Correlation
The correlation between JMBS and IGSB is 0.10, 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.
JMBS vs. IGSB
Compare and contrast key facts about Janus Henderson Mortgage-Backed Securities ETF (JMBS) and iShares Short-Term Corporate Bond ETF (IGSB).
JMBS and IGSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMBS is an actively managed fund by Janus Henderson. It was launched on Sep 12, 2018. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMBS or IGSB.
Performance
JMBS vs. IGSB - Performance Comparison
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Key characteristics
JMBS:
1.06
IGSB:
2.93
JMBS:
1.35
IGSB:
4.29
JMBS:
1.16
IGSB:
1.59
JMBS:
0.57
IGSB:
5.23
JMBS:
2.32
IGSB:
15.27
JMBS:
2.39%
IGSB:
0.46%
JMBS:
6.01%
IGSB:
2.46%
JMBS:
-16.68%
IGSB:
-13.38%
JMBS:
-3.97%
IGSB:
0.00%
Returns By Period
In the year-to-date period, JMBS achieves a 1.93% return, which is significantly lower than IGSB's 2.79% return.
JMBS
1.93%
-1.36%
0.73%
6.32%
1.16%
-0.36%
N/A
IGSB
2.79%
0.12%
2.83%
7.16%
4.13%
2.09%
2.41%
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JMBS vs. IGSB - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Risk-Adjusted Performance
JMBS vs. IGSB — Risk-Adjusted Performance Rank
JMBS
IGSB
JMBS vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and iShares Short-Term Corporate Bond ETF (IGSB). 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.
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Dividends
JMBS vs. IGSB - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.51%, more than IGSB's 4.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.51% | 5.53% | 4.38% | 2.72% | 1.17% | 2.92% | 3.64% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares Short-Term Corporate Bond ETF | 4.19% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% |
Drawdowns
JMBS vs. IGSB - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for JMBS and IGSB.
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Volatility
JMBS vs. IGSB - Volatility Comparison
Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a higher volatility of 1.76% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.69%. This indicates that JMBS's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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