VanEck Mortgage REIT Income ETF
ALTAR
Score™		 20.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.2x P/Sales
ratio		 3.7x
P/BV
ratio		 0.7x Div.
yield		 12.4%


  • 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) $347
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 27
Wgt avg mkt cap (mns) $5,044
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 19.4 %
AGNC INVESTMENT CORP. 15.2 %
NEW RESIDENTIAL INVESTMENT 7.4 %
STARWOOD PROPERTY TRUST INC 7.1 %
DYNEX CAPITAL INC 5.3 %
ELLINGTON FINANCIAL LLC 4.6 %
ARMOUR RESIDENTIAL REIT, INC. 4.6 %
ORCHID ISLAND CAPITAL INC 4.3 %
CAPITAL TRUST-CL A 3.7 %
LADDER CAPITAL CORP-CLASS A 3.0 %
Total 74.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %










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.
0.3% 2.5% -1.7% 1.8% 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.58 19%
MSCI EAFE 0.54 26%
MSCI Emg. Mkts. 0.23 12%

Technical Indicators
Recent close $9.35
30d moving avg. $9.86
Annualized volatility 23.4%
Short interest (ETF) 2.8%
Short interest (Underlying) 2.9%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 857
Turnover 2.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 174 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™: 20.1%


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
(%)
SRET Global X SuperDividend REIT ETF 38.6 59 -16 13.3 -6.8
RIET Hoya Capital High Dividend Yield ETF 26.7 50 -7 14.5 -5.6
KBWD Invesco KBW High Dividend Yield Financial ETF 18.3 384 -341 18.3 -1.8
SDIV Global X Superdividend ETF 17.8 58 -15 13.8 -6.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.6 30 13 13.7 -6.4
SGRT SMART Earnings Growth 30 ETF 7.8 59 -16 2.5 -17.6
HOMZ Hoya Capital Housing ETF 6.5 30 13 10.8 -9.3
XSLV Invesco S&P SmallCap Low Volatility ETF 5.3 25 18 7.3 -12.8
FDM First Trust Dow Jones Select MicroCap Index Fund 4.7 60 -17 6.8 -13.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.6 80 -37 6.9 -13.2
FXO First Trust Financials AlphaDEX Fund 4.0 62 -19 7.8 -12.3
PSCF Invesco S&P SmallCap Financials ETF 3.6 29 14 8.3 -11.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.5 36 7 8.1 -12.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.8 35 8 3.1 -17.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.8 25 18 7.6 -12.5
FYT First Trust Small Cap Value AlphaDEX Fund 2.1 73 -30 9.4 -10.7
RNMC First Trust Mid Cap US Equity Select ETF 1.9 60 -17 6.7 -13.4
DIV Global X SuperDividend US ETF 1.8 45 -2 9.5 -10.6
IYR iShares U.S. Real Estate ETF 1.7 40 3 7.1 -13.0
DIVE Dana Concentrated Dividend ETF 1.6 65 -22 6.5 -13.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 1.6 12 31 3.3 -16.8
AUSF Global X Adaptive U.S. Factor ETF 1.5 27 16 8.0 -12.1
XMLV Invesco S&P MidCap Low Volatility ETF 1.4 25 18 6.8 -13.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.4 60 -17 6.8 -13.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.3 35 8 6.9 -13.2
GINX SGI Enhanced Global Income ETF 1.3 98 -55 6.3 -13.8
XSMO Invesco S&P SmallCap Momentum ETF 1.3 39 4 3.8 -16.3
NUSC Nuveen ESG Small-Cap ETF 1.2 31 12 5.0 -15.2
FAB First Trust Multi Cap Value AlphaDEX Fund 1.1 67 -24 8.3 -11.8
ISCV iShares Morningstar Small Cap Value ETF 1.1 6 37 7.6 -12.6
FYX First Trust Small Cap Core AlphaDEX Fund 1.1 61 -18 5.2 -15.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.0 10 33 8.8 -11.3
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 25 8.7 -11.4
FNK First Trust Mid Cap Value AlphaDEX Fund 1.0 70 -27 9.3 -10.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.0 15 28 8.8 -11.3
OSCV Opus Small Cap Value ETF 1.0 79 -36 6.0 -14.2
XMVM Invesco S&P MidCap Value with Momentum ETF 1.0 39 4 7.1 -13.0
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -46 7.8 -12.4
IWN iShares Russell 2000 Value ETF 0.9 24 19 4.6 -15.5
VTWV Vanguard Russell 2000 Value ETF 0.9 10 33 4.8 -15.4
FSGS First Trust SMID Growth Strength ETF 0.9 60 -17 4.8 -15.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 8 5.9 -14.2
FTA First Trust Large Cap Value AlphaDEX Fund 0.9 59 -16 7.4 -12.7
