MTBA vs SPY
Simplify MBS ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MTBA or SPY?
Short Term High Quality against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MTBA | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $1.4B | $814.4B |
| Dividend Yield | 5.56% | 1.01% |
| Holdings | 13 | 505 |
| YTD Return | -0.40% | +13.34%Best |
| 1Y Return | +1.13% | +19.97%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 3.7%Best | 11.7% |
| Max Drawdown | -3.5%Best | -18.8% |
| $10,000 over 2.8 years | $11,275 | $18,136Best |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Short Term High Quality | Large Cap Blend |
| Inception | Nov 6, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 7, 2023 to Sep 4, 2026 (2.8 years).
MTBA vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
MTBA vs SPY Performance
Simplify MBS ETF (MTBA) is an ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MTBA returned +1.13% while SPY returned +19.97%. Year to date, MTBA is down 0.40% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 3.7% for MTBA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -3.5% for MTBA and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MTBA charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, MTBA currently yields 5.56% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 9 holdings in MTBA and 503 in SPY, totalling 198.6% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 9 positions we hold weights for in MTBA and 503 in SPY, against full books of 13 and 505.
You are not choosing between two funds in isolation.
Whichever of MTBA and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MTBA or SPY?
MTBA has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, MTBA or SPY?
Over the past year MTBA returned +1.13% vs +19.97% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MTBA or SPY?
SPY has been the more volatile fund at 11.7% annualized versus 3.7% for MTBA. Worst drawdown: MTBA -3.5% vs SPY -18.8%.
Should I hold both MTBA and SPY?
MTBA and SPY have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MTBA or SPY?
MTBA yields 5.56% while SPY yields 1.01%, so MTBA currently pays the higher dividend yield.
Is SPY better than MTBA?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.