VanEck Mortgage REIT Income ETF
ALTAR
Score™		 49.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.0x P/Sales
ratio		 4.2x
P/BV
ratio		 0.8x Div.
yield		 11.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Aug 16, 2011
Assets (mns) $335
Currency USD
Expense ratio 43 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 28
Wgt avg mkt cap (mns) $4,331
Large cap (>$10bn) 15.5%
Mid cap ($2-10bn) 39.2%
Small cap (<$2bn) 45.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANNALY CAPITAL MANAGEMENT IN 14.7 %
AGNC INVESTMENT CORP. 14.1 %
STARWOOD PROPERTY TRUST INC 8.4 %
NEW RESIDENTIAL INVESTMENT 8.3 %
ARBOR REALTY TRUST INC 4.7 %
CAPITAL TRUST-CL A 4.7 %
ARMOUR RESIDENTIAL REIT, INC. 4.4 %
DYNEX CAPITAL INC 4.3 %
LADDER CAPITAL CORP-CLASS A 3.4 %
APOLLO COMMERCIAL REAL ESTAT 3.2 %
Total 70.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.5% -5.3% 3.9% 2.1% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 1.53 66%
MSCI EAFE 1.40 64%
MSCI Emg. Mkts. 1.07 40%

Technical Indicators
Recent close $11.05
30d moving avg. $10.86
Annualized volatility 28.4%
Short interest (ETF) 2.4%
Short interest (Underlying) 2.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 483
Turnover 1.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 171 potential alternatives to the VanEck Mortgage REIT Income ETF ETF based on the alternatives' overlap in portfolio holdings with MORT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MORT Expense: 43 bp ALTAR Score™: 49.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MORT
Ticker Fund
Name		 Overlap1
vs MORT
(%)		 Expense
ratio
(bp)		 Savings
vs MORT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MORT
(%)
REM iShares Mortgage Real Estate ETF 61.2 48 -5 63.1 +13.8
SRET Global X SuperDividend REIT ETF 32.9 59 -16 12.0 -37.4
RIET Hoya Capital High Dividend Yield ETF 28.1 50 -7 48.5 -0.8
KBWD Invesco KBW High Dividend Yield Financial ETF 19.0 384 -341 13.4 -35.9
SDIV Global X Superdividend ETF 18.8 58 -15 40.8 -8.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 14.0 30 13 13.1 -36.2
HOMZ Hoya Capital Housing ETF 6.2 30 13 9.3 -40.0
XSLV Invesco S&P SmallCap Low Volatility ETF 6.2 25 18 7.5 -41.8
REAI Intelligent Real Estate ETF 5.2 59 -16 14.6 -34.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.1 36 7 10.6 -38.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.2 80 -37 7.9 -41.5
PSCF Invesco S&P SmallCap Financials ETF 3.2 29 14 9.2 -40.2
FYT First Trust Small Cap Value AlphaDEX Fund 2.7 73 -30 10.5 -38.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.5 35 8 10.0 -39.3
VNSE Natixis Vaughan Nelson Select ETF 2.1 80 -37 4.6 -44.8
AUSF Global X Adaptive U.S. Factor ETF 2.0 27 16 8.8 -40.6
NUSC Nuveen ESG Small-Cap ETF 2.0 31 12 5.3 -44.0
IJS iShares S&P Small-Cap 600 Value ETF 1.9 18 25 9.7 -39.6
IYR iShares U.S. Real Estate ETF 1.8 40 3 7.5 -41.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.8 10 33 9.7 -39.6
SLYV SPDR S&P 600 Small Cap Value ETF 1.7 15 28 9.7 -39.6
DIV Global X SuperDividend US ETF 1.7 45 -2 11.9 -37.5
FXO First Trust Financials AlphaDEX Fund 1.7 62 -19 8.1 -41.2
FYX First Trust Small Cap Core AlphaDEX Fund 1.6 61 -18 5.9 -43.4
GINX SGI Enhanced Global Income ETF 1.5 98 -55 7.0 -42.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.4 25 18 7.8 -41.5
ISCV iShares Morningstar Small Cap Value ETF 1.4 6 37 9.3 -40.0
FDVV Fidelity High Dividend ETF 1.4 15 28 7.5 -41.8
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.4 60 -17 5.4 -44.0
SFYX SoFi Next 500 ETF 1.3 0 43 5.7 -43.6
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 18 7.6 -41.8
HDUS Hartford Disciplined US Equity ETF 1.3 19 24 5.6 -43.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.3 27 16 7.0 -42.3
IWN iShares Russell 2000 Value ETF 1.3 24 19 7.3 -42.1
VTWV Vanguard Russell 2000 Value ETF 1.2 10 33 7.3 -42.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.2 20 23 6.3 -43.0
OSCV Opus Small Cap Value ETF 1.2 79 -36 6.5 -42.8
FNDA Schwab Fundamental US Small Co. Index ETF 1.1 25 18 8.2 -41.1
SIXS ETC 6 Meridian Small Cap Equity ETF 1.1 89 -46 9.8 -39.5
