FTSD vs. JMTG

Last updated Aug 2, 2026

FTSD (Franklin Short Duration U.S. Government ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, FTSD returned 3.75% vs 3.50% for JMTG. Their 0.47 correlation means their historical movements had little consistent relationship. FTSD charges 0.25%/yr vs 0.24%/yr for JMTG.

Performance

FTSD vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Short Duration U.S. Government ETF (FTSD) 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, FTSD achieves a 1.24% return, which is significantly higher than JMTG's 0.02% return.

FTSD

• 1D: 0.00%
• 1M: 0.05%
• 6M: 0.99%
• YTD: 1.24%
• 1Y: 3.75%
• 3Y*: 5.00%
• 5Y*: 2.57%
• 10Y*: 2.10%
• ALL TIME*: 1.80%

JMTG

• 1D: -0.38%
• 1M: -0.99%
• 6M: -0.10%
• YTD: 0.02%
• 1Y: 3.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTSD Franklin Short Duration U.S. Government ETF	$2.17M	$2.80M	$2.13M
JMTG JPMorgan Mortgage-Backed Securities ETF	$30.92M	$28.07M	$37.29M

FTSD vs. JMTG - Yearly Performance Comparison

	2026 (YTD)	2025
FTSD Franklin Short Duration U.S. Government ETF	1.24%	2.91%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.02%	3.94%

Correlation

The correlation between FTSD and JMTG is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.47

Return for Risk

FTSD vs. JMTG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTSD

FTSD Risk / Return Rank: 96
FTSD Sharpe Ratio Rank: 96
FTSD Sortino Ratio Rank: 96
FTSD Omega Ratio Rank: 95
FTSD Calmar Ratio Rank: 97
FTSD Martin Ratio Rank: 97

JMTG

JMTG Risk / Return Rank: 46
JMTG Sharpe Ratio Rank: 49
JMTG Sortino Ratio Rank: 50
JMTG Omega Ratio Rank: 47
JMTG Calmar Ratio Rank: 45
JMTG Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTSD vs. JMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) 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.

	FTSD	JMTG	Difference
Sharpe ratio: Return per unit of total volatility	2.86	1.22	+1.64
Sortino ratio: Return per unit of downside risk	4.40	1.79	+2.61
Omega ratio: Gain probability vs. loss probability	1.58	1.22	+0.36
Calmar ratio: Return relative to maximum drawdown	8.64	1.61	+7.02
Martin ratio: Return relative to average drawdown	32.41	4.07	+28.35

FTSD vs. JMTG - Sharpe Ratio Comparison

The current FTSD Sharpe Ratio is 2.86, which is higher than the JMTG Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of FTSD 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

FTSD vs. JMTG - Drawdown Comparison

The maximum FTSD drawdown since its inception was -5.32%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for FTSD and JMTG.

Drawdown Indicators

	FTSD	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-2.78%	-2.54%
Max Drawdown (1Y) Largest decline over 1 year	-0.45%	-2.78%	+2.33%
Max Drawdown (3Y) Largest decline over 3 years	-0.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.32%	—	—
Current Drawdown Current decline from peak	0.00%	-2.22%	+2.22%
Average Drawdown Average peak-to-trough decline	-0.60%	-0.80%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.12%	1.10%	-0.98%

Volatility

FTSD vs. JMTG - Volatility Comparison

The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.32%, while JPMorgan Mortgage-Backed Securities ETF (JMTG) has a volatility of 0.97%. This indicates that FTSD experiences smaller price fluctuations and is considered to be less risky than JMTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTSD	JMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.97%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	1.09%	2.92%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	1.36%	3.68%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.87%	3.68%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.76%	3.68%	-1.92%

FTSD vs. JMTG - Expense Ratio Comparison

FTSD has a 0.25% expense ratio, which is higher than JMTG's 0.24% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FTSD vs. JMTG - Dividend Comparison

FTSD's dividend yield for the trailing twelve months is around 4.48%, more than JMTG's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTSD Franklin Short Duration U.S. Government ETF	4.05%	4.67%	4.75%	4.14%	1.73%	1.01%	1.54%	2.90%	2.63%	2.24%	1.92%	1.52%
JMTG JPMorgan Mortgage-Backed Securities ETF	3.97%	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTSD and JMTG in my portfolio?

FTSD and JMTG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTSD or JMTG?

JMTG has higher volatility (0.97%) compared to FTSD (0.32%). In terms of maximum drawdown, FTSD dropped -5.32% vs JMTG's -2.78%.

Which ETF is better, FTSD or JMTG?

On 1-year performance, FTSD leads with 3.75% vs 3.50% for JMTG. On fees, JMTG is cheaper at 0.24% per year. On volatility, FTSD has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTSD or JMTG?

Over the 1-year period, FTSD has performed better with a 3.75% return vs 3.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTSD or JMTG?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.25% for FTSD.

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

FTSD has the higher dividend yield at 4.05%, compared with 3.97% for JMTG.

What is the main difference between FTSD and JMTG?

They also come from different issuers: Franklin Templeton and JPMorgan. Their fees differ too: 0.25% for FTSD and 0.24% for JMTG.

Which has better risk-adjusted returns?

FTSD currently has the higher Sharpe Ratio (2.86 vs 1.22), 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.