GNMA vs. SECU
GNMA (iShares GNMA Bond ETF) and SECU (iShares Securitized Income Active ETF) are both Mortgage Backed Securities funds from iShares. GNMA is passively managed, while SECU is actively managed. At a 0.45 correlation, their price movements are largely independent. GNMA charges 0.15%/yr vs 0.40%/yr for SECU.
Performance
GNMA vs. SECU - Performance Comparison
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Returns By Period
GNMA
- 1D
- 0.11%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.08%
- 1Y
- 5.88%
- 3Y*
- 4.33%
- 5Y*
- 0.55%
- 10Y*
- 1.23%
SECU
- 1D
- 0.03%
- 1M
- 0.36%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GNMA vs. SECU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GNMA iShares GNMA Bond ETF | 0.09% |
SECU iShares Securitized Income Active ETF | 1.36% |
Correlation
The correlation between GNMA and SECU is 0.45, 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 | 0.45 |
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Return for Risk
GNMA vs. SECU — Risk / Return Rank
GNMA
SECU
GNMA vs. SECU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) 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.
| GNMA | SECU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | — | — |
| Martin ratioReturn relative to average drawdown | 7.20 | — | — |
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
| GNMA | SECU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.17 | -0.92 |
Drawdowns
GNMA vs. SECU - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, which is greater than SECU's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for GNMA and SECU.
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Drawdown Indicators
| GNMA | SECU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -1.76% | -15.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -0.07% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -0.55% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | — | — |
Volatility
GNMA vs. SECU - Volatility Comparison
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Volatility by Period
| GNMA | SECU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 3.32% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 3.32% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 3.32% | +1.81% |
GNMA vs. SECU - Expense Ratio Comparison
GNMA has a 0.15% expense ratio, which is lower than SECU's 0.40% expense ratio.
Dividends
GNMA vs. SECU - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.23%, more than SECU's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.23% | 4.19% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.61% | 2.41% | 2.15% | 1.89% | 1.50% |
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
GNMA and SECU have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GNMA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GNMA is cheaper with a 0.15% expense ratio, compared with 0.40% for SECU.
GNMA has the higher dividend yield at 4.23%, compared with 2.10% for SECU.
Their fees differ too: 0.15% for GNMA and 0.40% for SECU.
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