SMBSvsBKMIETF Comparison
VS
Schwab Mortgage-Backed Securities ETF (SMBS) belongs to the MBS & ABS segment. BNY Mellon Municipal Intermediate ETF (BKMI) is part of the Municipal Bonds segment. SMBS's top 3 sector exposures are Industrials, Finance and Government Agencies. In contrast, BKMI's top sector exposures are Municipal and Sovereign. SMBS is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.35% for BKMI. Run a side-by-side ETF comparison of SMBS and BKMI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
SMBS vs BKMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMBS BKMI | -0.07%-0.17% | -0.35%-0.78% | +0.46%n/a | +3.16%n/a | n/an/a | n/an/a |
| Flows | SMBS BKMI | +$113M-$8M | +$277M-$26M | +$869M- | +$1.26B- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMBS BKMI | +4.38%+2.11% | +3.93%n/a | n/an/a | n/an/a |
| Max drawdown | SMBS BKMI | -1.75%-1.79% | -2.67%n/a | n/an/a | n/an/a |
| Max drawdown duration | SMBS BKMI | 60d53d | 180dn/a | n/an/a | n/an/a |
Trading data
SMBS | BKMI | |
Last sale 8/28/2026 at 1:30 PM | $25.00 | $25.91 |
| Previous close 08/27/2026 | $25.09 | $25.98 |
| Consolidated volume 08/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
BKMI
is actively managed and doesn’t replicate an indexSMBS | BKMI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 8/28/2026 at 1:30 PM
Live
Closed
SMBS | BKMI | |
|---|---|---|
| Last price | $25.00 | $25.91 |
| 1D performance | -0.38% | -0.27% |
| AuM | $6.57 B | $1.67 B |
| E/R | 0.03% | 0.35% |
Characteristics
SMBS | BKMI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Schwab ETFs | BNY Mellon |
| Benchmark | Bloomberg U.S. MBS Float Adjusted Index | - |
| N° of holdings | 443 | 135 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2024 | January 9, 2026 |
| ESG | No | No |
Advertisement
Exposure
Countries
SMBS
USA
34%
Other
66%
BKMI
USA
34.04%
Other
65.96%
Sectors
SMBS
Industrials
33.45%
Other
66.55%
BKMI
Municipal
33.88%
Other
66.12%
Advertisement
Diversification
SMBS
Total weight of top 15 holdings out of 15
5.64%
BKMI
Total weight of top 15 holdings out of 15
10.85%
Top 15 holdings
Data as of July 31, 2026
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.49%
US31418DYX47
0.40%
US31427R6E50
0.39%
FR SD8193, 2% 1feb2052, USD (ABS)
0.37%
FR SD8106, 2% 1nov2050, USD (ABS)
0.35%
US3618N6HU47
0.35%
US3618N56H72
0.35%
US3618N53X59
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%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
BKMI
US452227VK43
0.96%
New York Liberty Development Corp., 5% 15nov2044, USD
0.93%
US736742ZR10
0.82%
State of Washington, 5% 1jul2038, USD (2023B)
0.76%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.74%
US56682HDR75
0.71%
US59333APJ42
0.68%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.67%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
US59261A4U82
0.66%
US87638TJU88
0.65%
US88283KCB26
0.65%
US882725DB74
0.65%
US74445HAL42
0.65%
US56035DHT28
0.65%
Frequently asked questions about SMBS and BKMI
Which ETF is bigger: SMBS or BKMI?
As of August 28, 2026, SMBS holds $6.57 B in assets under management (AUM), while BKMI manages $1.67 B.
What sectors do the SMBS and BKMI ETFs invest in?
SMBS leans toward sectors like Industrials. Meanwhile, BKMI focuses on Municipal.
What are the top holdings of the SMBS ETF and BKMI ETF?
SMBS top holdings include G2 MB0025, 5% 20nov2054, USD (ABS), FR SD8469, 5.5% 1oct2054, USD (ABS) and US31418DYX47. BKMI holds in its top three: US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10.
Which ETF is more diversified: SMBS or BKMI?
SMBS holds 1999 securities with 5.64% of its assets in the top 15. BKMI has 531 securities and a top 15 weight of 10.85%.
Advertisement
Advertisement
