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PMBS vs SMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

PMBSDNasdaq

Schwab Mortgage-Backed Securities ETF

SMBSANYSE Arca

Overlap

Expense ratio

SMBS −0.80pt a year

PMBS0.83%SMBS0.03%

Avg volume · 30D

SMBS 6.4×the volume

PMBS159KSMBS1.01M

PMBS vs SMBS Performance

Oct 31, 2025 – Oct 30, 2026

−0.1%PMBS+0.3%SMBS

Oct 31, 2025 to Oct 30, 2026. PMBS −0.1%. SMBS +0.3%. Use the arrow keys to read each point.−3%−2%2%3%Oct 2025Apr 2026Oct 2026
Expense ratio
PMBS 0.83%
SMBS 0.03%, better
Fund size
PMBS $1.35B
SMBS $6.45B
1Y total return
PMBS −0.1%
SMBS +0.3%, better
Yield (12M)
PMBS 4.89%
SMBS 5.32%, better
Holdings
PMBS 1233
SMBS 4343
Avg volume (30D)
PMBS 159K sh
SMBS 1.01M sh, better
NAV per share
PMBS $47.32
SMBS $24.67
52W range

ETF.net Grade

PMBS: Cost 4, Risk 28, Mission 57, Tradability 56, Holdings 18, Durability 50. SMBS: Cost 94, Risk 35, Mission 61, Tradability 68, Holdings 86, Durability 60.
Pillar letters and Scores for PMBS, SMBS, with each pillar’s weight
PillarPMBSSMBS
Cost30% weightF4A94Higher
Mission25% weightB57B61Higher
Risk15% weightD28D35Higher
Tradability15% weightB56B68Higher
Holdings10% weightF18A86Higher
Durability5% weightC50B60Higher

Rank among Mortgage-Backed Securities funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PMBS and SMBS are both graded against the same 24 Mortgage-Backed Securities funds, so their Grades compare head to head.

Mortgage-Backed Securities⁠

Category · 24 funds
See all 24 ›

SMBS ranks 4th and PMBS 20th 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. Rank 5BJMTGJPMorgan Mortgage-Backed Securities ETFScore 63
  6. Rank 19DSCIOFirst Trust Structured Credit Income Opportunities ETFScore 34
  7. Rank 20DPMBSPIMCO Mortgage-Backed Securities Active Exchange-Traded FundScore 32
  8. Rank 21DGISCGuggenheim Securitized Income ETFScore 31

PMBS vs SMBS 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.

PMBS vs SMBS Cost

Overpaying PMBS vs SMBS

$15,221

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

  • PMBS 0.83%

    $15,859

  • SMBS 0.03%

    $638

$10,000
30 years

Cost over time

  • PMBS 0.83%
  • SMBS 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PMBS $15,859SMBS $638

Year by year

YearPMBSSMBSOverpaying
10$1,474$55$1,419
20$5,581$216$5,365
30$15,859$638$15,221

Expense ratio

  • 0.83%PMBS
  • 0.03%SMBS, cheaper
  • Middle half of Mortgage-Backed Securities funds
  • Median 0.38%

SMBS cheapest of 24 funds

PMBS 23rd cheapest of 24 funds

PMBS vs SMBS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PMBS 4.89%
SMBS 5.32%, better
Payout (12M)
PMBS $2.32
SMBS $1.31
Last payment
PMBS $0.18
SMBS $0.11
Ex-dividend
PMBS Oct 1, 2026
SMBS Oct 1, 2026
Paid on
PMBS Oct 5, 2026
SMBS Oct 7, 2026
Frequency
PMBS Monthly
SMBS Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

PMBSMonthly · 24 paymentsAll PMBS payments⁠
One bar per payment. 24 payments from 2024 to 2026 YTD. Nov 1, 2024 $0.26; Dec 2, 2024 $0.15; Dec 31, 2024 $0.35; Feb 3, 2025 $0.15; Mar 3, 2025 $0.15; Apr 1, 2025 $0.18; May 1, 2025 $0.20; Jun 2, 2025 $0.20; Jul 1, 2025 $0.20; Aug 1, 2025 $0.20; Sep 2, 2025 $0.23; Oct 1, 2025 $0.22; Nov 3, 2025 $0.22; Dec 1, 2025 $0.20; Dec 31, 2025 $0.20; Feb 4, 2026 $0.20; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.19; Jun 1, 2026 $0.19; Jul 1, 2026 $0.18; Aug 3, 2026 $0.18; Sep 1, 2026 $0.18; Oct 1, 2026 $0.18. Use the arrow keys to read each point.$0$0.252026YTD
SMBSMonthly · 22 paymentsAll SMBS payments⁠
One bar per payment. 22 payments from 2024 to 2026 YTD. Dec 20, 2024 $0.12; Feb 3, 2025 $0.13; Mar 3, 2025 $0.10; Apr 1, 2025 $0.10; May 1, 2025 $0.03; Jun 2, 2025 $0.11; Jul 1, 2025 $0.11; Aug 1, 2025 $0.12; Sep 2, 2025 $0.11; Oct 1, 2025 $0.11; Nov 3, 2025 $0.12; Dec 1, 2025 $0.10; Dec 19, 2025 $0.10; Feb 2, 2026 $0.11; Mar 2, 2026 $0.11; Apr 1, 2026 $0.10; May 1, 2026 $0.11; Jun 1, 2026 $0.11; Jul 1, 2026 $0.11; Aug 3, 2026 $0.12; Sep 1, 2026 $0.10; Oct 1, 2026 $0.11. Use the arrow keys to read each point.$0$0.252026YTD

PMBS vs SMBS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PMBS 5.7%since Oct 2024SMBS 4.9%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
PMBS −0.28since Oct 2024SMBS −0.16since Dec 2024
Worst fallMax drawdown, 5 years
PMBS −6.7%since Sep 2024SMBS −5.2%since Nov 2024
Market sensitivityBeta, 5 years
PMBS 0.11SMBS 0.07

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