SIXL ETC 6 Meridian Low Beta Equity ETF 0.9 80 -37 6.0 -14.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 14 6.4 -13.8
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 31 6.1 -14.0
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.8 20 23 5.6 -14.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 4 3.5 -16.6
SCHM Schwab U.S. Mid-Cap ETF 0.7 4 39 5.9 -14.3
IWC iShares Micro-Cap ETF 0.7 60 -17 -1.3 -21.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.7 39 4 7.2 -13.0
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 36 6.1 -14.0
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 40 6.3 -13.8
IJR iShares Core S&P Small Cap ETF 0.7 6 37 6.3 -13.9
STXK Strive Small-Cap ETF 0.7 18 25 5.2 -15.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 19 7.1 -13.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 -17 6.2 -13.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 28 5.0 -15.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.7 25 18 6.1 -14.0
STXM Strive Mid-Cap ETF 0.7 18 25 6.0 -14.1
ISMD Inspire Small/Mid Cap ETF 0.6 54 -11 4.9 -15.2
RSSL Global X Russell 2000 ETF 0.6 8 35 2.7 -17.5
VBR Vanguard Small Cap Value ETF 0.6 7 36 7.8 -12.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 25 6.8 -13.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 28 4.9 -15.2
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.6 20 23 8.5 -11.6
FLDZ RiverNorth Patriot ETF 0.6 75 -32 6.2 -14.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.6 15 28 6.2 -14.0
ISCB iShares Morningstar Small-Cap ETF 0.6 4 39 5.4 -14.8
HAPS Harbor Human Capital Factor US Small Cap ETF 0.5 60 -17 3.2 -16.9
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.5 24 19 6.0 -14.1
SMMD iShares Russell 2500 ETF 0.5 15 28 5.5 -14.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 4 2.2 -17.9
SCHA Schwab U.S. Small-Cap ETF 0.5 4 39 4.4 -15.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 36 5.3 -14.8
IWM iShares Russell 2000 ETF 0.5 19 24 2.6 -17.5
VTWO Vanguard Russell 2000 ETF 0.5 7 36 2.7 -17.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 26 4.9 -15.2
HDUS Hartford Disciplined US Equity ETF 0.5 19 24 4.7 -15.4
FNCL Fidelity MSCI Financials Index ETF 0.5 8 35 5.8 -14.3
VXF Vanguard Extended Market ETF 0.5 5 38 3.7 -16.4
QDF FlexShares Quality Dividend Index Fund 0.4 37 6 5.3 -14.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 39 17.2 -2.9
VFH Vanguard Financials ETF 0.4 9 34 5.9 -14.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 34 3.7 -16.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 6 5.4 -14.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 28 3.7 -16.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 33 3.7 -16.5
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 25 3.7 -16.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -28 -0.6 -20.8
VB Vanguard Small-Cap ETF 0.4 5 38 5.2 -14.9
ETHO Etho Climate Leadership U.S. ETF 0.4 47 -4 4.1 -16.0
FEX First Trust Large Cap Core AlphaDEX Fund 0.4 59 -16 5.0 -15.1
RFV Invesco S&P Midcap 400 Pure Value ETF 0.4 35 8 10.7 -9.4
IYF iShares U.S. Financials ETF 0.4 40 3 5.4 -14.7
WSML iShares MSCI World Small-Cap ETF 0.4 15 28 5.3 -14.8
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 31 6.6 -13.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 39 15.6 -4.5
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 25 7.9 -12.2
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.3 15 28 8.0 -12.2
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 18 4.8 -15.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 10 33 8.0 -12.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -27 2.2 -17.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 23 3.9 -16.2
FESM Fidelity Enhanced Small Cap ETF 0.3 28 15 2.2 -17.9
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.3 15 28 7.5 -12.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 28 6.9 -13.3
OPTZ Optimize Strategy Index ETF 0.2 50 -7 3.5 -16.7
IWS iShares Russell Mid-Cap Value ETF 0.2 23 20 5.9 -14.2
STXV Strive 1000 Value ETF 0.2 18 25 6.6 -13.5
