JLS vs. FMY
Compare and contrast key facts about Nuveen Mortgage and Income Fund (JLS) and First Trust Mortgage Income Fund (FMY).
JLS is managed by Nuveen. It was launched on Nov 25, 2009. FMY is managed by First Trust. It was launched on May 25, 2005.
Performance
JLS vs. FMY - Performance Comparison
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JLS vs. FMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLS Nuveen Mortgage and Income Fund | 2.20% | 11.60% | 17.86% | 14.88% | -17.88% | 11.02% | -5.38% | 4.26% | -1.02% | 17.03% |
FMY First Trust Mortgage Income Fund | -2.09% | 8.63% | 7.04% | 16.08% | -13.03% | 3.12% | 4.68% | 12.92% | -3.40% | 7.24% |
Returns By Period
In the year-to-date period, JLS achieves a 2.20% return, which is significantly higher than FMY's -2.09% return. Over the past 10 years, JLS has outperformed FMY with an annualized return of 6.04%, while FMY has yielded a comparatively lower 3.91% annualized return.
JLS
- 1D
- 2.72%
- 1M
- -0.79%
- YTD
- 2.20%
- 6M
- 1.79%
- 1Y
- 6.72%
- 3Y*
- 15.30%
- 5Y*
- 5.84%
- 10Y*
- 6.04%
FMY
- 1D
- 0.64%
- 1M
- -4.11%
- YTD
- -2.09%
- 6M
- -0.76%
- 1Y
- 3.04%
- 3Y*
- 8.76%
- 5Y*
- 3.79%
- 10Y*
- 3.91%
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JLS vs. FMY - Expense Ratio Comparison
JLS has a 0.04% expense ratio, which is higher than FMY's 0.03% 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%.
Return for Risk
JLS vs. FMY — Risk / Return Rank
JLS
FMY
JLS vs. FMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Mortgage and Income Fund (JLS) and First Trust Mortgage Income Fund (FMY). 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.
| JLS | FMY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.33 | +0.31 |
Sortino ratioReturn per unit of downside risk | 0.89 | 0.53 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.06 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.53 | +0.25 |
Martin ratioReturn relative to average drawdown | 3.28 | 2.21 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JLS | FMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.33 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.29 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.33 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.31 | +0.22 |
Correlation
The correlation between JLS and FMY is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JLS vs. FMY - Dividend Comparison
JLS's dividend yield for the trailing twelve months is around 10.16%, more than FMY's 6.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLS Nuveen Mortgage and Income Fund | 10.16% | 10.13% | 9.91% | 9.29% | 6.56% | 4.61% | 4.94% | 6.20% | 9.31% | 13.44% | 7.11% | 6.68% |
FMY First Trust Mortgage Income Fund | 6.97% | 6.91% | 7.95% | 6.64% | 5.89% | 5.21% | 5.18% | 5.14% | 5.66% | 5.45% | 6.17% | 6.43% |
Drawdowns
JLS vs. FMY - Drawdown Comparison
The maximum JLS drawdown since its inception was -35.18%, which is greater than FMY's maximum drawdown of -27.98%. Use the drawdown chart below to compare losses from any high point for JLS and FMY.
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Drawdown Indicators
| JLS | FMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -27.98% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -7.13% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -19.94% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -19.94% | -15.24% |
Current DrawdownCurrent decline from peak | -2.27% | -4.11% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -6.84% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.73% | +0.32% |
Volatility
JLS vs. FMY - Volatility Comparison
Nuveen Mortgage and Income Fund (JLS) has a higher volatility of 4.50% compared to First Trust Mortgage Income Fund (FMY) at 4.13%. This indicates that JLS's price experiences larger fluctuations and is considered to be riskier than FMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLS | FMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 4.13% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 7.14% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.48% | 9.22% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 13.09% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.40% | 11.77% | +0.63% |