MTGP vs. SPMB
Compare and contrast key facts about WisdomTree Mortgage Plus Bond Fund (MTGP) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB).
MTGP and SPMB 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. SPMB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Securitized - MBS. It was launched on Jan 15, 2009.
Performance
MTGP vs. SPMB - Performance Comparison
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MTGP vs. SPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 0.16% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 4.91% | 0.05% |
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 0.51% | 8.29% | 1.35% | 5.09% | -12.05% | -1.46% | 4.19% | 0.42% |
Returns By Period
In the year-to-date period, MTGP achieves a 0.16% return, which is significantly lower than SPMB's 0.51% return.
MTGP
- 1D
- 0.28%
- 1M
- -1.58%
- YTD
- 0.16%
- 6M
- 1.57%
- 1Y
- 5.25%
- 3Y*
- 4.05%
- 5Y*
- 0.37%
- 10Y*
- —
SPMB
- 1D
- 0.31%
- 1M
- -1.58%
- YTD
- 0.51%
- 6M
- 1.98%
- 1Y
- 5.73%
- 3Y*
- 4.11%
- 5Y*
- 0.37%
- 10Y*
- 1.29%
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MTGP vs. SPMB - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is higher than SPMB's 0.04% expense ratio.
Return for Risk
MTGP vs. SPMB — Risk / Return Rank
MTGP
SPMB
MTGP vs. SPMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB). 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 | SPMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.18 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.69 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.01 | +0.04 |
Martin ratioReturn relative to average drawdown | 5.63 | 5.76 | -0.13 |
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 | SPMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.18 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.05 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.34 | -0.16 |
Correlation
The correlation between MTGP and SPMB is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MTGP vs. SPMB - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.28%, more than SPMB's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 4.28% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 4.02% | 3.98% | 3.76% | 3.21% | 2.98% | 2.59% | 2.95% | 3.24% | 3.36% | 3.13% | 2.99% | 3.05% |
Drawdowns
MTGP vs. SPMB - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum SPMB drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for MTGP and SPMB.
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Drawdown Indicators
| MTGP | SPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -18.03% | +1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -2.93% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -17.49% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -1.58% | -1.58% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -2.87% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.02% | -0.06% |
Volatility
MTGP vs. SPMB - Volatility Comparison
WisdomTree Mortgage Plus Bond Fund (MTGP) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB) have volatilities of 1.81% and 1.83%, 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 | SPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.83% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.77% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 4.88% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 6.73% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.29% | 7.59% | -2.30% |