Mortgage REIT Stocks
Top 10 of 25 MORT holdings, updated
As of 12 October 2026, mortgage REIT stocks are among the weakest groups in the market, well behind the S&P 500. MORT trails the S&P 500 by 16.3 points over one month and ranks #114 of 115 groups Zensei tracks. 13 of the 25 mortgage REIT stocks Zensei prices in MORT beat the fund this month.
Where mortgage REIT stocks stand now
As of 12 October 2026, Mortgage REITs (MORT) ranks #114 of the 115 groups Zensei tracks by one-month return against the S&P 500, among the market's weakest pockets. It is out of favor: it trails the S&P 500 on both rotation windows — 16.3 points behind over the past month and 7.1 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, MORT's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. MORT's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via VanEck Mortgage REIT Income ETF, whose 25 tracked holdings are led by Annaly Capital Management Inc, Agnc Investment Corp and Starwood Property Trust Inc. Weighted by portfolio, the fund's holdings trade at roughly 5.7× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top mortgage REIT stocks right now
The largest mortgage REIT stocks by weight in MORT, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of MORT
- 1Annaly Capital Management IncNLY17.9%
- 2Agnc Investment CorpAGNC14.4%
- 3Starwood Property Trust IncSTWD6.3%
- 4Rithm Capital CorpRITM6.0%
- 5Dynex Capital IncDX5.1%
Strongest this month
1-month return, holdings Zensei prices
- 1Apollo Commercial Real Estate Finance IncARI−4.8%
- 2Ladder Capital CorpLADR−6.9%
- 3Ellington Financial IncEFC−8.2%
- 4Chicago Atlantic Real Estate Finance IncREFI−8.8%
- 5Redwood Trust IncRWT−9.8%
Mortgage REIT Stocks vs the S&P 500
Over the week to 12 October 2026, MORT fell 1.4% while the S&P 500 rose 0.4%. MORT and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means MORT won that window.
Prices as of · computed from daily adjusted closes · how we measure
Mortgage REITs on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are mortgage REIT stocks expensive?
The price-to-earnings ratio of MORT as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
MORT holdings: the mortgage REIT stocks inside
As of 12 October 2026, 13 of the 25 mortgage REIT stocks Zensei prices in MORT beat the fund over the past month. 0 of them beat the S&P 500. The strongest is Apollo Commercial Real Estate Finance Inc (ARI); the weakest is Arbor Realty Trust Inc (ABR). Inside the fund, most holdings move the same way.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | NLYAnnaly Capital Management Inc | 17.9% | −13.2% | −15.6% | +1.1 pts | Strong | Strong |
| 2 | AGNCAgnc Investment Corp | 14.4% | −13.4% | −18.2% | +0.9 pts | Weak | Strong |
| 3 | STWDStarwood Property Trust Inc | 6.3% | −17.0% | −21.2% | −2.7 pts | Weak | Broken |
| 4 | RITMRithm Capital Corp | 6.0% | −9.9% | −3.3% | |||
| 5 | DXDynex Capital Inc | 5.1% | −11.7% | −12.6% | |||
| 6 | EFCEllington Financial Inc | 4.7% | −8.2% | −10.3% | |||
| 7 | ARRArmour Residential REIT Inc | 4.5% | −11.6% | −14.8% | |||
| 8 | BXMTBlackstone Mortgage Trust Inc | 4.2% | −15.5% | −32.9% | |||
| 9 | ORCOrchid Island Capital Inc | 4.2% | −18.6% | −21.0% | |||
| 10 | LADRLadder Capital Corp | 3.6% | −6.9% | −7.9% |
All 25 MORT holdings by weight: Annaly Capital Management Inc (NLY) 17.9%, Agnc Investment Corp (AGNC) 14.4%, Starwood Property Trust Inc (STWD) 6.3%, Rithm Capital Corp (RITM) 6.0%, Dynex Capital Inc (DX) 5.1%, Ellington Financial Inc (EFC) 4.7%, Armour Residential REIT Inc (ARR) 4.5%, Blackstone Mortgage Trust Inc (BXMT) 4.2%, Orchid Island Capital Inc (ORC) 4.2%, Ladder Capital Corp (LADR) 3.6%, Mfa Financial Inc (MFA) 2.9%, Chimera Investment Corp (CIM) 2.7%, Invesco Mortgage Capital Inc (IVR) 2.6%, Adamas Trust Inc (ADAM) 2.5%, Apollo Commercial Real Estate Finance Inc (ARI) 2.4%, Arbor Realty Trust Inc (ABR) 2.3%, Pennymac Mortgage Investment Trust (PMT) 2.1%, Tpg Re Finance Trust Inc (TRTX) 1.8%, Franklin Bsp Realty Trust Inc (FBRT) 1.8%, Brightspire Capital Inc (BRSP) 1.7%, Redwood Trust Inc (RWT) 1.4%, Kkr Real Estate Finance Trust Inc (KREF) 1.1%, Chicago Atlantic Real Estate Finance Inc (REFI) 1.1%, Ares Commercial Real Estate Corp (ACRE) 0.8%, Ready Capital Corp (RC) 0.7%.
Mortgage REIT Stocks: common questions
What are the top 3 mortgage REIT stocks?
As of 12 October 2026, the three largest mortgage REIT stocks in MORT by fund weight are Annaly Capital Management Inc (NLY) (17.9%), Agnc Investment Corp (AGNC) (14.4%) and Starwood Property Trust Inc (STWD) (6.3%). Fund weight shows size inside the fund, not a recommendation.
Which mortgage REIT stocks are beating the sector?
As of 12 October 2026, 13 of the 25 mortgage REIT stocks Zensei prices in MORT beat the fund over the past month. The strongest over the past month is Apollo Commercial Real Estate Finance Inc (ARI). The list above shows every holding with its weight and returns.
Are mortgage REIT stocks outperforming the S&P 500?
No. As of 12 October 2026, MORT trails the S&P 500 by 16.3 points over the past month.
Is it a good time to invest in mortgage REIT stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, mortgage REIT stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is MORT?
MORT is VanEck Mortgage REIT Income ETF. Zensei uses it to measure mortgage REIT stocks against the S&P 500 (SPY).
What stocks does MORT own?
As of 12 October 2026, the largest of the 25 positions Zensei tracks in MORT are Annaly Capital Management Inc, Agnc Investment Corp, Starwood Property Trust Inc, Rithm Capital Corp, Dynex Capital Inc. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is mortgage reits in right now?
As of 12 October 2026, mortgage reits is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: among the weakest
Related sectors
Track mortgage reits against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.