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SECU vs. MTBA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SECU vs. MTBA

Last updated Jun 25, 2026

SECU (iShares Securitized Income Active ETF) and MTBA (Simplify MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. SECU charges 0.40%/yr vs 0.15%/yr for MTBA.

Performance

SECU vs. MTBA - Performance Comparison

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

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Returns By Period

SECU

1D
0.22%
1M
0.83%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

MTBA

1D
0.43%
1M
1.02%
YTD
0.36%
6M
0.36%
1Y
4.62%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SECU vs. MTBA - Yearly Performance Comparison

2026 (YTD)
SECU
iShares Securitized Income Active ETF		1.73%
MTBA
Simplify MBS ETF		0.08%

Correlation

The correlation between SECU and MTBA is 0.47, 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

0.47

Compare stocks, funds, or ETFs

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iShares Securitized Income Active ETF

Simplify MBS ETF

Often compared with SECU:
SECU vs. PMBSSECU vs. DEEDSECU vs. LMBSSECU vs. JSISECU vs. MBSDSECU vs. VMBSSECU vs. LGOV
Often compared with MTBA:
MTBA vs. BUCKMTBA vs. RSSTMTBA vs. AGGHMTBA vs. CDXMTBA vs. JMBSMTBA vs. IRONXMTBA vs. AHTPX

Return for Risk

SECU vs. MTBA — Risk / Return Rank

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

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

MTBA
MTBA Risk / Return Rank: 4343
Overall Rank
MTBA Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
MTBA Sortino Ratio Rank: 4747
Sortino Ratio Rank
MTBA Omega Ratio Rank: 5050
Omega Ratio Rank
MTBA Calmar Ratio Rank: 3535
Calmar Ratio Rank
MTBA Martin Ratio Rank: 3737
Martin Ratio Rank
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.

SECU vs. MTBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Securitized Income Active ETF (SECU) 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.

SECUMTBADifference
Sharpe ratioReturn per unit of total volatility

—

1.49

—

Sortino ratioReturn per unit of downside risk

—

2.11

—

Omega ratioGain probability vs. loss probability

—

1.29

—

Calmar ratioReturn relative to maximum drawdown

—

1.64

—

Martin ratioReturn relative to average drawdown

—

5.16

—

SECU vs. MTBA - Sharpe Ratio Comparison

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Drawdowns

SECU vs. MTBA - Drawdown Comparison

The maximum SECU drawdown since its inception was -1.76%, smaller than the maximum MTBA drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for SECU and MTBA.

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Drawdown Indicators

SECUMTBADifference

Max Drawdown

Largest peak-to-trough decline

-1.76%

-3.48%

+1.72%

Max Drawdown (1Y)

Largest decline over 1 year

—

-2.82%

—

Current Drawdown

Current decline from peak

-0.18%

-1.02%

+0.84%

Average Drawdown

Average peak-to-trough decline

-0.51%

-0.81%

+0.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.90%

—

Volatility

SECU vs. MTBA - Volatility Comparison

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Volatility by Period

SECUMTBADifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.03%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

2.61%

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.30%

3.13%

+0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.30%

3.95%

-0.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.30%

3.95%

-0.65%

SECU vs. MTBA - Expense Ratio Comparison

SECU has a 0.40% expense ratio, which is higher than MTBA's 0.15% expense ratio.

Dividends

SECU vs. MTBA - Dividend Comparison

SECU's dividend yield for the trailing twelve months is around 2.09%, less than MTBA's 6.05% yield.

PositionTTM202520242023
MTBA
Simplify MBS ETF		6.05%5.98%6.03%0.48%
SECU
iShares Securitized Income Active ETF		2.09%0.00%0.00%0.00%

Frequently Asked Questions

SECU and MTBA have a correlation of 0.47, 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 0.40% for SECU.

MTBA has the higher dividend yield at 6.05%, compared with 2.09% for SECU.

They also come from different issuers: iShares and Simplify. Their fees differ too: 0.40% for SECU and 0.15% for MTBA.

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