Simplify MBS ETF
$47.10+0.09 (+0.19%)
- 0.25%
- $946M
- −1.3%
- 6.21%
- 0.3M sh
- $47.00
- low $46.53high $50.80
The ETF.net MTBA Grade
B
Score 57 out of 100
- 7 of 25
Score 57 of 100 falls in the B 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.B55 out of 100Rank 4 of 20Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 12 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A80 out of 100Rank 4 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D25 out of 100Rank 22 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 14 of 25
Our read on MTBA
BMost funds in the aggregate-bond aisle buy a little of everything. Simplify's mortgage ETF goes one lane deep: agency mortgage bonds, actively run, launched in 2023, paying monthly.
The fund seeks total return while preserving capital through prudent investment management.
Why people hold it
- Costs 0.25% a year, below the 0.36% median for its bond-fund category. Cheap for an actively managed sleeve.
- One clear job: total return while preserving capital, per Simplify's own mandate. A specialist tool, not a repackaged broad-market index.simplify.us
- Pays monthly, has pulled in real assets since its 2023 launch, and trades with moderate volume for a niche bond fund.
- Lands in the upper half of a crowded aggregate-bond field, and its holdings line up closely with the mandate it advertises.
Worth knowing
- The index heavyweights undercut it hard: BND, SPAB and SCHZ all run at 0.03%. You are paying up for active mortgage selection.
- This is one slice of the bond market, not a diversified core. No corporates, no Treasuries ballast beyond what the mortgage sleeve holds.
- Launched in November 2023, so its track record is short by bond-fund standards and spans only one rate environment.
MTBA Holdings
- Bonds
- 11
- 100%
- SBIL
Sectors
- Financials100.0%
Geography
- United States100.00%
MTBA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MTBA$9,872
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 | MTBA |
|---|---|
| Year to date | −2.6% |
| 1 month | −1.1% |
| 3 months | −2.5% |
| 1 year | −1.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | MTBA |
|---|---|---|
| 2026 YTD | −2.6% | |
| 2025 | +7.8% | |
| 2024 | +2.0% | |
| 2023 | +3.6% |
MTBA in the news
MTBA Dividends
- 6.21%
- $2.92
- $0.23 per share
- Monthly
Distribution history
MTBA Risk
- 4.2%
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.
- −0.34
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.
- −4.6%
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.
- 0.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MTBA Cost
0.25%
MTBA0.25%
- 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
- BJMTGJPMorgan Mortgage-Backed Securities ETFExpense ratio 0.37%1 year return −1.2%
- BMBSDNorthern Trust Disciplined Duration MBS ETFExpense ratio 0.21%1 year return −0.7%
- BGNMAiShares GNMA Bond ETFExpense ratio 0.11%1 year return −1.7%
- CMBBAiShares Mortgage-Backed Securities Active ETFExpense ratio 0.26%1 year return —
- CCMBSiShares CMBS ETFExpense ratio 0.25%1 year return 0.0%