CMBS Performance — iShares CMBS ETF
Data updated: 2026-09-25
CMBS returned +0.28% year to date and +3.30% over one year to Jul 2026. Annualised returns are +5.26% over 3 years and +0.59% over 5 years. Against its Intermediate Securitized Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $117, against $115 for the category, and to $103 over one year, against $104. Volatility over the past three years was 3.91% a year. In the 12 months to Jul 2026 the fund took in a net $27.0M, and assets reached $472.92M.
CMBS Growth of $100
What $100 invested in iShares CMBS ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | CMBS | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $104 |
| 3 years (Aug 2023 – Jul 2026) | $117 | $115 |
| 5 years (Aug 2021 – Jul 2026) | $103 | $103 |
| Since data start (Aug 2019 – Jul 2026) | $113 | $111 |
CMBS Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.28% |
| 1 year | +3.30% |
| 3 years (annualised) | +5.26% |
| 5 years (annualised) | +0.59% |
CMBS Annual Returns
Calendar-year total returns of iShares CMBS ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.28% |
| 2025 | +7.37% |
| 2024 | +4.50% |
| 2023 | +4.91% |
| 2022 | −11.18% |
| 2021 | −1.64% |
| 2020 | +7.85% |
| 2019 (Aug–Dec) | +1.24% |
CMBS Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +1.2% | −1.3% | +0.1% | +0.1% | +0.1% | −0.4% | — | — | — | — | — |
| 2025 | +0.7% | +1.6% | +0.2% | +0.9% | −0.3% | +1.2% | −0.1% | +1.4% | +0.4% | +0.4% | +0.7% | 0.0% |
| 2024 | +0.8% | −0.8% | +0.8% | −1.8% | +1.5% | +0.9% | +2.1% | +1.2% | +1.3% | −1.8% | +1.0% | −0.7% |
| 2023 | +2.6% | −1.9% | +1.1% | +0.8% | −0.6% | −0.9% | +0.2% | −0.1% | −1.2% | −0.9% | +3.0% | +2.9% |
| 2022 | −1.5% | −1.2% | −2.9% | −2.3% | +0.2% | −0.8% | +1.8% | −2.6% | −3.1% | −1.6% | +2.6% | 0.0% |
| 2021 | −0.1% | −1.3% | −1.2% | +0.9% | +0.7% | +0.2% | +0.9% | −0.2% | −0.8% | −0.4% | −0.2% | −0.2% |
| 2020 | +2.5% | +1.9% | −3.1% | +1.2% | +1.0% | +1.6% | +1.2% | +0.1% | +0.3% | −0.5% | +0.8% | +0.8% |
| 2019 | — | — | — | — | — | — | — | +2.4% | −0.7% | +0.3% | −0.4% | −0.3% |
CMBS Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 3.91%
- 3-year Sharpe ratio: 0.19 (vs 4.5% risk-free rate)
- Best month: +2.98% (Nov 2023)
- Worst month: −1.84% (Oct 2024)
CMBS Fund Flows
Monthly money in and out of iShares CMBS ETF, from SEC Form N-PORT.
- 12-month net flow: $27.0M
- 12-month gross sales (incl. reinvestments): $78.4M
- Sales ÷ redemptions: 1.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $0 | $0 | $0 |
| Jun 2026 | $0 | $4.9M | −$4.9M |
| May 2026 | $2.4M | $0 | $2.4M |
| Apr 2026 | $0 | $22.0M | −$22.0M |
| Mar 2026 | $2.5M | $0 | $2.5M |
| Feb 2026 | $7.4M | $2.5M | $4.9M |
| Jan 2026 | $2.4M | $0 | $2.4M |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $4.9M | $19.6M | −$14.7M |
| Oct 2025 | $2.5M | $2.5M | $12K |
| Sep 2025 | $44.1M | $0 | $44.1M |
| Aug 2025 | $12.2M | $0 | $12.2M |
CMBS Assets Under Management
Net assets of iShares CMBS ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $472.92M |
| 2026-04-30 | $480.57M |
| 2026-01-31 | $499.33M |
| 2025-10-31 | $510.34M |
| 2025-07-31 | $447.75M |
| 2025-04-30 | $431.25M |
| 2025-01-31 | $440.13M |
| 2024-10-31 | $456.02M |
| 2024-07-31 | $449.91M |
| 2024-04-30 | $404.07M |
| 2024-01-31 | $426.34M |
| 2023-10-31 | $386.77M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.