JMTG vs. MBSD
JMTG (JPMorgan Mortgage-Backed Securities ETF) and MBSD (FlexShares Disciplined Duration MBS Index Fund) are both Mortgage Backed Securities funds. JMTG is actively managed, while MBSD is passively managed. Over the past year, JMTG returned 4.88% vs 3.61% for MBSD. Their correlation of 0.82 means they have usually moved in the same direction. JMTG charges 0.24%/yr vs 0.20%/yr for MBSD.
Performance
JMTG vs. MBSD - Performance Comparison
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Returns By Period
In the year-to-date period, JMTG achieves a 0.28% return, which is significantly higher than MBSD's 0.06% return.
JMTG
- 1D
- 0.22%
- 1M
- -0.92%
- 6M
- -0.08%
- YTD
- 0.28%
- 1Y
- 4.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.93%
MBSD
- 1D
- 0.17%
- 1M
- -1.00%
- 6M
- -0.25%
- YTD
- 0.06%
- 1Y
- 3.61%
- 3Y*
- 4.17%
- 5Y*
- 0.52%
- 10Y*
- 1.30%
- ALL TIME*
- 1.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.75M | $27.99M | $36.83M | |
| $374.04K | $262.17K | $264.86K |
JMTG vs. MBSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.28% | 3.94% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.06% | 3.48% |
Correlation
The correlation between JMTG and MBSD is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.82 |
The correlation between JMTG and MBSD has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
JMTG vs. MBSD — Risk / Return Rank
JMTG
MBSD
JMTG vs. MBSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) and FlexShares Disciplined Duration MBS Index Fund (MBSD). 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 | MBSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.67 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.56 | 4.53 | +0.03 |
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Drawdowns
JMTG vs. MBSD - Drawdown Comparison
The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum MBSD drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for JMTG and MBSD.
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Drawdown Indicators
| JMTG | MBSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.78% | -14.36% | +11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.17% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.36% | — |
Current DrawdownCurrent decline from peak | -1.96% | -1.55% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -2.79% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.80% | +0.27% |
Volatility
JMTG vs. MBSD - Volatility Comparison
JPMorgan Mortgage-Backed Securities ETF (JMTG) and FlexShares Disciplined Duration MBS Index Fund (MBSD) have volatilities of 0.85% and 0.81%, 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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Volatility by Period
| JMTG | MBSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.81% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.56% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.45% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 5.17% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.66% | 4.26% | -0.60% |
JMTG vs. MBSD - Expense Ratio Comparison
JMTG has a 0.24% expense ratio, which is higher than MBSD's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JMTG vs. MBSD - Dividend Comparison
JMTG's dividend yield for the trailing twelve months is around 4.33%, more than MBSD's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 4.33% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.20% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Frequently Asked Questions
JMTG and MBSD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMTG has higher volatility (0.85%) compared to MBSD (0.81%). In terms of maximum drawdown, JMTG dropped -2.78% vs MBSD's -14.36%.
On 1-year performance, JMTG leads with 4.88% vs 3.61% for MBSD. On fees, MBSD is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JMTG has performed better with a 4.88% return vs 3.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.24% for JMTG.
JMTG has the higher dividend yield at 4.33%, compared with 4.20% for MBSD.
They also come from different issuers: JPMorgan and Northern Trust. Their fees differ too: 0.24% for JMTG and 0.20% for MBSD.
JMTG currently has the higher Sharpe Ratio (1.34 vs 1.05), 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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