MTBA vs. NSCI
MTBA (Simplify MBS ETF) and NSCI (Nuveen Securitized Income ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. MTBA charges 0.15%/yr vs 0.38%/yr for NSCI.
Performance
MTBA vs. NSCI - Performance Comparison
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Returns By Period
In the year-to-date period, MTBA achieves a -0.06% return, which is significantly lower than NSCI's 1.96% return.
MTBA
- 1D
- 0.00%
- 1M
- 0.59%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NSCI
- 1D
- 0.04%
- 1M
- 0.45%
- YTD
- 1.96%
- 6M
- 2.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTBA vs. NSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MTBA Simplify MBS ETF | -0.06% | 1.57% |
NSCI Nuveen Securitized Income ETF | 1.96% | 1.66% |
Correlation
The correlation between MTBA and NSCI is 0.48, 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 Sep 24, 2025 | 0.48 |
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Return for Risk
MTBA vs. NSCI — Risk / Return Rank
MTBA
NSCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MTBA vs. NSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) 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.
| MTBA | NSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | — | — |
| Martin ratioReturn relative to average drawdown | 4.96 | — | — |
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Drawdowns
MTBA vs. NSCI - Drawdown Comparison
The maximum MTBA drawdown since its inception was -3.48%, which is greater than NSCI's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for MTBA and NSCI.
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Drawdown Indicators
| MTBA | NSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -1.10% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -0.12% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -0.18% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | — | — |
Volatility
MTBA vs. NSCI - Volatility Comparison
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Volatility by Period
| MTBA | NSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 1.30% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.95% | 1.30% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 1.30% | +2.65% |
MTBA vs. NSCI - Expense Ratio Comparison
MTBA has a 0.15% expense ratio, which is lower than NSCI's 0.38% expense ratio.
Dividends
MTBA vs. NSCI - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 6.08%, more than NSCI's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MTBA Simplify MBS ETF | 6.08% | 5.98% | 6.03% | 0.48% |
NSCI Nuveen Securitized Income ETF | 3.04% | 1.09% | 0.00% | 0.00% |
Frequently Asked Questions
MTBA and NSCI have a correlation of 0.48, 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 0.38% for NSCI.
MTBA has the higher dividend yield at 6.08%, compared with 3.04% for NSCI.
They also come from different issuers: Simplify and Nuveen. Their fees differ too: 0.15% for MTBA and 0.38% for NSCI.
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