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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab Mortgage-Backed Securities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Schwab Mortgage-Backed Securities ETF (SMBS) has returned 0.36% so far this year and 5.33% over the past 12 months.
Schwab Mortgage-Backed Securities ETF
- 1D
- 0.20%
- 1M
- -1.67%
- YTD
- 0.36%
- 6M
- 1.92%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 19, 2024, SMBS's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, your investment would double in approximately 11.8 years.
Historically, 76% of months were positive and 24% were negative. The best month was Feb 2025 with a return of +2.5%, while the worst month was Mar 2026 at -1.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, SMBS closed higher 52% of trading days. The best single day was Jan 15, 2025 with a return of +1.1%, while the worst single day was Apr 7, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.53% | 1.53% | -1.67% | 0.36% | |||||||||
| 2025 | 0.41% | 2.51% | 0.12% | 0.28% | -1.03% | 1.81% | -0.56% | 1.58% | 1.26% | 0.85% | 0.60% | 0.09% | 8.15% |
| 2024 | 1.44% | -1.49% | -0.07% |
Benchmark Metrics
Schwab Mortgage-Backed Securities ETF has an annualized alpha of 6.17%, beta of 0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 20, 2024.
- This ETF captured 22.64% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.05%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R² of 0.01 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 0.01 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
- 6.17%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 22.64%
- Downside Capture
- -9.05%
Expense Ratio
SMBS has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SMBS ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab Mortgage-Backed Securities ETF (SMBS) and compare them to a chosen benchmark (S&P 500 Index).
| SMBS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.90 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.39 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.40 | +0.54 |
Martin ratioReturn relative to average drawdown | 5.61 | 6.61 | -1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SMBS risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Schwab Mortgage-Backed Securities ETF provided a 4.80% dividend yield over the last twelve months, with an annual payout of $1.23 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.23 | $1.24 | $0.12 |
Dividend yield | 4.80% | 4.83% | 0.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Mortgage-Backed Securities 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 | $0.00 | $0.11 | $0.11 | $0.22 | |||||||||
| 2025 | $0.00 | $0.13 | $0.10 | $0.10 | $0.03 | $0.11 | $0.11 | $0.12 | $0.11 | $0.11 | $0.12 | $0.21 | $1.24 |
| 2024 | $0.12 | $0.12 |
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 Schwab Mortgage-Backed Securities 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 Schwab Mortgage-Backed Securities ETF was 3.20%, occurring on Jan 13, 2025. Recovery took 29 trading sessions.
The current Schwab Mortgage-Backed Securities ETF drawdown is 1.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.2% | Dec 9, 2024 | 23 | Jan 13, 2025 | 29 | Feb 25, 2025 | 52 |
| -2.83% | Apr 7, 2025 | 32 | May 21, 2025 | 24 | Jun 26, 2025 | 56 |
| -2.53% | Mar 2, 2026 | 19 | Mar 26, 2026 | — | — | — |
| -1.11% | Jul 1, 2025 | 10 | Jul 15, 2025 | 13 | Aug 1, 2025 | 23 |
| -0.91% | Oct 29, 2025 | 6 | Nov 5, 2025 | 14 | Nov 25, 2025 | 20 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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