- ISIN
- US72201R5697
- CUSIP
- 72201R569
- Issuer
- PIMCO
- Inception Date
- Jul 31, 1997
- Category
- Mortgage Backed Securities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PMBS Performance Chart
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is up 1.3% since the beginning of the year. PMBS is currently trading at $49 per share.
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Returns By Period
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) has returned 1.26% so far this year and 7.04% over the past 12 months.
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund
- 1D
- 0.60%
- 1M
- 0.47%
- YTD
- 1.26%
- 6M
- 1.57%
- 1Y
- 7.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
PMBS Monthly Returns History
Based on dividend-adjusted daily data since Sep 23, 2024, PMBS's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 73% of months were positive and 27% were negative. The best month was Feb 2025 with a return of +2.6%, while the worst month was Oct 2024 at -2.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PMBS closed higher 51% of trading days. The best single day was Jan 15, 2025 with a return of +1.0%, while the worst single day was Apr 7, 2025 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.78% | 1.69% | -1.84% | 0.37% | 0.17% | 0.11% | 1.26% | ||||||
| 2025 | 0.50% | 2.63% | 0.04% | 0.02% | -0.80% | 1.93% | -0.27% | 1.72% | 1.09% | 0.82% | 0.64% | 0.31% | 8.92% |
| 2024 | -0.21% | -2.75% | 1.51% | -1.34% | -2.80% |
Benchmark Metrics
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund has an annualized alpha of 3.62%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 23, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.75%) than losses (6.92%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.02 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 0.02 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
- 0.04
- R²
- 0.02
- Upside Capture
- 14.75%
- Downside Capture
- 6.92%
Expense Ratio
PMBS has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMBS ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) 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.
| PMBS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.52 | -0.13 |
| Martin ratioReturn relative to average drawdown | 7.79 | 11.31 | -3.52 |
Dividends
Dividend History
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund provided a 4.97% dividend yield over the last twelve months, with an annual payout of $2.45 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.45 | $2.35 | $0.76 |
Dividend yield | 4.97% | 4.73% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund. 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 | $0.00 | $0.20 | $0.20 | $0.20 | $0.19 | $0.19 | $0.98 | ||||||
| 2025 | $0.00 | $0.15 | $0.15 | $0.18 | $0.20 | $0.20 | $0.20 | $0.20 | $0.23 | $0.22 | $0.22 | $0.40 | $2.35 |
| 2024 | $0.26 | $0.50 | $0.76 |
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 PIMCO Mortgage-Backed Securities Active Exchange-Traded 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 PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund was 4.35%, occurring on Jan 13, 2025. Recovery took 32 trading sessions.
The current PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund drawdown is 1.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -4.35%Jan 2025 | 3mo 13d | 1mo 16d | 4mo 29dOct 2024 - Feb 2025 |
2025 selloff2025 | -3.04%Apr 2025 | 4d | 2mo 16d | 2mo 20dApr 2025 - Jun 2025 |
2026 pullback2026 | -2.97%May 2026 | 2mo 18d | — | 3mo 12dMar 2026 - now |
2025 pullback2025 | -1.06%Jul 2025 | 14d | 17d | 1mo 1dJul 2025 - Aug 2025 |
2025 pullback2025 | -0.88%Nov 2025 | 7d | 20d | 27dOct 2025 - Nov 2025 |
Drawdown Indicators
| PMBS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -56.78% | +52.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -9.10% | +6.13% |
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 | -1.20% | -2.83% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -10.72% | +9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.02% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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