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CMBS vs SMBS

iShares CMBS ETF vs Schwab Mortgage-Backed Securities ETF

CMBS

iShares CMBS ETF

iShares

Annual cost

0.25%

Fund size

$481M

SMBS

Schwab Mortgage-Backed Securities ETF

Schwab ETFs

Annual cost

0.03%

Fund size

$6.3B

Key differences

  • SMBS costs 0.22% less per year.
  • SMBS is significantly larger than CMBS — larger funds tend to be more liquid and less likely to close.
  • CMBS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CMBSSMBS
Annual cost (TER)0.25%0.03%
Fund size (AUM)$481M$6.3B
Since20122024
Dividend yield3.52%4.82%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+4.7%+7.2%
CAGR 3Y+4.9%N/A
CAGR 5Y+0.9%N/A
Sharpe 3Y0.30N/A
Volatility 1Y3.64%4.18%
Max drawdown-15.87%-3.20%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CMBS and SMBS