MBSF vs. BINC

Last updated Apr 1, 2026

Compare and contrast key facts about Regan Floating Rate MBS ETF (MBSF) and iShares Flexible Income Active ETF (BINC).

MBSF and BINC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBSF is an actively managed fund by Regan. It was launched on Feb 27, 2024. BINC is an actively managed fund by iShares. It was launched on May 19, 2023.

Performance

MBSF vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regan Floating Rate MBS ETF (MBSF) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

MBSF vs. BINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MBSF Regan Floating Rate MBS ETF	0.43%	5.85%	5.71%
BINC iShares Flexible Income Active ETF	-0.78%	7.57%	5.70%

Returns By Period

In the year-to-date period, MBSF achieves a 0.43% return, which is significantly higher than BINC's -0.78% return.

MBSF

• 1D: -0.55%
• 1M: -0.56%
• YTD: 0.43%
• 6M: 2.43%
• 1Y: 4.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BINC

• 1D: 0.33%
• 1M: -2.11%
• YTD: -0.78%
• 6M: 0.65%
• 1Y: 5.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MBSF vs. BINC - Expense Ratio Comparison

MBSF has a 0.49% expense ratio, which is higher than BINC's 0.40% expense ratio.

MBSF

Regan Floating Rate MBS ETF

BINC

iShares Flexible Income Active ETF

Return for Risk

MBSF vs. BINC — Risk / Return Rank

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

MBSF

MBSF Risk / Return Rank: 89
MBSF Sharpe Ratio Rank: 83
MBSF Sortino Ratio Rank: 89
MBSF Omega Ratio Rank: 77
MBSF Calmar Ratio Rank: 98
MBSF Martin Ratio Rank: 96

BINC

BINC Risk / Return Rank: 84
BINC Sharpe Ratio Rank: 87
BINC Sortino Ratio Rank: 87
BINC Omega Ratio Rank: 91
BINC Calmar Ratio Rank: 76
BINC Martin Ratio Rank: 79

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. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regan Floating Rate MBS ETF (MBSF) and iShares Flexible Income Active ETF (BINC). 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	BINC	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.74	-0.12
Sortino ratio Return per unit of downside risk	2.50	2.29	+0.21
Omega ratio Gain probability vs. loss probability	1.29	1.38	-0.09
Calmar ratio Return relative to maximum drawdown	6.21	1.91	+4.30
Martin ratio Return relative to average drawdown	17.78	7.93	+9.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBSF vs. BINC - Sharpe Ratio Comparison

The current MBSF Sharpe Ratio is 1.62, which is comparable to the BINC Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of MBSF and BINC, 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

	MBSF	BINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.74	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	2.28	-0.59

Correlation

The correlation between MBSF and BINC is 0.15, 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.

Dividends

MBSF vs. BINC - Dividend Comparison

MBSF's dividend yield for the trailing twelve months is around 4.65%, less than BINC's 5.91% yield.

	TTM	2025	2024	2023
MBSF Regan Floating Rate MBS ETF	4.65%	4.71%	4.14%	0.00%
BINC iShares Flexible Income Active ETF	5.91%	5.86%	6.14%	3.13%

Drawdowns

MBSF vs. BINC - Drawdown Comparison

The maximum MBSF drawdown since its inception was -0.97%, smaller than the maximum BINC drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for MBSF and BINC.

Drawdown Indicators

	MBSF	BINC	Difference
Max Drawdown Largest peak-to-trough decline	-0.97%	-2.69%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-0.79%	-2.69%	+1.90%
Current Drawdown Current decline from peak	-0.79%	-2.14%	+1.35%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.33%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.65%	-0.37%

Volatility

MBSF vs. BINC - Volatility Comparison

Regan Floating Rate MBS ETF (MBSF) has a higher volatility of 1.38% compared to iShares Flexible Income Active ETF (BINC) at 1.25%. This indicates that MBSF's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBSF	BINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	1.25%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.28%	1.69%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	3.08%	2.94%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.41%	3.03%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.41%	3.03%	+0.38%