SMBS vs VMBS
Schwab Mortgage-Backed Securities ETF against Vanguard Mortgage-Backed Securities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
58%
3169 shared positions
Fee gap
0 bp
same fee
1-year return gap
1.0 pts
VMBS is ahead
Larger fund
VMBS
$15.7B
Side by side
| SMBS | VMBS | |
|---|---|---|
| Fund | Schwab Mortgage-Backed Securities ETF | Vanguard Mortgage-Backed Securities ETF |
| Issuer | Schwab | Vanguard |
| Category | Mortgage & Securitized | Mortgage & Securitized |
| Expense ratio | 0.03% | 0.03% |
| Assets | $6.4B | $15.7B |
| Average daily dollar volume | $42M | $120M |
| Listed | Nov 18, 2024 | Nov 19, 2009 |
| FrenzyCap score | 94 | 99 |
| 1-month return | −1.0% | −1.1% |
| 3-month return | −3.0% | −2.8% |
| Year to date | −5.3% | −4.7% |
| 1-year return | −6.1% | −5.1% |
| 30-day volatility | 6.8% | 6.2% |
| Worst drawdown, 1 year | −8.4% | −7.7% |
| Trailing 12-month yield | 5.38% | 4.38% |
| Holdings | 4,197 | 4,939 |
| Top 10 weight | 2.9% | 2.7% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$310M thru May 2026 | +$460M thru May 2026 |
| 30-day implied volatility | — | 7.9% |
| Holdings as of | as of May 31, 2026SEC filing | as of Sep 30, 2026issuer data |
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
75% of SMBS · 63% of VMBS| Holding | SMBS | VMBS |
|---|---|---|
| Government National Mortgage Association 5%, due Nov 20, 2054 | 0.47% | 0.28% |
| Government National Mortgage Association 5%, due Jan 20, 2056 | 0.24% | 0.28% |
| Fannie Mae 2%, due May 1, 2051 | 0.28% | 0.20% |
| Government National Mortgage Association 5%, due Dec 20, 2055 | 0.24% | 0.20% |
| Freddie Mac 2%, due Nov 1, 2050 | 0.26% | 0.18% |
| Freddie Mac 2%, due Mar 1, 2051 | 0.21% | 0.18% |
| Freddie Mac 2%, due Feb 1, 2051 | 0.18% | 0.20% |
| Government National Mortgage Association 2%, due Jan 20, 2051 | 0.20% | 0.18% |
| Government National Mortgage Association 2%, due Apr 20, 2051 | 0.17% | 0.19% |
| Government National Mortgage Association 4.5%, due Oct 20, 2052 | 0.17% | 0.19% |
| Government National Mortgage Association 2%, due Nov 20, 2050 | 0.19% | 0.17% |
| Government National Mortgage Association 4.5%, due Nov 20, 2054 | 0.16% | 0.25% |
| Fannie Mae 2%, due Jul 1, 2051 | 0.16% | 0.16% |
| Government National Mortgage Association 4%, due Sep 20, 2052 | 0.19% | 0.16% |
| Freddie Mac 2%, due Nov 1, 2051 | 0.16% | 0.15% |
| Freddie Mac 5.5%, due Feb 1, 2055 | 0.15% | 0.15% |
| Fannie Mae 2%, due Feb 1, 2051 | 0.18% | 0.15% |
| Freddie Mac 6%, due Jul 1, 2055 | 0.16% | 0.15% |
| Government National Mortgage Association 6%, due Sep 20, 2055 | 0.15% | 0.15% |
| Freddie Mac 5%, due Feb 1, 2056 | 0.15% | 0.27% |
| Government National Mortgage Association 2%, due Jul 20, 2051 | 0.16% | 0.15% |
| Freddie Mac 5.5%, due Oct 1, 2055 | 0.14% | 0.21% |
| Freddie Mac 2%, due Dec 1, 2051 | 0.14% | 0.14% |
| Government National Mortgage Association 5.5%, due Jan 20, 2056 | 0.14% | 0.16% |
| Government National Mortgage Association 5%, due Dec 20, 2054 | 0.19% | 0.14% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SMBS holdings · VMBS 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.