STXM Strive Mid-Cap ETF 1.0 18 25 6.1 -43.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.0 29 14 8.2 -41.2
XJR iShares ESG Screened S&P Small-Cap ETF 1.0 12 31 7.4 -42.0
VBR Vanguard Small Cap Value ETF 1.0 7 36 9.1 -40.2
IJR iShares Core S&P Small Cap ETF 0.9 6 37 7.6 -41.7
ISMD Inspire Small/Mid Cap ETF 0.9 54 -11 5.5 -43.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.9 70 -27 11.0 -38.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.9 15 28 7.8 -41.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 7 36 7.6 -41.7
RSSL Global X Russell 2000 ETF 0.9 8 35 4.3 -45.0
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.9 3 40 7.6 -41.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.8 67 -24 9.9 -39.5
XMVM Invesco S&P MidCap Value with Momentum ETF 0.8 39 4 9.6 -39.8
SCHM Schwab U.S. Mid-Cap ETF 0.8 4 39 6.6 -42.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.8 35 8 9.4 -40.0
YOLO AdvisorShares Pure Cannabis ETF 0.8 103 -60 -4.1 -53.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 4 5.8 -43.6
ISCB iShares Morningstar Small-Cap ETF 0.7 4 39 6.2 -43.1
SCHA Schwab U.S. Small-Cap ETF 0.7 4 39 5.8 -43.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.7 9 34 4.2 -45.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 4 5.3 -44.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 36 6.0 -43.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 19 8.1 -41.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 39 5.9 -43.4
VTWO Vanguard Russell 2000 ETF 0.6 7 36 4.3 -45.0
IWM iShares Russell 2000 ETF 0.6 19 24 4.3 -45.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.6 12 31 7.4 -42.0
NIXT Research Affiliates Deletions ETF 0.6 9 34 8.6 -40.7
ESIX SPDR S&P SmallCap 600 ESG ETF 0.6 12 31 8.0 -41.4
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 28 8.9 -40.5
IWC iShares Micro-Cap ETF 0.6 60 -17 -0.8 -50.2
FLDZ RiverNorth Patriot ETF 0.6 75 -32 6.1 -43.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 28 5.8 -43.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 4 9.5 -39.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.6 52 -9 6.3 -43.0
RFV Invesco S&P Midcap 400 Pure Value ETF 0.6 35 8 12.9 -36.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 23 5.5 -43.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 25 7.7 -41.7
VB Vanguard Small-Cap ETF 0.6 5 38 6.1 -43.2
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 31 8.0 -41.3
QDF FlexShares Quality Dividend Index Fund 0.5 37 6 6.1 -43.2
VXF Vanguard Extended Market ETF 0.5 5 38 4.6 -44.7
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 6 6.0 -43.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 -17 7.3 -42.1
ONEY SPDR Russell 1000 Yield Focus ETF 0.5 20 23 9.6 -39.8
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 25 8.7 -40.6
FNCL Fidelity MSCI Financials Index ETF 0.5 8 35 6.3 -43.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 10 33 8.9 -40.5
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 28 8.7 -40.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 39 6.1 -43.2
VFH Vanguard Financials ETF 0.5 9 34 6.3 -43.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 28 6.0 -43.4
FESM Fidelity Enhanced Small Cap ETF 0.4 28 15 7.2 -42.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 26 5.7 -43.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 18 5.6 -43.8
IYF iShares U.S. Financials ETF 0.4 40 3 5.8 -43.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 28 7.9 -41.4
SMMD iShares Russell 2500 ETF 0.3 15 28 6.1 -43.2
ETHO Etho Climate Leadership U.S. ETF 0.3 47 -4 5.3 -44.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.3 30 13 7.7 -41.6
ROSC Hartford Multifactor Small Cap ETF 0.3 34 9 9.2 -40.1
FBCV Fidelity Blue Chip Value ETF 0.3 59 -16 7.3 -42.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.3 35 8 7.2 -42.2
STXK Strive Small-Cap ETF 0.3 18 25 5.8 -43.5
CVY Invesco Zacks Multi-Asset Income ETF 0.3 106 -63 12.3 -37.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 31 7.1 -42.2
IWS iShares Russell Mid-Cap Value ETF 0.2 23 20 6.8 -42.6
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 19 7.1 -42.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 19 7.7 -41.7
