SMBS
Schwab Mortgage-Backed Securities ETF
7월 28일 11:01 AM ET (한국 7/29 24:01)
$25.11
+0.07 ▲ +0.30%
SMBS ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.03%
Annual operating cost
Net Assets (AUM)
$6.5B
약 9조원
Holdings
4273 items
Dividend Yield
5.21%
Management Style
Passive
| Category | Bonds - Mortgage | Asset Type | Bonds | Return% 1Y | 4.83% | Total Holdings | 4273 | Perf Week | -0.18% |
| ETF Type | US Bonds | Active/Passive | Passive | Return% 3Y | - | AUM | $6.5B | Perf Month | -1.66% |
| Expense | 0.03% | NAV | $25.04 | Return% 5Y | - | 52W High | -3.85% | Perf Quarter | -1.97% |
| Dividend TTM | $1.31 (5.21%) | Div Gr. 3/5Y | - | Return% 10Y | - | 52W Low | 0.62% | Perf Half Y | -2.54% |
| Flows% 1M | 1.31% | Flows% YTD | 13.25% | Return% SI | 4.76% | Volatility(W/M) | 0.25% 0.28% | Perf YTD | -2.18% |
| SMA20 | -0.34% | SMA50 | -0.64% | SMA200 | -1.9% | RSI (14) | 43.62 | Beta | 0.07 |
| IPO | 2024/11/19 | Prev Close | $25.04 | Perf Year | -0.34% | Avg Volume | 0.79M | Price | $25.11 |
Schwab Mortgage-Backed Securities ETF (SMBS) Investment Analysis
ETF Overview
Schwab Mortgage-Backed Securities ETF · Bonds - Mortgage
채권형 — 채권 ETF (만기 미상)
2024년 상장, 2년 운영 중.
Schwab Mortgage-Backed Securities ETF는 수수료 차감 전 기준으로 Bloomberg US MBS Float Adjusted Total Return Index의 총수익을 최대한 근접하게 추종하고자 합니다. 지수는 미국 정부기관이 발행·보증하는 투자등급 모기지담보부증권으로 구성됩니다. 이 ETF는 정상적인 상황에서 순자산(투자 목적 차입금 포함)의 최소 90%를 TBA 거래를 포함한 지수 편입 증권에 투자하는 것을 원칙으로 합니다.
📘 SMBS ETF 자세히 알아보기 →U.S.fixed-incomedebtdebt-securities
- 규모
- $6.5B 약 9조원
- 운용사
- Schwab
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2024년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Top-tier low cost — 0.03% annually
상위 5% within the Bonds - Mortgage category. For a ₩100M investment, the annual cost is roughly ₩30,000.
Effective Annual Expense Ratio (Net Expense Ratio)
상위 5%0.03%
My positionTop 5%
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$30K
Save $320K per year vs. category average
Category Median Annual Cost
$350K
Based on expense ratio of 0.35%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$551K
0.6% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Insufficient return data
-13.0%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
If you had invested 1 year(s) ago
$100.0M
Today's value
$104.8M
→
Total gain
+$4.8M
Annualized +4.8%
ℹ️ How to read the return breakdown bar
Each period bar shows the share of this ETF's returns by source.
Price gains Price decline Dividends received
Mostly blue (80%+): Growth-style — price gains drive most returns
Mostly orange (70%+): Income-style — dividends drive most returns (watch out for after-tax drag)
Red + orange: Stagnant or declining price — dividends offset losses (common in covered-call and high-dividend funds)
Mostly orange (70%+): Income-style — dividends drive most returns (watch out for after-tax drag)
Red + orange: Stagnant or declining price — dividends offset losses (common in covered-call and high-dividend funds)
1 Year
2025.07 ~ 2026.07
Annualized +4.83%
평균권Price -0.34% + Dividend +5.17% = Total +4.83%/yr
Trailed the benchmark by 13.0%p annually
My positionMid-range
Low range Average High range
3 Years
2023.07 ~ 2026.07
Listed 2024/11 — under 3 years
5 Years
2021.07 ~ 2026.07
Listed 2024/11 — under 5 years
10Y
2016.07 ~ 2026.07
Listed 2024/11 — under 10 years
2Y Cumulative Total Return Curve
2024-11-19 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
SMBS · Price Only SMBS · Price + Cumulative Dividends SMBS · Dividend Reinvested S&P 500 (SPY)
50
100
150
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
SMBS S&P 500 (SPY)
+40%
0%
−40%
2024
2025
2026 YTD
💡 SPY is an equity benchmark, so direct comparison with different asset classes is for reference only.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
—
Completed years: 2 — 3+ years of data are needed for a win rate to be shown.
