The above numbers actually overstate the performance of mortgage REITs due to a survivorship bias. The total return since 2007 inception of the iShares Mortgage Real Estate Capped ETF (REM) is -56% compared to a +74% return for the Vanguard Total Bond Market Index Fund (VBMFX)
Mortgage REITs attract investors by paying high dividend yields, but the benefit has been offset over time by falling asset values.
Topics:
- Historical Returns
- Historical Volatility
- Expense Ratios
- Discounts
- Investment Considerations
Historical Returns
These tables measure NAV performance since IPO (or other launch) rather than