IJH iShares Core S&P Mid-Cap ETF 0.2 5 38 7.3 -42.0
STXV Strive 1000 Value ETF 0.2 18 25 8.0 -41.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.2 71 -28 0.4 -48.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 28 7.3 -42.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 36 7.4 -41.9
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 40 7.3 -42.0
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 13 8.3 -41.1
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -82 5.2 -44.2
PSC Principal U.S. Small-Cap ETF 0.2 38 5 6.8 -42.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 23 6.8 -42.6
LRGF iShares U.S. Equity Factor ETF 0.2 8 35 5.4 -44.0
IWR iShares Russell Midcap ETF 0.2 19 24 5.8 -43.6
FELC Fidelity Enhanced Large Cap Core ETF 0.2 18 25 5.1 -44.2
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 25 6.7 -42.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 18 7.1 -42.2
OPTZ Optimize Strategy Index ETF 0.2 50 -7 4.6 -44.8
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 20 5.7 -43.6
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 31 7.4 -42.0
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 4 6.7 -42.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 14 6.4 -43.0
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 39 6.7 -42.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 23 7.7 -41.6
PTL Inspire 500 ETF 0.1 9 34 5.2 -44.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 18 7.1 -42.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 40 4.9 -44.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 34 5.6 -43.7
IWD iShares Russell 1000 Value ETF 0.1 19 24 6.4 -42.9
VONV Vanguard Russell 1000 Value ETF 0.1 7 36 6.5 -42.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 37 2.9 -46.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 4 9.3 -40.0
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 23 7.0 -42.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 31 6.5 -42.8
DIVB iShares Core Dividend ETF 0.1 5 38 8.1 -41.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 40 4.8 -44.5
IWV iShares Russell 3000 ETF 0.1 20 23 4.7 -44.6
VTHR Vanguard Russell 3000 ETF 0.1 7 36 4.8 -44.5
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 38 7.9 -41.4
VTI Vanguard Total Stock Market ETF 0.1 3 40 4.8 -44.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 34 4.6 -44.7
SCHK Schwab 1000 Index ETF 0.1 5 38 4.9 -44.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 28 4.9 -44.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 13 6.5 -42.8
IWO iShares Russell 2000 Growth ETF 0.1 24 19 1.3 -48.0
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 33 1.4 -47.9
SCHX Schwab U.S. Large-Cap ETF 0.1 3 40 4.9 -44.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 28 4.6 -44.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.0 64 -21 2.2 -47.1
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 26 7.1 -42.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 32 4.8 -44.5
IYY iShares Dow Jones U.S. ETF 0.0 20 23 4.7 -44.6
VONE Vanguard Russell 1000 ETF 0.0 7 36 4.9 -44.5
IWB iShares Russell 1000 ETF 0.0 15 28 4.8 -44.6
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -22 4.1 -45.3
VT Vanguard Total World Stock ETF 0.0 6 37 5.8 -43.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 8 5.1 -44.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 40 5.1 -44.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 31 4.5 -44.9
IUSV iShares Core S&P US Value ETF 0.0 4 39 6.4 -42.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 22 3.6 -45.7
HKND Humankind US Stock ETF 0.0 11 32 7.1 -42.2
PFM Invesco Dividend Achievers ETF 0.0 53 -10 5.2 -44.1
EBI Longview Advantage ETF 0.0 35 8 6.5 -42.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 29 4.8 -44.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck Mortgage REIT Income ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 38.6 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 49.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.59
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.