SMOX Horizon Small/Mid Cap Core Equity ETF 0.2 75 -32 5.4 -14.7
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 31 6.1 -14.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 23 6.1 -14.1
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 0.2 12 31 5.7 -14.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -21 1.3 -18.8
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 28 6.3 -13.9
IWR iShares Russell Midcap ETF 0.2 19 24 5.3 -14.8
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 20 6.0 -14.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.2 25 18 6.0 -14.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 40 6.2 -13.9
IJH iShares Core S&P Mid-Cap ETF 0.2 5 38 6.2 -13.9
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 36 6.2 -14.0
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 20 5.3 -14.9
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 28 6.6 -13.6
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 23 7.3 -12.8
PTL Inspire 500 ETF 0.1 9 34 4.6 -15.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 31 3.4 -16.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 14 5.6 -14.6
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 31 6.1 -14.1
SFGV Sequoia Global Value ETF 0.1 23 20 7.0 -13.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 18 6.0 -14.2
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 39 5.6 -14.6
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 26 6.4 -13.7
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 28 4.6 -15.5
PRF Invesco FTSE RAFI US 1000 ETF 0.1 34 9 5.4 -14.7
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 23 6.0 -14.1
SCHB Schwab U.S. Broad Market ETF 0.1 3 40 4.2 -15.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 8 6.5 -13.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 3 3.7 -16.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 4 7.8 -12.4
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 38 7.4 -12.8
IWD iShares Russell 1000 Value ETF 0.1 19 24 5.1 -15.0
VONV Vanguard Russell 1000 Value ETF 0.1 7 36 5.2 -14.9
REVS Columbia Research Enhanced Value ETF 0.1 19 24 6.3 -13.8
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 31 5.1 -15.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 34 4.8 -15.3
SCHK Schwab 1000 Index ETF 0.1 5 38 4.2 -15.9
VTI Vanguard Total Stock Market ETF 0.1 3 40 4.1 -16.0
SCHX Schwab U.S. Large-Cap ETF 0.1 3 40 4.3 -15.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 40 4.1 -16.0
IWV iShares Russell 3000 ETF 0.1 20 23 4.0 -16.1
VTHR Vanguard Russell 3000 ETF 0.1 7 36 4.1 -16.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 34 4.1 -16.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 32 4.1 -16.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 28 4.2 -15.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 8 4.3 -15.9
GLBL Pacer MSCI World Industry Advantage ETF 0.0 65 -22 3.4 -16.7
VONE Vanguard Russell 1000 ETF 0.0 7 36 4.2 -15.9
IWB iShares Russell 1000 ETF 0.0 15 28 4.2 -16.0
IYY iShares Dow Jones U.S. ETF 0.0 20 23 4.1 -16.1
RECS Columbia Research Enhanced Core ETF 0.0 15 28 5.2 -14.9
DIVB iShares Core Dividend ETF 0.0 5 38 6.3 -13.8
IWO iShares Russell 2000 Growth ETF 0.0 24 19 0.5 -19.6
VT Vanguard Total World Stock ETF 0.0 6 37 4.9 -15.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 22 3.0 -17.2
PKW Invesco Buyback Achievers ETF 0.0 62 -19 6.9 -13.3
RAUS RACWI US ETF 0.0 15 28 4.1 -16.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 37 2.8 -17.4
IUSV iShares Core S&P US Value ETF 0.0 4 39 5.7 -14.4
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 33 0.7 -19.5
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 31 3.9 -16.2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 40 4.4 -15.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 29 4.1 -16.0
EBI Longview Advantage ETF 0.0 35 8 5.8 -14.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 14.4 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 20.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 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.