JELM vs. JMBS
JELM (Janus Henderson Equity Linked Moderate Income ETF) and JMBS (Janus Henderson Mortgage-Backed Securities ETF) are both exchange-traded funds - JELM is a Derivative Income fund actively managed by Janus Henderson, while JMBS is a Mortgage Backed Securities fund actively managed by Janus Henderson. Both are actively managed. Their 0.01 correlation means their historical movements had little consistent relationship. JELM charges 0.59%/yr vs 0.32%/yr for JMBS.
Performance
JELM vs. JMBS - Performance Comparison
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Returns By Period
JELM
- 1D
- 0.20%
- 1M
- 1.29%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JMBS
- 1D
- 0.57%
- 1M
- -0.75%
- 6M
- -0.08%
- YTD
- 0.30%
- 1Y
- 4.09%
- 3Y*
- 4.94%
- 5Y*
- 0.59%
- 10Y*
- —
- ALL TIME*
- 2.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $199.95K | $786.17K | $963.17K | |
| $31.54M | $28.03M | $29.63M |
JELM vs. JMBS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
JELM Janus Henderson Equity Linked Moderate Income ETF | 2.35% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | -0.62% |
Correlation
The correlation between JELM and JMBS is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | 0.01 |
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Return for Risk
JELM vs. JMBS — Risk / Return Rank
JELM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JMBS
JELM vs. JMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Equity Linked Moderate Income ETF (JELM) 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.
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.
| JELM | JMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.34 | — |
| Martin ratioReturn relative to average drawdown | — | 3.61 | — |
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Drawdowns
JELM vs. JMBS - Drawdown Comparison
The maximum JELM drawdown since its inception was -0.69%, smaller than the maximum JMBS drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for JELM and JMBS.
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Drawdown Indicators
| JELM | JMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.69% | -16.68% | +15.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.64% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.86% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -3.85% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.13% | — |
Volatility
JELM vs. JMBS - Volatility Comparison
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Volatility by Period
| JELM | JMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 4.24% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 6.54% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 5.51% | -1.82% |
JELM vs. JMBS - Expense Ratio Comparison
JELM has a 0.59% expense ratio, which is higher than JMBS's 0.32% expense ratio.
Dividends
JELM vs. JMBS - Dividend Comparison
JELM's dividend yield for the trailing twelve months is around 1.21%, less than JMBS's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JELM Janus Henderson Equity Linked Moderate Income ETF | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.26% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% |
Frequently Asked Questions
JELM and JMBS have a correlation of 0.01, 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 0.59% for JELM.
JMBS has the higher dividend yield at 5.26%, compared with 1.21% for JELM.
JELM is categorized as Derivative Income, while JMBS is Mortgage Backed Securities. Their fees differ too: 0.59% for JELM and 0.32% for JMBS.
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