Simplify MBS ETF (MTBA) Performance
MTBA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.5% since Dec 31, 2025
- 1 year
- −0.6% total return
- Since first price
- +12.2% since 2023
MTBA trailing returns vs SPY, QQQ, AGG
| Period | MTBA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.1% | −2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.6% | −4.4% | +7.8% | +8.4% | −1.5% |
| YTD | −1.5% | −5.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.6% | −6.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 7, 2023 | +12.2% | −5.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MTBA vs SPY
From Nov 7, 2023: MTBA grew to $11,221, SPY to $18,035.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MTBA returns by calendar year
2 of 2 full years positive. Best 2025 (+7.8%), worst 2024 (+2.0%). 2026 is year to date.
MTBA annual returns table
| Year | MTBA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.5% | −4.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.8% | −1.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.0% | −2.8% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MTBA risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +3.0% |
| Volatility (annualized) | 4.2% |
| Sharpe ratio | -0.31 |
| Sortino ratio | -0.37 |
| Best month | +2.0% |
| Worst month | −2.9% |
| Best 12 months | +7.8% |
| Worst 12 months | −1.5% |
| Positive months | 74% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MTBA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 24 | −1.5% | +4.7% | +7.8% | 92% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MTBA performance overview
Simplify MBS ETF (MTBA) returned −0.6% over the past year, with distributions reinvested. Since its first recorded price on Nov 7, 2023 it has returned +12.2%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: MTBA chart, MTBA dividends. See the MTBA overview for the latest quote and fund facts.
MTBA performance FAQ
What is the MTBA return over the past year?
MTBA returned −0.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.3%.
How much would $10,000 invested in MTBA be worth?
$10,000 invested in MTBA at its first recorded close on November 7, 2023 would be worth about $11,221 on October 23, 2026 with distributions reinvested.
What was the worst year for MTBA?
The worst calendar year was 2024, with a total return of +2.0%. The best was 2025 at +7.8%.
How volatile is MTBA?
Over the past history MTBA had an annualized volatility of 4.2% and a Sharpe ratio of -0.31 (excess return over 1–3 month T-bills per unit of risk).