{"url":"https://etfiq.com/compare/any/pmbs-vs-smbs","section":"compare","title":"PMBS vs SMBS: Differences, Returns & Fees | ETFIQ","description":"PMBS and SMBS side by side to Oct 9, 2026: one-year total return \u22122.0% against \u22121.0%, expense ratio 0.71% against 0.03%.","as_of":"Oct 9, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which returned more over the last year, PMBS or SMBS?","acceptedAnswer":{"@type":"Answer","text":"In the year to Oct 9, 2026, with distributions reinvested, PMBS returned \u22122.0% and SMBS \u22121.0%."}},{"@type":"Question","name":"Which is cheaper, PMBS or SMBS?","acceptedAnswer":{"@type":"Answer","text":"SMBS is cheaper, by 0.68 percentage points a year. That is about $68 on $10,000 held for a year. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"PMBS vs SMBS","item":"https://etfiq.com/compare/any/pmbs-vs-smbs"}]},{"@type":"WebPage","name":"PMBS vs SMBS: Differences, Returns & Fees","description":"PMBS and SMBS side by side to Oct 9, 2026: one-year total return \u22122.0% against \u22121.0%, expense ratio 0.71% against 0.03%.","url":"https://etfiq.com/compare/any/pmbs-vs-smbs","dateModified":"2026-10-09","speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"}},{"@type":"Dataset","name":"ETFIQ comparison of PMBS and SMBS","description":"PMBS and SMBS side by side to Oct 9, 2026: one-year total return \u22122.0% against \u22121.0%, expense ratio 0.71% against 0.03%.","dateModified":"2026-10-09","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"url":"https://etfiq.com/compare/any/pmbs-vs-smbs","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/core.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/income.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"PMBS vs SMBS","item":"https://etfiq.com/compare/any/pmbs-vs-smbs"}]},{"@type":"WebPage","name":"PMBS vs SMBS: Differences, Returns & Fees","description":"PMBS and SMBS side by side to Oct 9, 2026: one-year total return \u22122.0% against \u22121.0%, expense ratio 0.71% against 0.03%.","url":"https://etfiq.com/compare/any/pmbs-vs-smbs","dateModified":"2026-10-09","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":6018,"truncated":true,"content":"ETFIQ / Compare ETFs / PMBS vs SMBS \n \n Data as of Oct 9, 2026.\n ETFIQ etfiq.com \u00b7 independent ETF data \n PMBS vs SMBS: Differences, Returns & Fees\n PMBS's duration was 6.3 years on Jun 30, 2026 and SMBS's 5.1 on May 31, 2026; SMBS charges 0.03% to PMBS's 0.71%.\n Copy this for sharing \n SMBS costs 0.68 points a year less; their one-year returns differ by 1.0 point.\n PMBS and SMBS at a glance. As of Oct 9, 2026. Source: ETFIQ. PMBS SMBS \n Expense ratio 0.71% 0.03% \n Net assets, PMBS as of Jun 30, 2026 and SMBS as of May 31, 2026 $1.4bn $6.4bn \n Total return, 1 year \u22122.0% \u22121.0% \n What it tracks ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, PMBS against SMBS, data as of Oct 9, 2026. https://etfiq.com/compare/any/pmbs-vs-smbs","a":{"ticker":"PMBS","name":"PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund","issuer":"PIMCO","desk":"core","as_of":"2026-10-09","verdict":"PMBS is actively managed and returned \u22122.0% over the past year.","url":"https://etfiq.com/funds/pmbs","key_facts":[{"label":"Total return, 1 year","value":"\u22122.0%","as_of":"2026-10-09","source":null},{"label":"Expense ratio","value":"0.71%","as_of":"2026-10-09","source":null},{"label":"Holdings","value":"1134","as_of":"2026-10-09","source":null},{"label":"Below its high","value":"\u22125.9%","as_of":"2026-10-09","source":null},{"label":"12-month yield: cash paid, 1 year, on its starting price","value":"4.7%","as_of":"2026-10-09","source":null},{"label":"Last payment (paid monthly), ex-date Oct 1, 2026","value":"$0.18","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$1.4bn","as_of":"2026-10-09","source":"SEC filing, whole fund, as filed for Jun 30, 2026"}]},"b":{"ticker":"SMBS","name":"Schwab Mortgage-Backed Securities ETF","issuer":"Schwab","desk":"core","as_of":"2026-10-09","verdict":"SMBS tracks an index and returned \u22121.0% over the past year.","url":"https://etfiq.com/funds/smbs","key_facts":[{"label":"Total return, 1 year","value":"\u22121.0%","as_of":"2026-10-09","source":null},{"label":"Expense ratio","value":"0.03%","as_of":"2026-10-09","source":null},{"label":"Holdings","value":"4196","as_of":"2026-10-09","source":null},{"label":"Below its high","value":"\u22124.4%","as_of":"2026-10-09","source":null},{"label":"12-month yield: cash paid, 1 year, on its starting price","value":"5.1%","as_of":"2026-10-09","source":null},{"label":"Last payment (paid monthly), ex-date Oct 1, 2026","value":"$0.1134","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$6.4bn","as_of":"2026-10-09","source":"SEC filing, whole fund, as filed for May 31, 2026"}]},"overlap_pct":1,"full_text_at":"https://etfiq.com/compare/any/pmbs-vs-smbs"}