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NMB vs MTBA

Simplify National Muni Bond ETF vs Simplify MBS ETF

NMB

Simplify National Muni Bond ETF

Simplify Asset Management

Annual cost

0.52%

Fund size

$46M

MTBA

Simplify MBS ETF

Simplify Asset Management

Annual cost

0.15%

Fund size

$1.7B

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.
  • NMB is classified as fixed income, while MTBA is alternative — different risk/return profiles.
  • NMB follows a active selection strategy; MTBA uses multi strategy.

Side-by-side comparison

NMBMTBA
Annual cost (TER)0.52%0.15%
Fund size (AUM)$46M$1.7B
Since20242023
Dividend yield5.60%5.53%
Asset classfixed incomealternative
Regionnorth americanorth america
Strategyactive selectionmulti strategy
CAGR 1Y+3.0%+5.5%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y8.41%3.11%
Max drawdown-13.69%-3.48%

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

Similar to NMB and MTBA