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PMBSvsFLBLETF Comparison

ETF 1

PMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

This fund is part of

MBS & ABS

+0.15%

Full PMBS fund page

VS

ETF 2

FLBL

Franklin Senior Loan ETF

This fund is part of

US Aggregate Bonds

+0.11%

Full FLBL fund page

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and Franklin Senior Loan ETF (FLBL) have similar underlying exposures to countries and sectors. PMBS's top 3 sector exposures are Industrials, Sovereign and Finance. In contrast, FLBL's top sector exposures are Finance, Consumer Services and Business Services. PMBS is more expensive with a Total Expense Ratio (TER) of 0.71%, versus 0.45% for FLBL. PMBS is down -2.12% year-to-date (YTD) with +$538M in YTD flows. FLBL performs worse with -2.39% YTD performance, and -$151M in YTD flows. Run a side-by-side ETF comparison of PMBS and FLBL 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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PMBS vs FLBL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PMBS FLBL	+1.73%-1.43%	-2.46%-1.28%	-2.12%-2.39%	-1.63%-3.53%	n/a+10.93%	n/a+13.17%
Flows	PMBS FLBL	+$38M-$102M	+$89M-$83M	+$538M-$151M	+$655M-$330M	-+$575M	-+$645M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PMBS FLBL	+6.69%+2.32%	+5.00%+2.63%	n/a+2.06%	n/a+2.52%
Max drawdown	PMBS FLBL	-5.75%-1.88%	-6.92%-3.72%	n/a-4.43%	n/a-8.20%
Max drawdown duration	PMBS FLBL	62d56d	239d358d	n/a405d	n/a533d

Trading data

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	PMBS	FLBL
Last sale 10/27/2026 at 1:30 PM	$47.18	$22.79
Previous close 10/26/2026	$47.12	$22.73
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	PMBS	FLBL
Last price	$47.18	$22.79
1D performance	+0.13%	+0.26%
AuM	$1.43 B	$756.64 M
E/R	0.71%	0.45%

Characteristics

	PMBS	FLBL
Management strategy	Active	Active
Provider	PIMCO	Franklin Templeton
Benchmark	-	-
N° of holdings	101	29
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 20, 2024	May 30, 2018
ESG	No	No

More PMBS data on Trackinsight

More FLBL data on Trackinsight

Exposure

Countries

PMBS

Other

100%

FLBL

Other

100%

Sectors

PMBS

Other

100%

FLBL

Other

100%

Diversification

PMBS

Total weight of top 15 holdings out of 15

37.43%

FLBL

Total weight of top 15 holdings out of 15

17.46%

Top 15 holdings

Data as of August 31, 2026

PMBS

US01F0606A83

6.88%

US01F0506A92

3.98%

US01F0306A11

3.06%

US21H0626935

2.52%

US01F0206957

2.47%

US3618N5ZG77

2.27%

US01F0506927

2.25%

US01F0406A02

2.25%

US3142GWVD80

2.18%

US01F0426993

1.91%

US21H0226975

1.84%

US21H0526A19

1.72%

US01F0604A02

1.58%

US21H0206910

1.28%

US21H0406999

1.26%

FLBL

US71360HAB33

1.47%

US57906HAF47

1.37%

US05988HAQ02

1.35%

US03234TBB35

1.33%

US23923YAB74

1.28%

US81527CAP23

1.25%

US22164MAB37

1.20%

US44332EAZ97

1.15%

US009ABISG20

1.15%

US29426NAZ78

1.07%

US04686RAF01

1.00%

US01957TAX54

0.98%

US01881UAN54

0.97%

USMM0052STB4

0.97%

US35473P6299

0.92%

Frequently asked questions about PMBS and FLBL

How have the PMBS and FLBL ETFs performed in 2026?

As of October 26, 2026, PMBS is down -2.12% year-to-date (YTD), while FLBL has lost -2.39%. That puts PMBS better performer ahead so far this year.

Which ETF is attracting more investor money: PMBS or FLBL?

Year-to-date, the PMBS ETF saw +$538M in flows, compared to -$151M for FLBL.

Which ETF is more volatile: PMBS or FLBL?

Over the past year, PMBS had a volatility of 5%, while FLBL experienced 2.63%.

Which ETF is bigger: PMBS or FLBL?

As of October 26, 2026, PMBS holds $1.43 B in assets under management (AUM), while FLBL manages $756.64 M.

What are the top holdings of the PMBS ETF and FLBL ETF?

PMBS top holdings include US01F0606A83, US01F0506A92 and US01F0306A11. FLBL holds in its top three: US71360HAB33, US57906HAF47 and US05988HAQ02.

Which ETF is more diversified: PMBS or FLBL?

PMBS holds 1063 securities with 37.43% of its assets in the top 15. FLBL has 1674 securities and a top 15 weight of 17.46%.

Agency MBS Valuations are Historically Cheap

January 1, 1970

PMBS

PMBSvsFLBLETF Comparison

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

Franklin Senior Loan ETF

PMBS vs FLBL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PMBS and FLBL ETFs performed in 2026?

As of October 26, 2026, PMBS is down -2.12% year-to-date (YTD), while FLBL has lost -2.39%. That puts PMBS better performer ahead so far this year.

Which ETF is attracting more investor money: PMBS or FLBL?

Year-to-date, the PMBS ETF saw +$538M in flows, compared to -$151M for FLBL.

Which ETF is more volatile: PMBS or FLBL?

Over the past year, PMBS had a volatility of 5%, while FLBL experienced 2.63%.

Which ETF is bigger: PMBS or FLBL?

As of October 26, 2026, PMBS holds $1.43 B in assets under management (AUM), while FLBL manages $756.64 M.

What are the top holdings of the PMBS ETF and FLBL ETF?

PMBS top holdings include US01F0606A83, US01F0506A92 and US01F0306A11. FLBL holds in its top three: US71360HAB33, US57906HAF47 and US05988HAQ02.

Which ETF is more diversified: PMBS or FLBL?

PMBS holds 1063 securities with 37.43% of its assets in the top 15. FLBL has 1674 securities and a top 15 weight of 17.46%.

Agency MBS Valuations are Historically Cheap

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