SDMF vs. MTBA
SDMF (Simplify DBi CTA Managed Futures Index ETF) and MTBA (Simplify MBS ETF) are both exchange-traded funds - SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index, while MTBA is a Mortgage Backed Securities fund actively managed by Simplify. SDMF is passively managed, while MTBA is actively managed. At a 0.02 correlation, their price movements are largely independent. SDMF charges 0.35%/yr vs 0.15%/yr for MTBA.
Performance
SDMF vs. MTBA - Performance Comparison
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Returns By Period
SDMF
- 1D
- 0.09%
- 1M
- 2.33%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTBA
- 1D
- -0.12%
- 1M
- 0.21%
- YTD
- -0.23%
- 6M
- 0.18%
- 1Y
- 5.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDMF vs. MTBA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SDMF Simplify DBi CTA Managed Futures Index ETF | 3.37% |
MTBA Simplify MBS ETF | -1.29% |
Correlation
The correlation between SDMF and MTBA is 0.02, 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 Feb 20, 2026 | 0.02 |
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Return for Risk
SDMF vs. MTBA — Risk / Return Rank
SDMF
MTBA
SDMF vs. MTBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify DBi CTA Managed Futures Index ETF (SDMF) and Simplify MBS ETF (MTBA). 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.
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Sharpe Ratios by Period
| SDMF | MTBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.30 | -0.37 |
Drawdowns
SDMF vs. MTBA - Drawdown Comparison
The maximum SDMF drawdown since its inception was -6.23%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for SDMF and MTBA.
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Drawdown Indicators
| SDMF | MTBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.23% | -3.48% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.82% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.60% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -0.79% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.83% | — |
Volatility
SDMF vs. MTBA - Volatility Comparison
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Volatility by Period
| SDMF | MTBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 3.10% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 3.95% | +9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 3.95% | +9.32% |
SDMF vs. MTBA - Expense Ratio Comparison
SDMF has a 0.35% expense ratio, which is higher than MTBA's 0.15% expense ratio.
Dividends
SDMF vs. MTBA - Dividend Comparison
SDMF has not paid dividends to shareholders, while MTBA's dividend yield for the trailing twelve months is around 6.09%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MTBA Simplify MBS ETF | 6.09% | 5.98% | 6.03% | 0.48% |
SDMF Simplify DBi CTA Managed Futures Index ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDMF and MTBA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MTBA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MTBA is cheaper with a 0.15% expense ratio, compared with 0.35% for SDMF.
MTBA has the higher dividend yield at 6.09%, compared with 0.00% for SDMF.
SDMF is categorized as Systematic Trend, while MTBA is Mortgage Backed Securities. Their fees differ too: 0.35% for SDMF and 0.15% for MTBA.
Find the right allocation for SDMF and MTBA
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