Correlation
The correlation between JMBS and PONAX is 0.10, 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. PONAX
Compare and contrast key facts about Janus Henderson Mortgage-Backed Securities ETF (JMBS) and PIMCO Income Fund Class A (PONAX).
JMBS is an actively managed fund by Janus Henderson. It was launched on Sep 12, 2018. PONAX is managed by PIMCO. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMBS or PONAX.
Performance
JMBS vs. PONAX - Performance Comparison
Loading data...
Key characteristics
JMBS:
1.03
PONAX:
1.85
JMBS:
1.55
PONAX:
2.72
JMBS:
1.19
PONAX:
1.36
JMBS:
0.66
PONAX:
2.69
JMBS:
2.66
PONAX:
7.67
JMBS:
2.40%
PONAX:
0.98%
JMBS:
6.01%
PONAX:
4.10%
JMBS:
-16.68%
PONAX:
-13.42%
JMBS:
-3.64%
PONAX:
-0.55%
Returns By Period
In the year-to-date period, JMBS achieves a 2.27% return, which is significantly lower than PONAX's 2.92% return.
JMBS
2.27%
-1.07%
0.59%
6.15%
1.54%
-0.29%
N/A
PONAX
2.92%
-0.47%
2.07%
7.52%
4.89%
3.85%
3.85%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JMBS vs. PONAX - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is lower than PONAX's 1.02% expense ratio.
Risk-Adjusted Performance
JMBS vs. PONAX — Risk-Adjusted Performance Rank
JMBS
PONAX
JMBS vs. PONAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and PIMCO Income Fund Class A (PONAX). 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.
Loading data...
Dividends
JMBS vs. PONAX - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.49%, less than PONAX's 5.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.49% | 5.53% | 4.38% | 2.72% | 1.17% | 2.92% | 3.64% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% |
PONAX PIMCO Income Fund Class A | 5.79% | 5.86% | 5.87% | 5.96% | 3.62% | 4.49% | 5.47% | 5.24% | 4.95% | 5.17% | 7.43% | 6.12% |
Drawdowns
JMBS vs. PONAX - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, which is greater than PONAX's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for JMBS and PONAX.
Loading data...
Volatility
JMBS vs. PONAX - Volatility Comparison
Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a higher volatility of 1.81% compared to PIMCO Income Fund Class A (PONAX) at 1.32%. This indicates that JMBS's price experiences larger fluctuations and is considered to be riskier than PONAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...