MTGP vs. EPI
MTGP (WisdomTree Mortgage Plus Bond Fund) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - MTGP is a Mortgage Backed Securities fund actively managed by WisdomTree, while EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index. MTGP is actively managed, while EPI is passively managed. Over the past 5 years, MTGP returned 0.47%/yr vs 6.51%/yr for EPI. At a 0.04 correlation, their price movements are largely independent. MTGP charges 0.45%/yr vs 0.84%/yr for EPI.
Performance
MTGP vs. EPI - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a 1.09% return, which is significantly higher than EPI's -6.85% return.
MTGP
- 1D
- 0.37%
- 1M
- 1.23%
- YTD
- 1.09%
- 6M
- 0.94%
- 1Y
- 5.21%
- 3Y*
- 4.55%
- 5Y*
- 0.47%
- 10Y*
- —
EPI
- 1D
- 1.08%
- 1M
- 1.77%
- YTD
- -6.85%
- 6M
- -6.18%
- 1Y
- -7.47%
- 3Y*
- 8.38%
- 5Y*
- 6.51%
- 10Y*
- 9.80%
MTGP vs. EPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 1.09% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 4.91% | 0.08% |
EPI WisdomTree India Earnings Fund | -6.85% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 3.53% |
Correlation
The correlation between MTGP and EPI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2019 | 0.04 |
Over the past year, MTGP and EPI have become more correlated (0.25) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
MTGP vs. EPI — Risk / Return Rank
MTGP
EPI
MTGP vs. EPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and WisdomTree India Earnings Fund (EPI). 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 | EPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.93 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.44 | +2.52 |
| Martin ratioReturn relative to average drawdown | 5.29 | -1.02 | +6.30 |
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Drawdowns
MTGP vs. EPI - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for MTGP and EPI.
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Drawdown Indicators
| MTGP | EPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -66.21% | +49.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -16.88% | +14.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -21.89% | +15.43% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -21.89% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.29% | — |
Current DrawdownCurrent decline from peak | -0.67% | -14.93% | +14.26% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -18.64% | +13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 7.35% | -6.36% |
Volatility
MTGP vs. EPI - Volatility Comparison
The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.02%, while WisdomTree India Earnings Fund (EPI) has a volatility of 4.57%. This indicates that MTGP experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTGP | EPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 4.57% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 13.09% | -9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 15.24% | -10.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 16.26% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 20.30% | -15.06% |
MTGP vs. EPI - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is lower than EPI's 0.84% expense ratio.
Dividends
MTGP vs. EPI - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.29%, while EPI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.29% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTGP and EPI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPI has higher volatility (4.57%) compared to MTGP (1.02%). In terms of maximum drawdown, MTGP dropped -16.63% vs EPI's -66.21%.
On 5-year performance, EPI leads with 6.51% vs 0.47% for MTGP. On fees, MTGP is cheaper at 0.45% per year. On volatility, MTGP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EPI has performed better with a 6.51% return vs 0.47%. 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 0.84% for EPI.
MTGP has the higher dividend yield at 4.29%, compared with 0.00% for EPI.
MTGP is categorized as Mortgage Backed Securities, while EPI is Emerging Markets Equities. Their fees differ too: 0.45% for MTGP and 0.84% for EPI.
MTGP currently has the higher Sharpe Ratio (1.11 vs -0.49), 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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