JMTG vs. VMBS
Compare and contrast key facts about JPMorgan Mortgage-Backed Securities ETF (JMTG) and Vanguard Mortgage-Backed Securities ETF (VMBS).
JMTG and VMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMTG is an actively managed fund by JPMorgan. It was launched on Aug 18, 2000. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009.
Performance
JMTG vs. VMBS - Performance Comparison
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JMTG vs. VMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.59% | 3.90% |
VMBS Vanguard Mortgage-Backed Securities ETF | 0.50% | 4.10% |
Returns By Period
In the year-to-date period, JMTG achieves a 0.59% return, which is significantly higher than VMBS's 0.50% return.
JMTG
- 1D
- 0.28%
- 1M
- -1.66%
- YTD
- 0.59%
- 6M
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VMBS
- 1D
- 0.09%
- 1M
- -0.94%
- YTD
- 0.50%
- 6M
- 1.82%
- 1Y
- 5.44%
- 3Y*
- 4.32%
- 5Y*
- 0.51%
- 10Y*
- 1.41%
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JMTG vs. VMBS - Expense Ratio Comparison
JMTG has a 0.24% expense ratio, which is higher than VMBS's 0.04% 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%.
Return for Risk
JMTG vs. VMBS — Risk / Return Rank
JMTG
VMBS
JMTG vs. VMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| JMTG | VMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.10 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.65 | 0.46 | +1.19 |
Correlation
The correlation between JMTG and VMBS is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JMTG vs. VMBS - Dividend Comparison
JMTG's dividend yield for the trailing twelve months is around 2.81%, less than VMBS's 4.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 2.81% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.24% | 4.20% | 3.94% | 3.31% | 2.35% | 1.02% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% |
Drawdowns
JMTG vs. VMBS - Drawdown Comparison
The maximum JMTG drawdown since its inception was -2.64%, smaller than the maximum VMBS drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for JMTG and VMBS.
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Drawdown Indicators
| JMTG | VMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -17.47% | +14.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.47% | — |
Current DrawdownCurrent decline from peak | -1.66% | -1.48% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -2.51% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.96% | — |
Volatility
JMTG vs. VMBS - Volatility Comparison
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Volatility by Period
| JMTG | VMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 5.00% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.68% | 6.71% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.68% | 5.37% | -1.69% |