JMBS vs. MTBA
Compare and contrast key facts about Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Simplify MBS ETF (MTBA).
JMBS and MTBA 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. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMBS or MTBA.
Correlation
The correlation between JMBS and MTBA is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JMBS vs. MTBA - Performance Comparison
Key characteristics
JMBS:
0.92
MTBA:
1.12
JMBS:
1.36
MTBA:
1.61
JMBS:
1.16
MTBA:
1.20
JMBS:
0.51
MTBA:
1.37
JMBS:
2.38
MTBA:
3.36
JMBS:
2.36%
MTBA:
1.42%
JMBS:
6.05%
MTBA:
4.28%
JMBS:
-16.68%
MTBA:
-3.48%
JMBS:
-4.57%
MTBA:
-1.41%
Returns By Period
In the year-to-date period, JMBS achieves a 1.29% return, which is significantly higher than MTBA's 1.04% return.
JMBS
1.29%
1.20%
-0.67%
5.06%
0.11%
N/A
MTBA
1.04%
1.02%
0.12%
4.47%
N/A
N/A
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JMBS vs. MTBA - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is higher than MTBA's 0.15% expense ratio.
Risk-Adjusted Performance
JMBS vs. MTBA — Risk-Adjusted Performance Rank
JMBS
MTBA
JMBS vs. MTBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Simplify MBS ETF (MTBA). 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.
Dividends
JMBS vs. MTBA - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.49%, less than MTBA's 6.00% 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% |
MTBA Simplify MBS ETF | 6.00% | 6.03% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JMBS vs. MTBA - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than MTBA's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for JMBS and MTBA. For additional features, visit the drawdowns tool.
Volatility
JMBS vs. MTBA - Volatility Comparison
Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a higher volatility of 1.48% compared to Simplify MBS ETF (MTBA) at 1.04%. This indicates that JMBS's price experiences larger fluctuations and is considered to be riskier than MTBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.