MTGP vs. NTSX
MTGP (WisdomTree Mortgage Plus Bond Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - MTGP is a Mortgage Backed Securities fund actively managed by WisdomTree, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, MTGP returned 0.33%/yr vs 9.87%/yr for NTSX. At a 0.19 correlation, their price movements are largely independent. MTGP charges 0.45%/yr vs 0.20%/yr for NTSX.
Performance
MTGP vs. NTSX - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a 0.37% return, which is significantly lower than NTSX's 9.50% return.
MTGP
- 1D
- 0.16%
- 1M
- 0.22%
- YTD
- 0.37%
- 6M
- 0.65%
- 1Y
- 5.62%
- 3Y*
- 4.36%
- 5Y*
- 0.33%
- 10Y*
- —
NTSX
- 1D
- 0.81%
- 1M
- 4.30%
- YTD
- 9.50%
- 6M
- 8.89%
- 1Y
- 25.65%
- 3Y*
- 19.75%
- 5Y*
- 9.87%
- 10Y*
- —
MTGP vs. NTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 0.37% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 4.91% | 0.05% |
NTSX WisdomTree U.S. Efficient Core Fund | 9.50% | 18.82% | 20.20% | 22.70% | -25.84% | 22.21% | 24.87% | 3.72% |
Correlation
The correlation between MTGP and NTSX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.19 |
Over the past year, MTGP and NTSX have become more correlated (0.45) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
MTGP vs. NTSX — Risk / Return Rank
MTGP
NTSX
MTGP vs. NTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.
| MTGP | NTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.81 | -0.58 |
| Martin ratioReturn relative to average drawdown | 5.93 | 12.44 | -6.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTGP | NTSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.09 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.58 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.72 | -0.54 |
Drawdowns
MTGP vs. NTSX - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for MTGP and NTSX.
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Drawdown Indicators
| MTGP | NTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -31.34% | +14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -9.16% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -16.82% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -31.34% | +14.71% |
Current DrawdownCurrent decline from peak | -1.37% | -0.25% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -6.79% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.07% | -1.12% |
Volatility
MTGP vs. NTSX - Volatility Comparison
The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.31%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 3.38%. This indicates that MTGP experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTGP | NTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 3.38% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 9.61% | -6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 12.32% | -7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 17.04% | -11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 18.27% | -13.02% |
MTGP vs. NTSX - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is higher than NTSX's 0.20% expense ratio.
Dividends
MTGP vs. NTSX - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.32%, more than NTSX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 4.32% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% | 0.00% | 0.00% |
NTSX WisdomTree U.S. Efficient Core Fund | 1.07% | 1.14% | 1.14% | 1.21% | 1.36% | 0.82% | 0.92% | 1.42% | 0.62% |
Frequently Asked Questions
MTGP and NTSX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSX has higher volatility (3.38%) compared to MTGP (1.31%). In terms of maximum drawdown, MTGP dropped -16.63% vs NTSX's -31.34%.
On 5-year performance, NTSX leads with 9.87% vs 0.33% for MTGP. On fees, NTSX is cheaper at 0.20% per year. On volatility, MTGP has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NTSX has performed better with a 9.87% return vs 0.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSX is cheaper with a 0.20% expense ratio, compared with 0.45% for MTGP.
MTGP has the higher dividend yield at 4.32%, compared with 1.07% for NTSX.
MTGP is categorized as Mortgage Backed Securities, while NTSX is Diversified Portfolio. Their fees differ too: 0.45% for MTGP and 0.20% for NTSX.
NTSX currently has the higher Sharpe Ratio (2.09 vs 1.19), 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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