MORT
VanEck Mortgage REIT Income ETF
VanEck Vectors Mortgage REIT Income ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Mortgage REIT Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
296.4 M
ASSETS UNDER MGMT
43 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 16, 2011 |
| Assets (mns) | $296 |
| Expense ratio | 43 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ANNALY CAPITAL MANAGEMENT IN | 12.9 % |
| AGNC INVESTMENT CORP. | 11.3 % |
| STARWOOD PROPERTY TRUST INC | 8.8 % |
| NEW RESIDENTIAL INVESTMENT | 7.4 % |
| ARBOR REALTY TRUST INC | 5.1 % |
| CAPITAL TRUST-CL A | 5.1 % |
| HANNON ARMSTRONG SUSTAINABLE | 4.2 % |
| LADDER CAPITAL CORP-CLASS A | 3.9 % |
| READY CAPITAL CORPORATION | 3.3 % |
| CHIMERA INVESTMENT CORPORATION | 3.3 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 618 |
| Wgt avg mkt cap (mns) | $5,996 |
| Large cap (>$10bn) | 12.4% |
| Mid cap ($2-10bn) | 50.6% |
| Small cap (<$2bn) | 37.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.5% | 20.4% | 6.0% | -8.1% | -5.3% | 1.0% | 3.6% | Volatility | 19.9% | 21.6% | 24.0% | 26.5% | 38.1% | 28.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 74% |
| MSCI EAFE | 1.43 | 71% |
| MSCI Emg Mkts | 1.15 | 45% |
Liquidity Measures
| Avg. volume (000) | 308 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $726 |
Technical Indicators
| Recent close | $11.23 |
| 30d moving avg. | $11.48 |
| Annualized volatility | 30.1% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 2.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MORT |
Expenses vs. MORT |
ALTAR Score™ vs. MORT |
|---|---|---|---|---|
| REM | iShares Mortgage Real Estate ETF | 65.1% | +5 bp | +1.2% |
| SRET | Global X SuperDividend REIT ETF | 33.6% | +16 bp | -3.0% |
| RIET | Hoya Capital High Dividend Yield ETF | 26.1% | +7 bp | -0.5% |
| KBWD | Invesco KBW High Dividend Yield Financial ETF | 21.6% | +341 bp | -3.4% |
| SDIV | Global X Superdividend ETF | 17.9% | +15 bp | +2.2% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 13.7% | -13 bp | -2.8% |
Risk and Returns: MORT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MORT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
MORT
12.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. MORT's ALTAR Score™ is approximately
3.0 standard deviations
above
the category average. This places MORT in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MORTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| MORT (43 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MORT | 43.0 | 10.9 | 53.9 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .