MORT vs. VGLT
MORT (VanEck Vectors Mortgage REIT Income ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both exchange-traded funds - MORT is a REIT fund tracking the MVIS Global Mortgage REITs Index, while VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 10 years, MORT returned 2.27%/yr vs -1.10%/yr for VGLT. At a 0.03 correlation, their price movements are largely independent. MORT charges 0.42%/yr vs 0.03%/yr for VGLT.
Performance
MORT vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, MORT achieves a -2.10% return, which is significantly lower than VGLT's -0.41% return. Over the past 10 years, MORT has outperformed VGLT with an annualized return of 2.27%, while VGLT has yielded a comparatively lower -1.10% annualized return.
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%
VGLT
- 1D
- -0.40%
- 1M
- 0.71%
- YTD
- -0.41%
- 6M
- -1.68%
- 1Y
- 5.25%
- 3Y*
- -0.72%
- 5Y*
- -5.30%
- 10Y*
- -1.10%
MORT vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | -2.10% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
VGLT Vanguard Long-Term Treasury ETF | -0.41% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between MORT and VGLT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2011 | 0.03 |
Over the past year, MORT and VGLT have become more correlated (0.36) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
MORT vs. VGLT — Risk / Return Rank
MORT
VGLT
MORT vs. VGLT - Risk-Adjusted Trends 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.
| MORT | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.75 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.12 | 1.96 | +0.15 |
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 | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.59 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.37 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | -0.08 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.19 | -0.03 |
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.
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Drawdown Indicators
| MORT | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -46.18% | -23.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -7.01% | -7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -17.68% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -42.73% | -40.98% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | -46.18% | -23.95% |
Current DrawdownCurrent decline from peak | -23.25% | -36.83% | +13.58% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -15.06% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.68% | +2.43% |
Volatility
MORT vs. VGLT - Volatility Comparison
VanEck Vectors Mortgage REIT Income ETF (MORT) has a higher volatility of 3.67% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.59%. 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.
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Volatility by Period
| MORT | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.59% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 5.94% | +6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 8.88% | +7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 14.58% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.85% | 13.81% | +15.04% |
MORT vs. VGLT - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is higher than VGLT's 0.03% expense ratio.
Dividends
MORT vs. VGLT - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 13.30%, more than VGLT's 4.61% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.61% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
MORT and VGLT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORT has higher volatility (3.67%) compared to VGLT (2.59%). In terms of maximum drawdown, MORT dropped -70.13% vs VGLT's -46.18%.
On 10-year performance, MORT leads with 2.27% vs -1.10% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MORT has performed better with a 2.27% return vs -1.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.42% for MORT.
MORT has the higher dividend yield at 13.30%, compared with 4.61% for VGLT.
MORT is categorized as REIT, while VGLT is Government Bonds. MORT tracks MVIS Global Mortgage REITs Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.42% for MORT and 0.03% for VGLT.
MORT currently has the higher Sharpe Ratio (0.66 vs 0.59), 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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