TIPX vs. MTBA
Compare and contrast key facts about SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Simplify MBS ETF (MTBA).
TIPX and MTBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023.
Performance
TIPX vs. MTBA - Performance Comparison
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TIPX vs. MTBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.63% | 7.15% | 3.08% | 2.71% |
MTBA Simplify MBS ETF | -0.43% | 7.74% | 1.99% | 3.64% |
Returns By Period
In the year-to-date period, TIPX achieves a 0.63% return, which is significantly higher than MTBA's -0.43% return.
TIPX
- 1D
- 0.05%
- 1M
- -0.77%
- YTD
- 0.63%
- 6M
- 0.80%
- 1Y
- 3.80%
- 3Y*
- 4.01%
- 5Y*
- 2.47%
- 10Y*
- 2.88%
MTBA
- 1D
- 0.28%
- 1M
- -1.80%
- YTD
- -0.43%
- 6M
- 1.22%
- 1Y
- 4.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TIPX vs. MTBA - Expense Ratio Comparison
Both TIPX and MTBA have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
TIPX vs. MTBA — Risk / Return Rank
TIPX
MTBA
TIPX vs. MTBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) 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.
| TIPX | MTBA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.43 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.97 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.80 | +0.18 |
Martin ratioReturn relative to average drawdown | 7.37 | 7.36 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIPX | MTBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.43 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.37 | -0.88 |
Correlation
The correlation between TIPX and MTBA is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TIPX vs. MTBA - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 3.72%, less than MTBA's 6.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.72% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
MTBA Simplify MBS ETF | 6.08% | 5.98% | 6.03% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TIPX vs. MTBA - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for TIPX and MTBA.
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Drawdown Indicators
| TIPX | MTBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -3.48% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -2.69% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -1.80% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -0.74% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.66% | -0.12% |
Volatility
TIPX vs. MTBA - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 0.96%, while Simplify MBS ETF (MTBA) has a volatility of 1.65%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky than MTBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPX | MTBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.65% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 2.09% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 3.33% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 3.97% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.39% | 3.97% | +0.42% |