XHYE vs. MTBA

Last updated Apr 2, 2026

Compare and contrast key facts about BondBloxx US High Yield Energy Sector ETF (XHYE) and Simplify MBS ETF (MTBA).

XHYE and MTBA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYE is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Energy Index. It was launched on Feb 15, 2022. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023.

Performance

XHYE vs. MTBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Energy Sector ETF (XHYE) and Simplify MBS ETF (MTBA). The values are adjusted to include any dividend payments, if applicable.

XHYE vs. MTBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XHYE BondBloxx US High Yield Energy Sector ETF	2.70%	6.73%	7.46%	3.23%
MTBA Simplify MBS ETF	-0.39%	7.74%	1.99%	3.64%

Returns By Period

In the year-to-date period, XHYE achieves a 2.70% return, which is significantly higher than MTBA's -0.39% return.

XHYE

• 1D: 0.42%
• 1M: -0.19%
• YTD: 2.70%
• 6M: 3.36%
• 1Y: 8.26%
• 3Y*: 7.85%
• 5Y*: —
• 10Y*: —

MTBA

• 1D: 0.04%
• 1M: -1.47%
• YTD: -0.39%
• 6M: 1.12%
• 1Y: 4.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XHYE vs. MTBA - Expense Ratio Comparison

XHYE has a 0.35% expense ratio, which is higher than MTBA's 0.15% expense ratio.

XHYE

BondBloxx US High Yield Energy Sector ETF

MTBA

Simplify MBS ETF

Return for Risk

XHYE vs. MTBA — Risk / Return Rank

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

XHYE

XHYE Risk / Return Rank: 64
XHYE Sharpe Ratio Rank: 69
XHYE Sortino Ratio Rank: 66
XHYE Omega Ratio Rank: 79
XHYE Calmar Ratio Rank: 49
XHYE Martin Ratio Rank: 58

MTBA

MTBA Risk / Return Rank: 69
MTBA Sharpe Ratio Rank: 73
MTBA Sortino Ratio Rank: 71
MTBA Omega Ratio Rank: 67
MTBA Calmar Ratio Rank: 66
MTBA Martin Ratio Rank: 67

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.

XHYE vs. MTBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Energy Sector ETF (XHYE) 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.

	XHYE	MTBA	Difference
Sharpe ratio Return per unit of total volatility	1.29	1.34	-0.05
Sortino ratio Return per unit of downside risk	1.77	1.85	-0.07
Omega ratio Gain probability vs. loss probability	1.32	1.25	+0.06
Calmar ratio Return relative to maximum drawdown	1.48	1.78	-0.29
Martin ratio Return relative to average drawdown	6.58	7.17	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYE vs. MTBA - Sharpe Ratio Comparison

The current XHYE Sharpe Ratio is 1.29, which is comparable to the MTBA Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of XHYE and MTBA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHYE	MTBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.34	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.37	-0.54

Correlation

The correlation between XHYE and MTBA is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XHYE vs. MTBA - Dividend Comparison

XHYE's dividend yield for the trailing twelve months is around 6.44%, more than MTBA's 6.08% yield.

	TTM	2025	2024	2023	2022
XHYE BondBloxx US High Yield Energy Sector ETF	6.44%	6.55%	7.04%	6.46%	5.46%
MTBA Simplify MBS ETF	6.08%	5.98%	6.03%	0.48%	0.00%

Drawdowns

XHYE vs. MTBA - Drawdown Comparison

The maximum XHYE drawdown since its inception was -8.87%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for XHYE and MTBA.

Drawdown Indicators

	XHYE	MTBA	Difference
Max Drawdown Largest peak-to-trough decline	-8.87%	-3.48%	-5.39%
Max Drawdown (1Y) Largest decline over 1 year	-5.69%	-2.69%	-3.00%
Current Drawdown Current decline from peak	-0.27%	-1.76%	+1.49%
Average Drawdown Average peak-to-trough decline	-1.47%	-0.74%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	0.67%	+0.61%

Volatility

XHYE vs. MTBA - Volatility Comparison

The current volatility for BondBloxx US High Yield Energy Sector ETF (XHYE) is 1.01%, while Simplify MBS ETF (MTBA) has a volatility of 1.65%. This indicates that XHYE 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

	XHYE	MTBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	1.65%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	2.09%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	6.41%	3.33%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.73%	3.97%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.73%	3.97%	+3.76%