MTBA vs. ASEC
MTBA (Simplify MBS ETF) and ASEC (American Century Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. MTBA charges 0.15%/yr vs 0.29%/yr for ASEC.
Performance
MTBA vs. ASEC - Performance Comparison
Loading charts...
Returns By Period
MTBA
- 1D
- -0.26%
- 1M
- -0.35%
- 6M
- -0.71%
- YTD
- -0.33%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASEC
- 1D
- -0.04%
- 1M
- 0.09%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTBA vs. ASEC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MTBA Simplify MBS ETF | 0.02% |
ASEC American Century Securitized Credit ETF | -0.09% |
Correlation
The correlation between MTBA and ASEC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MTBA vs. ASEC — Risk / Return Rank
MTBA
ASEC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MTBA vs. ASEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) and American Century Securitized Credit ETF (ASEC). 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.
| MTBA | ASEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | — | — |
| Martin ratioReturn relative to average drawdown | 4.15 | — | — |
Loading charts...
Drawdowns
MTBA vs. ASEC - Drawdown Comparison
The maximum MTBA drawdown since its inception was -3.48%, which is greater than ASEC's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for MTBA and ASEC.
Loading charts...
Drawdown Indicators
| MTBA | ASEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -0.46% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -0.19% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -0.19% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | — | — |
Volatility
MTBA vs. ASEC - Volatility Comparison
Loading charts...
Volatility by Period
| MTBA | ASEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 1.44% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.94% | 1.44% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 1.44% | +2.50% |
MTBA vs. ASEC - Expense Ratio Comparison
MTBA has a 0.15% expense ratio, which is lower than ASEC's 0.29% expense ratio.
Dividends
MTBA vs. ASEC - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 6.08%, more than ASEC's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ASEC American Century Securitized Credit ETF | 0.46% | 0.00% | 0.00% | 0.00% |
MTBA Simplify MBS ETF | 6.08% | 5.98% | 6.03% | 0.48% |
Frequently Asked Questions
MTBA and ASEC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTBA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTBA is cheaper with a 0.15% expense ratio, compared with 0.29% for ASEC.
MTBA has the higher dividend yield at 6.08%, compared with 0.46% for ASEC.
They also come from different issuers: Simplify and American Century. Their fees differ too: 0.15% for MTBA and 0.29% for ASEC.
Find the right allocation for MTBA and ASEC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer