JMTG vs. MTGP

Last updated Jul 28, 2026

JMTG (JPMorgan Mortgage-Backed Securities ETF) and MTGP (WisdomTree Mortgage Plus Bond Fund) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, JMTG returned 4.88% vs 4.36% for MTGP. Their correlation of 0.82 means they have usually moved in the same direction. JMTG charges 0.24%/yr vs 0.45%/yr for MTGP.

Performance

JMTG vs. MTGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mortgage-Backed Securities ETF (JMTG) and WisdomTree Mortgage Plus Bond Fund (MTGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMTG achieves a 0.28% return, which is significantly higher than MTGP's 0.22% return.

JMTG

• 1D: 0.22%
• 1M: -0.92%
• 6M: -0.08%
• YTD: 0.28%
• 1Y: 4.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.93%

MTGP

• 1D: 0.24%
• 1M: -1.11%
• 6M: -0.20%
• YTD: 0.22%
• 1Y: 4.36%
• 3Y*: 4.43%
• 5Y*: 0.17%
• 10Y*: —
• ALL TIME*: 0.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JMTG JPMorgan Mortgage-Backed Securities ETF	$24.75M	$27.99M	$36.83M
MTGP WisdomTree Mortgage Plus Bond Fund	$907.09K	$638.13K	$416.35K

JMTG vs. MTGP - Yearly Performance Comparison

	2026 (YTD)	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	0.28%	3.94%
MTGP WisdomTree Mortgage Plus Bond Fund	0.22%	3.94%

Correlation

The correlation between JMTG and MTGP is 0.84, 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.	0.84
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.82

The correlation between JMTG and MTGP has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

JMTG vs. MTGP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMTG

JMTG Risk / Return Rank: 52
JMTG Sharpe Ratio Rank: 57
JMTG Sortino Ratio Rank: 59
JMTG Omega Ratio Rank: 55
JMTG Calmar Ratio Rank: 50
JMTG Martin Ratio Rank: 42

MTGP

MTGP Risk / Return Rank: 43
MTGP Sharpe Ratio Rank: 42
MTGP Sortino Ratio Rank: 41
MTGP Omega Ratio Rank: 40
MTGP Calmar Ratio Rank: 49
MTGP Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMTG vs. MTGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) and WisdomTree Mortgage Plus Bond Fund (MTGP). 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	MTGP	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.05	+0.29
Sortino ratio: Return per unit of downside risk	1.99	1.54	+0.45
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.05
Calmar ratio: Return relative to maximum drawdown	1.76	1.73	+0.03
Martin ratio: Return relative to average drawdown	4.56	4.53	+0.03

JMTG vs. MTGP - Sharpe Ratio Comparison

The current JMTG Sharpe Ratio is 1.34, which is comparable to the MTGP Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of JMTG and MTGP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMTG vs. MTGP - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum MTGP drawdown of -16.63%. Use the drawdown chart below to compare losses from any high point for JMTG and MTGP.

Drawdown Indicators

	JMTG	MTGP	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-16.63%	+13.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.53%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.63%	—
Current Drawdown Current decline from peak	-1.96%	-1.52%	-0.44%
Average Drawdown Average peak-to-trough decline	-0.79%	-5.02%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	0.96%	+0.11%

Volatility

JMTG vs. MTGP - Volatility Comparison

JPMorgan Mortgage-Backed Securities ETF (JMTG) and WisdomTree Mortgage Plus Bond Fund (MTGP) have volatilities of 0.85% and 0.83%, 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.

Volatility by Period

	JMTG	MTGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	0.83%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	2.98%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	4.19%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	5.81%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	5.22%	-1.56%

JMTG vs. MTGP - Expense Ratio Comparison

JMTG has a 0.24% expense ratio, which is lower than MTGP's 0.45% expense ratio.

Dividends

JMTG vs. MTGP - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 4.33%, less than MTGP's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JMTG JPMorgan Mortgage-Backed Securities ETF	4.33%	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%
MTGP WisdomTree Mortgage Plus Bond Fund	4.38%	4.19%	4.05%	3.02%	2.47%	1.64%	2.61%

Frequently Asked Questions

Can I hold both JMTG and MTGP in my portfolio?

JMTG and MTGP have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMTG or MTGP?

JMTG has higher volatility (0.85%) compared to MTGP (0.83%). In terms of maximum drawdown, JMTG dropped -2.78% vs MTGP's -16.63%.

Which ETF is better, JMTG or MTGP?

On 1-year performance, JMTG leads with 4.88% vs 4.36% for MTGP. On fees, JMTG is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMTG or MTGP?

Over the 1-year period, JMTG has performed better with a 4.88% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMTG or MTGP?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.45% for MTGP.

Which ETF pays a higher dividend yield, JMTG or MTGP?

MTGP has the higher dividend yield at 4.38%, compared with 4.33% for JMTG.

What is the main difference between JMTG and MTGP?

They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.24% for JMTG and 0.45% for MTGP.

Which has better risk-adjusted returns?

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.