VABS vs. MTBA

Last updated Jun 24, 2026

VABS (Virtus Newfleet ABS/MBS ETF) and MTBA (Simplify MBS ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, VABS returned 3.93% vs 4.42% for MTBA. A 0.61 correlation means they provide meaningful diversification when combined. VABS charges 0.39%/yr vs 0.15%/yr for MTBA.

Performance

VABS vs. MTBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet ABS/MBS ETF (VABS) 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, VABS achieves a 1.70% return, which is significantly higher than MTBA's -0.06% return.

VABS

• 1D: 0.08%
• 1M: 0.45%
• YTD: 1.70%
• 6M: 1.84%
• 1Y: 3.93%
• 3Y*: 6.26%
• 5Y*: 3.26%
• 10Y*: —

MTBA

• 1D: 0.00%
• 1M: 0.59%
• YTD: -0.06%
• 6M: 0.09%
• 1Y: 4.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VABS vs. MTBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VABS Virtus Newfleet ABS/MBS ETF	1.70%	5.40%	7.59%	2.04%
MTBA Simplify MBS ETF	-0.06%	7.74%	1.99%	3.67%

Correlation

The correlation between VABS and MTBA is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.61

The correlation between VABS and MTBA has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

VABS vs. MTBA — Risk / Return Rank

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

VABS

VABS Risk / Return Rank: 70
VABS Sharpe Ratio Rank: 64
VABS Sortino Ratio Rank: 62
VABS Omega Ratio Rank: 79
VABS Calmar Ratio Rank: 81
VABS Martin Ratio Rank: 62

MTBA

MTBA Risk / Return Rank: 39
MTBA Sharpe Ratio Rank: 42
MTBA Sortino Ratio Rank: 41
MTBA Omega Ratio Rank: 44
MTBA Calmar Ratio Rank: 33
MTBA Martin Ratio Rank: 34

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.

VABS vs. MTBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet ABS/MBS ETF (VABS) 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.

	VABS	MTBA	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.43	+0.54
Sortino ratio: Return per unit of downside risk	2.70	2.02	+0.68
Omega ratio: Gain probability vs. loss probability	1.43	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	4.01	1.57	+2.44
Martin ratio: Return relative to average drawdown	10.35	4.96	+5.39

VABS vs. MTBA - Sharpe Ratio Comparison

The current VABS Sharpe Ratio is 1.97, which is higher than the MTBA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of VABS 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

VABS vs. MTBA - Drawdown Comparison

The maximum VABS drawdown since its inception was -7.12%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for VABS and MTBA.

Drawdown Indicators

	VABS	MTBA	Difference
Max Drawdown Largest peak-to-trough decline	-7.12%	-3.48%	-3.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.98%	-2.82%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-1.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.12%	—	—
Current Drawdown Current decline from peak	-0.15%	-1.44%	+1.29%
Average Drawdown Average peak-to-trough decline	-1.40%	-0.80%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.89%	-0.51%

Volatility

VABS vs. MTBA - Volatility Comparison

The current volatility for Virtus Newfleet ABS/MBS ETF (VABS) is 0.37%, while Simplify MBS ETF (MTBA) has a volatility of 0.96%. This indicates that VABS 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.

Volatility by Period

	VABS	MTBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.96%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	1.06%	2.57%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	2.01%	3.10%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.30%	3.95%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.24%	3.95%	-1.71%

VABS vs. MTBA - Expense Ratio Comparison

VABS has a 0.39% expense ratio, which is higher than MTBA's 0.15% expense ratio.

Dividends

VABS vs. MTBA - Dividend Comparison

VABS's dividend yield for the trailing twelve months is around 5.07%, less than MTBA's 6.08% yield.

Position	TTM	2025	2024	2023	2022	2021
MTBA Simplify MBS ETF	6.08%	5.98%	6.03%	0.48%	0.00%	0.00%
VABS Virtus Newfleet ABS/MBS ETF	5.07%	4.94%	5.05%	4.13%	2.47%	1.47%

Frequently Asked Questions

Can I hold both VABS and MTBA in my portfolio?

VABS and MTBA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VABS or MTBA?

MTBA has higher volatility (0.96%) compared to VABS (0.37%). In terms of maximum drawdown, VABS dropped -7.12% vs MTBA's -3.48%.

Which ETF is better, VABS or MTBA?

On 1-year performance, MTBA leads with 4.42% vs 3.93% for VABS. On fees, MTBA is cheaper at 0.15% per year. On volatility, VABS has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VABS or MTBA?

Over the 1-year period, MTBA has performed better with a 4.42% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VABS or MTBA?

MTBA is cheaper with a 0.15% expense ratio, compared with 0.39% for VABS.

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

MTBA has the higher dividend yield at 6.08%, compared with 5.07% for VABS.

What is the main difference between VABS and MTBA?

They also come from different issuers: Virtus Investment Partners and Simplify. Their fees differ too: 0.39% for VABS and 0.15% for MTBA.

Which has better risk-adjusted returns?

VABS currently has the higher Sharpe Ratio (1.97 vs 1.43), 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.