Janus Henderson Mortgage-Backed Securities ETF (JMBS) belongs to the Mortgage Backed Securities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with JMBS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JMBS
JMBS charges 0.32% annually. There are 13 ETFs in the Mortgage Backed Securities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Mortgage-Backed Securities ETF | 0.03% | — | Nov 2024 | JMBS vs SMBS | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | 17.10B | Nov 2009 | JMBS vs VMBS | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | 7.02B | Jan 2009 | JMBS vs SPMB | |
| iShares MBS Bond ETF | 0.06% | 39.57B | Mar 2007 | JMBS vs MBB | |
| Simplify MBS ETF | 0.15% | 1.55B | Nov 2023 | JMBS vs MTBA |
Best Risk-Adjusted Alternatives to JMBS
JMBS has a PortfoliosLab risk / return rank of 44. There are 4 ETFs in the Mortgage Backed Securities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 95 | 291.09M | Nov 2013 | JMBS vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 88 | 6.34B | Nov 2014 | JMBS vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 70 | 112.64M | Feb 2021 | JMBS vs VABS | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | 48 | — | Jul 1997 | JMBS vs PMBS | |
| Vanguard Mortgage-Backed Securities ETF | 43 | 17.10B | Nov 2009 | JMBS vs VMBS |
Top Performing JMBS Alternatives (YTD)
JMBS is at 0.77% YTD. There are 13 ETFs in the Mortgage Backed Securities category with higher YTD returns, going as high as 5.41%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Regan Fixed Rate MBS ETF | 5.41% | 13.94M | Apr 2025 | JMBS vs MBSX | |
| Nuveen Securitized Income ETF | 1.96% | 167.58M | Sep 2025 | JMBS vs NSCI | |
| Virtus Newfleet ABS/MBS ETF | 1.70% | 112.64M | Feb 2021 | JMBS vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.44% | 6.34B | Nov 2014 | JMBS vs LMBS | |
| Academy Veteran Bond ETF | 1.08% | 80.69M | Aug 2023 | JMBS vs VETZ |
Lowest Volatility Alternatives to JMBS
JMBS has 4.26% 1-year volatility. There are 14 ETFs in the Mortgage Backed Securities category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Securitized Income ETF | 1.30% | 167.58M | Sep 2025 | JMBS vs NSCI | |
| Franklin Short Duration U.S. Government ETF | 1.35% | 291.09M | Nov 2013 | JMBS vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 1.94% | 6.34B | Nov 2014 | JMBS vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 2.01% | 112.64M | Feb 2021 | JMBS vs VABS | |
| Eaton Vance Mortgage Opportunities ETF | 2.86% | — | Aug 2025 | JMBS vs EVMO |
Lowest Drawdown Alternatives to JMBS
JMBS has a 1-year max drawdown of -3.05%. There are 15 ETFs in the Mortgage Backed Securities category with shallower 1-year drawdowns, going as shallow as -0.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.45% | 291.09M | Nov 2013 | JMBS vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -0.98% | 112.64M | Feb 2021 | JMBS vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | -1.43% | 6.34B | Nov 2014 | JMBS vs LMBS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.17% | 94.67M | Sep 2014 | JMBS vs MBSD | |
| iShares CMBS ETF | -2.44% | 475.16M | Feb 2012 | JMBS vs CMBS |
Other ETFs from Janus Henderson
The 10 most viewed Janus Henderson ETFs shown here include JAAA, JBBB, VNLA and span 8 categories. AUM among these funds goes as high as $28B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | CLO | 98 | 2.07% | 28.22B | Oct 2020 | JMBS vs JAAA | |
| Janus Henderson B-BBB CLO ETF | CLO | 42 | 1.67% | 1.21B | Jan 2022 | JMBS vs JBBB | |
| Janus Henderson Short Duration Income ETF | Ultrashort Bond | 98 | 1.67% | 3.30B | Nov 2016 | JMBS vs VNLA | |
| Janus Henderson Securitized Income ETF | Short-Term Bond | 47 | 0.86% | 1.52B | Nov 2023 | JMBS vs JSI | |
| Janus Henderson Small/Mid Cap Growth Alpha ETF | Mid Cap Growth Equities | 39 | 19.16% | 1.07B | Feb 2016 | JMBS vs JSMD | |
| Janus Henderson Small Cap Growth Alpha ETF | Small Cap Growth Equities | 55 | 23.76% | 349.76M | Feb 2016 | JMBS vs JSML | |
| Janus Henderson U.S. Real Estate ETF | 48 | 18.21% | 4.10M | Jun 2021 | JMBS vs JRE | ||
| Janus Henderson Transformational Growth ETF | Large Cap Growth Equities | 38 | 13.32% | — | Feb 2025 | JMBS vs JXX | |
| Janus Henderson Corporate Bond ETF | Corporate Bonds | 43 | 0.56% | 30.29M | Sep 2021 | JMBS vs SCRD | |
| Janus Henderson Income ETF | Multisector Bonds | 62 | 1.56% | 182.27M | Nov 2024 | JMBS vs JIII |
Often Compared With JMBS
Investors most often compare JMBS with IGSB, PONAX, VGT. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare JMBS with Any Fund or Stock
Compare JMBS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JMBS with funds that move differently
Janus Henderson Mortgage-Backed Securities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JMBS.
Explore JMBS Diversifiers