JMTG vs. JMBS
JMTG (JPMorgan Mortgage-Backed Securities ETF) and JMBS (Janus Henderson Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. JMTG charges 0.24%/yr vs 0.32%/yr for JMBS.
Performance
JMTG vs. JMBS - Performance Comparison
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Returns By Period
In the year-to-date period, JMTG achieves a 0.51% return, which is significantly lower than JMBS's 0.77% return.
JMTG
- 1D
- -0.20%
- 1M
- 0.48%
- YTD
- 0.51%
- 6M
- 0.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMBS
- 1D
- 0.16%
- 1M
- 0.58%
- YTD
- 0.77%
- 6M
- 0.88%
- 1Y
- 6.23%
- 3Y*
- 4.68%
- 5Y*
- 0.82%
- 10Y*
- —
JMTG vs. JMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.51% | 3.94% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.77% | 4.69% |
Correlation
The correlation between JMTG and JMBS is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.91 |
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Return for Risk
JMTG vs. JMBS — Risk / Return Rank
JMTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JMBS
JMTG vs. JMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) and Janus Henderson Mortgage-Backed Securities ETF (JMBS). 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.
| JMTG | JMBS | 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
JMTG vs. JMBS - Drawdown Comparison
The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum JMBS drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for JMTG and JMBS.
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Drawdown Indicators
| JMTG | JMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -16.68% | +13.90% |
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 | -1.74% | -1.39% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -3.88% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.98% | — |
Volatility
JMTG vs. JMBS - Volatility Comparison
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Volatility by Period
| JMTG | JMBS | 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 | 3.70% | 4.26% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 6.51% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 5.52% | -1.82% |
JMTG vs. JMBS - Expense Ratio Comparison
JMTG has a 0.24% expense ratio, which is lower than JMBS's 0.32% expense ratio.
Dividends
JMTG vs. JMBS - Dividend Comparison
JMTG's dividend yield for the trailing twelve months is around 3.91%, less than JMBS's 5.18% 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% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 3.91% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, JMTG and JMBS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JMTG is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMTG is cheaper with a 0.24% expense ratio, compared with 0.32% for JMBS.
JMBS has the higher dividend yield at 5.18%, compared with 3.91% for JMTG.
They also come from different issuers: JPMorgan and Janus Henderson. Their fees differ too: 0.24% for JMTG and 0.32% for JMBS.
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