BRTR vs SECR
iShares Total Return Active ETF vs NYLIM MacKay Securitized Income ETF
Which is better, BRTR or SECR?
Nearly the same fund. SECR costs less.
SECR has a lower expense ratio. BRTR led over the full window, SECR over 1Y. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BRTR | SECR |
|---|---|---|
| Expense Ratio | 0.38% | 0.28%Best |
| AUM | $816M | $160M |
| Dividend Yield | 4.92% | 7.14% |
| Holdings | 3,009 | 461 |
| YTD Return | -2.33% | -2.03%Best |
| 1Y Return | -1.91% | -1.84%Best |
| Volatility (annualized) | 5.0% | 4.7%Best |
| Max Drawdown | -5.0%Best | -5.1% |
| $10,000 over 2.4 years | $11,079Best | $10,977 |
| Fund Family | BlackRock, Inc. (US) | New York Life Investment Management LLC |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Dec 12, 2023 | May 31, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 31, 2024 to Oct 14, 2026 (2.4 years).
BRTR vs SECR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
BRTR vs SECR Performance
iShares Total Return Active ETF (BRTR) is an ETF from BlackRock, Inc. (US) and NYLIM MacKay Securitized Income ETF (SECR) is an ETF from New York Life Investment Management LLC. Over the past year BRTR returned -1.91% while SECR returned -1.84%. Year to date, BRTR is down 2.33% versus a loss of 2.03% for SECR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BRTR has been the more volatile fund, with annualized monthly volatility of 5.0% compared with 4.7% for SECR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.0% for BRTR and -5.1% for SECR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BRTR charges 0.38% per year while SECR charges 0.28%. On a $10,000 position that is $38 vs $28 annually, a gap of $10 per year that compounds over a long holding period. On income, BRTR currently yields 4.92% against 7.14% for SECR.
Holdings Overlap
We hold position weights for 618 holdings in BRTR and 96 in SECR, totalling 71.3% and 37.4% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 4 positions appear in both.
4 positions in common, counted across the 618 positions we hold weights for in BRTR and 96 in SECR, against full books of 3,009 and 461.
You are not choosing between two funds in isolation.
Whichever of BRTR and SECR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BRTR or SECR?
BRTR has an expense ratio of 0.38% while SECR charges 0.28%. SECR is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, BRTR or SECR?
Over the past year BRTR returned -1.91% vs -1.84% for SECR, so SECR leads on 1-year performance. Over the longest common window we track (2 years), BRTR annualized +4.36% vs +3.96% for SECR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRTR or SECR?
BRTR has been the more volatile fund at 5.0% annualized versus 4.7% for SECR. Worst drawdown: BRTR -5.0% vs SECR -5.1%.
Should I hold both BRTR and SECR?
BRTR and SECR have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BRTR or SECR?
BRTR yields 4.92% while SECR yields 7.14%, so SECR currently pays the higher dividend yield.
Is SECR better than BRTR?
SECR has a lower expense ratio. BRTR led over the full window, SECR over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.