Simplify MBS ETF
$47.44−0.41 (−0.85%)
- Expense ratio
- 0.25%
- Fund size
- $1.3B
- 1Y return
- +0.3%
- Yield · Last 12 months
- 6.15%
- Holdings
- 9
- Volume · 30D
- 0.2M sh
- NAV per share
- $47.84
- 52W range
The ETF.net MTBA Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 63Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 48Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 77Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 25Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on MTBA
CMost 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
- 9
- 100%
- SBIL
Sectors
Geography
MTBA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −1.4% |
| 1 month | −1.2% |
| 3 months | −1.3% |
| 1 year | +0.3% |
| 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 | −1.4% | |
| 2025 | +7.8% | |
| 2024 | +2.0% | |
| 2023 | +3.6% |
MTBA in the news
ETF.net Research hasn’t filed on MTBA yet — coverage lands here as it’s written.
MTBA Dividends
- 6.15%
- $2.94
- $0.23 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.23 |
| Jul 28, 2026 | Jul 31, 2026 | $0.23 |
| Jun 25, 2026 | Jun 30, 2026 | $0.23 |
| May 26, 2026 | May 29, 2026 | $0.24 |
| Apr 27, 2026 | Apr 30, 2026 | $0.24 |
| Mar 26, 2026 | Mar 31, 2026 | $0.24 |
| Feb 24, 2026 | Feb 27, 2026 | $0.25 |
| Jan 27, 2026 | Jan 30, 2026 | $0.25 |
| Dec 23, 2025 | Dec 31, 2025 | $0.28 |
| Nov 21, 2025 | Nov 28, 2025 | $0.25 |
| Oct 28, 2025 | Oct 31, 2025 | $0.25 |
| Sep 25, 2025 | Sep 30, 2025 | $0.25 |
MTBA Risk
- 3.8%
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.
- −0.08
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.
- −3.5%
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
- The middle half of Mortgage-Backed Securities funds
- Median 0.32%
8 of the 24 Mortgage-Backed Securities funds charge less.