PMBS vs. SECU
PMBS (PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund) and SECU (iShares Securitized Income Active ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. PMBS charges 0.71%/yr vs 0.40%/yr for SECU.
Performance
PMBS vs. SECU - Performance Comparison
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Returns By Period
PMBS
- 1D
- 0.09%
- 1M
- 0.57%
- YTD
- 1.05%
- 6M
- 1.21%
- 1Y
- 6.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SECU
- 1D
- -0.02%
- 1M
- 0.60%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMBS vs. SECU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 0.42% |
SECU iShares Securitized Income Active ETF | 1.51% |
Correlation
The correlation between PMBS and SECU is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 26, 2026 | 0.42 |
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Return for Risk
PMBS vs. SECU — Risk / Return Rank
PMBS
SECU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMBS vs. SECU - 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 iShares Securitized Income Active ETF (SECU). 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 | SECU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | — | — |
| Martin ratioReturn relative to average drawdown | 6.99 | — | — |
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Drawdowns
PMBS vs. SECU - Drawdown Comparison
The maximum PMBS drawdown since its inception was -4.35%, which is greater than SECU's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for PMBS and SECU.
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Drawdown Indicators
| PMBS | SECU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -1.76% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -0.40% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -0.51% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | — | — |
Volatility
PMBS vs. SECU - Volatility Comparison
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Volatility by Period
| PMBS | SECU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 3.30% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 3.30% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 3.30% | +1.57% |
PMBS vs. SECU - Expense Ratio Comparison
PMBS has a 0.71% expense ratio, which is higher than SECU's 0.40% expense ratio.
Dividends
PMBS vs. SECU - Dividend Comparison
PMBS's dividend yield for the trailing twelve months is around 4.98%, more than SECU's 2.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 4.98% | 4.73% | 1.59% |
SECU iShares Securitized Income Active ETF | 2.10% | 0.00% | 0.00% |
Frequently Asked Questions
PMBS and SECU have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECU is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECU is cheaper with a 0.40% expense ratio, compared with 0.71% for PMBS.
PMBS has the higher dividend yield at 4.98%, compared with 2.10% for SECU.
They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.71% for PMBS and 0.40% for SECU.
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