MORT vs. XLRE
MORT (VanEck Vectors Mortgage REIT Income ETF) and XLRE (Real Estate Select Sector SPDR Fund) are both REIT funds - MORT tracks the MVIS Global Mortgage REITs Index while XLRE tracks the Real Estate Select Sector Index. Both are passively managed. Over the past 10 years, MORT returned 2.42%/yr vs 6.77%/yr for XLRE. A 0.54 correlation means they provide meaningful diversification when combined. MORT charges 0.42%/yr vs 0.13%/yr for XLRE.
Performance
MORT vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, MORT achieves a -1.41% return, which is significantly lower than XLRE's 10.79% return. Over the past 10 years, MORT has underperformed XLRE with an annualized return of 2.42%, while XLRE has yielded a comparatively higher 6.77% annualized return.
MORT
- 1D
- -0.79%
- 1M
- -0.10%
- YTD
- -1.41%
- 6M
- -2.52%
- 1Y
- 9.84%
- 3Y*
- 7.87%
- 5Y*
- -2.32%
- 10Y*
- 2.42%
XLRE
- 1D
- 1.24%
- 1M
- -0.35%
- YTD
- 10.79%
- 6M
- 11.23%
- 1Y
- 9.85%
- 3Y*
- 10.79%
- 5Y*
- 3.14%
- 10Y*
- 6.77%
MORT vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | -1.41% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
XLRE Real Estate Select Sector SPDR Fund | 10.79% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between MORT and XLRE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.54 |
The correlation between MORT and XLRE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
MORT vs. XLRE — Risk / Return Rank
MORT
XLRE
MORT vs. XLRE - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MORT | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.19 | -0.49 |
| Martin ratioReturn relative to average drawdown | 1.81 | 3.25 | -1.44 |
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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.
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Drawdown Indicators
| MORT | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -38.83% | -31.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -8.33% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -16.74% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -42.48% | -34.12% | -8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | -38.83% | -31.30% |
Current DrawdownCurrent decline from peak | -22.71% | -2.10% | -20.61% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -9.57% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 3.04% | +2.41% |
Volatility
MORT vs. XLRE - Volatility Comparison
The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 4.74%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 5.16%. 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.
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Volatility by Period
| MORT | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 5.16% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 10.57% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.84% | 14.13% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 19.12% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 20.45% | +8.43% |
MORT vs. XLRE - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Dividends
MORT vs. XLRE - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 13.20%, more than XLRE's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | 13.20% | 12.76% | 11.55% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% |
XLRE Real Estate Select Sector SPDR Fund | 4.04% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
MORT and XLRE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRE has higher volatility (5.16%) compared to MORT (4.74%). In terms of maximum drawdown, MORT dropped -70.13% vs XLRE's -38.83%.
On 10-year performance, XLRE leads with 6.77% vs 2.42% for MORT. On fees, XLRE is cheaper at 0.13% per year. On volatility, MORT has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLRE has performed better with a 6.77% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRE is cheaper with a 0.13% expense ratio, compared with 0.42% for MORT.
MORT has the higher dividend yield at 13.20%, compared with 4.04% for XLRE.
MORT tracks MVIS Global Mortgage REITs Index, while XLRE tracks Real Estate Select Sector Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.42% for MORT and 0.13% for XLRE.
XLRE currently has the higher Sharpe Ratio (0.70 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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