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PMBSvsOGSPETF Comparison

ETF 1

PMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

This fund is part of

MBS & ABS

+0.07%

Full PMBS fund page

VS

ETF 2

OGSP

Obra High Grade Structured Products ETF

This fund is part of

US Aggregate Bonds

+0.05%

Full OGSP fund page

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and Obra High Grade Structured Products ETF (OGSP) have similar underlying exposures to countries and sectors. PMBS's top 3 sector exposures are Industrials, Sovereign and Finance. In contrast, OGSP's top sector exposures are Industrials and Non-Corporate. PMBS is less expensive with a Total Expense Ratio (TER) of 0.71%, versus 1.6% for OGSP. PMBS is down -2.06% year-to-date (YTD) with +$538M in YTD flows. OGSP performs better with 3.34% YTD performance, and -$100K in YTD flows. Run a side-by-side ETF comparison of PMBS and OGSP 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 OGSP 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 10/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PMBS OGSP	+1.80%+0.46%	-2.39%+0.85%	-2.06%+3.34%	-1.56%+4.43%	n/an/a	n/an/a
Flows	PMBS OGSP	+$38M-	+$89M-	+$538M-$100K	+$655M-$100K	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PMBS OGSP	+6.65%+0.77%	+4.99%+0.80%	n/an/a	n/an/a
Max drawdown	PMBS OGSP	-5.75%-0.22%	-6.92%-0.40%	n/an/a	n/an/a
Max drawdown duration	PMBS OGSP	63d34d	240d37d	n/an/a	n/an/a

Trading data

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	PMBS	OGSP
Last sale 10/28/2026 at 3:25 PM	$47.06	$9.96
Previous close 10/27/2026	$47.18	$9.96
Consolidated volume 10/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/28/2026 at 3:25 PM

Live

Closed

	PMBS	OGSP
Last price	$47.06	$9.96
1D performance	-0.25%	+0.00%
AuM	$1.43 B	$29.12 M
E/R	0.71%	1.6%

Characteristics

	PMBS	OGSP
Management strategy	Active	Active
Provider	PIMCO	Obra Funds
Benchmark	-	-
N° of holdings	101	7
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 20, 2024	April 9, 2024
ESG	No	No

More PMBS data on Trackinsight

More OGSP data on Trackinsight

Exposure

Countries

PMBS

Other

100%

OGSP

Other

100%

Sectors

PMBS

Other

100%

OGSP

Other

100%

Diversification

PMBS

Total weight of top 15 holdings out of 15

37.43%

OGSP

Total weight of top 15 holdings out of 15

29.89%

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%

OGSP

US362414AE40

2.59%

US69547DAD84

2.58%

US44148HAA14

2.58%

US38411WAC64

2.40%

US46604EAY86

2.22%

US088928AE65

2.07%

US674436AL43

2.04%

US62986BAA17

1.89%

US07135CAG15

1.73%

US67118BAU70

1.73%

Blackrock Shasta CLO 2024-1A, FRN 15jul2036, USD (ABS, C)

1.72%

US03666BBE39

1.70%

US499876AA86

1.66%

US75023XAF96

1.60%

US87268JAJ16

1.38%

Frequently asked questions about PMBS and OGSP

How have the PMBS and OGSP ETFs performed in 2026?

As of October 27, 2026, PMBS is down -2.06% year-to-date (YTD), while OGSP has returned 3.34%. That puts OGSP better performer ahead so far this year.

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

Year-to-date, the PMBS ETF saw +$538M in flows, compared to -$100K for OGSP.

Which ETF is more volatile: PMBS or OGSP?

Over the past year, PMBS had a volatility of 4.99%, while OGSP experienced 0.8%.

Which ETF is bigger: PMBS or OGSP?

As of October 27, 2026, PMBS holds $1.43 B in assets under management (AUM), while OGSP manages $29.12 M.

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

PMBS top holdings include US01F0606A83, US01F0506A92 and US01F0306A11. OGSP holds in its top three: US362414AE40, US69547DAD84 and US44148HAA14.

Which ETF is more diversified: PMBS or OGSP?

PMBS holds 1063 securities with 37.43% of its assets in the top 15. OGSP has 138 securities and a top 15 weight of 29.89%.

Agency MBS Valuations are Historically Cheap

January 1, 1970

PMBS

PMBSvsOGSPETF Comparison

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

Obra High Grade Structured Products ETF

PMBS vs OGSP 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 OGSP ETFs performed in 2026?

As of October 27, 2026, PMBS is down -2.06% year-to-date (YTD), while OGSP has returned 3.34%. That puts OGSP better performer ahead so far this year.

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

Year-to-date, the PMBS ETF saw +$538M in flows, compared to -$100K for OGSP.

Which ETF is more volatile: PMBS or OGSP?

Over the past year, PMBS had a volatility of 4.99%, while OGSP experienced 0.8%.

Which ETF is bigger: PMBS or OGSP?

As of October 27, 2026, PMBS holds $1.43 B in assets under management (AUM), while OGSP manages $29.12 M.

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

PMBS top holdings include US01F0606A83, US01F0506A92 and US01F0306A11. OGSP holds in its top three: US362414AE40, US69547DAD84 and US44148HAA14.

Which ETF is more diversified: PMBS or OGSP?

PMBS holds 1063 securities with 37.43% of its assets in the top 15. OGSP has 138 securities and a top 15 weight of 29.89%.

Agency MBS Valuations are Historically Cheap

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