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SPMB vs PMBS

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

SPMB

State Street SPDR Portfolio Mortgage Backed Bond ETF

State Street Investment Management

Annual cost

0.04%

Fund size

$6.9B

PMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

PIMCO

Annual cost

0.71%

Fund size

$1.3B

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.
  • SPMB is classified as fixed income, while PMBS is alternative — different risk/return profiles.
  • SPMB follows a index tracking strategy; PMBS uses tactical allocation.
  • PMBS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPMBPMBS
Annual cost (TER)0.04%0.71%
Fund size (AUM)$6.9B$1.3B
Since20091997
Dividend yield4.04%4.98%
Asset classfixed incomealternative
Regionnorth america
Strategyindex trackingtactical allocation
CAGR 1Y+7.2%+8.2%
CAGR 3Y+4.0%N/A
CAGR 5Y+0.2%N/A
Sharpe 3Y0.10N/A
Volatility 1Y4.28%4.26%
Max drawdown-18.03%-4.35%

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

Similar to SPMB and PMBS