- Issuer
- Janus Henderson
- Inception Date
- Sep 12, 2018
- Region
- North America (U.S.)
- Category
- Mortgage Backed Securities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $7B
Share Price Chart
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Performance
JMBS Performance Chart
Janus Henderson Mortgage-Backed Securities ETF (JMBS) is up 0.6% since the beginning of the year. JMBS is currently trading at $45 per share. Investors who bought $1,000 worth of JMBS shares 5 years ago would now be looking at an investment worth $1,040.
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Returns By Period
Janus Henderson Mortgage-Backed Securities ETF (JMBS) has returned 0.62% so far this year and 6.31% over the past 12 months.
Janus Henderson Mortgage-Backed Securities ETF
- 1D
- -0.20%
- 1M
- 0.43%
- YTD
- 0.62%
- 6M
- 0.77%
- 1Y
- 6.31%
- 3Y*
- 4.63%
- 5Y*
- 0.79%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JMBS Monthly Returns History
Based on dividend-adjusted daily data since Sep 13, 2018, JMBS's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +5.6%, while the worst month was Sep 2022 at -5.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.
On a daily basis, JMBS closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.4%, while the worst single day was Jun 13, 2022 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.59% | 1.60% | -1.96% | 0.40% | 0.29% | -0.27% | 0.62% | ||||||
| 2025 | 0.68% | 2.55% | -0.07% | 0.20% | -1.07% | 1.83% | -0.38% | 1.80% | 1.24% | 0.90% | 0.61% | 0.24% | 8.82% |
| 2024 | -0.20% | -1.79% | 0.99% | -2.93% | 2.08% | 1.22% | 2.77% | 1.71% | 1.25% | -3.15% | 1.43% | -1.64% | 1.53% |
| 2023 | 3.52% | -2.76% | 2.63% | 0.29% | -1.14% | -0.10% | -0.08% | -1.03% | -3.01% | -2.31% | 5.64% | 4.32% | 5.66% |
| 2022 | -1.27% | -1.15% | -2.78% | -3.11% | 1.00% | -1.36% | 2.83% | -2.79% | -5.44% | -1.34% | 4.01% | -0.25% | -11.40% |
| 2021 | 0.22% | -0.45% | -0.32% | 0.60% | -0.17% | 0.03% | 0.45% | -0.03% | -0.10% | -0.29% | -0.06% | -0.21% | -0.32% |
Benchmark Metrics
Janus Henderson Mortgage-Backed Securities ETF has an annualized alpha of 1.97%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 13, 2018.
- This ETF participated in 22.75% of S&P 500 Index downside but only 15.24% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.97%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 15.24%
- Downside Capture
- 22.75%
Expense Ratio
JMBS has an expense ratio of 0.32%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JMBS ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JMBS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.78 | -0.71 |
| Martin ratioReturn relative to average drawdown | 6.47 | 12.44 | -5.97 |
Dividends
Dividend History
Janus Henderson Mortgage-Backed Securities ETF provided a 5.19% dividend yield over the last twelve months, with an annual payout of $2.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.33 | $2.30 | $2.44 | $2.01 | $1.24 | $0.61 | $1.56 | $1.89 | $0.45 |
Dividend yield | 5.19% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson Mortgage-Backed Securities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.21 | $0.19 | $0.20 | $0.19 | $0.19 | $0.00 | $0.98 | ||||||
| 2025 | $0.00 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.20 | $0.18 | $0.19 | $0.20 | $0.19 | $0.39 | $2.30 |
| 2024 | $0.00 | $0.18 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.20 | $0.20 | $0.20 | $0.19 | $0.52 | $2.44 |
| 2023 | $0.00 | $0.11 | $0.16 | $0.16 | $0.17 | $0.16 | $0.17 | $0.15 | $0.18 | $0.17 | $0.18 | $0.39 | $2.01 |
| 2022 | $0.00 | $0.03 | $0.04 | $0.06 | $0.07 | $0.09 | $0.09 | $0.10 | $0.13 | $0.14 | $0.14 | $0.35 | $1.24 |
| 2021 | $0.00 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.08 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Janus Henderson Mortgage-Backed Securities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Janus Henderson Mortgage-Backed Securities ETF was 16.68%, occurring on Oct 20, 2022. Recovery took 720 trading sessions.
The current Janus Henderson Mortgage-Backed Securities ETF drawdown is 1.55%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.68%Oct 2022 | 1y 2mo | 2y 10mo | 4y 1moAug 2021 - Sep 2025 |
COVID crash2020 | -4.28%Mar 2020 | 10d | 1mo 12d | 1mo 22dMar 2020 - May 2020 |
2026 pullback2026 | -3.05%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
Rate-hike selloffLate 2018 | -1.46%Nov 2018 | 1mo 23d | 28d | 2mo 21dSep 2018 - Dec 2018 |
2021 pullback2021 | -0.97%Mar 2021 | 1mo 16d | 4mo 6d | 5mo 22dFeb 2021 - Aug 2021 |
Drawdown Indicators
| JMBS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -56.78% | +40.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -9.10% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.76% | -18.90% | +11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -25.43% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.55% | -1.80% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -10.71% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.03% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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