PMBS vs. NSCI
PMBS (PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund) and NSCI (Nuveen Securitized Income ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. PMBS charges 0.71%/yr vs 0.38%/yr for NSCI.
Performance
PMBS vs. NSCI - Performance Comparison
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Returns By Period
In the year-to-date period, PMBS achieves a 0.07% return, which is significantly lower than NSCI's 2.60% return.
PMBS
- 1D
- 0.23%
- 1M
- -1.24%
- 6M
- -0.59%
- YTD
- 0.07%
- 1Y
- 3.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.15%
NSCI
- 1D
- 0.02%
- 1M
- 0.26%
- 6M
- 2.02%
- YTD
- 2.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $1.55M | $1.01M | |
| $4.24M | $3.71M | $5.44M |
PMBS vs. NSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 0.07% | 1.75% |
NSCI Nuveen Securitized Income ETF | 2.60% | 1.66% |
Correlation
The correlation between PMBS and NSCI is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.53 |
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Return for Risk
PMBS vs. NSCI — Risk / Return Rank
PMBS
NSCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMBS vs. NSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) 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.
| PMBS | NSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | — | — |
| Martin ratioReturn relative to average drawdown | 3.46 | — | — |
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Drawdowns
PMBS vs. NSCI - Drawdown Comparison
The maximum PMBS drawdown since its inception was -4.35%, which is greater than NSCI's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for PMBS and NSCI.
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Drawdown Indicators
| PMBS | NSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -1.10% | -3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | — | — |
Current DrawdownCurrent decline from peak | -2.37% | -0.02% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -1.18% | -0.16% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | — | — |
Volatility
PMBS vs. NSCI - Volatility Comparison
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Volatility by Period
| PMBS | NSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 1.30% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 1.30% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 1.30% | +3.55% |
PMBS vs. NSCI - Expense Ratio Comparison
PMBS has a 0.71% expense ratio, which is higher than NSCI's 0.38% expense ratio.
Dividends
PMBS vs. NSCI - Dividend Comparison
PMBS's dividend yield for the trailing twelve months is around 4.98%, more than NSCI's 3.85% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NSCI Nuveen Securitized Income ETF | 3.85% | 1.09% | 0.00% |
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 4.98% | 4.73% | 1.59% |
Frequently Asked Questions
PMBS and NSCI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NSCI is cheaper with a 0.38% expense ratio, compared with 0.71% for PMBS.
PMBS has the higher dividend yield at 4.98%, compared with 3.85% for NSCI.
They also come from different issuers: PIMCO and Nuveen. Their fees differ too: 0.71% for PMBS and 0.38% for NSCI.
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