Simplify MBS ETF (MTBA) belongs to the Mortgage Backed Securities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MTBA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MTBA
MTBA charges 0.15% annually. There are 4 ETFs in the Mortgage Backed Securities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Mortgage-Backed Securities ETF | 0.03% | — | Nov 2024 | MTBA vs SMBS | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | 17.10B | Nov 2009 | MTBA vs VMBS | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | 7.01B | Jan 2009 | MTBA vs SPMB | |
| iShares MBS Bond ETF | 0.06% | 39.27B | Mar 2007 | MTBA vs MBB | |
| iShares GNMA Bond ETF | 0.15% | 425.03M | Feb 2012 | MTBA vs GNMA |
Best Risk-Adjusted Alternatives to MTBA
MTBA has a PortfoliosLab risk / return rank of 40. There are 12 ETFs in the Mortgage Backed Securities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 96 | 297.39M | Nov 2013 | MTBA vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 91 | 6.35B | Nov 2014 | MTBA vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 80 | 112.35M | Feb 2021 | MTBA vs VABS | |
| First Trust TCW Securitized Plus ETF | 49 | 78.78M | Apr 2020 | MTBA vs DEED | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | 48 | — | Jul 1997 | MTBA vs PMBS |
Top Performing MTBA Alternatives (YTD)
MTBA is at -0.33% YTD. There are 20 ETFs in the Mortgage Backed Securities category with higher YTD returns, going as high as 6.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Regan Fixed Rate MBS ETF | 6.03% | 13.94M | Apr 2025 | MTBA vs MBSX | |
| Nuveen Securitized Income ETF | 2.21% | 178.50M | Sep 2025 | MTBA vs NSCI | |
| Virtus Newfleet ABS/MBS ETF | 1.78% | 112.35M | Feb 2021 | MTBA vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.33% | 6.35B | Nov 2014 | MTBA vs LMBS | |
| Franklin Short Duration U.S. Government ETF | 1.10% | 297.39M | Nov 2013 | MTBA vs FTSD |
Lowest Volatility Alternatives to MTBA
MTBA has 3.12% 1-year volatility. There are 7 ETFs in the Mortgage Backed Securities category with lower 1-year volatility, going as low as 1.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Securitized Income ETF | 1.28% | 178.50M | Sep 2025 | MTBA vs NSCI | |
| Franklin Short Duration U.S. Government ETF | 1.36% | 297.39M | Nov 2013 | MTBA vs FTSD | |
| American Century Securitized Credit ETF | 1.44% | 19.95M | May 2026 | MTBA vs ASEC | |
| Virtus Newfleet ABS/MBS ETF | 1.95% | 112.35M | Feb 2021 | MTBA vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.96% | 6.35B | Nov 2014 | MTBA vs LMBS |
Lowest Drawdown Alternatives to MTBA
MTBA has a 1-year max drawdown of -2.82%. There are 10 ETFs in the Mortgage Backed Securities category with shallower 1-year drawdowns, going as shallow as -0.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.45% | 297.39M | Nov 2013 | MTBA vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -0.98% | 112.35M | Feb 2021 | MTBA vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | -1.43% | 6.35B | Nov 2014 | MTBA vs LMBS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.17% | 89.04M | Sep 2014 | MTBA vs MBSD | |
| iShares CMBS ETF | -2.44% | 473.70M | Feb 2012 | MTBA vs CMBS |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 16 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 27 | 2.12% | 538.77M | May 2021 | MTBA vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 9 | 0.33% | 1.51B | Mar 2022 | MTBA vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 76 | 5.68% | 300.35M | Nov 2021 | MTBA vs HEQT | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 95 | 2.36% | 474.96M | Oct 2022 | MTBA vs BUCK | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 1 | -36.84% | 25.97M | Sep 2022 | MTBA vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 6 | -0.95% | 167.19M | May 2021 | MTBA vs PFIX | |
| Simplify High Yield ETF | High Yield Bonds | 6 | -2.68% | 387.11M | Feb 2022 | MTBA vs CDX | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.37% | 71.03M | Oct 2022 | MTBA vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 45 | 0.00% | 570.38M | Feb 2022 | MTBA vs AGGH | |
| Simplify Gold Strategy PLUS Income ETF | Gold, Leveraged Commodities, Precious Metals | 12 | -20.87% | 37.25M | Dec 2024 | MTBA vs YGLD |
Often Compared With MTBA
Investors most often compare MTBA with RSST, JMBS, IRONX. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.
Compare MTBA with Any Fund or Stock
Compare MTBA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MTBA with funds that move differently
Simplify MBS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MTBA.
Explore MTBA Diversifiers