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The fund's goal is to track as closely as possible, before fees and expenses, the total return of an index composed of investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies. the fund generally invests in securities that are included in the Bloomberg US MBS Float Adjusted Total Return Index. The index tracks fixed-rate agency mortgage-backed pass-through securities guaranteed by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) that are backed by pools of mortgages. The index is constructed by grouping individual to-be-announced (TBA) deliverable mortgage-backed securities (MBS) pools into aggregates or generics based on program, coupon, and vintage. To be included in the index, pool aggregates must have at least $1 billion currently outstanding and a weighted average maturity of at least 1 year. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.
Schwab Mortgage-Backed Securities ETF trades on the ARCA stock market under the symbol SMBS.
As of June 24, 2026, SMBS stock price climbed to $25.46 with 752,143 million shares trading.
SMBS has a beta of 0.11, meaning it tends to be less sensitive to market movements. SMBS has a correlation of 0.12 to the broad based SPY ETF.
SMBS has a market cap of $6.49 billion. This is considered a Mid Cap stock.
SMBS has underperformed the market in the last year with a return of +6.1%, while the SPY ETF gained +23.4%. In the last 3 month period, SMBS fell short of the market, returning +1.2%, while SPY returned +12.2%. However, in the most recent 2 weeks SMBS has outperformed the stock market by returning +0.7%, while SPY returned -0.3%.
SMBS support price is $25.26 and resistance is $25.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMBS shares will trade within this expected range on the day.
