MBSX vs. JMTG

Last updated Aug 4, 2026

MBSX (Regan Fixed Rate MBS ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, MBSX returned 9.16% vs 3.75% for JMTG. Their 0.05 correlation means their historical movements had little consistent relationship. MBSX charges 0.40%/yr vs 0.24%/yr for JMTG.

Performance

MBSX vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regan Fixed Rate MBS ETF (MBSX) and JPMorgan Mortgage-Backed Securities ETF (JMTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBSX achieves a 5.39% return, which is significantly higher than JMTG's 0.27% return.

MBSX

• 1D: 0.84%
• 1M: 0.82%
• 6M: -4.10%
• YTD: 5.39%
• 1Y: 9.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.23%

JMTG

• 1D: 0.25%
• 1M: -0.74%
• 6M: 0.18%
• YTD: 0.27%
• 1Y: 3.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.85%

*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	$32.18M	$28.84M	$37.74M
MBSX Regan Fixed Rate MBS ETF	$146.22K	$105.02K	$106.65K

MBSX vs. JMTG - Yearly Performance Comparison

	2026 (YTD)	2025
MBSX Regan Fixed Rate MBS ETF	5.39%	5.73%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.27%	3.94%

Correlation

The correlation between MBSX and JMTG is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.05

Return for Risk

MBSX vs. JMTG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MBSX

MBSX Risk / Return Rank: 17
MBSX Sharpe Ratio Rank: 14
MBSX Sortino Ratio Rank: 18
MBSX Omega Ratio Rank: 23
MBSX Calmar Ratio Rank: 16
MBSX Martin Ratio Rank: 16

JMTG

JMTG Risk / Return Rank: 37
JMTG Sharpe Ratio Rank: 39
JMTG Sortino Ratio Rank: 38
JMTG Omega Ratio Rank: 36
JMTG Calmar Ratio Rank: 37
JMTG Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MBSX vs. JMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regan Fixed Rate MBS ETF (MBSX) and JPMorgan Mortgage-Backed Securities ETF (JMTG). 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.

	MBSX	JMTG	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.06	-0.89
Sortino ratio: Return per unit of downside risk	0.63	1.52	-0.89
Omega ratio: Gain probability vs. loss probability	1.11	1.18	-0.07
Calmar ratio: Return relative to maximum drawdown	0.33	1.36	-1.02
Martin ratio: Return relative to average drawdown	0.83	3.40	-2.57

MBSX vs. JMTG - Sharpe Ratio Comparison

The current MBSX Sharpe Ratio is 0.17, which is lower than the JMTG Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of MBSX and JMTG, 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

MBSX vs. JMTG - Drawdown Comparison

The maximum MBSX drawdown since its inception was -27.57%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for MBSX and JMTG.

Drawdown Indicators

	MBSX	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-27.57%	-2.78%	-24.79%
Max Drawdown (1Y) Largest decline over 1 year	-27.57%	-2.78%	-24.79%
Current Drawdown Current decline from peak	-21.18%	-1.97%	-19.21%
Average Drawdown Average peak-to-trough decline	-8.17%	-0.81%	-7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.08%	1.11%	+9.97%

Volatility

MBSX vs. JMTG - Volatility Comparison

Regan Fixed Rate MBS ETF (MBSX) has a higher volatility of 10.90% compared to JPMorgan Mortgage-Backed Securities ETF (JMTG) at 1.01%. This indicates that MBSX's price experiences larger fluctuations and is considered to be riskier than JMTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBSX	JMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	1.01%	+9.89%
Volatility (6M) Calculated over the trailing 6-month period	52.85%	2.91%	+49.94%
Volatility (1Y) Calculated over the trailing 1-year period	55.38%	3.58%	+51.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.23%	3.68%	+49.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.23%	3.68%	+49.55%

MBSX vs. JMTG - Expense Ratio Comparison

MBSX has a 0.40% expense ratio, which is higher than JMTG's 0.24% expense ratio.

Dividends

MBSX vs. JMTG - Dividend Comparison

MBSX's dividend yield for the trailing twelve months is around 3.56%, less than JMTG's 4.35% yield.

Position	TTM	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	4.35%	2.10%
MBSX Regan Fixed Rate MBS ETF	3.56%	2.77%

Frequently Asked Questions

Can I hold both MBSX and JMTG in my portfolio?

MBSX and JMTG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBSX or JMTG?

MBSX has higher volatility (10.90%) compared to JMTG (1.01%). In terms of maximum drawdown, MBSX dropped -27.57% vs JMTG's -2.78%.

Which ETF is better, MBSX or JMTG?

On 1-year performance, MBSX leads with 9.16% vs 3.75% for JMTG. On fees, JMTG is cheaper at 0.24% per year. On volatility, JMTG has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MBSX or JMTG?

Over the 1-year period, MBSX has performed better with a 9.16% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MBSX or JMTG?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.40% for MBSX.

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

JMTG has the higher dividend yield at 4.35%, compared with 3.56% for MBSX.

What is the main difference between MBSX and JMTG?

They also come from different issuers: Regan and JPMorgan. Their fees differ too: 0.40% for MBSX and 0.24% for JMTG.

Which has better risk-adjusted returns?

JMTG currently has the higher Sharpe Ratio (1.05 vs 0.17), 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.