2024 ✗
2025 ✗
2026 ✗ YTD
💡 Win rates against SPY are for reference only, since the asset class differs.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
6%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
💡 Bonds often show negative correlation with equities, limiting how this metric should be interpreted.
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
Bond Benchmark
Bond ETFs are naturally less volatile than stocks, so it only makes sense to compare them with other bond ETFs. You should also factor in the inverse relationship between interest rates and bond prices.
🏦 Bond ETFs — Low volatility and low Beta are the norm
Bonds have far lower volatility than stocks, and a lower Beta versus equity benchmarks. An "stable" rating is the natural result; meaningful comparison should be made against bond indices (e.g., AGG/TLT).
Beta (market sensitivity)
상위 25%0.07
If the market rises +10% +0.7%
If the market falls -10% -0.7%
My positionTop 25%
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
평균권±0.28%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-3.2%
2024-11-19 Worst -5% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
0.34
Weak — Low risk-adjusted returns
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Dividend Analysis
Yield · Dividend history · After-tax income calculator
Bond distribution — 5.21% annually
Coupon interest is the primary source.
Bond ETF distributions are mostly coupon income. Distributions may rise when interest rates increase, but this should be considered alongside the resulting price decline.
배당수익률
5.21%
주당 배당
$1.31
연간 기준
5년 성장률
-
지급 주기
불규칙
2월 · 3월 · 4월 · 8월 · 9월 · 10월 · 11월 · 12월
연도별 배당 총액 추이
주당 배당금을 연 단위로 합산한 금액입니다. 막대가 우상향이면 매년 배당이 늘어나고 있다는 뜻입니다.
—
2021
—
2022
—
2023
$0.13
2024
$1.24 +891.2%
2025
$X.XX 그 해 총 배당금 +X% 전년 대비 증가 -X% 감소
최근 배당 이력 총 16건
아래로 스크롤하면 과거 배당 이력을 볼 수 있습니다.
배당락일
주당 금액
지급일
당시 수익률
2026-04-01
$0.103
—
5.22%
2026-03-02
$0.107
—
5.13%
2026-02-02
$0.113
—
5.27%
2025-12-19
$0.105
—
5.31%
2025-12-01
$0.104
—
4.90%
2025-11-03
$0.115
—
4.50%
2025-10-01
$0.108
—
4.06%
2025-09-02
$0.109
—
3.68%
2025-08-01
$0.117
—
3.25%
2025-07-01
$0.108
—
2.79%
2025-06-02
$0.112
—
2.39%
2025-05-01
$0.027
—
1.92%
2025-04-01
$0.102
—
1.80%
2025-03-03
$0.101
—
1.40%
2025-02-03
$0.131
—
1.03%
2024-12-20
$0.125
—
0.50%
* "배당락일"은 배당받으려면 이 날 이전에 주식을 보유해야 하는 기준일입니다. 지급일·당시 수익률은 일부 종목에서 데이터가 없을 수 있습니다.
💰 내가 $100K 투자한다면
연간 배당금 (세후) $4K
5년 누적 (세후) $22K
* 환율 1 가정, 배당소득세 15% 반영. 5년 누적은 배당 성장률 연 0% 가정.
* Qualified dividend middle-bracket approximation. Actual rate varies by total income.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Strengths and weaknesses both present Check the fit below to see whether it matches your investing goal.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
보통
매우 적합
매우 낮음
매우 적합
이런 분에게 어울려요
Investors seeking portfolio stability
✅ 강점
- 💸Top 5% lowest expense ratio in Bonds - Mortgage — 0.03% annually
⚠️ 약점·주의사항
- 🎯Trails benchmark by -13.0%p annually
Portfolio Composition
What's actually inside — sector weights and top holdings
채권 포트폴리오
주식과 달리 "섹터 = 만기·신용등급"으로 해석해야 해요.
