JMTG vs. LMBS
JMTG (JPMorgan Mortgage-Backed Securities ETF) and LMBS (First Trust Low Duration Mortgage Opportunities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. JMTG charges 0.24%/yr vs 0.68%/yr for LMBS.
Performance
JMTG vs. LMBS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMTG achieves a 0.51% return, which is significantly lower than LMBS's 1.44% return.
JMTG
- 1D
- -0.20%
- 1M
- 0.48%
- YTD
- 0.51%
- 6M
- 0.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LMBS
- 1D
- 0.03%
- 1M
- 0.40%
- YTD
- 1.44%
- 6M
- 1.43%
- 1Y
- 5.52%
- 3Y*
- 5.80%
- 5Y*
- 3.11%
- 10Y*
- 2.67%
JMTG vs. LMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.51% | 3.94% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.44% | 3.77% |
Correlation
The correlation between JMTG and LMBS is 0.81, 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 | 0.81 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMTG vs. LMBS — Risk / Return Rank
JMTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LMBS
JMTG vs. LMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). 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 | LMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.57 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.88 | — |
| Martin ratioReturn relative to average drawdown | — | 16.33 | — |
Loading charts...
Drawdowns
JMTG vs. LMBS - Drawdown Comparison
The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum LMBS drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for JMTG and LMBS.
Loading charts...
Drawdown Indicators
| JMTG | LMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -6.49% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.49% | — |
Current DrawdownCurrent decline from peak | -1.74% | -0.17% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -0.80% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.34% | — |
Volatility
JMTG vs. LMBS - Volatility Comparison
Loading charts...
Volatility by Period
| JMTG | LMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 1.94% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 2.57% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 2.35% | +1.35% |
JMTG vs. LMBS - Expense Ratio Comparison
JMTG has a 0.24% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Dividends
JMTG vs. LMBS - Dividend Comparison
JMTG's dividend yield for the trailing twelve months is around 3.91%, less than LMBS's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 3.91% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.09% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Frequently Asked Questions
JMTG and LMBS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.68% for LMBS.
LMBS has the higher dividend yield at 4.09%, compared with 3.91% for JMTG.
They also come from different issuers: JPMorgan and First Trust. Their fees differ too: 0.24% for JMTG and 0.68% for LMBS.
Find the right allocation for JMTG and LMBS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer