VanEck Mortgage REIT Income ETF
ALTAR
Score™		 49.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.1x P/Sales
ratio		 4.3x
P/BV
ratio		 0.8x Div.
yield		 12.3%


  • 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) $350
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) $4,644
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 15.9 %
AGNC INVESTMENT CORP. 14.8 %
NEW RESIDENTIAL INVESTMENT 7.5 %
STARWOOD PROPERTY TRUST INC 7.5 %
CAPITAL TRUST-CL A 5.0 %
ARMOUR RESIDENTIAL REIT, INC. 4.9 %
DYNEX CAPITAL INC 4.6 %
ELLINGTON FINANCIAL LLC 3.6 %
ARBOR REALTY TRUST INC 3.5 %
ORCHID ISLAND CAPITAL INC 3.3 %
Total 70.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.9% -4.0% 3.6% 2.1% 3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.30 52%
MSCI EAFE 1.18 55%
MSCI Emg. Mkts. 0.91 39%

Technical Indicators
Recent close $10.83
30d moving avg. $10.43
Annualized volatility 23.4%
Short interest (ETF) 1.7%
Short interest (Underlying) 2.9%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 592
Turnover 1.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 176 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™: 49.5%


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 67.8 48 -5 63.2 +13.7
SRET Global X SuperDividend REIT ETF 33.6 59 -16 12.1 -37.4
RIET Hoya Capital High Dividend Yield ETF 29.5 50 -7 52.6 +3.1
KBWD Invesco KBW High Dividend Yield Financial ETF 18.7 384 -341 13.8 -35.7
SDIV Global X Superdividend ETF 17.6 58 -15 41.6 -7.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 14.8 30 13 17.3 -32.2
HOMZ Hoya Capital Housing ETF 6.2 30 13 9.4 -40.1
XSLV Invesco S&P SmallCap Low Volatility ETF 6.1 25 18 8.9 -40.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.1 80 -37 8.1 -41.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.8 36 7 10.7 -38.8
DIVE Dana Concentrated Dividend ETF 3.7 65 -22 8.1 -41.3
PSCF Invesco S&P SmallCap Financials ETF 3.3 29 14 9.8 -39.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.0 35 8 9.9 -39.6
FXO First Trust Financials AlphaDEX Fund 2.3 62 -19 8.2 -41.3
VNSE Natixis Vaughan Nelson Select ETF 2.1 80 -37 4.7 -44.8
AUSF Global X Adaptive U.S. Factor ETF 2.0 27 16 9.0 -40.5
NUSC Nuveen ESG Small-Cap ETF 2.0 31 12 5.2 -44.3
IYR iShares U.S. Real Estate ETF 1.8 40 3 7.6 -41.9
DIV Global X SuperDividend US ETF 1.8 45 -2 10.5 -39.0
IJS iShares S&P Small-Cap 600 Value ETF 1.8 18 25 9.7 -39.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.6 15 28 9.8 -39.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.6 10 33 9.7 -39.8
GINX SGI Enhanced Global Income ETF 1.5 98 -55 7.9 -41.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.4 25 18 7.7 -41.8
SFYX SoFi Next 500 ETF 1.4 0 43 5.9 -43.6
ISCV iShares Morningstar Small Cap Value ETF 1.4 6 37 9.2 -40.3
FDVV Fidelity High Dividend ETF 1.4 15 28 7.5 -42.0
FYT First Trust Small Cap Value AlphaDEX Fund 1.4 73 -30 11.7 -37.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.4 20 23 6.1 -43.4
HDUS Hartford Disciplined US Equity ETF 1.3 19 24 5.7 -43.8
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 18 7.2 -42.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.3 27 16 7.2 -42.3
IWN iShares Russell 2000 Value ETF 1.2 24 19 7.6 -41.9
VTWV Vanguard Russell 2000 Value ETF 1.2 10 33 7.7 -41.8
SGRT SMART Earnings Growth 30 ETF 1.2 59 -16 1.5 -48.0
OSCV Opus Small Cap Value ETF 1.1 79 -36 7.2 -42.3
SIXS ETC 6 Meridian Small Cap Equity ETF 1.1 89 -46 9.6 -39.9
FNDA Schwab Fundamental US Small Co. Index ETF 1.1 25 18 8.8 -40.7
STXM Strive Mid-Cap ETF 1.0 18 25 6.4 -43.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.0 29 14 8.2 -41.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.9 12 31 7.5 -42.0
ISMD Inspire Small/Mid Cap ETF 0.9 54 -11 5.5 -44.0
FNK First Trust Mid Cap Value AlphaDEX Fund 0.9 70 -27 10.7 -38.7
VBR Vanguard Small Cap Value ETF 0.9 7 36 9.1 -40.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 -18 5.7 -43.8
IJR iShares Core S&P Small Cap ETF 0.9 6 37 7.6 -41.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.8 15 28 7.7 -41.8
