MTBA vs. VMBS
Compare and contrast key facts about Simplify MBS ETF (MTBA) and Vanguard Mortgage-Backed Securities ETF (VMBS).
MTBA and VMBS 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. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009.
Performance
MTBA vs. VMBS - Performance Comparison
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MTBA vs. VMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MTBA Simplify MBS ETF | -0.43% | 7.74% | 1.99% | 3.64% |
VMBS Vanguard Mortgage-Backed Securities ETF | 0.41% | 8.36% | 1.70% | 6.48% |
Returns By Period
In the year-to-date period, MTBA achieves a -0.43% return, which is significantly lower than VMBS's 0.41% return.
MTBA
- 1D
- 0.28%
- 1M
- -1.80%
- YTD
- -0.43%
- 6M
- 1.22%
- 1Y
- 4.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VMBS
- 1D
- 0.21%
- 1M
- -1.57%
- YTD
- 0.41%
- 6M
- 2.06%
- 1Y
- 5.79%
- 3Y*
- 4.29%
- 5Y*
- 0.49%
- 10Y*
- 1.41%
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MTBA vs. VMBS - Expense Ratio Comparison
MTBA has a 0.15% expense ratio, which is higher than VMBS's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MTBA vs. VMBS — Risk / Return Rank
MTBA
VMBS
MTBA vs. VMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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 | VMBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.16 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.67 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.95 | -0.15 |
Martin ratioReturn relative to average drawdown | 7.36 | 6.10 | +1.26 |
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 | VMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.16 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.46 | +0.91 |
Correlation
The correlation between MTBA and VMBS is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MTBA vs. VMBS - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 6.08%, more than VMBS's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.23% | 4.20% | 3.94% | 3.31% | 2.35% | 1.02% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% |
Drawdowns
MTBA vs. VMBS - Drawdown Comparison
The maximum MTBA drawdown since its inception was -3.48%, smaller than the maximum VMBS drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for MTBA and VMBS.
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Drawdown Indicators
| MTBA | VMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -17.47% | +13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -3.00% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.47% | — |
Current DrawdownCurrent decline from peak | -1.80% | -1.57% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -2.51% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.96% | -0.30% |
Volatility
MTBA vs. VMBS - Volatility Comparison
The current volatility for Simplify MBS ETF (MTBA) is 1.65%, while Vanguard Mortgage-Backed Securities ETF (VMBS) has a volatility of 1.90%. This indicates that MTBA experiences smaller price fluctuations and is considered to be less risky than VMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTBA | VMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.90% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 2.89% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 5.00% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 6.71% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 5.37% | -1.40% |