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MTBA vs NMB

Simplify MBS ETF vs Simplify National Muni Bond ETF

MTBA

Simplify MBS ETF

Simplify Asset Management

Annual cost

0.15%

Fund size

$1.7B

NMB

Simplify National Muni Bond ETF

Simplify Asset Management

Annual cost

0.52%

Fund size

$46M

Key differences

  • MTBA costs 0.37% less per year.
  • MTBA is significantly larger than NMB — larger funds tend to be more liquid and less likely to close.
  • MTBA is classified as alternative, while NMB is fixed income — different risk/return profiles.
  • MTBA follows a multi strategy strategy; NMB uses active selection.

Side-by-side comparison

MTBANMB
Annual cost (TER)0.15%0.52%
Fund size (AUM)$1.7B$46M
Since20232024
Dividend yield5.53%5.60%
Asset classalternativefixed income
Regionnorth americanorth america
Strategymulti strategyactive selection
CAGR 1Y+5.5%+3.0%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y3.11%8.41%
Max drawdown-3.48%-13.69%

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

Similar to MTBA and NMB