MTBA ETF — Simplify MBS ETF

Simplify MBS ETF (MTBA)

Updated October 16, 2026.

MTBA is a low-cost ETF. its distribution rate is 5.83%, its trailing-12-month yield is 6.17%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 11.7% over the past 2.9 years, 69.4 points behind SPY at 81.1%.

MTBA performance versus SPY

Price and return data through 2026-10-16.

Total return is 11.7% over the past 2.9 years, 69.4 points behind SPY at 81.1%. Over the past year its total return — price change plus distributions reinvested — is -1.0%. Its deepest 1-year drawdown was 4.6%.

MTBA key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

5.48%

Issuer

Simplify ETFs

Asset type

ETF

Asset class

Fixed Income

Inception date

11/06/2023

Expense ratio

0.15%

Distribution rate

5.83%

Distribution frequency

Monthly

Trailing yield

6.17%

Last close

$47.34 (as of 2026-10-16)

AUM

$946,161,142

Average volume

160643.0

Dividend

$0.23

Ex-dividend date

09/25/2026

Payment date

09/30/2026

Beta

0.1093

How Dividend Vision calculates yield and returns

Distribution rate (5.83%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.17%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Simplify ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MTBA risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.6%.

Who may consider MTBA — and who may not

MTBA may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MTBA

• All tickers starting with M

Tagged: Fixed Income.

Frequently asked questions

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