NSCI vs. MBSX

Last updated Jun 7, 2026

NSCI (Nuveen Securitized Income ETF) and MBSX (Regan Fixed Rate MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. NSCI charges 0.38%/yr vs 0.40%/yr for MBSX.

Performance

NSCI vs. MBSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Securitized Income ETF (NSCI) and Regan Fixed Rate MBS ETF (MBSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSCI achieves a 1.90% return, which is significantly lower than MBSX's 3.50% return.

NSCI

• 1D: 0.02%
• 1M: 0.37%
• YTD: 1.90%
• 6M: 2.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MBSX

• 1D: 5.59%
• 1M: 5.16%
• YTD: 3.50%
• 6M: 3.97%
• 1Y: 11.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NSCI vs. MBSX - Yearly Performance Comparison

	2026 (YTD)	2025
NSCI Nuveen Securitized Income ETF	1.90%	1.66%
MBSX Regan Fixed Rate MBS ETF	3.50%	2.57%

Correlation

The correlation between NSCI and MBSX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	-0.01

Return for Risk

NSCI vs. MBSX — Risk / Return Rank

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

MBSX

MBSX Risk / Return Rank: 16
MBSX Sharpe Ratio Rank: 12
MBSX Sortino Ratio Rank: 15
MBSX Omega Ratio Rank: 21
MBSX Calmar Ratio Rank: 14
MBSX Martin Ratio Rank: 17

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.

NSCI vs. MBSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Securitized Income ETF (NSCI) and Regan Fixed Rate MBS ETF (MBSX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NSCI	MBSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.97	0.20	+3.77

Drawdowns

NSCI vs. MBSX - Drawdown Comparison

The maximum NSCI drawdown since its inception was -1.10%, smaller than the maximum MBSX drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for NSCI and MBSX.

Drawdown Indicators

	NSCI	MBSX	Difference
Max Drawdown Largest peak-to-trough decline	-1.10%	-27.57%	+26.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.57%	—
Current Drawdown Current decline from peak	0.00%	-22.59%	+22.59%
Average Drawdown Average peak-to-trough decline	-0.19%	-6.16%	+5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.99%	—

Volatility

Volatility by Period

	NSCI	MBSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	42.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	51.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.32%	54.25%	-52.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.32%	55.26%	-53.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.32%	55.26%	-53.94%

NSCI vs. MBSX - Expense Ratio Comparison

NSCI has a 0.38% expense ratio, which is lower than MBSX's 0.40% expense ratio.

Dividends

NSCI vs. MBSX - Dividend Comparison

NSCI's dividend yield for the trailing twelve months is around 3.04%, less than MBSX's 3.44% yield.

Position	TTM	2025
MBSX Regan Fixed Rate MBS ETF	3.44%	2.77%
NSCI Nuveen Securitized Income ETF	3.04%	1.09%

Frequently Asked Questions

Can I hold both NSCI and MBSX in my portfolio?

NSCI and MBSX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NSCI or MBSX?

On fees, NSCI is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NSCI or MBSX?

NSCI is cheaper with a 0.38% expense ratio, compared with 0.40% for MBSX.

Which ETF pays a higher dividend yield, NSCI or MBSX?

MBSX has the higher dividend yield at 3.44%, compared with 3.04% for NSCI.

What is the main difference between NSCI and MBSX?

They also come from different issuers: Nuveen and Regan. Their fees differ too: 0.38% for NSCI and 0.40% for MBSX.