PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) Alternatives
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) 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 PMBS. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to PMBS
PMBS charges 0.71% annually. Among ETFs in the Mortgage Backed Securities category, these options have the lowest expense ratios among PMBS alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | Jan 15, 2009 | PMBS vs SPMB | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | Nov 19, 2009 | PMBS vs VMBS | |
| iShares MBS Bond ETF | 0.06% | Mar 16, 2007 | PMBS vs MBB | |
| iShares GNMA Bond ETF | 0.15% | Feb 14, 2012 | PMBS vs GNMA | |
| FlexShares Disciplined Duration MBS Index Fund | 0.20% | Sep 4, 2014 | PMBS vs MBSD |
Best Risk-Adjusted Alternatives to PMBS
Among ETFs in the Mortgage Backed Securities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 97 | Nov 4, 2013 | PMBS vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 93 | Nov 4, 2014 | PMBS vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 92 | Feb 9, 2021 | PMBS vs VABS | |
| iShares CMBS ETF | 74 | Feb 14, 2012 | PMBS vs CMBS | |
| Vanguard Mortgage-Backed Securities ETF | 68 | Nov 19, 2009 | PMBS vs VMBS |
Top Performing PMBS Alternatives (YTD)
PMBS alternatives from the Mortgage Backed Securities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Virtus Newfleet ABS/MBS ETF | 0.75% | Feb 9, 2021 | PMBS vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 0.66% | Nov 4, 2014 | PMBS vs LMBS | |
| JPMorgan Mortgage-Backed Securities ETF | 0.59% | Aug 18, 2000 | PMBS vs JMTG | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.51% | Jan 15, 2009 | PMBS vs SPMB | |
| iShares MBS Bond ETF | 0.41% | Mar 16, 2007 | PMBS vs MBB |
Lowest Volatility Alternatives to PMBS
PMBS alternatives from the Mortgage Backed Securities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 1.97% | Nov 4, 2013 | PMBS vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | 2.23% | Feb 9, 2021 | PMBS vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 2.57% | Nov 4, 2014 | PMBS vs LMBS | |
| Eaton Vance Mortgage Opportunities ETF | 2.79% | Aug 4, 2025 | PMBS vs EVMO | |
| iShares Securitized Income Active ETF | 3.68% | Jan 26, 2026 | PMBS vs SECU |
Lowest Drawdown Alternatives to PMBS
PMBS alternatives from the Mortgage Backed Securities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.93% | Nov 4, 2013 | PMBS vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -1.05% | Feb 9, 2021 | PMBS vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | -1.72% | Nov 4, 2014 | PMBS vs LMBS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.22% | Sep 4, 2014 | PMBS vs MBSD | |
| iShares CMBS ETF | -2.44% | Feb 14, 2012 | PMBS vs CMBS |
Other ETFs from PIMCO
Most popular PIMCO ETFs on PortfoliosLab, across asset classes.
Often Compared With PMBS
What investors most often compare with PMBS, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| WisdomTree Mortgage Plus Bond Fund | Mortgage Backed Securities, Actively Managed | 57 | 0.16% | Nov 14, 2019 | PMBS vs MTGP | |
| Janus Henderson Mortgage-Backed Securities ETF | Mortgage Backed Securities, Actively Managed | 65 | 0.19% | Sep 12, 2018 | PMBS vs JMBS | |
| First Trust TCW Securitized Plus ETF | Mortgage Backed Securities, Actively Managed | 61 | -0.19% | Apr 29, 2020 | PMBS vs DEED |
Compare PMBS with Any Fund or Stock
Compare PMBS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.