JMTG vs. VMBS
JMTG (JPMorgan Mortgage-Backed Securities ETF) and VMBS (Vanguard Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. JMTG is actively managed, while VMBS is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. JMTG charges 0.24%/yr vs 0.04%/yr for VMBS.
Performance
JMTG vs. VMBS - Performance Comparison
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Returns By Period
In the year-to-date period, JMTG achieves a 0.51% return, which is significantly lower than VMBS's 0.92% return.
JMTG
- 1D
- -0.20%
- 1M
- 0.48%
- YTD
- 0.51%
- 6M
- 0.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VMBS
- 1D
- 0.09%
- 1M
- 0.63%
- YTD
- 0.92%
- 6M
- 1.02%
- 1Y
- 6.00%
- 3Y*
- 4.52%
- 5Y*
- 0.57%
- 10Y*
- 1.35%
JMTG vs. VMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.51% | 3.94% |
VMBS Vanguard Mortgage-Backed Securities ETF | 0.92% | 4.44% |
Correlation
The correlation between JMTG and VMBS is 0.92, 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 | 0.92 |
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Return for Risk
JMTG vs. VMBS — Risk / Return Rank
JMTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | VMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.24 | — |
| Martin ratioReturn relative to average drawdown | — | 7.12 | — |
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Drawdowns
JMTG vs. VMBS - Drawdown Comparison
The maximum JMTG drawdown since its inception was -2.78%, 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 | -2.78% | -17.47% | +14.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.65% | — |
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 | -1.74% | -1.07% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -2.49% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.84% | — |
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 | — | 1.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 4.30% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 6.78% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 5.41% | -1.71% |
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%.
Dividends
JMTG vs. VMBS - Dividend Comparison
JMTG's dividend yield for the trailing twelve months is around 3.91%, less than VMBS's 4.17% 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% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.17% | 4.20% | 3.94% | 3.31% | 2.35% | 1.02% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% |
Frequently Asked Questions
With a correlation of 0.92, JMTG and VMBS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VMBS is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VMBS is cheaper with a 0.04% expense ratio, compared with 0.24% for JMTG.
VMBS has the higher dividend yield at 4.17%, compared with 3.91% for JMTG.
They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.24% for JMTG and 0.04% for VMBS.
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