SECR vs. ASEC

Last updated Jul 14, 2026

SECR (NYLI MacKay Securitized Income ETF) and ASEC (American Century Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. SECR charges 0.28%/yr vs 0.29%/yr for ASEC.

Performance

SECR vs. ASEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI MacKay Securitized Income ETF (SECR) and American Century Securitized Credit ETF (ASEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SECR

• 1D: -0.26%
• 1M: -0.64%
• 6M: -0.12%
• YTD: 0.25%
• 1Y: 4.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASEC

• 1D: -0.04%
• 1M: 0.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SECR vs. ASEC - Yearly Performance Comparison

	2026 (YTD)
SECR NYLI MacKay Securitized Income ETF	-0.25%
ASEC American Century Securitized Credit ETF	-0.09%

Correlation

The correlation between SECR and ASEC is 0.20, 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 May 28, 2026	0.20

Return for Risk

SECR vs. ASEC — Risk / Return Rank

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

SECR

SECR Risk / Return Rank: 34
SECR Sharpe Ratio Rank: 35
SECR Sortino Ratio Rank: 35
SECR Omega Ratio Rank: 33
SECR Calmar Ratio Rank: 33
SECR Martin Ratio Rank: 32

ASEC

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.

SECR vs. ASEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Securitized Income ETF (SECR) and American Century Securitized Credit ETF (ASEC). 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.

	SECR	ASEC	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.53	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.37	—	—
Martin ratio: Return relative to average drawdown	3.79	—	—

Drawdowns

SECR vs. ASEC - Drawdown Comparison

The maximum SECR drawdown since its inception was -3.93%, which is greater than ASEC's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for SECR and ASEC.

Drawdown Indicators

	SECR	ASEC	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-0.46%	-3.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	—	—
Current Drawdown Current decline from peak	-2.03%	-0.19%	-1.84%
Average Drawdown Average peak-to-trough decline	-1.09%	-0.19%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	—	—

Volatility

Volatility by Period

	SECR	ASEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	1.44%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.59%	1.44%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	1.44%	+3.15%

SECR vs. ASEC - Expense Ratio Comparison

SECR has a 0.28% expense ratio, which is lower than ASEC's 0.29% expense ratio.

Dividends

SECR vs. ASEC - Dividend Comparison

SECR's dividend yield for the trailing twelve months is around 6.40%, more than ASEC's 0.46% yield.

Position	TTM	2025	2024
ASEC American Century Securitized Credit ETF	0.46%	0.00%	0.00%
SECR NYLI MacKay Securitized Income ETF	6.40%	6.68%	3.24%

Frequently Asked Questions

Can I hold both SECR and ASEC in my portfolio?

SECR and ASEC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SECR or ASEC?

On fees, SECR is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SECR or ASEC?

SECR is cheaper with a 0.28% expense ratio, compared with 0.29% for ASEC.

Which ETF pays a higher dividend yield, SECR or ASEC?

SECR has the higher dividend yield at 6.40%, compared with 0.46% for ASEC.

What is the main difference between SECR and ASEC?

They also come from different issuers: NYLI and American Century. Their fees differ too: 0.28% for SECR and 0.29% for ASEC.