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XRES.L vs. MORT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XRES.L vs. MORT

Last updated Jun 5, 2026

XRES.L (Invesco Real Estate S&P US Select Sector UCITS ETF Acc) and MORT (VanEck Vectors Mortgage REIT Income ETF) are both REIT funds - XRES.L tracks the S&P Select Sector Capped 20% Real Estate Index while MORT tracks the MVIS Global Mortgage REITs Index. Both are passively managed. Over the past 10 years, XRES.L returned 6.39%/yr vs 2.39%/yr for MORT. At a 0.36 correlation, their price movements are largely independent. XRES.L charges 0.14%/yr vs 0.42%/yr for MORT.

Performance

XRES.L vs. MORT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) and VanEck Vectors Mortgage REIT Income ETF (MORT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XRES.L achieves a 9.04% return, which is significantly higher than MORT's -0.82% return. Over the past 10 years, XRES.L has outperformed MORT with an annualized return of 6.39%, while MORT has yielded a comparatively lower 2.39% annualized return.

XRES.L

1D
-0.02%
1M
-0.28%
YTD
9.04%
6M
8.82%
1Y
9.37%
3Y*
9.53%
5Y*
2.78%
10Y*
6.39%

MORT

1D
1.31%
1M
-4.01%
YTD
-0.82%
6M
-0.39%
1Y
11.91%
3Y*
8.80%
5Y*
-2.10%
10Y*
2.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XRES.L vs. MORT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XRES.L
Invesco Real Estate S&P US Select Sector UCITS ETF Acc		9.04%3.99%2.44%12.71%-25.97%46.91%-3.45%27.10%-2.96%10.89%
MORT
VanEck Vectors Mortgage REIT Income ETF		-0.82%12.17%0.14%14.74%-26.92%15.95%-22.39%21.26%-4.45%18.88%

Correlation

The correlation between XRES.L and MORT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Feb 22, 2016

0.36

The correlation between XRES.L and MORT shifts across timeframes, from 0.28 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

XRES.L vs. MORT - Sectors Allocation Comparison

Sectors
XRES.L
MORT

Real Estate

100.0%
96.7%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

3.0%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

XRES.L
100.0%
MORT
96.7%

Basic Materials

XRES.L

-

MORT

-

Communication Services

XRES.L

-

MORT

-

Consumer Cyclical

XRES.L

-

MORT

-

Consumer Defensive

XRES.L

-

MORT

-

Energy

XRES.L

-

MORT

-

Financial Services

XRES.L

-

MORT
3.0%

Healthcare

XRES.L

-

MORT

-

Industrials

XRES.L

-

MORT

-

Technology

XRES.L

-

MORT

-

Utilities

XRES.L

-

MORT

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Real Estate S&P US Select Sector UCITS ETF Acc

VanEck Vectors Mortgage REIT Income ETF

Often compared with XRES.L:
XRES.L vs. XLREXRES.L vs. VNQXRES.L vs. VWRA.LXRES.L vs. IUSP.LXRES.L vs. REMXRES.L vs. GBRE.LXRES.L vs. FREL
Often compared with MORT:
MORT vs. REMMORT vs. BIZDMORT vs. MVRLMORT vs. UNITMORT vs. AMZYMORT vs. HNDLMORT vs. XLRE

Return for Risk

XRES.L vs. MORT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XRES.L
XRES.L Risk / Return Rank: 2323
Overall Rank
XRES.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
XRES.L Sortino Ratio Rank: 2121
Sortino Ratio Rank
XRES.L Omega Ratio Rank: 2020
Omega Ratio Rank
XRES.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
XRES.L Martin Ratio Rank: 2525
Martin Ratio Rank
MORT
MORT Risk / Return Rank: 2121
Overall Rank
MORT Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
MORT Sortino Ratio Rank: 2121
Sortino Ratio Rank
MORT Omega Ratio Rank: 2121
Omega Ratio Rank
MORT Calmar Ratio Rank: 2020
Calmar Ratio Rank
MORT Martin Ratio Rank: 2020
Martin Ratio Rank
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.

XRES.L vs. MORT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) and VanEck Vectors Mortgage REIT Income ETF (MORT). 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.

XRES.LMORTDifference
Sharpe ratioReturn per unit of total volatility
0.71
0.72

-0.02

Sortino ratioReturn per unit of downside risk
1.08
1.09

-0.01

Omega ratioGain probability vs. loss probability

1.12

1.13

-0.01

Calmar ratioReturn relative to maximum drawdown

1.23

0.84

+0.40

Martin ratioReturn relative to average drawdown

3.26

2.32

+0.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRES.L vs. MORT - Sharpe Ratio Comparison

The current XRES.L Sharpe Ratio is 0.71, which is comparable to the MORT Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of XRES.L and MORT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XRES.LMORTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.71

0.72

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

-0.09

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

0.08

+0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.16

+0.23

Drawdowns

XRES.L vs. MORT - Drawdown Comparison

The maximum XRES.L drawdown since its inception was -37.84%, smaller than the maximum MORT drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for XRES.L and MORT.

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Drawdown Indicators

XRES.LMORTDifference

Max Drawdown

Largest peak-to-trough decline

-37.84%

-70.13%

+32.29%

Max Drawdown (1Y)

Largest decline over 1 year

-7.56%

-14.27%

+6.71%

Max Drawdown (3Y)

Largest decline over 3 years

-17.95%

-21.98%

+4.03%

Max Drawdown (5Y)

Largest decline over 5 years

-34.70%

-42.73%

+8.03%

Max Drawdown (10Y)

Largest decline over 10 years

-37.84%

-70.13%

+32.29%

Current Drawdown

Current decline from peak

-3.19%

-22.25%

+19.06%

Average Drawdown

Average peak-to-trough decline

-10.17%

-15.31%

+5.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

5.14%

-2.27%

Volatility

XRES.L vs. MORT - Volatility Comparison

Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) has a higher volatility of 4.47% compared to VanEck Vectors Mortgage REIT Income ETF (MORT) at 3.94%. This indicates that XRES.L's price experiences larger fluctuations and is considered to be riskier than MORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XRES.LMORTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

3.94%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

12.87%

-3.19%

Volatility (1Y)

Calculated over the trailing 1-year period

13.25%

16.57%

-3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.47%

23.70%

-5.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.89%

28.84%

-9.95%

XRES.L vs. MORT - Expense Ratio Comparison

XRES.L has a 0.14% expense ratio, which is lower than MORT's 0.42% expense ratio.

Dividends

XRES.L vs. MORT - Dividend Comparison

XRES.L has not paid dividends to shareholders, while MORT's dividend yield for the trailing twelve months is around 13.13%.

PositionTTM20252024202320222021202020192018201720162015
MORT
VanEck Vectors Mortgage REIT Income ETF		13.13%12.76%11.55%12.18%13.09%8.21%8.11%7.36%8.19%7.82%8.21%9.91%
XRES.L
Invesco Real Estate S&P US Select Sector UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XRES.L and MORT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XRES.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XRES.L is cheaper with a 0.14% expense ratio, compared with 0.42% for MORT.

XRES.L tracks S&P Select Sector Capped 20% Real Estate Index, while MORT tracks MVIS Global Mortgage REITs Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.14% for XRES.L and 0.42% for MORT.

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