MTGP vs. ASEC

Last updated Jul 12, 2026

MTGP (WisdomTree Mortgage Plus Bond Fund) and ASEC (American Century Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. MTGP charges 0.45%/yr vs 0.29%/yr for ASEC.

Performance

MTGP vs. ASEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Mortgage Plus Bond Fund (MTGP) and American Century Securitized Credit ETF (ASEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MTGP

• 1D: 0.03%
• 1M: -0.03%
• 6M: -0.13%
• YTD: 0.62%
• 1Y: 4.98%
• 3Y*: 4.83%
• 5Y*: 0.29%
• 10Y*: —

ASEC

• 1D: 0.08%
• 1M: 0.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MTGP vs. ASEC - Yearly Performance Comparison

	2026 (YTD)
MTGP WisdomTree Mortgage Plus Bond Fund	0.49%
ASEC American Century Securitized Credit ETF	-0.05%

Correlation

The correlation between MTGP and ASEC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.19

Return for Risk

MTGP vs. ASEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTGP

MTGP Risk / Return Rank: 38
MTGP Sharpe Ratio Rank: 36
MTGP Sortino Ratio Rank: 34
MTGP Omega Ratio Rank: 35
MTGP Calmar Ratio Rank: 46
MTGP Martin Ratio Rank: 40

ASEC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTGP vs. ASEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and American Century Securitized Credit ETF (ASEC). 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.

	MTGP	ASEC	Difference
Sharpe ratio: Return per unit of total volatility	1.05	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	4.98	—	—

Drawdowns

MTGP vs. ASEC - Drawdown Comparison

The maximum MTGP drawdown since its inception was -16.63%, which is greater than ASEC's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for MTGP and ASEC.

Drawdown Indicators

	MTGP	ASEC	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-0.46%	-16.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.63%	—	—
Current Drawdown Current decline from peak	-1.13%	-0.15%	-0.98%
Average Drawdown Average peak-to-trough decline	-5.05%	-0.19%	-4.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	MTGP	ASEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.43%	1.46%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	1.46%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	1.46%	+3.77%

MTGP vs. ASEC - Expense Ratio Comparison

MTGP has a 0.45% expense ratio, which is higher than ASEC's 0.29% expense ratio.

Dividends

MTGP vs. ASEC - Dividend Comparison

MTGP's dividend yield for the trailing twelve months is around 4.37%, more than ASEC's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASEC American Century Securitized Credit ETF	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MTGP WisdomTree Mortgage Plus Bond Fund	4.37%	4.19%	4.05%	3.02%	2.47%	1.64%	2.61%

Frequently Asked Questions

Can I hold both MTGP and ASEC in my portfolio?

MTGP and ASEC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MTGP or ASEC?

On fees, ASEC is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MTGP or ASEC?

ASEC is cheaper with a 0.29% expense ratio, compared with 0.45% for MTGP.

Which ETF pays a higher dividend yield, MTGP or ASEC?

MTGP has the higher dividend yield at 4.37%, compared with 0.45% for ASEC.

What is the main difference between MTGP and ASEC?

They also come from different issuers: WisdomTree and American Century. Their fees differ too: 0.45% for MTGP and 0.29% for ASEC.