Correlation
The correlation between JMBS and VMBS 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. VMBS
Compare and contrast key facts about Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Vanguard Mortgage-Backed Securities ETF (VMBS).
JMBS and VMBS 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. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMBS or VMBS.
Performance
JMBS vs. VMBS - Performance Comparison
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Key characteristics
JMBS:
1.03
VMBS:
1.09
JMBS:
1.55
VMBS:
1.63
JMBS:
1.19
VMBS:
1.20
JMBS:
0.66
VMBS:
0.60
JMBS:
2.66
VMBS:
3.26
JMBS:
2.40%
VMBS:
2.02%
JMBS:
6.01%
VMBS:
5.91%
JMBS:
-16.68%
VMBS:
-17.52%
JMBS:
-3.64%
VMBS:
-4.82%
Returns By Period
The year-to-date returns for both investments are quite close, with JMBS having a 2.27% return and VMBS slightly higher at 2.38%.
JMBS
2.27%
-0.80%
0.59%
5.86%
1.54%
-0.29%
N/A
VMBS
2.38%
-0.61%
0.79%
5.97%
1.48%
-0.91%
1.02%
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JMBS vs. VMBS - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is higher than VMBS's 0.04% expense ratio.
Risk-Adjusted Performance
JMBS vs. VMBS — Risk-Adjusted Performance Rank
JMBS
VMBS
JMBS vs. VMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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.
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Dividends
JMBS vs. VMBS - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.49%, more than VMBS's 4.12% 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% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.12% | 3.94% | 3.31% | 2.35% | 1.02% | 1.81% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% | 1.90% |
Drawdowns
JMBS vs. VMBS - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, roughly equal to the maximum VMBS drawdown of -17.52%. Use the drawdown chart below to compare losses from any high point for JMBS and VMBS.
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Volatility
JMBS vs. VMBS - Volatility Comparison
Janus Henderson Mortgage-Backed Securities ETF (JMBS) and Vanguard Mortgage-Backed Securities ETF (VMBS) have volatilities of 1.81% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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