SMBS vs VMBS
Schwab Mortgage-Backed Securities ETF compared with Vanguard Mortgage-Backed Securities Index Fund ETF Shares on yield, payout growth, payment schedule, cost and risk.
SMBS
Schwab Mortgage-Backed Securities ETF
TTM yield · Monthly
VMBS
Vanguard Mortgage-Backed Securities Index Fund ETF Shares
TTM yield · Monthly
Quick take
- SMBS yields more today: 5.25% vs 4.28% (forward).
- Both pay every month.
- Over the last year SMBS delivered the higher total return: +2.5% vs +2.5% (price change plus payouts).
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SMBS | VMBS |
|---|---|---|
| Share price | $24.84 | $45.82 |
| TTM yield | 5.25% | 4.28% |
| Forward yield | 5.25% | 4.28% |
| Annual payout per share | $1.304 | $1.959 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.03% | 0.03% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 96/100 | 97/100 |
| 1-year total return | +2.5% | +2.5% |
| 1-year price return | -2.6% | -1.7% |
| Size (market cap / AUM) | 6.6B | 17.6B |
| Years paying | 1.7 | 16.7 |
| Sector / category | Government Mortgage-Backed Bond | Government Mortgage-Backed Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SMBS | VMBS | |
|---|---|---|
| Shares | 402.6 | 218.2 |
| Income per year | $525 | $428 |
| Income per month (avg) | $44 | $36 |
At forward yields, before taxes. Model SMBS · Model VMBS
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SMBS Oct 1, 2026 | Oct 15, 2026 | $0.1087 | Est. |
| SMBS Oct 31, 2026 | Nov 14, 2026 | $0.1087 | Est. |
| SMBS Nov 30, 2026 | Dec 14, 2026 | $0.1087 | Est. |
| VMBS Oct 1, 2026 | Oct 3, 2026 | $0.1633 | Est. |
| VMBS Oct 31, 2026 | Nov 2, 2026 | $0.1633 | Est. |
| VMBS Nov 30, 2026 | Dec 2, 2026 | $0.1633 | Est. |
Annual payouts per share
SMBSVMBS
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SMBS or VMBS?
SMBS currently has the higher trailing yield: SMBS yields 5.25% and VMBS yields 4.28%. Yield changes daily with price, so check the live figures above.
How often do SMBS and VMBS pay?
SMBS pays every month and VMBS pays every month. SMBS's next ex-date is Oct 1, 2026 and VMBS's is Oct 1, 2026.
Is SMBS or VMBS better for income?
It depends on what you are optimising for. SMBS and VMBS differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.