PMBS vs. NSCI

Last updated Jun 25, 2026

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. A 0.50 correlation means they provide meaningful diversification when combined. PMBS charges 0.71%/yr vs 0.38%/yr for NSCI.

Performance

PMBS vs. NSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and Nuveen Securitized Income ETF (NSCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMBS achieves a 1.60% return, which is significantly lower than NSCI's 2.09% return.

PMBS

• 1D: 0.54%
• 1M: 1.11%
• YTD: 1.60%
• 6M: 1.48%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NSCI

• 1D: 0.12%
• 1M: 0.57%
• YTD: 2.09%
• 6M: 2.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMBS vs. NSCI - Yearly Performance Comparison

	2026 (YTD)	2025
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	1.60%	1.75%
NSCI Nuveen Securitized Income ETF	2.09%	1.66%

Correlation

The correlation between PMBS and NSCI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.50

Return for Risk

PMBS vs. NSCI — Risk / Return Rank

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

PMBS

PMBS Risk / Return Rank: 52
PMBS Sharpe Ratio Rank: 53
PMBS Sortino Ratio Rank: 55
PMBS Omega Ratio Rank: 52
PMBS Calmar Ratio Rank: 52
PMBS Martin Ratio Rank: 48

NSCI

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

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.

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 ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	7.12	—	—

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.

Drawdown Indicators

	PMBS	NSCI	Difference
Max Drawdown Largest peak-to-trough decline	-4.35%	-1.10%	-3.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.00%	-0.87%
Average Drawdown Average peak-to-trough decline	-1.15%	-0.18%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	PMBS	NSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	1.30%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.89%	1.30%	+3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.89%	1.30%	+3.59%

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 4.95%, more than NSCI's 3.04% yield.

Position	TTM	2025	2024
NSCI Nuveen Securitized Income ETF	3.04%	1.09%	0.00%
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	4.95%	4.73%	1.59%

Frequently Asked Questions

Can I hold both PMBS and NSCI in my portfolio?

PMBS and NSCI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMBS or NSCI?

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, PMBS or NSCI?

NSCI is cheaper with a 0.38% expense ratio, compared with 0.71% for PMBS.

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

PMBS has the higher dividend yield at 4.95%, compared with 3.04% for NSCI.

What is the main difference between PMBS and NSCI?

They also come from different issuers: PIMCO and Nuveen. Their fees differ too: 0.71% for PMBS and 0.38% for NSCI.