PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
FlexShares Disciplined Duration MBS Index Fund (MB...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

FlexShares Disciplined Duration MBS Index Fund (MBSD)

ETF · Currency in USD · Last updated May 31, 2025

MBSD is a passive ETF by Northern Trust tracking the investment results of the ICE BofA Constrained Duration US Mortgage Backed Securities. MBSD launched on Sep 4, 2014 and has a 0.20% expense ratio.

ETF Info

ISIN

US33939L7799

CUSIP

33939L779

Issuer

Northern Trust

Inception Date

Sep 4, 2014

Region

North America (U.S.)

Category

Mortgage Backed Securities

Leveraged

1x

Index Tracked

ICE BofA Constrained Duration US Mortgage Backed Securities

Asset Class

Bond

Expense Ratio

MBSD has an expense ratio of 0.20%, which is considered low.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FlexShares Disciplined Duration MBS Index Fund

Popular comparisons:
MBSD vs. MBB MBSD vs. VRIG MBSD vs. SPMB MBSD vs. GSST MBSD vs. FBND MBSD vs. AGZD MBSD vs. SCHR
Popular comparisons:
MBSD vs. MBB MBSD vs. VRIG MBSD vs. SPMB MBSD vs. GSST MBSD vs. FBND MBSD vs. AGZD MBSD vs. SCHR

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

FlexShares Disciplined Duration MBS Index Fund (MBSD) returned 2.43% year-to-date (YTD) and 5.59% over the past 12 months. Over the past 10 years, MBSD returned 1.13% annually, underperforming the S&P 500 benchmark at 10.85%.

MBSD

YTD

2.43%

1M

-0.69%

6M

1.35%

1Y

5.59%

3Y*

1.93%

5Y*

-0.24%

10Y*

1.13%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of MBSD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.47%2.17%0.01%0.47%-0.69%2.43%
20240.19%-1.13%0.61%-1.76%1.54%0.71%2.26%1.17%0.86%-2.00%0.99%-1.06%2.30%
20232.04%-1.83%1.73%0.17%-0.62%-0.02%-0.06%-0.12%-2.25%-0.43%3.22%2.71%4.46%
2022-1.18%-1.14%-2.34%-2.63%0.70%-0.93%1.83%-2.20%-3.76%-0.66%3.04%-0.45%-9.49%
2021-0.25%0.15%-0.11%-0.27%-0.19%-0.12%0.43%-0.09%-0.24%0.00%-0.38%-0.34%-1.40%
20200.94%1.28%-0.45%1.70%0.71%0.03%0.50%-0.01%0.12%-0.11%0.35%0.26%5.43%
20190.92%0.17%1.17%0.00%1.00%0.78%0.60%0.85%-0.13%0.31%0.30%-0.06%6.05%
2018-0.59%-0.15%0.67%-0.72%0.11%-0.31%0.41%0.46%-0.76%-0.03%0.52%0.71%0.32%
20170.08%0.17%-0.27%0.69%0.44%-0.57%0.64%0.55%-0.44%-0.20%0.19%-0.42%0.86%
20160.77%0.03%-0.21%0.45%0.30%0.57%0.28%0.08%0.33%-0.19%-1.60%-0.24%0.54%
20150.52%0.48%-0.11%0.34%0.23%-0.72%0.20%0.13%0.33%-0.11%-0.19%0.77%1.88%
20140.20%0.60%0.62%-0.22%1.20%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 75, MBSD is among the top 25% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of MBSD is 7575
Overall Rank
The Sharpe Ratio Rank of MBSD is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of MBSD is 8282
Sortino Ratio Rank
The Omega Ratio Rank of MBSD is 7777
Omega Ratio Rank
The Calmar Ratio Rank of MBSD is 6969
Calmar Ratio Rank
The Martin Ratio Rank of MBSD is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

FlexShares Disciplined Duration MBS Index Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 1.03
  • 5-Year: -0.05
  • 10-Year: 0.26
  • All Time: 0.30

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of FlexShares Disciplined Duration MBS Index Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

FlexShares Disciplined Duration MBS Index Fund provided a 3.97% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 3 consecutive years.

0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.81$0.79$0.70$0.62$0.56$0.67$0.80$0.74$0.78$0.73$0.86$0.21

Dividend yield

3.97%3.91%3.39%3.03%2.41%2.78%3.42%3.22%3.30%3.02%3.46%0.83%

Monthly Dividends

The table displays the monthly dividend distributions for FlexShares Disciplined Duration MBS Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.06$0.06$0.06$0.07$0.26
2024$0.00$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.19$0.79
2023$0.00$0.05$0.05$0.06$0.06$0.06$0.05$0.06$0.06$0.06$0.05$0.15$0.70
2022$0.00$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.11$0.62
2021$0.00$0.07$0.06$0.06$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.56
2020$0.00$0.06$0.06$0.06$0.06$0.05$0.05$0.05$0.05$0.05$0.05$0.12$0.67
2019$0.00$0.07$0.07$0.07$0.08$0.09$0.09$0.05$0.06$0.06$0.06$0.11$0.80
2018$0.00$0.07$0.06$0.06$0.06$0.06$0.06$0.05$0.05$0.06$0.07$0.14$0.74
2017$0.00$0.06$0.06$0.07$0.07$0.07$0.07$0.06$0.06$0.06$0.07$0.13$0.78
2016$0.00$0.04$0.06$0.06$0.06$0.07$0.06$0.06$0.06$0.06$0.06$0.13$0.73
2015$0.00$0.07$0.05$0.05$0.06$0.06$0.06$0.05$0.06$0.06$0.06$0.26$0.86
2014$0.06$0.06$0.08$0.21

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the FlexShares Disciplined Duration MBS Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the FlexShares Disciplined Duration MBS Index Fund was 14.36%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current FlexShares Disciplined Duration MBS Index Fund drawdown is 2.57%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.36%Feb 3, 2021433Oct 20, 2022———
-3.08%Nov 4, 201627Dec 16, 2016529Feb 15, 2019556
-2.98%Mar 10, 20208Mar 19, 202025Apr 24, 202033
-2.1%Jan 21, 201643Mar 24, 201670Jul 5, 2016113
-1.97%Aug 25, 20152Aug 26, 201588Jan 14, 201690
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...