iShares CMBS ETF
$47.30−0.13 (−0.27%)
- 0.25%
- $435M
- 0.0%
- 3.73%
- 0M sh
- $47.24
- low $47.09high $49.89
The ETF.net CMBS Grade
C
Score 52 out of 100
- 10 of 25
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 8 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.F20 out of 100Rank 18 of 20Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 8 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 13 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 5 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 7 of 25
Our read on CMBS
CThe index route into commercial mortgage bonds: debt on offices, hotels, malls and apartment blocks rather than home loans. Running since 2012, screened to investment-grade, top-of-the-waterfall slices.
The fund seeks to track an index composed of U.S. investment-grade commercial mortgage-backed securities.
Why people hold it
- The index takes only ERISA-eligible tranches with first priority of principal repayment, rated in one of the three highest categories, plus minimum deal and tranche sizes.sec.gov
- 0.25% a year sits under the 0.30% median fee for mortgage-bond ETFs, notable for a corner of the market this specialized.
- Roughly 500 bond positions, monthly distributions, and a track record going back to its 2012 launch.
- Single mandate, clearly stated: track an index of U.S. investment-grade commercial mortgage-backed securities. No credit tourism, no off-benchmark detours.ishares.com
Worth knowing
- Thinly traded next to the agency-MBS giants in its category, so the spread you pay and the order type you use matter more here.
- Cheap for a niche, still not cheap outright: agency-mortgage peers VMBS and SMBS run 0.03%, so broad mortgage exposure costs a fraction of this.
- BlackRock flags prepayment and extension risk on these bonds, and notes small interest-rate moves can sharply cut the value of certain mortgage securities.ishares.com
CMBS Holdings
- Bonds
- 441
- 9%
- FHMS_K163 A2 5.00% 03/25/2034
Sectors
- CMBS99.8%
- Treasuries0.2%
Geography
- United States100.00%
CMBS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CMBS$9,999
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CMBS |
|---|---|
| Year to date | −0.7% |
| 1 month | −0.3% |
| 3 months | −1.1% |
| 1 year | 0.0% |
| 3 years | +5.6% |
| 5 years | +0.7% |
| 10 years | +1.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CMBS |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +7.7% | |
| 2024 | +4.3% | |
| 2023 | +5.1% | |
| 2022 | −11.2% | |
| 2021 | −1.8% | |
| 2020 | +7.9% |
CMBS in the news
CMBS Dividends
- 3.73%
- $1.77
- $0.15 per share
- Monthly
Distribution history
CMBS Risk
- 4.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.74
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CMBS Cost
0.25%
CMBS0.25%
- The middle half of Mortgage-Backed Securities funds
- Median 0.36%
7 of the 24 Mortgage-Backed Securities funds charge less.
Other funds in Mortgage-Backed Securities
- BGNMAiShares GNMA Bond ETFExpense ratio 0.11%1 year return −1.7%
- CMBBAiShares Mortgage-Backed Securities Active ETFExpense ratio 0.26%1 year return —
- CDMBSDoubleline Etf Trust - Mortgage ETFExpense ratio 0.39%1 year return −1.9%
- CLMBSFirst Trust Low Duration Opportunities ETFExpense ratio 0.66%1 year return +1.4%
- CCAAAFirst Trust AAA CMBS ETFExpense ratio 0.30%1 year return +0.6%