SMBS ETF Analysis: Schwab Mortgage-Backed | NYSE
Mortgage-Backed & Securitized Bonds | NYSE, USA | Market Cap: 6.448m USD | 12M Return: 0.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 30.1M
Warnings
Tailwinds
No distinct edge detected
Seasonality 1.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Schwab Mortgage-Backed Securities ETF (SMBS) tracks an index of investment-grade mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies such as Ginnie Mae, Fannie Mae, and Freddie Mac. Under normal market circumstances, the fund invests at least 90% of its net assets in securities held in the underlying index, including TBA (To-Be-Announced) mortgage transactions, which are forward contracts on agency MBS that settle at a future date. This structure gives investors broad exposure to the U.S. agency MBS market, a segment that represents a major portion of the fixed-income landscape due to its connection with the housing market and implicit or explicit federal backing. As a passively bond ETF, SMBS offers a low-cost way to access this specific corner of the bond market, with the fund currently classified as mid-cap based on its $6.18 billion in assets under management following its late-2024 launch.
- Fed rate cuts compress MBS yields and tighten spreads
- Housing market weakness reduces MBS supply and prepayment risk
- ETF asset growth expands fee revenue as investors add agency MBS exposure
As of November 03, 2026, the stock is trading at USD 24.54 with a total of 1,550,471 shares traded. Over the past week, the price has changed by +0.61%, over one month by +3.14%, over three months by -0.28% and over the past year by +0.62%.
Current recommended Stop Loss: 24.30 (which is 1% or 1.5 ATR below the current price).
Schwab Mortgage-Backed has no consensus analysts rating.