MORT vs. XLRE
Compare and contrast key facts about VanEck Vectors Mortgage REIT Income ETF (MORT) and Real Estate Select Sector SPDR Fund (XLRE).
MORT and XLRE 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. XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015. Both MORT and XLRE 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 XLRE.
Performance
MORT vs. XLRE - Performance Comparison
Returns By Period
In the year-to-date period, MORT achieves a 1.80% return, which is significantly lower than XLRE's 10.85% return.
MORT
1.80%
-4.54%
2.91%
11.94%
-4.34%
1.41%
XLRE
10.85%
-3.08%
14.51%
24.77%
5.74%
N/A
Key characteristics
| MORT | XLRE | |
|---|---|---|
| Sharpe Ratio | 0.66 | 1.52 |
| Sortino Ratio | 0.99 | 2.13 |
| Omega Ratio | 1.13 | 1.27 |
| Calmar Ratio | 0.35 | 0.93 |
| Martin Ratio | 2.26 | 5.88 |
| Ulcer Index | 5.82% | 4.19% |
| Daily Std Dev | 20.09% | 16.27% |
| Max Drawdown | -70.13% | -38.83% |
| Current Drawdown | -28.95% | -8.13% |
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MORT vs. XLRE - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Correlation
The correlation between MORT and XLRE is 0.53, 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. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and Real Estate Select Sector SPDR Fund (XLRE). 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. XLRE - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 10.83%, more than XLRE's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 10.83% | 12.18% | 13.10% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% | 10.08% | 15.30% |
XLRE Real Estate Select Sector SPDR Fund | 3.19% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% | 0.00% | 0.00% |
Drawdowns
MORT vs. XLRE - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for MORT and XLRE. For additional features, visit the drawdowns tool.
Volatility
MORT vs. XLRE - Volatility Comparison
The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 4.57%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 5.64%. This indicates that MORT experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.