CMBS vs. SECU

Last updated Apr 2, 2026

Compare and contrast key facts about iShares CMBS ETF (CMBS) and iShares Securitized Income Active ETF (SECU).

CMBS and SECU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMBS is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. CMBS (ERISA Only) Index. It was launched on Feb 14, 2012. SECU is an actively managed fund by iShares. It was launched on Jan 26, 2026.

Performance

CMBS vs. SECU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares CMBS ETF (CMBS) and iShares Securitized Income Active ETF (SECU). The values are adjusted to include any dividend payments, if applicable.

CMBS vs. SECU - Yearly Performance Comparison

	2026 (YTD)
CMBS iShares CMBS ETF	-0.19%
SECU iShares Securitized Income Active ETF	0.26%

Returns By Period

CMBS

• 1D: 0.20%
• 1M: -1.30%
• YTD: 0.07%
• 6M: 1.21%
• 1Y: 4.67%
• 3Y*: 5.31%
• 5Y*: 1.05%
• 10Y*: 2.18%

SECU

• 1D: 0.23%
• 1M: -1.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CMBS vs. SECU - Expense Ratio Comparison

CMBS has a 0.25% expense ratio, which is lower than SECU's 0.40% expense ratio.

SECU

iShares Securitized Income Active ETF

CMBS

iShares CMBS ETF

Return for Risk

CMBS vs. SECU — Risk / Return Rank

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

CMBS

CMBS Risk / Return Rank: 68
CMBS Sharpe Ratio Rank: 66
CMBS Sortino Ratio Rank: 69
CMBS Omega Ratio Rank: 55
CMBS Calmar Ratio Rank: 77
CMBS Martin Ratio Rank: 74

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.

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 ratio Return per unit of total volatility	1.21	—	—
Sortino ratio Return per unit of downside risk	1.81	—	—
Omega ratio Gain probability vs. loss probability	1.21	—	—
Calmar ratio Return relative to maximum drawdown	2.20	—	—
Martin ratio Return relative to average drawdown	8.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CMBS	SECU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.40	+0.04

Correlation

The correlation between CMBS and SECU is 0.37, 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

CMBS vs. SECU - Dividend Comparison

CMBS's dividend yield for the trailing twelve months is around 3.53%, more than SECU's 0.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMBS iShares CMBS ETF	3.53%	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	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	CMBS	SECU	Difference
Max Drawdown Largest peak-to-trough decline	-15.87%	-1.76%	-14.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.87%	—	—
Current Drawdown Current decline from peak	-1.84%	-1.16%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.97%	-0.62%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	—	—

Volatility

Volatility by Period

	CMBS	SECU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	3.68%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.29%	3.68%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	3.68%	+2.09%