IRONX vs. MTBA
Compare and contrast key facts about Ironclad Managed Risk Fund (IRONX) and Simplify MBS ETF (MTBA).
IRONX is managed by Blackrock. It was launched on Oct 14, 2010. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRONX or MTBA.
Key characteristics
| IRONX | MTBA | |
|---|---|---|
| YTD Return | 16.84% | 1.83% |
| 1Y Return | 14.79% | 4.90% |
| Sharpe Ratio | 1.66 | 1.27 |
| Sortino Ratio | 2.10 | 1.85 |
| Omega Ratio | 1.36 | 1.23 |
| Calmar Ratio | 1.33 | 2.07 |
| Martin Ratio | 8.60 | 5.36 |
| Ulcer Index | 1.84% | 1.10% |
| Daily Std Dev | 9.53% | 4.61% |
| Max Drawdown | -20.55% | -2.84% |
| Current Drawdown | -0.24% | -2.57% |
Correlation
The correlation between IRONX and MTBA is 0.19, 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.
Performance
IRONX vs. MTBA - Performance Comparison
In the year-to-date period, IRONX achieves a 16.84% return, which is significantly higher than MTBA's 1.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IRONX vs. MTBA - Expense Ratio Comparison
IRONX has a 1.25% expense ratio, which is higher than MTBA's 0.15% expense ratio.
Risk-Adjusted Performance
IRONX vs. MTBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ironclad Managed Risk Fund (IRONX) 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.
Dividends
IRONX vs. MTBA - Dividend Comparison
IRONX has not paid dividends to shareholders, while MTBA's dividend yield for the trailing twelve months is around 5.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IRONX Ironclad Managed Risk Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.00% |
MTBA Simplify MBS ETF | 5.48% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IRONX vs. MTBA - Drawdown Comparison
The maximum IRONX drawdown since its inception was -20.55%, which is greater than MTBA's maximum drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for IRONX and MTBA. For additional features, visit the drawdowns tool.
Volatility
IRONX vs. MTBA - Volatility Comparison
Ironclad Managed Risk Fund (IRONX) has a higher volatility of 3.02% compared to Simplify MBS ETF (MTBA) at 1.27%. This indicates that IRONX's price experiences larger fluctuations and is considered to be riskier than MTBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.