JMBS vs. NSCI
JMBS (Janus Henderson Mortgage-Backed Securities ETF) and NSCI (Nuveen Securitized Income ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. JMBS charges 0.32%/yr vs 0.38%/yr for NSCI.
Performance
JMBS vs. NSCI - Performance Comparison
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Returns By Period
In the year-to-date period, JMBS achieves a 0.77% return, which is significantly lower than NSCI's 1.96% return.
JMBS
- 1D
- 0.16%
- 1M
- 0.58%
- YTD
- 0.77%
- 6M
- 0.88%
- 1Y
- 6.23%
- 3Y*
- 4.68%
- 5Y*
- 0.82%
- 10Y*
- —
NSCI
- 1D
- 0.04%
- 1M
- 0.45%
- YTD
- 1.96%
- 6M
- 2.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBS vs. NSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.77% | 1.61% |
NSCI Nuveen Securitized Income ETF | 1.96% | 1.66% |
Correlation
The correlation between JMBS and NSCI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.49 |
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Return for Risk
JMBS vs. NSCI — Risk / Return Rank
JMBS
NSCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JMBS vs. NSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Nuveen Securitized Income ETF (NSCI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JMBS | NSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | — | — |
| Martin ratioReturn relative to average drawdown | 6.37 | — | — |
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Drawdowns
JMBS vs. NSCI - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than NSCI's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for JMBS and NSCI.
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Drawdown Indicators
| JMBS | NSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -1.10% | -15.58% |
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 | -1.39% | -0.12% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -0.18% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | — | — |
Volatility
JMBS vs. NSCI - Volatility Comparison
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Volatility by Period
| JMBS | NSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 1.30% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 1.30% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 1.30% | +4.22% |
JMBS vs. NSCI - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is lower than NSCI's 0.38% expense ratio.
Dividends
JMBS vs. NSCI - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.18%, more than NSCI's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.18% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% |
NSCI Nuveen Securitized Income ETF | 3.04% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBS and NSCI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBS is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBS is cheaper with a 0.32% expense ratio, compared with 0.38% for NSCI.
JMBS has the higher dividend yield at 5.18%, compared with 3.04% for NSCI.
They also come from different issuers: Janus Henderson and Nuveen. Their fees differ too: 0.32% for JMBS and 0.38% for NSCI.
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