SECR vs. MTBA

Last updated Jun 23, 2026

SECR (NYLI MacKay Securitized Income ETF) and MTBA (Simplify MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, SECR returned 4.47% vs 4.63% for MTBA. Their correlation of 0.85 suggests significant overlap in exposure. SECR charges 0.28%/yr vs 0.15%/yr for MTBA.

Performance

SECR vs. MTBA - Performance Comparison

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

Returns By Period

In the year-to-date period, SECR achieves a 0.62% return, which is significantly higher than MTBA's -0.06% return.

SECR

• 1D: -0.24%
• 1M: 0.42%
• YTD: 0.62%
• 6M: 0.69%
• 1Y: 4.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MTBA

• 1D: -0.12%
• 1M: 0.59%
• YTD: -0.06%
• 6M: 0.09%
• 1Y: 4.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SECR vs. MTBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SECR NYLI MacKay Securitized Income ETF	0.62%	7.85%	4.71%
MTBA Simplify MBS ETF	-0.06%	7.74%	2.58%

Correlation

The correlation between SECR and MTBA is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 31, 2024	0.85

The correlation between SECR and MTBA has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

SECR vs. MTBA — Risk / Return Rank

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

SECR

SECR Risk / Return Rank: 32
SECR Sharpe Ratio Rank: 33
SECR Sortino Ratio Rank: 33
SECR Omega Ratio Rank: 31
SECR Calmar Ratio Rank: 32
SECR Martin Ratio Rank: 31

MTBA

MTBA Risk / Return Rank: 40
MTBA Sharpe Ratio Rank: 44
MTBA Sortino Ratio Rank: 43
MTBA Omega Ratio Rank: 46
MTBA Calmar Ratio Rank: 34
MTBA Martin Ratio Rank: 35

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. MTBA - Risk-Adjusted Trends Comparison

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

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	MTBA	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.50	-0.36
Sortino ratio: Return per unit of downside risk	1.69	2.11	-0.42
Omega ratio: Gain probability vs. loss probability	1.20	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.53	1.65	-0.12
Martin ratio: Return relative to average drawdown	4.32	5.22	-0.90

SECR vs. MTBA - Sharpe Ratio Comparison

The current SECR Sharpe Ratio is 1.14, which is comparable to the MTBA Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of SECR and MTBA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SECR vs. MTBA - Drawdown Comparison

The maximum SECR drawdown since its inception was -3.93%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for SECR and MTBA.

Drawdown Indicators

	SECR	MTBA	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-3.48%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-2.82%	-0.12%
Current Drawdown Current decline from peak	-1.67%	-1.44%	-0.23%
Average Drawdown Average peak-to-trough decline	-1.09%	-0.80%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.89%	+0.15%

Volatility

SECR vs. MTBA - Volatility Comparison

NYLI MacKay Securitized Income ETF (SECR) and Simplify MBS ETF (MTBA) have volatilities of 1.00% and 0.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SECR	MTBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	0.97%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	2.58%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	3.11%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.61%	3.95%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.61%	3.95%	+0.66%

SECR vs. MTBA - Expense Ratio Comparison

SECR has a 0.28% expense ratio, which is higher than MTBA's 0.15% expense ratio.

Dividends

SECR vs. MTBA - Dividend Comparison

SECR's dividend yield for the trailing twelve months is around 6.28%, more than MTBA's 6.08% yield.

Position	TTM	2025	2024	2023
MTBA Simplify MBS ETF	6.08%	5.98%	6.03%	0.48%
SECR NYLI MacKay Securitized Income ETF	6.28%	6.68%	3.24%	0.00%

Frequently Asked Questions

Can I hold both SECR and MTBA in my portfolio?

SECR and MTBA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SECR or MTBA?

SECR has higher volatility (1.00%) compared to MTBA (0.97%). In terms of maximum drawdown, SECR dropped -3.93% vs MTBA's -3.48%.

Which ETF is better, SECR or MTBA?

On 1-year performance, MTBA leads with 4.63% vs 4.47% for SECR. On fees, MTBA is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SECR or MTBA?

Over the 1-year period, MTBA has performed better with a 4.63% return vs 4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SECR or MTBA?

MTBA is cheaper with a 0.15% expense ratio, compared with 0.28% for SECR.

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

SECR has the higher dividend yield at 6.28%, compared with 6.08% for MTBA.

What is the main difference between SECR and MTBA?

They also come from different issuers: NYLI and Simplify. Their fees differ too: 0.28% for SECR and 0.15% for MTBA.

Which has better risk-adjusted returns?

MTBA currently has the higher Sharpe Ratio (1.50 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.