SMBS.L vs. LMBS
Compare and contrast key facts about iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) and First Trust Low Duration Mortgage Opportunities ETF (LMBS).
SMBS.L and LMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMBS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on May 23, 2016. LMBS is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMBS.L or LMBS.
Correlation
The correlation between SMBS.L and LMBS is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SMBS.L vs. LMBS - Performance Comparison
Key characteristics
SMBS.L:
0.73
LMBS:
2.28
SMBS.L:
1.14
LMBS:
3.42
SMBS.L:
1.13
LMBS:
1.43
SMBS.L:
0.28
LMBS:
3.87
SMBS.L:
3.11
LMBS:
9.90
SMBS.L:
1.66%
LMBS:
0.59%
SMBS.L:
7.01%
LMBS:
2.58%
SMBS.L:
-20.65%
LMBS:
-6.48%
SMBS.L:
-13.33%
LMBS:
-0.21%
Returns By Period
In the year-to-date period, SMBS.L achieves a 0.43% return, which is significantly lower than LMBS's 0.70% return.
SMBS.L
0.43%
-1.26%
3.35%
5.32%
-0.42%
N/A
LMBS
0.70%
0.64%
1.38%
5.82%
1.64%
2.58%
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SMBS.L vs. LMBS - Expense Ratio Comparison
SMBS.L has a 0.28% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Risk-Adjusted Performance
SMBS.L vs. LMBS — Risk-Adjusted Performance Rank
SMBS.L
LMBS
SMBS.L vs. LMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). 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.
Dividends
SMBS.L vs. LMBS - Dividend Comparison
SMBS.L's dividend yield for the trailing twelve months is around 3.49%, less than LMBS's 3.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 3.49% | 3.50% | 3.23% | 2.39% | 2.22% | 2.71% | 3.06% | 2.99% | 3.00% | 1.51% | 0.00% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 3.86% | 4.28% | 3.96% | 2.23% | 2.04% | 2.27% | 2.56% | 2.77% | 2.74% | 2.85% | 3.04% | 0.37% |
Drawdowns
SMBS.L vs. LMBS - Drawdown Comparison
The maximum SMBS.L drawdown since its inception was -20.65%, which is greater than LMBS's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for SMBS.L and LMBS. For additional features, visit the drawdowns tool.
Volatility
SMBS.L vs. LMBS - Volatility Comparison
iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) has a higher volatility of 1.67% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.57%. This indicates that SMBS.L's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.