- CUSIP
- 808524615
- Issuer
- Charles Schwab
- Inception Date
- Nov 18, 2024
- Region
- North America (U.S.)
- Category
- Mortgage Backed Securities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US MBS Float Adjusted Total Return Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Highlights
- Avg. Volume (1M)
- 469K
- Avg. Volume Value (1M)
- $11.79M
Share Price Chart
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Performance
SMBS Performance Chart
Schwab Mortgage-Backed Securities ETF (SMBS) is down 0.0% since the beginning of the year. SMBS is currently trading at $25 per share.
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Returns By Period
Schwab Mortgage-Backed Securities ETF (SMBS) has returned -0.04% so far this year and 3.52% over the past 12 months.
Schwab Mortgage-Backed Securities ETF
- 1D
- -0.32%
- 1M
- -1.03%
- 6M
- -0.57%
- YTD
- -0.04%
- 1Y
- 3.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.61%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SMBS Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2024, SMBS's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 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 51% 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% | 0.33% | 0.23% | 0.20% | -1.15% | -0.04% | |||||
| 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 | 1.36% | -1.49% | -0.16% |
Benchmark Metrics
Schwab Mortgage-Backed Securities ETF has an annualized alpha of 4.11%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since November 19, 2024.
- This ETF captured 14.50% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.17%) - a profile typical of hedging or uncorrelated 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
- 4.11%
- Beta
- 0.04
- R²
- 0.02
- Upside Capture
- 14.50%
- Downside Capture
- -2.17%
Expense Ratio
SMBS has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SMBS ranks 42 for risk / return — above 42% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Schwab Mortgage-Backed Securities ETF (SMBS) 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.
| SMBS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.00 | -0.44 |
| Martin ratioReturn relative to average drawdown | 4.53 | 8.49 | -3.96 |
Dividends
Dividend History
Schwab Mortgage-Backed Securities ETF provided a 4.76% dividend yield over the last twelve months, with an annual payout of $1.19 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.19 | $1.24 | $0.12 |
Dividend yield | 4.76% | 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 | $0.10 | $0.11 | $0.11 | $0.11 | $0.65 | |||||
| 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 2.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-3.20%Jan 2025 | 1mo 5d | 1mo 13d | 2mo 18dDec 2024 - Feb 2025 | — |
-2.83%May 2025 | 1mo 14d | 1mo 6d | 2mo 20dApr 2025 - Jun 2025 | 2025 selloff2025 |
-2.83%May 2026 | 2mo 18d | — | 5mo 4dMar 2026 - now | — |
-1.11%Jul 2025 | 14d | 17d | 1mo 1dJul 2025 - Aug 2025 | — |
-0.91%Nov 2025 | 7d | 20d | 27dOct 2025 - Nov 2025 | — |
Drawdown Indicators
| SMBS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -56.78% | +53.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -9.10% | +6.27% |
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 | -2.06% | -1.58% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -10.70% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.14% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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