SPDV vs. MTGP

Last updated Apr 1, 2026

Compare and contrast key facts about AAM S&P 500 High Dividend Value ETF (SPDV) and WisdomTree Mortgage Plus Bond Fund (MTGP).

SPDV and MTGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MTGP is an actively managed fund by WisdomTree. It was launched on Nov 14, 2019.

Performance

SPDV vs. MTGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P 500 High Dividend Value ETF (SPDV) and WisdomTree Mortgage Plus Bond Fund (MTGP). The values are adjusted to include any dividend payments, if applicable.

SPDV vs. MTGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPDV AAM S&P 500 High Dividend Value ETF	8.31%	10.90%	14.40%	5.45%	-2.27%	29.54%	-6.09%	1.20%
MTGP WisdomTree Mortgage Plus Bond Fund	0.16%	7.57%	2.48%	3.96%	-11.29%	-0.64%	4.91%	0.05%

Returns By Period

In the year-to-date period, SPDV achieves a 8.31% return, which is significantly higher than MTGP's 0.16% return.

SPDV

• 1D: 0.78%
• 1M: -2.66%
• YTD: 8.31%
• 6M: 9.18%
• 1Y: 18.90%
• 3Y*: 14.04%
• 5Y*: 8.98%
• 10Y*: —

MTGP

• 1D: 0.28%
• 1M: -1.58%
• YTD: 0.16%
• 6M: 1.57%
• 1Y: 5.25%
• 3Y*: 4.05%
• 5Y*: 0.37%
• 10Y*: —

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

SPDV vs. MTGP - Expense Ratio Comparison

SPDV has a 0.29% expense ratio, which is lower than MTGP's 0.45% expense ratio.

MTGP

WisdomTree Mortgage Plus Bond Fund

SPDV

AAM S&P 500 High Dividend Value ETF

Return for Risk

SPDV vs. MTGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPDV

SPDV Risk / Return Rank: 62
SPDV Sharpe Ratio Rank: 63
SPDV Sortino Ratio Rank: 64
SPDV Omega Ratio Rank: 63
SPDV Calmar Ratio Rank: 59
SPDV Martin Ratio Rank: 63

MTGP

MTGP Risk / Return Rank: 57
MTGP Sharpe Ratio Rank: 55
MTGP Sortino Ratio Rank: 54
MTGP Omega Ratio Rank: 46
MTGP Calmar Ratio Rank: 76
MTGP Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPDV vs. MTGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P 500 High Dividend Value ETF (SPDV) and WisdomTree Mortgage Plus Bond Fund (MTGP). 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.

	SPDV	MTGP	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.99	+0.09
Sortino ratio Return per unit of downside risk	1.58	1.43	+0.15
Omega ratio Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio Return relative to maximum drawdown	1.44	2.05	-0.60
Martin ratio Return relative to average drawdown	6.09	5.63	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPDV vs. MTGP - Sharpe Ratio Comparison

The current SPDV Sharpe Ratio is 1.08, which is comparable to the MTGP Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of SPDV and MTGP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPDV	MTGP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.99	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.06	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.18	+0.25

Correlation

The correlation between SPDV and MTGP is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SPDV vs. MTGP - Dividend Comparison

SPDV's dividend yield for the trailing twelve months is around 3.50%, less than MTGP's 4.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPDV AAM S&P 500 High Dividend Value ETF	3.50%	3.85%	3.54%	3.95%	3.73%	3.08%	3.90%	3.54%	3.63%	0.28%
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%

Drawdowns

SPDV vs. MTGP - Drawdown Comparison

The maximum SPDV drawdown since its inception was -43.81%, which is greater than MTGP's maximum drawdown of -16.63%. Use the drawdown chart below to compare losses from any high point for SPDV and MTGP.

Drawdown Indicators

	SPDV	MTGP	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-16.63%	-27.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	-2.64%	-11.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.31%	-16.63%	-4.68%
Current Drawdown Current decline from peak	-3.31%	-1.58%	-1.73%
Average Drawdown Average peak-to-trough decline	-6.67%	-5.21%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	0.96%	+2.33%

Volatility

SPDV vs. MTGP - Volatility Comparison

AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.07% compared to WisdomTree Mortgage Plus Bond Fund (MTGP) at 1.81%. This indicates that SPDV's price experiences larger fluctuations and is considered to be riskier than MTGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPDV	MTGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	1.81%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	3.06%	+6.19%
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	5.32%	+12.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	5.76%	+10.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	5.29%	+15.19%