JMBS vs. SECU

Last updated Jun 4, 2026

JMBS (Janus Henderson Mortgage-Backed Securities ETF) and SECU (iShares Securitized Income Active ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. JMBS charges 0.32%/yr vs 0.40%/yr for SECU.

Performance

JMBS vs. SECU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Mortgage-Backed Securities ETF (JMBS) and iShares Securitized Income Active ETF (SECU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JMBS

• 1D: -0.29%
• 1M: 0.29%
• YTD: 0.51%
• 6M: 0.73%
• 1Y: 7.18%
• 3Y*: 4.66%
• 5Y*: 0.74%
• 10Y*: —

SECU

• 1D: -0.10%
• 1M: 0.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMBS vs. SECU - Yearly Performance Comparison

	2026 (YTD)
JMBS Janus Henderson Mortgage-Backed Securities ETF	-0.09%
SECU iShares Securitized Income Active ETF	1.33%

Correlation

The correlation between JMBS and SECU is 0.44, 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 Jan 27, 2026	0.44

Return for Risk

JMBS vs. SECU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMBS

JMBS Risk / Return Rank: 48
JMBS Sharpe Ratio Rank: 47
JMBS Sortino Ratio Rank: 51
JMBS Omega Ratio Rank: 48
JMBS Calmar Ratio Rank: 47
JMBS Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMBS vs. SECU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and iShares Securitized Income Active ETF (SECU). 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	SECU	Difference
Sharpe ratio Return per unit of total volatility	1.67	—	—
Sortino ratio Return per unit of downside risk	2.49	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	2.36	—	—
Martin ratio Return 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.

Sharpe Ratios by Period

	JMBS	SECU	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	1.15	-0.73

Drawdowns

JMBS vs. SECU - Drawdown Comparison

The maximum JMBS drawdown since its inception was -16.68%, which is greater than SECU's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for JMBS and SECU.

Drawdown Indicators

	JMBS	SECU	Difference
Max Drawdown Largest peak-to-trough decline	-16.68%	-1.76%	-14.92%
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 Drawdown Current decline from peak	-1.66%	-0.10%	-1.56%
Average Drawdown Average peak-to-trough decline	-3.90%	-0.56%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	—	—

Volatility

Volatility by Period

	JMBS	SECU	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%	3.34%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	3.34%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.52%	3.34%	+2.18%

JMBS vs. SECU - Expense Ratio Comparison

JMBS has a 0.32% expense ratio, which is lower than SECU's 0.40% expense ratio.

Dividends

JMBS vs. SECU - Dividend Comparison

JMBS's dividend yield for the trailing twelve months is around 5.19%, more than SECU's 2.10% 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%
SECU iShares Securitized Income Active ETF	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMBS and SECU in my portfolio?

JMBS and SECU have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMBS or SECU?

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.

Which ETF is cheaper, JMBS or SECU?

JMBS is cheaper with a 0.32% expense ratio, compared with 0.40% for SECU.

Which ETF pays a higher dividend yield, JMBS or SECU?

JMBS has the higher dividend yield at 5.19%, compared with 2.10% for SECU.

What is the main difference between JMBS and SECU?

They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.32% for JMBS and 0.40% for SECU.