MBSD vs. IMTG
MBSD (FlexShares Disciplined Duration MBS Index Fund) and IMTG (Invesco Agency MBS ETF) are both Mortgage Backed Securities funds. MBSD is passively managed, while IMTG is actively managed. Their correlation of 0.95 suggests significant overlap in exposure. MBSD charges 0.20%/yr vs 0.22%/yr for IMTG.
Performance
MBSD vs. IMTG - Performance Comparison
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Returns By Period
MBSD
- 1D
- -0.22%
- 1M
- 0.16%
- YTD
- 0.42%
- 6M
- 0.52%
- 1Y
- 5.26%
- 3Y*
- 4.31%
- 5Y*
- 0.62%
- 10Y*
- 1.37%
IMTG
- 1D
- -0.18%
- 1M
- 0.23%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBSD vs. IMTG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | -0.84% |
IMTG Invesco Agency MBS ETF | -1.11% |
Correlation
The correlation between MBSD and IMTG is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.95 |
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Return for Risk
MBSD vs. IMTG — Risk / Return Rank
MBSD
IMTG
MBSD vs. IMTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) and Invesco Agency MBS ETF (IMTG). 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.
| MBSD | IMTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | — | — |
| Martin ratioReturn relative to average drawdown | 7.71 | — | — |
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
| MBSD | IMTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | -0.86 | +1.24 |
Drawdowns
MBSD vs. IMTG - Drawdown Comparison
The maximum MBSD drawdown since its inception was -14.36%, which is greater than IMTG's maximum drawdown of -2.85%. Use the drawdown chart below to compare losses from any high point for MBSD and IMTG.
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Drawdown Indicators
| MBSD | IMTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -2.85% | -11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.36% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -1.50% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -1.41% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | — | — |
Volatility
MBSD vs. IMTG - Volatility Comparison
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Volatility by Period
| MBSD | IMTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 4.74% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 4.74% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 4.74% | -0.48% |
MBSD vs. IMTG - Expense Ratio Comparison
MBSD has a 0.20% expense ratio, which is lower than IMTG's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MBSD vs. IMTG - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 4.19%, more than IMTG's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTG Invesco Agency MBS ETF | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.19% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Frequently Asked Questions
With a correlation of 0.95, MBSD and IMTG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MBSD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.22% for IMTG.
MBSD has the higher dividend yield at 4.19%, compared with 0.85% for IMTG.
They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.20% for MBSD and 0.22% for IMTG.
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