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MBSX vs VMBS

Regan Fixed Rate MBS ETF

MBSX—NYSE Arca

Vanguard Mortgage-Backed Securities ETF

VMBSANasdaq

Overlap

No data

Expense ratio

VMBS −0.37pt a year

MBSX0.40%VMBS0.03%

Avg volume · 30D

VMBS 651.7×the volume

MBSX2.84KVMBS1.85M

MBSX vs VMBS Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%MBSX+0.9%VMBS

Oct 31, 2025 to Oct 30, 2026. MBSX −0.7%. VMBS +0.9%. Use the arrow keys to read each point.−5%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
MBSX 0.40%
VMBS 0.03%, better
Fund size
MBSX $19M
VMBS $17.1B
1Y total return
MBSX −0.7%
VMBS +0.9%, better
Yield (12M)
MBSX 3.90%
VMBS 4.31%, better
Holdings
MBSX 104
VMBS 4924
Avg volume (30D)
MBSX 2.84K sh
VMBS 1.85M sh, better
NAV per share
MBSX $26.47
VMBS $45.51
52W range

ETF.net Grade

  • —MBSXUnder classification review
VMBS: Cost 94, Risk 36, Mission 64, Tradability 63, Holdings 86, Durability 92.
Pillar letters and Scores for MBSX, VMBS, with each pillar’s weight
PillarMBSXVMBS
Cost30% weightNot scoredA94
Mission25% weightNot scoredB64
Risk15% weightNot scoredD36
Tradability15% weightNot scoredB63
Holdings10% weightNot scoredA86
Durability5% weightNot scoredA92

Rank among Mortgage-Backed Securities funds

How we build Categories ›

Mortgage-Backed Securities⁠

Category · 24 funds
See all 24 ›

VMBS ranks 3rd of 24 funds in the Mortgage-Backed Securities Category.

  1. Rank 1ASPMBState Street SPDR Portfolio Mortgage Backed Bond ETFScore 75
  2. Rank 2AMBBiShares MBS ETFScore 73
  3. Rank 3AVMBSVanguard Mortgage-Backed Securities ETFScore 72
  4. Rank 4ASMBSSchwab Mortgage-Backed Securities ETFScore 70
  5. MBSXNot yet graded

Our read on each fund

ETF.net Research

MBSX—Regan Fixed Rate MBS ETF

VMBSAVanguard Mortgage-Backed Securities ETF

In short

MBSX No data

VMBS The plumbing of the U.S. housing market in one ticker: pooled home loans from Ginnie, Fannie and Freddie, tracked by index for 0.03% a year, with income paid monthly.

Stated mandate

MBSX No data

VMBS The fund seeks moderate and sustainable current income by investing primarily in U.S. agency mortgage-backed pass-through securities issued by GNMA, FNMA, and FHLMC.

Why people hold it

MBSX No data

  • VMBS 0.03% a year is the cheap end of the mortgage-bond aisle: SPMB and MBB charge 0.04%, JMTG 0.24%, and the typical peer runs far higher.
  • Agency pass-throughs from GNMA, FNMA and FHLMC. Credit isn't the main variable here; rates and mortgage behavior are.vanguard.com
  • Trading since 2009, a multi-billion-dollar fund holding roughly 300 pools and paying monthly. Boring in the way bond ballast is supposed to be.
  • Sits in the top quartile of its mortgage-bond peer group, one of the stronger builds in a crowded, look-alike category.

Worth knowing

MBSX No data

  • VMBS Mortgages don't keep a schedule. Homeowners refinance when rates fall, returning cash to reinvest at lower yields; when rates rise, payoffs slow and bonds stretch out.vanguard.com
  • The mandate is current income from one slice of the bond market. No Treasuries, no corporates, no equity kicker.
  • Share prices move with interest rates, so this behaves like a bond fund, not a cash parking spot.vanguard.com

Full MBSX profile⁠

Full VMBS profile⁠

MBSX vs VMBS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MBSX vs VMBS Cost