XSMO Invesco S&P SmallCap Momentum ETF 0.8 39 4 4.4 -45.1
SCHM Schwab U.S. Mid-Cap ETF 0.8 4 39 7.0 -42.5
RSSL Global X Russell 2000 ETF 0.8 8 35 4.1 -45.4
XMVM Invesco S&P MidCap Value with Momentum ETF 0.8 39 4 9.6 -39.9
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.8 3 40 7.6 -41.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.8 7 36 7.5 -41.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.8 35 8 9.8 -39.7
YOLO AdvisorShares Pure Cannabis ETF 0.8 103 -60 -4.8 -54.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 4 5.7 -43.8
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.8 35 8 7.0 -42.5
ISCB iShares Morningstar Small-Cap ETF 0.7 4 39 6.1 -43.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.7 9 34 3.9 -45.6
SCHA Schwab U.S. Small-Cap ETF 0.7 4 39 6.2 -43.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 36 5.8 -43.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 4 4.2 -45.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 19 8.1 -41.4
NIXT Research Affiliates Deletions ETF 0.6 9 34 8.1 -41.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 39 5.8 -43.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 4 9.8 -39.7
IWM iShares Russell 2000 ETF 0.6 19 24 4.1 -45.4
VTWO Vanguard Russell 2000 ETF 0.6 7 36 4.2 -45.3
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 28 9.0 -40.5
FLDZ RiverNorth Patriot ETF 0.6 75 -32 6.3 -43.2
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.6 12 31 7.4 -42.1
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.6 12 31 8.1 -41.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 28 5.9 -43.6
IWC iShares Micro-Cap ETF 0.6 60 -17 -1.6 -51.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 23 5.5 -44.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 25 7.7 -41.8
RFV Invesco S&P Midcap 400 Pure Value ETF 0.5 35 8 12.9 -36.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 -24 9.9 -39.6
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 31 7.8 -41.7
QDF FlexShares Quality Dividend Index Fund 0.5 37 6 6.2 -43.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 6 6.1 -43.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 -17 6.9 -42.6
VXF Vanguard Extended Market ETF 0.5 5 38 4.7 -44.8
VB Vanguard Small-Cap ETF 0.5 5 38 6.1 -43.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.5 20 23 10.1 -39.4
FNCL Fidelity MSCI Financials Index ETF 0.5 8 35 6.6 -42.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 39 6.0 -43.5
VFH Vanguard Financials ETF 0.5 9 34 6.6 -42.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -9 6.3 -43.2
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 25 8.6 -40.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 28 6.0 -43.5
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.4 15 28 8.6 -40.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 10 33 8.7 -40.8
FESM Fidelity Enhanced Small Cap ETF 0.4 28 15 6.7 -42.7
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -28 -1.6 -51.1
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 26 5.9 -43.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 18 5.5 -44.0
IYF iShares U.S. Financials ETF 0.4 40 3 6.0 -43.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 28 8.0 -41.5
SMMD iShares Russell 2500 ETF 0.4 15 28 6.8 -42.7
LQPE PEO AlphaQuest Thematic PE ETF 0.3 125 -82 6.7 -42.7
ETHO Etho Climate Leadership U.S. ETF 0.3 47 -4 5.5 -44.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.3 30 13 8.2 -41.3
ROSC Hartford Multifactor Small Cap ETF 0.3 34 9 9.0 -40.5
FBCV Fidelity Blue Chip Value ETF 0.3 59 -16 7.3 -42.2
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.3 40 3 4.7 -44.8
CVY Invesco Zacks Multi-Asset Income ETF 0.3 106 -63 11.8 -37.7
IWS iShares Russell Mid-Cap Value ETF 0.2 23 20 7.1 -42.4
OPTZ Optimize Strategy Index ETF 0.2 50 -7 4.7 -44.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 19 7.5 -42.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 31 7.2 -42.3
STXK Strive Small-Cap ETF 0.2 18 25 6.0 -43.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 28 7.3 -42.2
