Correlation
The correlation between MTGP and SPDV is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MTGP vs. SPDV
Compare and contrast key facts about WisdomTree Mortgage Plus Bond Fund (MTGP) and AAM S&P 500 High Dividend Value ETF (SPDV).
MTGP and SPDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTGP is an actively managed fund by WisdomTree. It was launched on Nov 14, 2019. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTGP or SPDV.
Performance
MTGP vs. SPDV - Performance Comparison
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Key characteristics
MTGP:
1.13
SPDV:
0.57
MTGP:
1.68
SPDV:
0.92
MTGP:
1.20
SPDV:
1.12
MTGP:
0.61
SPDV:
0.56
MTGP:
2.57
SPDV:
1.86
MTGP:
2.53%
SPDV:
5.61%
MTGP:
5.83%
SPDV:
18.14%
MTGP:
-16.63%
SPDV:
-43.81%
MTGP:
-4.56%
SPDV:
-8.14%
Returns By Period
In the year-to-date period, MTGP achieves a 2.30% return, which is significantly higher than SPDV's -1.27% return.
MTGP
2.30%
-0.79%
0.92%
6.55%
1.23%
-0.28%
N/A
SPDV
-1.27%
3.85%
-8.14%
10.20%
3.58%
13.11%
N/A
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MTGP vs. SPDV - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is higher than SPDV's 0.29% expense ratio.
Risk-Adjusted Performance
MTGP vs. SPDV — Risk-Adjusted Performance Rank
MTGP
SPDV
MTGP vs. SPDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and AAM S&P 500 High Dividend Value ETF (SPDV). 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.
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Dividends
MTGP vs. SPDV - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.19%, more than SPDV's 3.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% | 0.22% | 0.00% | 0.00% |
SPDV AAM S&P 500 High Dividend Value ETF | 3.88% | 3.54% | 3.95% | 3.73% | 3.08% | 3.90% | 3.53% | 3.63% | 0.28% |
Drawdowns
MTGP vs. SPDV - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum SPDV drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for MTGP and SPDV.
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Volatility
MTGP vs. SPDV - Volatility Comparison
The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.69%, while AAM S&P 500 High Dividend Value ETF (SPDV) has a volatility of 5.51%. This indicates that MTGP experiences smaller price fluctuations and is considered to be less risky than SPDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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