BINC vs. MBSF

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Flexible Income Active ETF (BINC) and Regan Floating Rate MBS ETF (MBSF).

BINC and MBSF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BINC is an actively managed fund by iShares. It was launched on May 19, 2023. MBSF is an actively managed fund by Regan. It was launched on Feb 27, 2024.

Performance

BINC vs. MBSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Flexible Income Active ETF (BINC) and Regan Floating Rate MBS ETF (MBSF). The values are adjusted to include any dividend payments, if applicable.

BINC vs. MBSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BINC iShares Flexible Income Active ETF	-0.78%	7.57%	5.70%
MBSF Regan Floating Rate MBS ETF	0.43%	5.85%	5.71%

Returns By Period

In the year-to-date period, BINC achieves a -0.78% return, which is significantly lower than MBSF's 0.43% return.

BINC

• 1D: 0.33%
• 1M: -2.11%
• YTD: -0.78%
• 6M: 0.65%
• 1Y: 5.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MBSF

• 1D: -0.55%
• 1M: -0.56%
• YTD: 0.43%
• 6M: 2.43%
• 1Y: 4.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BINC vs. MBSF - Expense Ratio Comparison

BINC has a 0.40% expense ratio, which is lower than MBSF's 0.49% expense ratio.

MBSF

Regan Floating Rate MBS ETF

BINC

iShares Flexible Income Active ETF

Return for Risk

BINC vs. MBSF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BINC

BINC Risk / Return Rank: 84
BINC Sharpe Ratio Rank: 87
BINC Sortino Ratio Rank: 87
BINC Omega Ratio Rank: 91
BINC Calmar Ratio Rank: 76
BINC Martin Ratio Rank: 79

MBSF

MBSF Risk / Return Rank: 89
MBSF Sharpe Ratio Rank: 83
MBSF Sortino Ratio Rank: 89
MBSF Omega Ratio Rank: 77
MBSF Calmar Ratio Rank: 98
MBSF Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BINC vs. MBSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and Regan Floating Rate MBS ETF (MBSF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BINC	MBSF	Difference
Sharpe ratio Return per unit of total volatility	1.74	1.62	+0.12
Sortino ratio Return per unit of downside risk	2.29	2.50	-0.21
Omega ratio Gain probability vs. loss probability	1.38	1.29	+0.09
Calmar ratio Return relative to maximum drawdown	1.91	6.21	-4.30
Martin ratio Return relative to average drawdown	7.93	17.78	-9.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BINC vs. MBSF - Sharpe Ratio Comparison

The current BINC Sharpe Ratio is 1.74, which is comparable to the MBSF Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of BINC and MBSF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BINC	MBSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.62	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	2.28	1.70	+0.59

Correlation

The correlation between BINC and MBSF is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BINC vs. MBSF - Dividend Comparison

BINC's dividend yield for the trailing twelve months is around 5.91%, more than MBSF's 4.65% yield.

	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.91%	5.86%	6.14%	3.13%
MBSF Regan Floating Rate MBS ETF	4.65%	4.71%	4.14%	0.00%

Drawdowns

BINC vs. MBSF - Drawdown Comparison

The maximum BINC drawdown since its inception was -2.69%, which is greater than MBSF's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for BINC and MBSF.

Drawdown Indicators

	BINC	MBSF	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-0.97%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-0.79%	-1.90%
Current Drawdown Current decline from peak	-2.14%	-0.79%	-1.35%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.23%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.28%	+0.37%

Volatility

BINC vs. MBSF - Volatility Comparison

The current volatility for iShares Flexible Income Active ETF (BINC) is 1.25%, while Regan Floating Rate MBS ETF (MBSF) has a volatility of 1.38%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than MBSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BINC	MBSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.38%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	2.28%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	2.94%	3.08%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.03%	3.41%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.03%	3.41%	-0.38%