DEED vs. JMTG

Last updated Jul 18, 2026

DEED (First Trust TCW Securitized Plus ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, DEED returned 6.53% vs 5.70% for JMTG. Their correlation of 0.81 suggests significant overlap in exposure. DEED charges 0.65%/yr vs 0.24%/yr for JMTG.

Performance

DEED vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Securitized Plus ETF (DEED) and JPMorgan Mortgage-Backed Securities ETF (JMTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEED achieves a 1.12% return, which is significantly higher than JMTG's 0.70% return.

DEED

• 1D: -0.08%
• 1M: 0.37%
• 6M: 0.75%
• YTD: 1.12%
• 1Y: 6.53%
• 3Y*: 5.34%
• 5Y*: 0.30%
• 10Y*: —

JMTG

• 1D: 0.00%
• 1M: 0.09%
• 6M: 0.50%
• YTD: 0.70%
• 1Y: 5.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DEED vs. JMTG - Yearly Performance Comparison

	2026 (YTD)	2025
DEED First Trust TCW Securitized Plus ETF	1.12%	4.43%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.70%	3.94%

Correlation

The correlation between DEED and JMTG is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.81

The correlation between DEED and JMTG has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

DEED vs. JMTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEED

DEED Risk / Return Rank: 59
DEED Sharpe Ratio Rank: 67
DEED Sortino Ratio Rank: 69
DEED Omega Ratio Rank: 64
DEED Calmar Ratio Rank: 52
DEED Martin Ratio Rank: 42

JMTG

JMTG Risk / Return Rank: 57
JMTG Sharpe Ratio Rank: 62
JMTG Sortino Ratio Rank: 65
JMTG Omega Ratio Rank: 62
JMTG Calmar Ratio Rank: 53
JMTG Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DEED vs. JMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Securitized Plus ETF (DEED) and JPMorgan Mortgage-Backed Securities ETF (JMTG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	DEED	JMTG	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.56	+0.12
Sortino ratio: Return per unit of downside risk	2.46	2.32	+0.15
Omega ratio: Gain probability vs. loss probability	1.30	1.29	+0.01
Calmar ratio: Return relative to maximum drawdown	2.06	2.06	0.00
Martin ratio: Return relative to average drawdown	5.39	5.57	-0.18

DEED vs. JMTG - Sharpe Ratio Comparison

The current DEED Sharpe Ratio is 1.68, which is comparable to the JMTG Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of DEED and JMTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DEED vs. JMTG - Drawdown Comparison

The maximum DEED drawdown since its inception was -19.96%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for DEED and JMTG.

Drawdown Indicators

	DEED	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-19.96%	-2.78%	-17.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-2.78%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-7.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Current Drawdown Current decline from peak	-1.26%	-1.55%	+0.29%
Average Drawdown Average peak-to-trough decline	-6.51%	-0.76%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	1.03%	+0.18%

Volatility

DEED vs. JMTG - Volatility Comparison

First Trust TCW Securitized Plus ETF (DEED) has a higher volatility of 1.32% compared to JPMorgan Mortgage-Backed Securities ETF (JMTG) at 1.06%. This indicates that DEED's price experiences larger fluctuations and is considered to be riskier than JMTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEED	JMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.06%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	2.88%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	3.67%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.57%	3.68%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.94%	3.68%	+2.26%

DEED vs. JMTG - Expense Ratio Comparison

DEED has a 0.65% expense ratio, which is higher than JMTG's 0.24% expense ratio.

Dividends

DEED vs. JMTG - Dividend Comparison

DEED's dividend yield for the trailing twelve months is around 4.33%, which matches JMTG's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DEED First Trust TCW Securitized Plus ETF	4.33%	4.10%	5.73%	5.59%	2.43%	1.93%	1.60%
JMTG JPMorgan Mortgage-Backed Securities ETF	4.31%	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEED and JMTG in my portfolio?

DEED and JMTG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEED or JMTG?

DEED has higher volatility (1.32%) compared to JMTG (1.06%). In terms of maximum drawdown, DEED dropped -19.96% vs JMTG's -2.78%.

Which ETF is better, DEED or JMTG?

On 1-year performance, DEED leads with 6.53% vs 5.70% for JMTG. On fees, JMTG is cheaper at 0.24% per year. On volatility, JMTG has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEED or JMTG?

Over the 1-year period, DEED has performed better with a 6.53% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEED or JMTG?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.65% for DEED.

Which ETF pays a higher dividend yield, DEED or JMTG?

DEED has the higher dividend yield at 4.33%, compared with 4.31% for JMTG.

What is the main difference between DEED and JMTG?

They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.65% for DEED and 0.24% for JMTG.

Which has better risk-adjusted returns?

DEED currently has the higher Sharpe Ratio (1.68 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.