ℹ️ 왜 구성을 봐야 하나요?
ETF의 실제 성과는 담고 있는 종목과 섹터에서 나와요. 이름이 "S&P 500"이라도 기술주 비중이 유난히 높을 수 있고, "배당주 ETF"라도 몇몇 대형주에 쏠려 있을 수 있어요. 라벨보다 실제 구성을 확인하는 게 중요해요.
🔬 집중도 한눈에 보기
총 보유종목
8269개
상위 10개 비중
5.9%
최대 단일 종목
1.67%
집중도(HHI)
20
낮음 (분산)
📋 상위 보유 종목 Top 10 Top 10이 전체의 5.9% 차지
티커 옆의 점 색상 = 섹터 구분 (섹터 차트와 동일 색상)
#3 - Government National Mortgage Association 0.47%
#4 - Freddie Mac 0.45%
#5 - Freddie Mac 0.35%
#6 - Freddie Mac 0.30%
#7 - Fannie Mae 0.30%
#8 - Freddie Mac 0.29%
#9 - Freddie Mac 0.28%
#10 - Fannie Mae 0.28%
Category Peers
Category: Bonds - Mortgage
같은 카테고리 6종 중 AUM 6/6위 · 보수율 1/6위
카테고리: Bonds - Mortgage
ℹ️ 왜 비교해야 하나요?
같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 SMBS보다 유리, ▼ 표시는 SMBS보다 불리를 뜻해요.
| 티커 | ETF명 | 보수율 | AUM | 보유종목 | 배당률 | YTD | 1년 |
|---|---|---|---|---|---|---|---|
| SMBS | Schwab Mortgage-Backed Securities ETF | 0.03% | $6.5B | 4273 | 5.21% | -2.18% | -0.34% |
| iShares MBS ETF | 0.04% ▼ | $39.0B ▲ | 11187 | 4.32% ▼ | - | +0.26% ▲ | |
| Vanguard Mortgage-Backed Securities ETF | 0.03% | $15.5B ▲ | 5232 | 4.22% ▼ | - | +0.54% ▲ | |
| State Street SPDR Portfolio Mortgage Backed Bond ETF | 0.04% ▼ | $7.0B ▲ | 2717 | 4.14% ▼ | - | +0.59% ▲ | |
| Janus Henderson Mortgage-Backed Securities ETF | 0.21% ▼ | $6.7B ▲ | 632 | 5.23% ▲ | - | -0.22% ▲ | |
| JPMorgan Mortgage-Backed Securities ETF | 0.24% ▼ | $6.7B ▲ | 2587 | 4.33% ▼ | - | +0.50% ▲ |
AUM 내림차순 정렬 · ▲ SMBS보다 유리 · ▼ SMBS보다 불리
Leveraged & Covered Call ETFs on the Same Theme
ETFs that approach the same theme with a different strategy
9 ETFs tracking the same theme as SMBS using leveraged or covered call strategies (Leverage 2 · Inverse 3 · Covered Call 4)
Not direct derivatives of SMBS, but ETFs that cover the same theme via a different strategy.
ℹ️ Which ETFs are included?
Among ETFs whose theme (category or sector) overlaps with SMBS, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.
⚠️ Caution: Long-Term Holding
Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.
Leverage 2 ETFs that amplify the same theme by 2-3x (high volatility)
Inverse 3 ETFs that bet on declines in the same theme
Covered Call & Options 4 ETFs that add a monthly dividend via covered calls on the same theme
FAQ
What kind of ETF is SMBS?
SMBS is an ETF in the Bonds - Mortgage category, managed by Schwab.
How many holdings does SMBS have?
SMBS holds a total of 4,273 securities, with an AUM of approximately $6.5B.
Does SMBS pay dividends (distributions)?
SMBS's distribution yield is approximately 5.21%.
What is the 52-week high and low for SMBS?
SMBS has recorded a 52-week high of $26.12 and a low of $24.96.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.