JMTG vs. VETZ

Last updated Jul 28, 2026

JMTG (JPMorgan Mortgage-Backed Securities ETF) and VETZ (Academy Veteran Bond ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, JMTG returned 4.88% vs 4.67% for VETZ. Their 0.76 correlation means they have sometimes moved together and sometimes differently. JMTG charges 0.24%/yr vs 0.35%/yr for VETZ.

Performance

JMTG vs. VETZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mortgage-Backed Securities ETF (JMTG) and Academy Veteran Bond ETF (VETZ). 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 VETZ'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%

VETZ

• 1D: 0.21%
• 1M: -1.63%
• 6M: -0.68%
• YTD: 0.06%
• 1Y: 4.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.71%

*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
VETZ Academy Veteran Bond ETF	$1.68M	$860.57K	$565.51K

JMTG vs. VETZ - Yearly Performance Comparison

	2026 (YTD)	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	0.28%	3.94%
VETZ Academy Veteran Bond ETF	0.06%	4.46%

Correlation

The correlation between JMTG and VETZ is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.76

The correlation between JMTG and VETZ has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

JMTG vs. VETZ — 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

VETZ

VETZ Risk / Return Rank: 43
VETZ Sharpe Ratio Rank: 41
VETZ Sortino Ratio Rank: 40
VETZ Omega Ratio Rank: 37
VETZ Calmar Ratio Rank: 48
VETZ Martin Ratio Rank: 46

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. VETZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) and Academy Veteran Bond ETF (VETZ). 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	VETZ	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.02	+0.32
Sortino ratio: Return per unit of downside risk	1.99	1.51	+0.48
Omega ratio: Gain probability vs. loss probability	1.24	1.18	+0.06
Calmar ratio: Return relative to maximum drawdown	1.76	1.72	+0.05
Martin ratio: Return relative to average drawdown	4.56	5.18	-0.62

JMTG vs. VETZ - Sharpe Ratio Comparison

The current JMTG Sharpe Ratio is 1.34, which is higher than the VETZ Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of JMTG and VETZ, 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. VETZ - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum VETZ drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for JMTG and VETZ.

Drawdown Indicators

	JMTG	VETZ	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-5.16%	+2.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.73%	-0.05%
Current Drawdown Current decline from peak	-1.96%	-1.93%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.79%	-1.30%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	0.90%	+0.17%

Volatility

JMTG vs. VETZ - Volatility Comparison

The current volatility for JPMorgan Mortgage-Backed Securities ETF (JMTG) is 0.85%, while Academy Veteran Bond ETF (VETZ) has a volatility of 1.13%. This indicates that JMTG experiences smaller price fluctuations and is considered to be less risky than VETZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMTG	VETZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	1.13%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	3.24%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	4.62%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	6.07%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	6.07%	-2.41%

JMTG vs. VETZ - Expense Ratio Comparison

JMTG has a 0.24% expense ratio, which is lower than VETZ's 0.35% expense ratio.

Dividends

JMTG vs. VETZ - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 4.33%, less than VETZ's 6.12% yield.

Position	TTM	2025	2024	2023
JMTG JPMorgan Mortgage-Backed Securities ETF	4.33%	2.10%	0.00%	0.00%
VETZ Academy Veteran Bond ETF	6.12%	6.14%	5.89%	1.88%

Frequently Asked Questions

Can I hold both JMTG and VETZ in my portfolio?

JMTG and VETZ have a correlation of 0.77, 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 VETZ?

VETZ has higher volatility (1.13%) compared to JMTG (0.85%). In terms of maximum drawdown, JMTG dropped -2.78% vs VETZ's -5.16%.

Which ETF is better, JMTG or VETZ?

On 1-year performance, JMTG leads with 4.88% vs 4.67% for VETZ. On fees, JMTG is cheaper at 0.24% per year. On volatility, JMTG has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMTG or VETZ?

Over the 1-year period, JMTG has performed better with a 4.88% return vs 4.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMTG or VETZ?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.35% for VETZ.

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

VETZ has the higher dividend yield at 6.12%, compared with 4.33% for JMTG.

What is the main difference between JMTG and VETZ?

They also come from different issuers: JPMorgan and Academy. Their fees differ too: 0.24% for JMTG and 0.35% for VETZ.

Which has better risk-adjusted returns?

JMTG currently has the higher Sharpe Ratio (1.34 vs 1.02), 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.