JMBS vs. LMBS
Compare and contrast key facts about Janus Henderson Mortgage-Backed Securities ETF (JMBS) and First Trust Low Duration Mortgage Opportunities ETF (LMBS).
JMBS and LMBS 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. LMBS is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Performance
JMBS vs. LMBS - Performance Comparison
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JMBS vs. LMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.19% | 8.82% | 1.53% | 5.66% | -11.40% | -0.32% | 5.80% | 7.11% | 1.53% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 0.66% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | 4.10% | 0.73% |
Returns By Period
In the year-to-date period, JMBS achieves a 0.19% return, which is significantly lower than LMBS's 0.66% return.
JMBS
- 1D
- 0.25%
- 1M
- -1.96%
- YTD
- 0.19%
- 6M
- 1.96%
- 1Y
- 5.68%
- 3Y*
- 4.22%
- 5Y*
- 0.74%
- 10Y*
- —
LMBS
- 1D
- 0.22%
- 1M
- -0.91%
- YTD
- 0.66%
- 6M
- 2.10%
- 1Y
- 5.57%
- 3Y*
- 5.69%
- 5Y*
- 2.95%
- 10Y*
- 2.84%
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JMBS vs. LMBS - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Return for Risk
JMBS vs. LMBS — Risk / Return Rank
JMBS
LMBS
JMBS vs. LMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). 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 | LMBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.18 | -1.00 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.91 | -1.23 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.25 | -1.33 |
Martin ratioReturn relative to average drawdown | 5.24 | 13.96 | -8.72 |
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 | LMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.18 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 1.16 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.13 | -0.71 |
Correlation
The correlation between JMBS and LMBS is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JMBS vs. LMBS - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.58%, more than LMBS's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.58% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% | 0.00% | 0.00% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.10% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Drawdowns
JMBS vs. LMBS - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than LMBS's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for JMBS and LMBS.
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Drawdown Indicators
| JMBS | LMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -6.49% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -1.72% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -6.16% | -10.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.49% | — |
Current DrawdownCurrent decline from peak | -1.96% | -0.91% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -0.81% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.40% | +0.70% |
Volatility
JMBS vs. LMBS - Volatility Comparison
Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a higher volatility of 1.96% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.88%. This indicates that JMBS's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBS | LMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.88% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 1.37% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 2.57% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 2.55% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 2.38% | +3.16% |