STXV Strive 1000 Value ETF 0.2 18 25 8.1 -41.4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 13 8.1 -41.4
IJH iShares Core S&P Mid-Cap ETF 0.2 5 38 7.2 -42.2
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 19 7.1 -42.4
PSC Principal U.S. Small-Cap ETF 0.2 38 5 6.8 -42.7
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 40 7.2 -42.2
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 36 7.3 -42.2
IWR iShares Russell Midcap ETF 0.2 19 24 6.2 -43.3
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 23 7.1 -42.4
LRGF iShares U.S. Equity Factor ETF 0.2 8 35 5.4 -44.1
FELC Fidelity Enhanced Large Cap Core ETF 0.2 18 25 5.2 -44.3
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 25 6.6 -42.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 18 7.3 -42.2
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 20 5.9 -43.6
FPX First Trust US Equity Opportunities ETF 0.1 61 -18 1.0 -48.5
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 31 7.3 -42.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 14 6.4 -43.1
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 4 6.7 -42.8
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 39 6.7 -42.8
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 23 8.1 -41.4
PTL Inspire 500 ETF 0.1 9 34 5.3 -44.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 18 7.1 -42.3
SCHB Schwab U.S. Broad Market ETF 0.1 3 40 4.9 -44.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -21 1.1 -48.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 34 5.6 -43.9
IWD iShares Russell 1000 Value ETF 0.1 19 24 6.3 -43.1
VONV Vanguard Russell 1000 Value ETF 0.1 7 36 6.5 -43.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 4 9.7 -39.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 31 6.5 -43.0
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 23 6.8 -42.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 37 2.9 -46.6
VTHR Vanguard Russell 3000 ETF 0.1 7 36 4.8 -44.7
IWV iShares Russell 3000 ETF 0.1 20 23 4.7 -44.8
VTI Vanguard Total Stock Market ETF 0.1 3 40 4.8 -44.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 40 4.8 -44.7
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 28 4.8 -44.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 13 6.9 -42.6
SCHK Schwab 1000 Index ETF 0.1 5 38 4.9 -44.6
DIVB iShares Core Dividend ETF 0.1 5 38 8.2 -41.3
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 38 8.0 -41.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 34 4.7 -44.8
SCHX Schwab U.S. Large-Cap ETF 0.1 3 40 4.9 -44.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 28 4.6 -44.9
IWO iShares Russell 2000 Growth ETF 0.0 24 19 0.8 -48.7
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 33 1.0 -48.5
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 26 6.8 -42.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 32 4.8 -44.7
IWB iShares Russell 1000 ETF 0.0 15 28 4.8 -44.7
VONE Vanguard Russell 1000 ETF 0.0 7 36 4.9 -44.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 8 5.1 -44.4
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -22 4.1 -45.4
IYY iShares Dow Jones U.S. ETF 0.0 20 23 4.7 -44.8
VT Vanguard Total World Stock ETF 0.0 6 37 5.7 -43.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 40 5.0 -44.5
IUSV iShares Core S&P US Value ETF 0.0 4 39 6.4 -43.1
RAUS RACWI US ETF 0.0 15 28 4.7 -44.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 22 3.7 -45.8
HKND Humankind US Stock ETF 0.0 11 32 7.3 -42.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 31 4.0 -45.5
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -6 5.6 -43.9
PFM Invesco Dividend Achievers ETF 0.0 53 -10 5.3 -44.2
EBI Longview Advantage ETF 0.0 35 8 6.6 -42.9
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 29 4.9 -44.6

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 37.7 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 49.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.58
 
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.