Overpaying MBSX vs VMBS

$7,452

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MBSX 0.40%

    $8,090

  • VMBS 0.03%

    $638

$10,000
30 years

Cost over time

  • MBSX 0.40%
  • VMBS 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530MBSX $8,090VMBS $638

Year by year

YearMBSXVMBSOverpaying
10$723$55$668
20$2,793$216$2,577
30$8,090$638$7,452

Expense ratio

  • 0.40%MBSX
  • 0.03%VMBS, cheaper
  • Middle half of Mortgage-Backed Securities funds
  • Median 0.38%

VMBS cheapest of 24 funds

MBSX 15th cheapest of 24 funds

MBSX vs VMBS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MBSX 3.90%
VMBS 4.31%, better
Payout (12M)
MBSX $1.00
VMBS $1.97
Last payment
MBSX $0.05
VMBS $0.16
Ex-dividend
MBSX Oct 28, 2026
VMBS Oct 1, 2026
Paid on
MBSX Oct 29, 2026
VMBS Oct 5, 2026
Frequency
MBSX Monthly
VMBS Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

MBSXMonthly · 18 paymentsAll MBSX payments⁠
One bar per payment. 18 payments from 2023 to 2026 YTD. May 28, 2025 $0.02; Jun 26, 2025 $0.02; Jul 29, 2025 $0.03; Aug 27, 2025 $0.03; Sep 26, 2025 $0.05; Oct 29, 2025 $0.05; Nov 25, 2025 $0.04; Dec 23, 2025 $0.49; Jan 28, 2026 $0.04; Feb 25, 2026 $0.04; Mar 27, 2026 $0.05; Apr 28, 2026 $0.05; May 27, 2026 $0.05; Jun 26, 2026 $0.04; Jul 29, 2026 $0.05; Aug 27, 2026 $0.05; Sep 28, 2026 $0.05; Oct 28, 2026 $0.05. Use the arrow keys to read each point.$0$0.5020232026YTD
VMBSMonthly · 45 paymentsAll VMBS payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.11; Mar 1, 2023 $0.12; Apr 3, 2023 $0.12; May 1, 2023 $0.12; Jun 1, 2023 $0.13; Jul 3, 2023 $0.13; Aug 1, 2023 $0.13; Sep 1, 2023 $0.13; Oct 2, 2023 $0.14; Nov 1, 2023 $0.13; Dec 1, 2023 $0.14; Dec 22, 2023 $0.14; Feb 1, 2024 $0.14; Mar 1, 2024 $0.15; Apr 1, 2024 $0.15; May 1, 2024 $0.15; Jun 3, 2024 $0.15; Jul 1, 2024 $0.15; Aug 1, 2024 $0.15; Sep 3, 2024 $0.15; Oct 1, 2024 $0.15; Nov 1, 2024 $0.15; Dec 2, 2024 $0.15; Dec 24, 2024 $0.15; Feb 3, 2025 $0.16; Mar 3, 2025 $0.16; Apr 1, 2025 $0.16; May 1, 2025 $0.20; Jun 2, 2025 $0.16; Jul 1, 2025 $0.16; Aug 1, 2025 $0.16; Sep 2, 2025 $0.17; Oct 1, 2025 $0.15; Nov 3, 2025 $0.17; Dec 1, 2025 $0.16; Dec 18, 2025 $0.16; Feb 2, 2026 $0.16; Mar 2, 2026 $0.16; Apr 1, 2026 $0.16; May 1, 2026 $0.16; Jun 1, 2026 $0.16; Jul 1, 2026 $0.16; Aug 3, 2026 $0.17; Sep 1, 2026 $0.17; Oct 1, 2026 $0.16. Use the arrow keys to read each point.$0$0.5020232026YTD

MBSX vs VMBS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MBSX 34.4%since Jun 2025VMBS 6.3%
Return per unit of riskSharpe ratio, 3 years
MBSX 0.15since Jun 2025VMBS 0.33
Worst fallMax drawdown, 5 years
MBSX −27.6%since May 2025VMBS −16.9%
Market sensitivityBeta, 5 years
MBSX 0.58VMBS 1.12

Popular comparisons

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