MTGP vs. DEED
MTGP (WisdomTree Mortgage Plus Bond Fund) and DEED (First Trust TCW Securitized Plus ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past 5 years, MTGP returned 0.10%/yr vs -0.02%/yr for DEED. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MTGP charges 0.45%/yr vs 0.65%/yr for DEED.
Performance
MTGP vs. DEED - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a -0.08% return, which is significantly higher than DEED's -0.11% return.
MTGP
- 1D
- -0.36%
- 1M
- -0.90%
- 6M
- -0.62%
- YTD
- -0.08%
- 1Y
- 3.04%
- 3Y*
- 4.56%
- 5Y*
- 0.10%
- 10Y*
- —
- ALL TIME*
- 0.87%
DEED
- 1D
- -0.18%
- 1M
- -1.59%
- 6M
- -0.36%
- YTD
- -0.11%
- 1Y
- 3.81%
- 3Y*
- 5.38%
- 5Y*
- -0.02%
- 10Y*
- —
- ALL TIME*
- 1.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.24M | $2.09M | $938.56K | |
| $422.32K | $672.43K | $425.74K |
MTGP vs. DEED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | -0.08% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 3.64% |
DEED First Trust TCW Securitized Plus ETF | -0.11% | 8.91% | 3.19% | 6.43% | -16.03% | 1.62% | 4.61% |
Correlation
The correlation between MTGP and DEED is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.74 |
The correlation between MTGP and DEED has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
MTGP vs. DEED — Risk / Return Rank
MTGP
DEED
MTGP vs. DEED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and First Trust TCW Securitized Plus ETF (DEED). 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 | DEED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.46 | +0.11 |
| Martin ratioReturn relative to average drawdown | 4.02 | 3.62 | +0.41 |
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Drawdowns
MTGP vs. DEED - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum DEED drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for MTGP and DEED.
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Drawdown Indicators
| MTGP | DEED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -19.96% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -3.18% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -6.57% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -19.96% | +3.33% |
Current DrawdownCurrent decline from peak | -1.81% | -2.47% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.49% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.28% | -0.30% |
Volatility
MTGP vs. DEED - Volatility Comparison
WisdomTree Mortgage Plus Bond Fund (MTGP) has a higher volatility of 1.38% compared to First Trust TCW Securitized Plus ETF (DEED) at 1.19%. This indicates that MTGP's price experiences larger fluctuations and is considered to be riskier than DEED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTGP | DEED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.19% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 3.09% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 3.93% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 6.58% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 5.93% | -0.70% |
MTGP vs. DEED - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is lower than DEED's 0.65% expense ratio.
Dividends
MTGP vs. DEED - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.42%, less than DEED's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DEED First Trust TCW Securitized Plus ETF | 4.48% | 4.10% | 5.73% | 5.59% | 2.43% | 1.93% | 1.60% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.42% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% |
Frequently Asked Questions
MTGP and DEED have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTGP has higher volatility (1.38%) compared to DEED (1.19%). In terms of maximum drawdown, MTGP dropped -16.63% vs DEED's -19.96%.
On 5-year performance, MTGP leads with 0.10% vs -0.02% for DEED. On fees, MTGP is cheaper at 0.45% per year. On volatility, DEED has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MTGP has performed better with a 0.10% return vs -0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTGP is cheaper with a 0.45% expense ratio, compared with 0.65% for DEED.
DEED has the higher dividend yield at 4.48%, compared with 4.42% for MTGP.
They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.45% for MTGP and 0.65% for DEED.
DEED currently has the higher Sharpe Ratio (1.18 vs 0.93), 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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