SPDV vs. MTGP
SPDV (AAM S&P 500 High Dividend Value ETF) and MTGP (WisdomTree Mortgage Plus Bond Fund) are both exchange-traded funds - SPDV is a Dividend fund tracking the S&P 500 Dividend and Free Cash Flow Yield Index, while MTGP is a Mortgage Backed Securities fund actively managed by WisdomTree. SPDV is passively managed, while MTGP is actively managed. Over the past 5 years, SPDV returned 9.01%/yr vs 0.39%/yr for MTGP. At a correlation of -0.00, they often move in opposite directions. SPDV charges 0.29%/yr vs 0.45%/yr for MTGP.
Performance
SPDV vs. MTGP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPDV achieves a 13.31% return, which is significantly higher than MTGP's 0.71% return.
SPDV
- 1D
- 0.10%
- 1M
- -0.63%
- YTD
- 13.31%
- 6M
- 13.16%
- 1Y
- 24.69%
- 3Y*
- 16.36%
- 5Y*
- 9.01%
- 10Y*
- —
MTGP
- 1D
- 0.15%
- 1M
- 0.85%
- YTD
- 0.71%
- 6M
- 0.71%
- 1Y
- 5.24%
- 3Y*
- 4.42%
- 5Y*
- 0.39%
- 10Y*
- —
SPDV vs. MTGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPDV AAM S&P 500 High Dividend Value ETF | 13.31% | 10.90% | 14.40% | 5.45% | -2.27% | 29.54% | -6.09% | 1.59% |
MTGP WisdomTree Mortgage Plus Bond Fund | 0.71% | 7.57% | 2.48% | 3.96% | -11.29% | -0.64% | 4.91% | 0.08% |
Correlation
The correlation between SPDV and MTGP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2019 | -0.00 |
The correlation between SPDV and MTGP shifts across timeframes, from -0.00 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPDV vs. MTGP — Risk / Return Rank
SPDV
MTGP
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.
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.
| SPDV | MTGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.08 | +2.19 |
| Martin ratioReturn relative to average drawdown | 12.11 | 5.31 | +6.80 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| SPDV | MTGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -16.63% | -27.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -2.53% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.62% | -6.46% | -12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -16.63% | -4.68% |
Current DrawdownCurrent decline from peak | -2.37% | -1.04% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -5.08% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.99% | +1.05% |
Volatility
SPDV vs. MTGP - Volatility Comparison
AAM S&P 500 High Dividend Value ETF (SPDV) has a higher volatility of 3.66% compared to WisdomTree Mortgage Plus Bond Fund (MTGP) at 0.97%. 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.
Loading charts...
Volatility by Period
| SPDV | MTGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 0.97% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 3.09% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 4.73% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 5.80% | +10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 5.24% | +15.04% |
SPDV vs. MTGP - Expense Ratio Comparison
SPDV has a 0.29% expense ratio, which is lower than MTGP's 0.45% expense ratio.
Dividends
SPDV vs. MTGP - Dividend Comparison
SPDV's dividend yield for the trailing twelve months is around 3.34%, less than MTGP's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 4.30% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% | 0.00% | 0.00% | 0.00% |
SPDV AAM S&P 500 High Dividend Value ETF | 3.34% | 3.85% | 3.54% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.63% | 0.28% |
Frequently Asked Questions
SPDV and MTGP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPDV has higher volatility (3.66%) compared to MTGP (0.97%). In terms of maximum drawdown, SPDV dropped -43.81% vs MTGP's -16.63%.
On 5-year performance, SPDV leads with 9.01% vs 0.39% for MTGP. On fees, SPDV is cheaper at 0.29% per year. On volatility, MTGP has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPDV has performed better with a 9.01% return vs 0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPDV is cheaper with a 0.29% expense ratio, compared with 0.45% for MTGP.
MTGP has the higher dividend yield at 4.30%, compared with 3.34% for SPDV.
SPDV is categorized as Dividend, while MTGP is Mortgage Backed Securities. They also come from different issuers: Advisors Asset Management and WisdomTree. Their fees differ too: 0.29% for SPDV and 0.45% for MTGP.
SPDV currently has the higher Sharpe Ratio (2.02 vs 1.11), 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.
Find the right allocation for SPDV and MTGP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer