FSEC vs SMBS
Fidelity Investment Grade Securitized ETF against Schwab Mortgage-Backed Securities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
91 shared positions
Fee gap
33 bp
SMBS is cheaper
1-year return gap
0.6 pts
FSEC is ahead
Larger fund
SMBS
$6.4B
Side by side
| FSEC | SMBS | |
|---|---|---|
| Fund | Fidelity Investment Grade Securitized ETF | Schwab Mortgage-Backed Securities ETF |
| Issuer | Fidelity | Schwab |
| Category | Mortgage & Securitized | Mortgage & Securitized |
| Expense ratio | 0.36% | 0.03% |
| Assets | $4.5B | $6.4B |
| Average daily dollar volume | $25M | $42M |
| Listed | Mar 2, 2021 | Nov 18, 2024 |
| FrenzyCap score | 74 | 94 |
| 1-month return | −1.3% | −1.2% |
| 3-month return | −2.6% | −2.8% |
| Year to date | −4.4% | −5.4% |
| 1-year return | −5.8% | −6.3% |
| 30-day volatility | 6.1% | 6.8% |
| Worst drawdown, 1 year | −7.4% | −8.4% |
| Trailing 12-month yield | 4.62% | 5.39% |
| Holdings | 1,200 | 4,197 |
| Top 10 weight | 23.1% | 2.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$87M thru May 2026 | +$310M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
14% of FSEC · 7% of SMBS| Holding | FSEC | SMBS |
|---|---|---|
| FHLG 30YR 2% 11/50#SD8106, due Nov 1, 2050 | 0.77% | 0.26% |
| GNII II 4.5% 11/54#MB0024, due Nov 20, 2054 | 0.62% | 0.16% |
| GNII II 2% 07/51#MA7471, due Jul 20, 2051 | 0.86% | 0.16% |
| FHLG 30YR 2% 03/51#SD8134, due Mar 1, 2051 | 0.16% | 0.21% |
| FHLG 30YR 2% 02/51#SD8128, due Feb 1, 2051 | 0.13% | 0.18% |
| FHLG 30YR 3% 08/52#SD7555, due Aug 1, 2052 | 0.19% | 0.13% |
| GNII II 2% 10/50#MA6930, due Oct 20, 2050 | 0.14% | 0.11% |
| FHLG 30YR 2% 09/50#SD8090, due Sep 1, 2050 | 0.25% | 0.10% |
| GNII II 2% 01/52#MA7826, due Jan 20, 2052 | 0.70% | 0.10% |
| FNMA 30YR 2% 01/51#MA4237, due Jan 1, 2051 | 0.18% | 0.10% |
| GNII II 3% 04/52#MA7988, due Apr 20, 2052 | 0.92% | 0.10% |
| FHLG 30YR 2.5% 01/52#SD8189, due Jan 1, 2052 | 0.08% | 0.09% |
| FNMA 30YR 2% 04/51#MA4305, due Apr 1, 2051 | 0.10% | 0.08% |
| FHLG 30YR 2% 08/50#SD8097, due Aug 1, 2050 | 0.85% | 0.08% |
| GNII II 3% 05/52#MA8043, due May 20, 2052 | 0.65% | 0.07% |
| FNMA 30YR 2% 05/51#MA4325, due May 1, 2051 | 0.07% | 0.28% |
| FHLG 30YR 6% 04/54#SD7569, due Apr 1, 2054 | 0.21% | 0.07% |
| FNMA 30YR 3% 11/51#FS9709, due Nov 1, 2051 | 0.09% | 0.06% |
| FNMA 30YR 4% 11/50#FS7615, due Nov 1, 2050 | 0.07% | 0.06% |
| GNII II 2% 09/50#MA6864, due Sep 20, 2050 | 0.13% | 0.06% |
| FHLG 30YR 2.5% 04/52#SD7554, due Apr 1, 2052 | 0.37% | 0.06% |
| FHLG 30YR 2.5% 11/51#SD7548, due Nov 1, 2051 | 1.38% | 0.06% |
| GNII II 3% 08/51#MA7535, due Aug 20, 2051 | 0.06% | 0.10% |
| FHLG 30YR 2.5% 02/51#SD7535, due Feb 1, 2051 | 0.06% | 0.11% |
| FNMA 30YR 2% 03/51#MA4281, due Mar 1, 2051 | 0.11% | 0.06% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FSEC holdings · SMBS holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.