MBSF vs. BBHM

Last updated Jun 4, 2026

MBSF (Regan Floating Rate MBS ETF) and BBHM (BBH Select Mid Cap ETF) are both exchange-traded funds - MBSF is a Bank Loan fund actively managed by Regan, while BBHM is a Mid Cap Growth Equities fund tracking the Actively Managed. MBSF is actively managed, while BBHM is passively managed. At a 0.04 correlation, their price movements are largely independent. MBSF charges 0.49%/yr vs 0.81%/yr for BBHM.

Performance

MBSF vs. BBHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regan Floating Rate MBS ETF (MBSF) and BBH Select Mid Cap ETF (BBHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBSF achieves a 1.48% return, which is significantly lower than BBHM's 1.78% return.

MBSF

• 1D: 0.12%
• 1M: -0.03%
• YTD: 1.48%
• 6M: 2.16%
• 1Y: 5.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBHM

• 1D: -0.35%
• 1M: -1.65%
• YTD: 1.78%
• 6M: -0.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MBSF vs. BBHM - Yearly Performance Comparison

	2026 (YTD)	2025
MBSF Regan Floating Rate MBS ETF	1.48%	0.95%
BBHM BBH Select Mid Cap ETF	1.78%	2.74%

Correlation

The correlation between MBSF and BBHM is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.04

Return for Risk

MBSF vs. BBHM — Risk / Return Rank

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

MBSF

MBSF Risk / Return Rank: 70
MBSF Sharpe Ratio Rank: 53
MBSF Sortino Ratio Rank: 59
MBSF Omega Ratio Rank: 55
MBSF Calmar Ratio Rank: 93
MBSF Martin Ratio Rank: 88

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.

MBSF vs. BBHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regan Floating Rate MBS ETF (MBSF) and BBH Select Mid Cap ETF (BBHM). 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.

	MBSF	BBHM	Difference
Sharpe ratio Return per unit of total volatility	1.79	—	—
Sortino ratio Return per unit of downside risk	2.77	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	6.77	—	—
Martin ratio Return relative to average drawdown	19.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MBSF	BBHM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.50	+1.24

Drawdowns

MBSF vs. BBHM - Drawdown Comparison

The maximum MBSF drawdown since its inception was -0.97%, smaller than the maximum BBHM drawdown of -9.78%. Use the drawdown chart below to compare losses from any high point for MBSF and BBHM.

Drawdown Indicators

	MBSF	BBHM	Difference
Max Drawdown Largest peak-to-trough decline	-0.97%	-9.78%	+8.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.79%	—	—
Current Drawdown Current decline from peak	-0.10%	-5.28%	+5.18%
Average Drawdown Average peak-to-trough decline	-0.23%	-2.71%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	—	—

Volatility

Volatility by Period

	MBSF	BBHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.01%	17.46%	-14.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	17.46%	-14.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	17.46%	-14.12%

MBSF vs. BBHM - Expense Ratio Comparison

MBSF has a 0.49% expense ratio, which is lower than BBHM's 0.81% expense ratio.

Dividends

MBSF vs. BBHM - Dividend Comparison

MBSF's dividend yield for the trailing twelve months is around 4.49%, while BBHM has not paid dividends to shareholders.

Position	TTM	2025	2024
BBHM BBH Select Mid Cap ETF	0.00%	0.00%	0.00%
MBSF Regan Floating Rate MBS ETF	4.49%	4.71%	4.14%

Frequently Asked Questions

Can I hold both MBSF and BBHM in my portfolio?

MBSF and BBHM have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MBSF or BBHM?

On fees, MBSF is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MBSF or BBHM?

MBSF is cheaper with a 0.49% expense ratio, compared with 0.81% for BBHM.

Which ETF pays a higher dividend yield, MBSF or BBHM?

MBSF has the higher dividend yield at 4.49%, compared with 0.00% for BBHM.

What is the main difference between MBSF and BBHM?

MBSF is categorized as Bank Loan, while BBHM is Mid Cap Growth Equities. They also come from different issuers: Regan and BBH. Their fees differ too: 0.49% for MBSF and 0.81% for BBHM.