GENMvsSMBSETF Comparison
VS
Genter Capital Municipal Quality Intermediate ETF (GENM) belongs to the Municipal Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. GENM's top 2 sector exposures are Municipal and Non-Corporate. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. GENM is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.03% for SMBS. GENM is down -0.27% year-to-date (YTD) with +$15M in YTD flows. SMBS performs worse with -1.53% YTD performance, and +$770M in YTD flows. Run a side-by-side ETF comparison of GENM and SMBS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GENM vs SMBS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GENM SMBS | -0.03%-0.22% | -1.73%-2.21% | -0.27%-1.53% | +0.18%-1.08% | n/an/a | n/an/a |
| Flows | GENM SMBS | +$1M-$72M | +$3M+$35M | +$15M+$770M | +$21M+$1.08B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GENM SMBS | +3.61%+5.52% | +2.34%+4.35% | n/an/a | n/an/a |
| Max drawdown | GENM SMBS | -3.80%-4.24% | -4.08%-5.12% | n/an/a | n/an/a |
| Max drawdown duration | GENM SMBS | 92d52d | 100d229d | n/an/a | n/an/a |
Trading data
GENM | SMBS | |
Last sale 10/16/2026 at 1:30 PM | $9.97 | $24.29 |
| Previous close 10/15/2026 | $9.98 | $24.32 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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GENM
is actively managed and doesn’t replicate an indexGENM | SMBS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
GENM | SMBS | |
|---|---|---|
| Last price | $9.97 | $24.29 |
| 1D performance | -0.05% | -0.12% |
| AuM | $32.10 M | $6.29 B |
| E/R | 0.39% | 0.03% |
Characteristics
GENM | SMBS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Genter Capital | Schwab ETFs |
| Benchmark | - | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 24 | 430 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 22, 2024 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
GENM
USA
35.6%
Other
64.4%
SMBS
USA
33.79%
Other
66.21%
Sectors
GENM
Municipal
26.72%
Non-Corporate
8.88%
Other
64.4%
SMBS
Industrials
33.23%
Other
66.77%
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Diversification
GENM
Total weight of top 15 holdings out of 15
42.31%
SMBS
Total weight of top 15 holdings out of 15
5.8%
Top 15 holdings
Data as of August 31, 2026
GENM
Fidelity Investments Money Market Funds - Government Portfolio
8.88%
Southeast Energy Authority, 5% 1jan2054, USD (2023B)
3.33%
US717883J787
3.24%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
3.00%
Texas Transportation Commission, 2.8% 1oct2041, USD (2014-B)
2.68%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
2.50%
US92162PAM77
2.47%
US54627CCF86
2.40%
US681725PC59
2.36%
US639285TU95
2.26%
US944514X941
1.98%
US13048RAF47
1.91%
US74440DFN93
1.82%
US904189CK18
1.74%
US810694R761
1.72%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
US31427R6E50
0.59%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.48%
FR SD8193, 2% 1feb2052, USD (ABS)
0.40%
US31418DYX47
0.40%
FR SD8106, 2% 1nov2050, USD (ABS)
0.36%
US3618N6HU47
0.35%
FR RQ0110, 5% 1apr2056, USD (ABS)
0.34%
FR RQ0102, 5% 1mar2056, USD (ABS)
0.34%
US3132DWDC47
0.33%
FR SD7552, 2.5% 1jan2052, USD (ABS)
0.31%
US31418EQ948
0.31%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
US3618N6NA19
0.30%
Frequently asked questions about GENM and SMBS
How have the GENM and SMBS ETFs performed in 2026?
As of October 15, 2026, GENM is down -0.27% year-to-date (YTD), while SMBS has lost -1.53%. That puts GENM better performer ahead so far this year.
Which ETF is attracting more investor money: GENM or SMBS?
Year-to-date, the GENM ETF saw +$15M in flows, compared to +$770M for SMBS.
Which ETF is more volatile: GENM or SMBS?
Over the past year, GENM had a volatility of 2.34%, while SMBS experienced 4.35%.
Which ETF is bigger: GENM or SMBS?
As of October 15, 2026, GENM holds $32.10 M in assets under management (AUM), while SMBS manages $6.29 B.
What sectors do the GENM and SMBS ETFs invest in?
GENM leans toward sectors like Municipal and Non-Corporate. Meanwhile, SMBS focuses on Industrials.
What are the top holdings of the GENM ETF and SMBS ETF?
GENM top holdings include Fidelity Investments Money Market Funds - Government Portfolio, Southeast Energy Authority, 5% 1jan2054, USD (2023B) and US717883J787. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).
Which ETF is more diversified: GENM or SMBS?
GENM holds 85 securities with 42.31% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.
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