MTBA vs. SECU

Last updated Jun 4, 2026

MTBA (Simplify MBS ETF) and SECU (iShares Securitized Income Active ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. MTBA charges 0.15%/yr vs 0.40%/yr for SECU.

Performance

MTBA vs. SECU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify MBS ETF (MTBA) and iShares Securitized Income Active ETF (SECU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MTBA

• 1D: -0.12%
• 1M: 0.21%
• YTD: -0.23%
• 6M: 0.18%
• 1Y: 5.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SECU

• 1D: -0.10%
• 1M: 0.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTBA vs. SECU - Yearly Performance Comparison

	2026 (YTD)
MTBA Simplify MBS ETF	-0.64%
SECU iShares Securitized Income Active ETF	1.33%

Correlation

The correlation between MTBA and SECU is 0.43, 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 Jan 27, 2026	0.43

MTBA vs. SECU - Sectors Allocation Comparison

Sectors	MTBA	SECU
Financial Services	47.2%	0.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MTBA vs. SECU — Risk / Return Rank

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

MTBA

MTBA Risk / Return Rank: 45
MTBA Sharpe Ratio Rank: 48
MTBA Sortino Ratio Rank: 48
MTBA Omega Ratio Rank: 51
MTBA Calmar Ratio Rank: 37
MTBA Martin Ratio Rank: 39

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.

MTBA vs. SECU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) and iShares Securitized Income Active ETF (SECU). 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.

	MTBA	SECU	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	1.84	—	—
Martin ratio: Return relative to average drawdown	6.28	—	—
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

	MTBA	SECU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	1.15	+0.15

Drawdowns

MTBA vs. SECU - Drawdown Comparison

The maximum MTBA drawdown since its inception was -3.48%, which is greater than SECU's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for MTBA and SECU.

Drawdown Indicators

	MTBA	SECU	Difference
Max Drawdown Largest peak-to-trough decline	-3.48%	-1.76%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Current Drawdown Current decline from peak	-1.60%	-0.10%	-1.50%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.56%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	—	—

Volatility

Volatility by Period

	MTBA	SECU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.10%	3.34%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.95%	3.34%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.95%	3.34%	+0.61%

MTBA vs. SECU - Expense Ratio Comparison

MTBA has a 0.15% expense ratio, which is lower than SECU's 0.40% expense ratio.

Dividends

MTBA vs. SECU - Dividend Comparison

MTBA's dividend yield for the trailing twelve months is around 6.09%, more than SECU's 2.10% yield.

Position	TTM	2025	2024	2023
MTBA Simplify MBS ETF	6.09%	5.98%	6.03%	0.48%
SECU iShares Securitized Income Active ETF	2.10%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MTBA and SECU in my portfolio?

MTBA and SECU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MTBA or SECU?

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.

Which ETF is cheaper, MTBA or SECU?

MTBA is cheaper with a 0.15% expense ratio, compared with 0.40% for SECU.

Which ETF pays a higher dividend yield, MTBA or SECU?

MTBA has the higher dividend yield at 6.09%, compared with 2.10% for SECU.

What is the main difference between MTBA and SECU?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.15% for MTBA and 0.40% for SECU.