JMBS vs. JMTG
JMBS (Janus Henderson Mortgage-Backed Securities ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. JMBS charges 0.32%/yr vs 0.24%/yr for JMTG.
Performance
JMBS vs. JMTG - Performance Comparison
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Returns By Period
In the year-to-date period, JMBS achieves a 0.51% return, which is significantly higher than JMTG's 0.45% return.
JMBS
- 1D
- -0.29%
- 1M
- 0.29%
- YTD
- 0.51%
- 6M
- 0.73%
- 1Y
- 7.18%
- 3Y*
- 4.66%
- 5Y*
- 0.74%
- 10Y*
- —
JMTG
- 1D
- -0.06%
- 1M
- -0.04%
- YTD
- 0.45%
- 6M
- 0.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBS vs. JMTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.51% | 4.48% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.45% | 3.90% |
Correlation
The correlation between JMBS and JMTG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.91 |
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Return for Risk
JMBS vs. JMTG — Risk / Return Rank
JMBS
JMTG
JMBS vs. JMTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and JPMorgan Mortgage-Backed Securities ETF (JMTG). 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.
| JMBS | JMTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | — | — |
| Martin ratioReturn relative to average drawdown | 7.80 | — | — |
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
| JMBS | JMTG | 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 | 0.42 | 1.29 | -0.87 |
Drawdowns
JMBS vs. JMTG - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for JMBS and JMTG.
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Drawdown Indicators
| JMBS | JMTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -2.78% | -13.90% |
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 | -1.66% | -1.79% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -0.66% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | — | — |
Volatility
JMBS vs. JMTG - Volatility Comparison
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Volatility by Period
| JMBS | JMTG | 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 | 4.31% | 3.68% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 3.68% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 3.68% | +1.84% |
JMBS vs. JMTG - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is higher than JMTG's 0.24% expense ratio.
Dividends
JMBS vs. JMTG - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.19%, more than JMTG's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 3.92% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, JMBS and JMTG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JMTG is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMTG is cheaper with a 0.24% expense ratio, compared with 0.32% for JMBS.
JMBS has the higher dividend yield at 5.19%, compared with 3.92% for JMTG.
They also come from different issuers: Janus Henderson and JPMorgan. Their fees differ too: 0.32% for JMBS and 0.24% for JMTG.
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