MTBA vs. USFR
Compare and contrast key facts about Simplify MBS ETF (MTBA) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
MTBA and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Performance
MTBA vs. USFR - Performance Comparison
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MTBA vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MTBA Simplify MBS ETF | -0.43% | 7.74% | 1.99% | 3.64% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 0.93% | 4.23% | 5.47% | 0.64% |
Returns By Period
In the year-to-date period, MTBA achieves a -0.43% return, which is significantly lower than USFR's 0.93% return.
MTBA
- 1D
- 0.28%
- 1M
- -1.80%
- YTD
- -0.43%
- 6M
- 1.22%
- 1Y
- 4.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 0.93%
- 6M
- 2.02%
- 1Y
- 4.10%
- 3Y*
- 4.89%
- 5Y*
- 3.52%
- 10Y*
- 2.41%
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MTBA vs. USFR - Expense Ratio Comparison
Both MTBA and USFR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
MTBA vs. USFR — Risk / Return Rank
MTBA
USFR
MTBA vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 14.37 | -12.94 |
Sortino ratioReturn per unit of downside risk | 1.97 | 42.77 | -40.79 |
Omega ratioGain probability vs. loss probability | 1.27 | 10.64 | -9.37 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 103.73 | -101.93 |
Martin ratioReturn relative to average drawdown | 7.36 | 661.88 | -654.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTBA | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 14.37 | -12.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 8.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.57 | -0.20 |
Correlation
The correlation between MTBA and USFR is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MTBA vs. USFR - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 6.08%, more than USFR's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MTBA Simplify MBS ETF | 6.08% | 5.98% | 6.03% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.00% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Drawdowns
MTBA vs. USFR - Drawdown Comparison
The maximum MTBA drawdown since its inception was -3.48%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for MTBA and USFR.
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Drawdown Indicators
| MTBA | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -1.36% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -0.04% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -1.80% | 0.00% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -0.16% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.01% | +0.65% |
Volatility
MTBA vs. USFR - Volatility Comparison
Simplify MBS ETF (MTBA) has a higher volatility of 1.65% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that MTBA's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTBA | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 0.09% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 0.19% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 0.29% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 0.41% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 0.81% | +3.16% |