JMBS vs. WTRE
JMBS (Janus Henderson Mortgage-Backed Securities ETF) and WTRE (WisdomTree New Economy Real Estate ETF) are both exchange-traded funds - JMBS is a Mortgage Backed Securities fund actively managed by Janus Henderson, while WTRE is a REIT fund tracking the CenterSquare New Economy Real Estate Index. JMBS is actively managed, while WTRE is passively managed. Over the past 5 years, JMBS returned 0.78%/yr vs 2.07%/yr for WTRE. At a 0.23 correlation, their price movements are largely independent. JMBS charges 0.32%/yr vs 0.58%/yr for WTRE.
Performance
JMBS vs. WTRE - Performance Comparison
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Returns By Period
In the year-to-date period, JMBS achieves a 0.68% return, which is significantly lower than WTRE's 24.95% return.
JMBS
- 1D
- 0.18%
- 1M
- 0.18%
- YTD
- 0.68%
- 6M
- 1.07%
- 1Y
- 6.62%
- 3Y*
- 4.74%
- 5Y*
- 0.78%
- 10Y*
- —
WTRE
- 1D
- 1.30%
- 1M
- 7.09%
- YTD
- 24.95%
- 6M
- 23.42%
- 1Y
- 45.37%
- 3Y*
- 19.57%
- 5Y*
- 2.07%
- 10Y*
- 3.95%
JMBS vs. WTRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.68% | 8.82% | 1.53% | 5.66% | -11.40% | -0.32% | 5.80% | 7.11% | 1.53% |
WTRE WisdomTree New Economy Real Estate ETF | 24.95% | 26.36% | -3.27% | 14.07% | -31.68% | 1.00% | -15.74% | 22.28% | -6.28% |
Correlation
The correlation between JMBS and WTRE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2018 | 0.23 |
The correlation between JMBS and WTRE shifts across timeframes, from 0.23 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JMBS vs. WTRE — Risk / Return Rank
JMBS
WTRE
JMBS vs. WTRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mortgage-Backed Securities ETF (JMBS) and WisdomTree New Economy Real Estate ETF (WTRE). 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 | WTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.21 | -1.03 |
| Martin ratioReturn relative to average drawdown | 7.18 | 8.89 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMBS | WTRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.24 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.11 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.07 | +0.35 |
Drawdowns
JMBS vs. WTRE - Drawdown Comparison
The maximum JMBS drawdown since its inception was -16.68%, smaller than the maximum WTRE drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for JMBS and WTRE.
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Drawdown Indicators
| JMBS | WTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -74.18% | +57.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -14.22% | +11.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.76% | -22.14% | +14.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -43.87% | +27.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.47% | — |
Current DrawdownCurrent decline from peak | -1.48% | -1.41% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -24.98% | +21.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 5.12% | -4.19% |
Volatility
JMBS vs. WTRE - Volatility Comparison
The current volatility for Janus Henderson Mortgage-Backed Securities ETF (JMBS) is 1.63%, while WisdomTree New Economy Real Estate ETF (WTRE) has a volatility of 6.61%. This indicates that JMBS experiences smaller price fluctuations and is considered to be less risky than WTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBS | WTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 6.61% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 15.86% | -12.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 20.45% | -16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 19.32% | -12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 18.49% | -12.97% |
JMBS vs. WTRE - Expense Ratio Comparison
JMBS has a 0.32% expense ratio, which is lower than WTRE's 0.58% expense ratio.
Dividends
JMBS vs. WTRE - Dividend Comparison
JMBS's dividend yield for the trailing twelve months is around 5.18%, more than WTRE's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
WTRE WisdomTree New Economy Real Estate ETF | 1.95% | 2.33% | 2.69% | 2.05% | 1.68% | 6.47% | 2.96% | 7.88% | 4.49% | 6.34% | 5.96% | 4.58% |
Frequently Asked Questions
JMBS and WTRE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTRE has higher volatility (6.61%) compared to JMBS (1.63%). In terms of maximum drawdown, JMBS dropped -16.68% vs WTRE's -74.18%.
On 5-year performance, WTRE leads with 2.07% vs 0.78% for JMBS. On fees, JMBS is cheaper at 0.32% per year. On volatility, JMBS has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WTRE has performed better with a 2.07% return vs 0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMBS is cheaper with a 0.32% expense ratio, compared with 0.58% for WTRE.
JMBS has the higher dividend yield at 5.18%, compared with 1.95% for WTRE.
JMBS is categorized as Mortgage Backed Securities, while WTRE is REIT. They also come from different issuers: Janus Henderson and WisdomTree. Their fees differ too: 0.32% for JMBS and 0.58% for WTRE.
WTRE currently has the higher Sharpe Ratio (2.24 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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