CMBS vs. NSCI
CMBS (iShares CMBS ETF) and NSCI (Nuveen Securitized Income ETF) are both Mortgage Backed Securities funds. CMBS is passively managed, while NSCI is actively managed. Their 0.37 correlation means their historical movements had little consistent relationship. CMBS charges 0.25%/yr vs 0.38%/yr for NSCI.
Performance
CMBS vs. NSCI - Performance Comparison
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Returns By Period
In the year-to-date period, CMBS achieves a 0.13% return, which is significantly lower than NSCI's 2.60% return.
CMBS
- 1D
- -0.13%
- 1M
- -0.58%
- 6M
- -0.36%
- YTD
- 0.13%
- 1Y
- 2.80%
- 3Y*
- 5.28%
- 5Y*
- 0.51%
- 10Y*
- 1.89%
- ALL TIME*
- 2.34%
NSCI
- 1D
- 0.02%
- 1M
- 0.26%
- 6M
- 2.02%
- YTD
- 2.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CMBS iShares CMBS ETF | $1.21M | $1.22M | $1.73M |
| $1.88M | $1.55M | $1.01M |
CMBS vs. NSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMBS iShares CMBS ETF | 0.13% | 1.35% |
NSCI Nuveen Securitized Income ETF | 2.60% | 1.66% |
Correlation
The correlation between CMBS and NSCI is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.37 |
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Return for Risk
CMBS vs. NSCI — Risk / Return Rank
CMBS
NSCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMBS vs. NSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares CMBS ETF (CMBS) and Nuveen Securitized Income ETF (NSCI). 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.
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.
| CMBS | NSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | — | — |
| Martin ratioReturn relative to average drawdown | 2.66 | — | — |
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Drawdowns
CMBS vs. NSCI - Drawdown Comparison
The maximum CMBS drawdown since its inception was -15.87%, which is greater than NSCI's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for CMBS and NSCI.
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Drawdown Indicators
| CMBS | NSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -1.10% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -0.02% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -0.16% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | — | — |
Volatility
CMBS vs. NSCI - Volatility Comparison
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Volatility by Period
| CMBS | NSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 1.30% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 1.30% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 1.30% | +4.46% |
CMBS vs. NSCI - Expense Ratio Comparison
CMBS has a 0.25% expense ratio, which is lower than NSCI's 0.38% expense ratio.
Dividends
CMBS vs. NSCI - Dividend Comparison
CMBS's dividend yield for the trailing twelve months is around 3.63%, less than NSCI's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | 3.63% | 3.45% | 3.31% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.29% | 2.31% |
NSCI Nuveen Securitized Income ETF | 3.85% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMBS and NSCI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMBS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMBS is cheaper with a 0.25% expense ratio, compared with 0.38% for NSCI.
NSCI has the higher dividend yield at 3.85%, compared with 3.63% for CMBS.
They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.25% for CMBS and 0.38% for NSCI.
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