MTGP vs. JMTG
MTGP (WisdomTree Mortgage Plus Bond Fund) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. MTGP charges 0.45%/yr vs 0.24%/yr for JMTG.
Performance
MTGP vs. JMTG - Performance Comparison
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Returns By Period
In the year-to-date period, MTGP achieves a 0.37% return, which is significantly lower than JMTG's 0.53% return.
MTGP
- 1D
- 0.16%
- 1M
- 0.22%
- YTD
- 0.37%
- 6M
- 0.65%
- 1Y
- 5.62%
- 3Y*
- 4.36%
- 5Y*
- 0.33%
- 10Y*
- —
JMTG
- 1D
- 0.08%
- 1M
- -0.08%
- YTD
- 0.53%
- 6M
- 0.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTGP vs. JMTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MTGP WisdomTree Mortgage Plus Bond Fund | 0.37% | 2.74% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.53% | 3.90% |
Correlation
The correlation between MTGP and JMTG is 0.82, 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 Jul 1, 2025 | 0.82 |
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Return for Risk
MTGP vs. JMTG — Risk / Return Rank
MTGP
JMTG
MTGP vs. JMTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) 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.
| MTGP | JMTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | — | — |
| Martin ratioReturn relative to average drawdown | 5.93 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTGP | JMTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.31 | -1.13 |
Drawdowns
MTGP vs. JMTG - Drawdown Comparison
The maximum MTGP drawdown since its inception was -16.63%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for MTGP and JMTG.
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Drawdown Indicators
| MTGP | JMTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -2.78% | -13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -1.72% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -0.67% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
MTGP vs. JMTG - Volatility Comparison
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Volatility by Period
| MTGP | JMTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 3.67% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 3.67% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 3.67% | +1.58% |
MTGP vs. JMTG - Expense Ratio Comparison
MTGP has a 0.45% expense ratio, which is higher than JMTG's 0.24% expense ratio.
Dividends
MTGP vs. JMTG - Dividend Comparison
MTGP's dividend yield for the trailing twelve months is around 4.32%, more than JMTG's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 3.91% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTGP WisdomTree Mortgage Plus Bond Fund | 4.32% | 4.19% | 4.05% | 3.02% | 2.47% | 1.64% | 2.61% |
Frequently Asked Questions
MTGP and JMTG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMTG is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMTG is cheaper with a 0.24% expense ratio, compared with 0.45% for MTGP.
MTGP has the higher dividend yield at 4.32%, compared with 3.91% for JMTG.
They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.45% for MTGP and 0.24% for JMTG.
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