- Issuer
- Simplify
- Inception Date
- Nov 6, 2023
- Region
- North America (U.S.)
- Category
- Mortgage Backed Securities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 124K
- Avg. Volume Value (1M)
- $6.04M
Share Price Chart
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Performance
MTBA Performance Chart
Simplify MBS ETF (MTBA) is down 0.5% since the beginning of the year. MTBA is currently trading at $49 per share.
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Returns By Period
Simplify MBS ETF (MTBA) has returned -0.45% so far this year and 2.79% over the past 12 months.
Simplify MBS ETF
- 1D
- 0.19%
- 1M
- -0.64%
- 6M
- -0.81%
- YTD
- -0.45%
- 1Y
- 2.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.70%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
MTBA Monthly Returns History
Based on dividend-adjusted daily data since Nov 7, 2023, MTBA's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 76% of months were positive and 24% were negative. The best month was Dec 2023 with a return of +2.0%, while the worst month was Oct 2024 at -2.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MTBA closed higher 55% of trading days. The best single day was Apr 17, 2024 with a return of +1.2%, while the worst single day was Apr 10, 2024 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 0.91% | -1.80% | 0.24% | 0.14% | 0.26% | -0.86% | 0.19% | -0.45% | ||||
| 2025 | 0.48% | 1.69% | 0.24% | 0.32% | -0.36% | 1.45% | -0.12% | 1.55% | 0.60% | 0.55% | 0.71% | 0.38% | 7.74% |
| 2024 | 0.02% | -1.07% | 1.01% | -2.04% | 1.81% | 0.67% | 1.83% | 1.02% | 0.84% | -2.29% | 1.22% | -0.94% | 1.99% |
| 2023 | 1.60% | 2.04% | 3.67% |
Benchmark Metrics
Simplify MBS ETF has an annualized alpha of 3.62%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since November 07, 2023.
- This ETF participated in 20.02% of S&P 500 Index downside but only 18.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.62%
- Beta
- 0.05
- R²
- 0.04
- Upside Capture
- 18.03%
- Downside Capture
- 20.02%
Expense Ratio
MTBA has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
MTBA ranks 33 for risk / return — above 33% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Simplify MBS ETF (MTBA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MTBA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.41 | -1.42 |
| Martin ratioReturn relative to average drawdown | 2.76 | 10.22 | -7.47 |
Dividends
Dividend History
Simplify MBS ETF provided a 6.07% dividend yield over the last twelve months, with an annual payout of $2.95 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.95 | $3.02 | $3.00 | $0.25 |
Dividend yield | 6.07% | 5.98% | 6.03% | 0.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Simplify MBS ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.25 | $0.25 | $0.24 | $0.24 | $0.24 | $0.23 | $0.23 | $0.00 | $1.68 | ||||
| 2025 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.27 | $3.02 |
| 2024 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $3.00 |
| 2023 | $0.25 | $0.25 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Simplify MBS ETF. 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 Simplify MBS ETF was 3.48%, occurring on Jan 13, 2025. Recovery took 54 trading sessions.
The current Simplify MBS ETF drawdown is 1.82%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-3.48%Jan 2025 | 3mo 28d | 2mo 18d | 6mo 16dSep 2024 - Apr 2025 | — |
-2.82%May 2026 | 2mo 18d | — | 5mo 5dMar 2026 - now | — |
-2.55%Apr 2024 | 2mo 14d | 1mo 20d | 4mo 4dFeb 2024 - Jun 2024 | — |
-1.82%Apr 2025 | 4d | 2mo 13d | 2mo 17dApr 2025 - Jun 2025 | 2025 selloff2025 |
-1.10%Jan 2024 | 27d | 8d | 1mo 5dDec 2023 - Feb 2024 | — |
Drawdown Indicators
| MTBA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -56.78% | +53.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -9.10% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.12% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -10.70% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.14% | -1.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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