JABS vs. JMBS
JABS (Janus Henderson Asset-Backed Securities ETF) and JMBS (Janus Henderson Mortgage-Backed Securities ETF) are both exchange-traded funds - JABS is a Short-Term Bond fund actively managed by Janus Henderson, while JMBS is a Mortgage Backed Securities fund actively managed by Janus Henderson. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. JABS charges 0.33%/yr vs 0.32%/yr for JMBS.
Performance
JABS vs. JMBS - Performance Comparison
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Returns By Period
In the year-to-date period, JABS achieves a 1.29% return, which is significantly higher than JMBS's 0.51% return.
JABS
- 1D
- -0.12%
- 1M
- 0.33%
- YTD
- 1.29%
- 6M
- 1.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBS
- 1D
- -0.29%
- 1M
- 0.29%
- YTD
- 0.51%
- 6M
- 0.73%
- 1Y
- 7.18%
- 3Y*
- 4.66%
- 5Y*
- 0.74%
- 10Y*
- —
JABS vs. JMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JABS Janus Henderson Asset-Backed Securities ETF | 1.29% | 2.49% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.51% | 5.05% |
Correlation
The correlation between JABS and JMBS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.26 |
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Return for Risk
JABS vs. JMBS — Risk / Return Rank
JABS
JMBS
JABS vs. JMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Asset-Backed Securities ETF (JABS) and Janus Henderson Mortgage-Backed Securities ETF (JMBS). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| JABS | JMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.67 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 0.42 | +1.81 |
Drawdowns
JABS vs. JMBS - Drawdown Comparison
The maximum JABS drawdown since its inception was -0.97%, smaller than the maximum JMBS drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for JABS and JMBS.
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Drawdown Indicators
| JABS | JMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.97% | -16.68% | +15.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.68% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.66% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -3.90% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.92% | — |
Volatility
JABS vs. JMBS - Volatility Comparison
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Volatility by Period
| JABS | JMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 4.31% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 6.49% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.00% | 5.52% | -3.52% |
JABS vs. JMBS - Expense Ratio Comparison
JABS has a 0.33% expense ratio, which is higher than JMBS's 0.32% expense ratio.
Dividends
JABS vs. JMBS - Dividend Comparison
JABS's dividend yield for the trailing twelve months is around 4.19%, less than JMBS's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JABS Janus Henderson Asset-Backed Securities ETF | 4.19% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.19% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% |
Frequently Asked Questions
JABS and JMBS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBS is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBS is cheaper with a 0.32% expense ratio, compared with 0.33% for JABS.
JMBS has the higher dividend yield at 5.19%, compared with 4.19% for JABS.
JABS is categorized as Short-Term Bond, while JMBS is Mortgage Backed Securities. Their fees differ too: 0.33% for JABS and 0.32% for JMBS.
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