MTGP vs. MBSX

Last updated Aug 2, 2026

MTGP (WisdomTree Mortgage Plus Bond Fund) and MBSX (Regan Fixed Rate MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, MTGP returned 3.04% vs 8.25% for MBSX. Their -0.00 correlation means they have often moved in opposite directions in the past. MTGP charges 0.45%/yr vs 0.40%/yr for MBSX.

Performance

MTGP vs. MBSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Mortgage Plus Bond Fund (MTGP) and Regan Fixed Rate MBS ETF (MBSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTGP achieves a -0.08% return, which is significantly lower than MBSX's 4.51% 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%

MBSX

• 1D: 0.63%
• 1M: -0.02%
• 6M: 3.66%
• YTD: 4.51%
• 1Y: 8.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MBSX Regan Fixed Rate MBS ETF	$151.94K	$112.61K	$105.72K
MTGP WisdomTree Mortgage Plus Bond Fund	$422.32K	$672.43K	$425.74K

MTGP vs. MBSX - Yearly Performance Comparison

	2026 (YTD)	2025
MTGP WisdomTree Mortgage Plus Bond Fund	-0.08%	4.32%
MBSX Regan Fixed Rate MBS ETF	4.51%	8.47%

Correlation

The correlation between MTGP and MBSX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.03
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.00

Return for Risk

MTGP vs. MBSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MTGP

MTGP Risk / Return Rank: 38
MTGP Sharpe Ratio Rank: 37
MTGP Sortino Ratio Rank: 36
MTGP Omega Ratio Rank: 35
MTGP Calmar Ratio Rank: 44
MTGP Martin Ratio Rank: 38

MBSX

MBSX Risk / Return Rank: 18
MBSX Sharpe Ratio Rank: 15
MBSX Sortino Ratio Rank: 19
MBSX Omega Ratio Rank: 24
MBSX Calmar Ratio Rank: 17
MBSX Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MTGP vs. MBSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and Regan Fixed Rate MBS ETF (MBSX). 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	MBSX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	0.17	+0.76
Sortino ratio: Return per unit of downside risk	1.34	0.63	+0.71
Omega ratio: Gain probability vs. loss probability	1.16	1.11	+0.05
Calmar ratio: Return relative to maximum drawdown	1.57	0.33	+1.24
Martin ratio: Return relative to average drawdown	4.02	0.83	+3.20

MTGP vs. MBSX - Sharpe Ratio Comparison

The current MTGP Sharpe Ratio is 0.93, which is higher than the MBSX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of MTGP and MBSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MTGP vs. MBSX - Drawdown Comparison

The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum MBSX drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for MTGP and MBSX.

Drawdown Indicators

	MTGP	MBSX	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-27.57%	+10.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-27.57%	+25.04%
Max Drawdown (3Y) Largest decline over 3 years	-5.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.63%	—	—
Current Drawdown Current decline from peak	-1.81%	-21.83%	+20.02%
Average Drawdown Average peak-to-trough decline	-5.01%	-8.13%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	11.00%	-10.02%

Volatility

MTGP vs. MBSX - Volatility Comparison

The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.38%, while Regan Fixed Rate MBS ETF (MBSX) has a volatility of 11.03%. This indicates that MTGP experiences smaller price fluctuations and is considered to be less risky than MBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTGP	MBSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	11.03%	-9.65%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	53.05%	-49.88%
Volatility (1Y) Calculated over the trailing 1-year period	4.29%	55.27%	-50.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	53.31%	-47.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	53.31%	-48.08%

MTGP vs. MBSX - Expense Ratio Comparison

MTGP has a 0.45% expense ratio, which is higher than MBSX's 0.40% expense ratio.

Dividends

MTGP vs. MBSX - Dividend Comparison

MTGP's dividend yield for the trailing twelve months is around 4.42%, more than MBSX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MBSX Regan Fixed Rate MBS ETF	3.59%	2.77%	0.00%	0.00%	0.00%	0.00%	0.00%
MTGP WisdomTree Mortgage Plus Bond Fund	4.42%	4.19%	4.05%	3.02%	2.47%	1.64%	2.61%

Frequently Asked Questions

Can I hold both MTGP and MBSX in my portfolio?

MTGP and MBSX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTGP or MBSX?

MBSX has higher volatility (11.03%) compared to MTGP (1.38%). In terms of maximum drawdown, MTGP dropped -16.63% vs MBSX's -27.57%.

Which ETF is better, MTGP or MBSX?

On 1-year performance, MBSX leads with 8.25% vs 3.04% for MTGP. On fees, MBSX is cheaper at 0.40% per year. On volatility, MTGP has been the lower-risk option at 1.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MTGP or MBSX?

Over the 1-year period, MBSX has performed better with a 8.25% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MTGP or MBSX?

MBSX is cheaper with a 0.40% expense ratio, compared with 0.45% for MTGP.

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

MTGP has the higher dividend yield at 4.42%, compared with 3.59% for MBSX.

What is the main difference between MTGP and MBSX?

They also come from different issuers: WisdomTree and Regan. Their fees differ too: 0.45% for MTGP and 0.40% for MBSX.

Which has better risk-adjusted returns?

MTGP currently has the higher Sharpe Ratio (0.93 vs 0.17), 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.