THRO vs SMBS
Comparison between BlackRock Future U.S. Themes ETF (THRO, ETF) and SCHWAB MORTGAGE-BACKED SECURITIES ETF (SMBS, ETF).
THRO vs SMBS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
THRO
$6.50B
SMBS
$6.50B
Expense Ratio
THRO
0.57%
Winner
SMBS
0.03%
Max Drawdown
THRO
26.97%
Winner
SMBS
4.41%
Sharpe Ratio
Winner
THRO
1.20
SMBS
0.01
5Y Beta
THRO
1.00
Winner
SMBS
0.04
P/E Ratio
THRO
25.16
SMBS
N/A
Forward P/E
THRO
19.76
SMBS
N/A
PEG Ratio
THRO
0.28
SMBS
N/A
5Y EPS CAGR
THRO
26.37%
SMBS
N/A
Debt to Equity
THRO
43.23%
SMBS
N/A
P/S Ratio
THRO
3.31
SMBS
N/A
P/B Ratio
THRO
6.07
SMBS
N/A
THRO vs SMBS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
THRO
+3.68%
SMBS
-0.35%
3M
Winner
THRO
+6.16%
SMBS
-0.47%
6M
Winner
THRO
+14.46%
SMBS
-0.35%
1Y
Winner
THRO
+22.53%
SMBS
+3.94%
5Y(CAGR)
THRO
+13.81%
SMBS
N/A
Max(CAGR)
Winner
THRO
+13.81%
SMBS
+4.86%
THRO vs SMBS - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | THRO | SMBS |
|---|---|---|
| 2026 | +14.67% | +0.46% |
| 2025 | +15.04% | +8.23% |
| 2024 | +33.44% | -0.07% |
| 2023 | +25.34% | N/A |
| 2022 | -17.91% | N/A |
| 2021 | +2.14% | N/A |
THRO vs SMBS Drawdown Comparison
The maximum drawdown for THRO was -26.54%, occurring on Sep 30, 2022. Recovery took 494 trading sessions.
The maximum drawdown for SMBS was -3.20%, occurring on Jan 13, 2025. Recovery took 52 trading sessions.
The current SMBS drawdown is -1.66%.
| Rank | THRO | SMBS |
|---|---|---|
| #1 | -26.54% Dec 27, 2021 - Dec 13, 2023 | -3.20% Dec 6, 2024 - Feb 25, 2025 |
| #2 | -19.07% Jan 23, 2025 - Jun 30, 2025 | -2.83% Apr 4, 2025 - Jun 26, 2025 |
| #3 | -10.87% Jan 27, 2026 - Apr 15, 2026 | -2.83% Feb 27, 2026 - May 19, 2026 |
| #4 | -9.28% Jul 16, 2024 - Aug 23, 2024 | -1.11% Jun 26, 2025 - Aug 1, 2025 |
| #5 | -6.49% Mar 22, 2024 - May 15, 2024 | -0.90% Oct 28, 2025 - Nov 25, 2025 |
| #6 | -5.57% Jun 2, 2026 - Aug 4, 2026 | -0.89% Mar 3, 2025 - Apr 1, 2025 |
| #7 | -5.40% Oct 29, 2025 - Dec 23, 2025 | -0.85% Sep 16, 2025 - Oct 14, 2025 |
| #8 | -5.36% Aug 23, 2024 - Sep 19, 2024 | -0.78% Nov 26, 2025 - Dec 18, 2025 |
| #9 | -4.87% Dec 4, 2024 - Jan 22, 2025 | -0.58% Jan 14, 2026 - Feb 6, 2026 |
| #10 | -3.12% Oct 18, 2024 - Nov 6, 2024 | -0.47% Aug 13, 2025 - Aug 22, 2025 |
| #11 | -2.91% Oct 8, 2025 - Oct 24, 2025 | -0.39% Aug 5, 2025 - Aug 13, 2025 |
| #12 | -2.80% Jan 12, 2026 - Jan 27, 2026 | -0.39% Dec 29, 2025 - Jan 7, 2026 |
| #13 | -2.69% Dec 26, 2023 - Jan 10, 2024 | -0.38% Nov 25, 2024 - Nov 29, 2024 |
| #14 | -2.52% Nov 8, 2024 - Nov 25, 2024 | -0.36% Apr 1, 2025 - Apr 3, 2025 |
| #15 | -2.39% Jul 28, 2025 - Aug 8, 2025 | -0.31% Oct 21, 2025 - Oct 28, 2025 |
Correlation
Correlation between THRO and SMBS is 0.80 which considered as a strong positive correlation - the stocks tend to move together.
0.80
-101
Dividend Comparison (2022 - 2026)
THRO vs SMBS dividend yield comparison.
| Year | THRO | SMBS |
|---|---|---|
| 2026 | 0.15% | 3.07% |
| 2025 | 0.15% | 4.83% |
| 2024 | 0.73% | 0.50% |
| 2023 | 0.55% | 0.00% |
| 2022 | 0.90% | 0.00% |
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