CMBS vs. SECU
CMBS (iShares CMBS ETF) and SECU (iShares Securitized Income Active ETF) are both Mortgage Backed Securities funds from iShares. CMBS is passively managed, while SECU is actively managed. At a 0.35 correlation, their price movements are largely independent. CMBS charges 0.25%/yr vs 0.40%/yr for SECU.
Performance
CMBS vs. SECU - Performance Comparison
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Returns By Period
CMBS
- 1D
- -0.04%
- 1M
- -0.05%
- YTD
- 0.14%
- 6M
- 0.28%
- 1Y
- 4.26%
- 3Y*
- 5.15%
- 5Y*
- 0.79%
- 10Y*
- 2.06%
SECU
- 1D
- -0.10%
- 1M
- 0.47%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMBS vs. SECU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CMBS iShares CMBS ETF | -0.12% |
SECU iShares Securitized Income Active ETF | 1.33% |
Correlation
The correlation between CMBS and SECU is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026 | 0.35 |
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Return for Risk
CMBS vs. SECU — Risk / Return Rank
CMBS
SECU
CMBS vs. SECU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares CMBS ETF (CMBS) and iShares Securitized Income Active ETF (SECU). 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.
| CMBS | SECU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | — | — |
| Martin ratioReturn relative to average drawdown | 4.90 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMBS | SECU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.15 | -0.71 |
Drawdowns
CMBS vs. SECU - Drawdown Comparison
The maximum CMBS drawdown since its inception was -15.87%, which is greater than SECU's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for CMBS and SECU.
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Drawdown Indicators
| CMBS | SECU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -1.76% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.10% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -0.56% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | — | — |
Volatility
CMBS vs. SECU - Volatility Comparison
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Volatility by Period
| CMBS | SECU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.34% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 3.34% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 3.34% | +2.43% |
CMBS vs. SECU - Expense Ratio Comparison
CMBS has a 0.25% expense ratio, which is lower than SECU's 0.40% expense ratio.
Dividends
CMBS vs. SECU - Dividend Comparison
CMBS's dividend yield for the trailing twelve months is around 3.58%, more than SECU's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | 3.58% | 3.45% | 3.31% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.29% | 2.31% |
SECU iShares Securitized Income Active ETF | 2.10% | 0.00% | 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 SECU have a correlation of 0.35, 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 0.40% for SECU.
CMBS has the higher dividend yield at 3.58%, compared with 2.10% for SECU.
Their fees differ too: 0.25% for CMBS and 0.40% for SECU.
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