MBSX vs. NSCI

Last updated Jul 14, 2026

MBSX (Regan Fixed Rate MBS ETF) and NSCI (Nuveen Securitized Income ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. MBSX charges 0.40%/yr vs 0.38%/yr for NSCI.

Performance

MBSX vs. NSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regan Fixed Rate MBS ETF (MBSX) and Nuveen Securitized Income ETF (NSCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBSX achieves a 6.03% return, which is significantly higher than NSCI's 2.21% return.

MBSX

• 1D: -0.59%
• 1M: 3.76%
• 6M: 5.83%
• YTD: 6.03%
• 1Y: 11.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NSCI

• 1D: -0.04%
• 1M: 0.20%
• 6M: 2.09%
• YTD: 2.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MBSX vs. NSCI - Yearly Performance Comparison

	2026 (YTD)	2025
MBSX Regan Fixed Rate MBS ETF	6.03%	2.21%
NSCI Nuveen Securitized Income ETF	2.21%	1.66%

Correlation

The correlation between MBSX and NSCI is -0.02, 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 Sep 24, 2025	-0.02

Return for Risk

MBSX vs. NSCI — Risk / Return Rank

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

MBSX

MBSX Risk / Return Rank: 16
MBSX Sharpe Ratio Rank: 13
MBSX Sortino Ratio Rank: 16
MBSX Omega Ratio Rank: 22
MBSX Calmar Ratio Rank: 15
MBSX Martin Ratio Rank: 16

NSCI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MBSX vs. NSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regan Fixed Rate MBS ETF (MBSX) and Nuveen Securitized Income ETF (NSCI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MBSX	NSCI	Difference
Sharpe ratio: Return per unit of total volatility	0.22	—	—
Sortino ratio: Return per unit of downside risk	0.70	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.43	—	—
Martin ratio: Return relative to average drawdown	1.20	—	—

Drawdowns

MBSX vs. NSCI - Drawdown Comparison

The maximum MBSX drawdown since its inception was -27.57%, which is greater than NSCI's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for MBSX and NSCI.

Drawdown Indicators

	MBSX	NSCI	Difference
Max Drawdown Largest peak-to-trough decline	-27.57%	-1.10%	-26.47%
Max Drawdown (1Y) Largest decline over 1 year	-27.57%	—	—
Current Drawdown Current decline from peak	-20.70%	-0.12%	-20.58%
Average Drawdown Average peak-to-trough decline	-7.47%	-0.17%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.92%	—	—

Volatility

Volatility by Period

	MBSX	NSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.38%	1.28%	+54.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.88%	1.28%	+52.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.88%	1.28%	+52.60%

MBSX vs. NSCI - Expense Ratio Comparison

MBSX has a 0.40% expense ratio, which is higher than NSCI's 0.38% expense ratio.

Dividends

MBSX vs. NSCI - Dividend Comparison

MBSX's dividend yield for the trailing twelve months is around 3.45%, which matches NSCI's 3.45% yield.

Position	TTM	2025
MBSX Regan Fixed Rate MBS ETF	3.45%	2.77%
NSCI Nuveen Securitized Income ETF	3.45%	1.09%

Frequently Asked Questions

Can I hold both MBSX and NSCI in my portfolio?

MBSX and NSCI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MBSX or NSCI?

On fees, NSCI is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MBSX or NSCI?

NSCI is cheaper with a 0.38% expense ratio, compared with 0.40% for MBSX.

Which ETF pays a higher dividend yield, MBSX or NSCI?

MBSX and NSCI have nearly identical dividend yields, around 3.45%.

What is the main difference between MBSX and NSCI?

They also come from different issuers: Regan and Nuveen. Their fees differ too: 0.40% for MBSX and 0.38% for NSCI.