Correlation
The correlation between JMBS and JAAA is 0.09, 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. JAAA
Compare and contrast key facts about Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Janus Henderson AAA CLO ETF (JAAA).
JMBS and JAAA 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. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMBS or JAAA.
Performance
JMBS vs. JAAA - Performance Comparison
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Key characteristics
JMBS:
1.03
JAAA:
3.32
JMBS:
1.55
JAAA:
4.30
JMBS:
1.19
JAAA:
2.25
JMBS:
0.66
JAAA:
4.08
JMBS:
2.66
JAAA:
28.11
JMBS:
2.40%
JAAA:
0.21%
JMBS:
6.01%
JAAA:
1.78%
JMBS:
-16.68%
JAAA:
-2.60%
JMBS:
-3.64%
JAAA:
0.00%
Returns By Period
In the year-to-date period, JMBS achieves a 2.27% return, which is significantly higher than JAAA's 1.89% return.
JMBS
2.27%
-0.80%
0.59%
5.86%
1.54%
-0.29%
N/A
JAAA
1.89%
0.73%
2.48%
5.84%
6.71%
N/A
N/A
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JMBS vs. JAAA - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
JMBS vs. JAAA — Risk-Adjusted Performance Rank
JMBS
JAAA
JMBS vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Janus Henderson AAA CLO ETF (JAAA). 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. JAAA - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.49%, less than JAAA's 6.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.49% | 5.53% | 4.38% | 2.72% | 1.17% | 2.92% | 3.64% | 0.89% |
JAAA Janus Henderson AAA CLO ETF | 6.02% | 6.35% | 6.11% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% |
Drawdowns
JMBS vs. JAAA - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for JMBS and JAAA.
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Volatility
JMBS vs. JAAA - Volatility Comparison
Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a higher volatility of 1.81% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.34%. This indicates that JMBS's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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