | -0.65 |
| Daily Std Dev | 24.92% | 15.40% |
| Max Drawdown | -70.13% | -46.18% |
| Current Drawdown | -35.09% | -41.43% |
Correlation
The correlation between MORT and VGLT is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MORT vs. VGLT - Performance Comparison
In the year-to-date period, MORT achieves a -6.99% return, which is significantly higher than VGLT's -8.84% return. Over the past 10 years, MORT has outperformed VGLT with an annualized return of 1.09%, while VGLT has yielded a comparatively lower 0.24% 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. VGLT - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is higher than VGLT's 0.04% expense ratio.
Risk-Adjusted Performance
MORT vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 11.85%, more than VGLT's 3.89% 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% |
VGLT Vanguard Long-Term Treasury ETF | 3.89% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
MORT vs. VGLT - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, which is greater than VGLT's maximum drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for MORT and VGLT. For additional features, visit the drawdowns tool.
Volatility
MORT vs. VGLT - Volatility Comparison
VanEck Vectors Mortgage REIT Income ETF (MORT) has a higher volatility of 6.71% compared to Vanguard Long-Term Treasury ETF (VGLT) at 3.69%. This indicates that MORT's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.