MTGP vs. MBSD
MTGP (WisdomTree Mortgage Plus Bond Fund) and MBSD (FlexShares Disciplined Duration MBS Index Fund) are both Mortgage Backed Securities funds. MTGP is actively managed, while MBSD is passively managed. Over the past 5 years, MTGP returned 0.35%/yr vs 0.71%/yr for MBSD. A 0.70 correlation means they provide meaningful diversification when combined. MTGP charges 0.45%/yr vs 0.20%/yr for MBSD.
Performance
MTGP vs. MBSD - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a 0.56% return, which is significantly higher than MBSD's 0.51% return.
MTGP
- 1D
- -0.18%
- 1M
- 0.70%
- YTD
- 0.56%
- 6M
- 0.55%
- 1Y
- 5.31%
- 3Y*
- 4.37%
- 5Y*
- 0.35%
- 10Y*
- —
MBSD
- 1D
- -0.21%
- 1M
- 0.36%
- YTD
- 0.51%
- 6M
- 0.48%
- 1Y
- 4.60%
- 3Y*
- 4.23%
- 5Y*
- 0.71%
- 10Y*
- 1.37%
MTGP vs. MBSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 0.56% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 4.91% | 0.08% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.51% | 7.12% | 2.30% | 4.46% | -9.49% | -1.40% | 5.43% | 0.32% |
Correlation
The correlation between MTGP and MBSD is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2019 | 0.70 |
The correlation between MTGP and MBSD shifts across timeframes, from 0.70 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MTGP vs. MBSD — Risk / Return Rank
MTGP
MBSD
MTGP vs. MBSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and FlexShares Disciplined Duration MBS Index Fund (MBSD). 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 | MBSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.12 | -0.01 |
| Martin ratioReturn relative to average drawdown | 5.40 | 6.39 | -0.99 |
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Drawdowns
MTGP vs. MBSD - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, which is greater than MBSD's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for MTGP and MBSD.
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Drawdown Indicators
| MTGP | MBSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -14.36% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -2.17% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -4.68% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -14.10% | -2.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.36% | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.11% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -2.81% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.72% | +0.27% |
Volatility
MTGP vs. MBSD - Volatility Comparison
WisdomTree Mortgage Plus Bond Fund (MTGP) and FlexShares Disciplined Duration MBS Index Fund (MBSD) have volatilities of 0.96% and 0.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTGP | MBSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.97% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.53% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 3.50% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 5.16% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 4.27% | +0.97% |
MTGP vs. MBSD - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is higher than MBSD's 0.20% expense ratio.
Dividends
MTGP vs. MBSD - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.31%, more than MBSD's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.19% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.31% | 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 MBSD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBSD has higher volatility (0.97%) compared to MTGP (0.96%). In terms of maximum drawdown, MTGP dropped -16.63% vs MBSD's -14.36%.
On 5-year performance, MBSD leads with 0.71% vs 0.35% for MTGP. On fees, MBSD is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MBSD has performed better with a 0.71% return vs 0.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.45% for MTGP.
MTGP has the higher dividend yield at 4.31%, compared with 4.19% for MBSD.
They also come from different issuers: WisdomTree and Northern Trust. Their fees differ too: 0.45% for MTGP and 0.20% for MBSD.
MBSD currently has the higher Sharpe Ratio (1.32 vs 1.13), 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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