PMBS vs SMBS

APMBS

BSMBS

Measures won0–4SMBS wins · of 6 · 5Y

$10,000 · 5Y$12,090SGOV

Lowest cost0.03%SMBS · $3 on $10k

Most income5.27%SMBS · $527 on $10k

Smallest drop0.0%SGOV · worst fall in 1Y

Held in common[…]PMBS and SMBS

PMBS

SMBS

PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund · $1.5BSchwab Strategic Trust - Schwab Mortgage-Backed Securities ETF · $6.5B

[…]3 years · per year[…]

[…]5 years · per year[…]

0.83%Expense ratio$83 · $3 on $10k · lower wins0.03%

4.80%12-mo yield$480 · $527 on $10k5.27%

−6.7%Worst dropSmaller wins−5.2%

4.9%VolatilityLower wins4.7%

0–4SMBS wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPMBS · SMBS

They share no top holdings, or holdings aren’t on file […]

Held in common[…]

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	SGOV	iShares 0-3 Month Treasury Bond ETFRead Desk	0.09%	3.63%	0.0%	+3.2%	+3.8%	+4.5%	+3.9%	0.0%	$116.5B
2	APMBS	PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded FundRead Desk	0.83%	4.80%	−0.1%	−0.5%	+0.7%	new	new	−6.7%	$1.5B
3	BSMBS	Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETFRead Desk	0.03%	5.27%	+0.1%	+0.5%	+1.6%	new	new	−5.2%	$6.5B

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	SGOV	iShares 0-3 Month Treasury Bond ETFRead Desk	0.09%	3.63%	0.0%	+3.2%	+3.8%	+4.5%	+3.9%	0.0%	$116.5B
2	APMBS	PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded FundRead Desk	0.83%	4.80%	−0.1%	−0.5%	+0.7%	new	new	−6.7%	$1.5B
3	BSMBS	Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETFRead Desk	0.03%	5.27%	+0.1%	+0.5%	+1.6%	new	new	−5.2%	$6.5B

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

PMBS vs SMBS

PMBS

PIMCO ETF Trust - PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

[…]

SMBS

Schwab Strategic Trust - Schwab Mortgage-Backed Securities

[…]

MeasurePMBSSMBS

Fee0.83%0.03%

Cost on $10k a year$83$3

Yield4.80%5.27%

5 years, per year[…][…]

3 years, per year[…][…]

Worst drop · 1Y−6.7%−5.2%

Volatility · 1Y4.9%4.7%

4–0measures won
SMBS first

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SGOV vs BIL

YTD

iSharesSGOV

+3.2%

BILSPDR

+3.1%

+3.2%Year to date+3.1%

3.6%Yield3.7%

$117BAssets$48.4B

1–1level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$42.6BAssets$46.8B

1–1level

End-of-day Nov 6, 2026

Overlap: PMBS, SMBS, SGOV

Today

[…]holdings […]

PMBSSMBSSGOV

PMBS—[…][…]

SMBS[…]—[…]

SGOV[…][…]—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$524most kept, SMBS

SMBS$527 − $3 = $524

PMBS$480 − $83 = $397

SGOV$363 − $9 = $354

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee