EMTL vs. MTBA

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Simplify MBS ETF (MTBA).

EMTL and MTBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMTL is an actively managed fund by State Street. It was launched on Apr 13, 2016. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023.

Performance

EMTL vs. MTBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Simplify MBS ETF (MTBA). The values are adjusted to include any dividend payments, if applicable.

EMTL vs. MTBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF	-0.98%	8.27%	5.86%	6.51%
MTBA Simplify MBS ETF	-0.43%	7.74%	1.99%	3.64%

Returns By Period

In the year-to-date period, EMTL achieves a -0.98% return, which is significantly lower than MTBA's -0.43% return.

EMTL

• 1D: 0.26%
• 1M: -1.43%
• YTD: -0.98%
• 6M: -0.70%
• 1Y: 3.82%
• 3Y*: 6.67%
• 5Y*: 1.62%
• 10Y*: —

MTBA

• 1D: 0.28%
• 1M: -1.80%
• YTD: -0.43%
• 6M: 1.22%
• 1Y: 4.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMTL vs. MTBA - Expense Ratio Comparison

EMTL has a 0.65% expense ratio, which is higher than MTBA's 0.15% expense ratio.

EMTL

SPDR DoubleLine Emerging Markets Fixed Income ETF

MTBA

Simplify MBS ETF

Return for Risk

EMTL vs. MTBA — Risk / Return Rank

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

EMTL

EMTL Risk / Return Rank: 71
EMTL Sharpe Ratio Rank: 75
EMTL Sortino Ratio Rank: 72
EMTL Omega Ratio Rank: 76
EMTL Calmar Ratio Rank: 72
EMTL Martin Ratio Rank: 61

MTBA

MTBA Risk / Return Rank: 76
MTBA Sharpe Ratio Rank: 79
MTBA Sortino Ratio Rank: 79
MTBA Omega Ratio Rank: 75
MTBA Calmar Ratio Rank: 73
MTBA 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.

EMTL vs. MTBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and Simplify MBS ETF (MTBA). 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.

	EMTL	MTBA	Difference
Sharpe ratio Return per unit of total volatility	1.35	1.43	-0.08
Sortino ratio Return per unit of downside risk	1.81	1.97	-0.16
Omega ratio Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio Return relative to maximum drawdown	1.86	1.80	+0.06
Martin ratio Return relative to average drawdown	5.99	7.36	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMTL vs. MTBA - Sharpe Ratio Comparison

The current EMTL Sharpe Ratio is 1.35, which is comparable to the MTBA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of EMTL and MTBA, 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

	EMTL	MTBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.43	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.37	-0.66

Correlation

The correlation between EMTL and MTBA is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EMTL vs. MTBA - Dividend Comparison

EMTL's dividend yield for the trailing twelve months is around 5.09%, less than MTBA's 6.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF	5.09%	5.09%	5.34%	4.78%	4.19%	5.43%	3.28%	3.96%	3.35%	4.16%	8.87%
MTBA Simplify MBS ETF	6.08%	5.98%	6.03%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EMTL vs. MTBA - Drawdown Comparison

The maximum EMTL drawdown since its inception was -22.91%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for EMTL and MTBA.

Drawdown Indicators

	EMTL	MTBA	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-3.48%	-19.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-2.69%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	—	—
Current Drawdown Current decline from peak	-1.61%	-1.80%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.89%	-0.74%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.66%	+0.01%

Volatility

EMTL vs. MTBA - Volatility Comparison

The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.91%, while Simplify MBS ETF (MTBA) has a volatility of 1.65%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than MTBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMTL	MTBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	1.65%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	2.09%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	2.84%	3.33%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.90%	3.97%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	3.97%	+0.71%