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PMBS vs SPMB

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund vs State Street SPDR Portfolio Mortgage Backed Bond ETF

PMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

PIMCO

Annual cost

0.71%

Fund size

$1.3B

SPMB

State Street SPDR Portfolio Mortgage Backed Bond ETF

State Street Investment Management

Annual cost

0.04%

Fund size

$6.9B

Key differences

  • SPMB costs 0.67% less per year.
  • SPMB is significantly larger than PMBS — larger funds tend to be more liquid and less likely to close.
  • PMBS is classified as alternative, while SPMB is fixed income — different risk/return profiles.
  • PMBS follows a tactical allocation strategy; SPMB uses index tracking.
  • PMBS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PMBSSPMB
Annual cost (TER)0.71%0.04%
Fund size (AUM)$1.3B$6.9B
Since19972009
Dividend yield4.98%4.04%
Asset classalternativefixed income
Regionnorth america
Strategytactical allocationindex tracking
CAGR 1Y+8.2%+7.2%
CAGR 3YN/A+4.0%
CAGR 5YN/A+0.2%
Sharpe 3YN/A0.10
Volatility 1Y4.26%4.28%
Max drawdown-4.35%-18.03%

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

Similar to PMBS and SPMB