MTGP vs. JMTG

Last updated Jul 12, 2026

MTGP (WisdomTree Mortgage Plus Bond Fund) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, MTGP returned 4.98% vs 5.36% for JMTG. Their correlation of 0.81 suggests significant overlap in exposure. MTGP charges 0.45%/yr vs 0.24%/yr for JMTG.

Performance

MTGP vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Mortgage Plus Bond Fund (MTGP) 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, MTGP achieves a 0.62% return, which is significantly lower than JMTG's 0.74% return.

MTGP

• 1D: 0.03%
• 1M: -0.03%
• 6M: -0.13%
• YTD: 0.62%
• 1Y: 4.98%
• 3Y*: 4.83%
• 5Y*: 0.29%
• 10Y*: —

JMTG

• 1D: 0.08%
• 1M: -0.07%
• 6M: 0.44%
• YTD: 0.74%
• 1Y: 5.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MTGP vs. JMTG - Yearly Performance Comparison

	2026 (YTD)	2025
MTGP WisdomTree Mortgage Plus Bond Fund	0.62%	3.94%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.74%	3.94%

Correlation

The correlation between MTGP and JMTG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.81

The correlation between MTGP and JMTG has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

MTGP vs. JMTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTGP

MTGP Risk / Return Rank: 38
MTGP Sharpe Ratio Rank: 36
MTGP Sortino Ratio Rank: 34
MTGP Omega Ratio Rank: 35
MTGP Calmar Ratio Rank: 46
MTGP Martin Ratio Rank: 40

JMTG

JMTG Risk / Return Rank: 49
JMTG Sharpe Ratio Rank: 51
JMTG Sortino Ratio Rank: 54
JMTG Omega Ratio Rank: 50
JMTG Calmar Ratio Rank: 47
JMTG Martin Ratio Rank: 41

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.

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.

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.

	MTGP	JMTG	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.41	-0.36
Sortino ratio: Return per unit of downside risk	1.50	2.09	-0.59
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.85	1.87	-0.02
Martin ratio: Return relative to average drawdown	4.98	5.18	-0.20

MTGP vs. JMTG - Sharpe Ratio Comparison

The current MTGP Sharpe Ratio is 1.05, which is comparable to the JMTG Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of MTGP 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

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.

Drawdown Indicators

	MTGP	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-2.78%	-13.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-2.78%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-6.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.63%	—	—
Current Drawdown Current decline from peak	-1.13%	-1.51%	+0.38%
Average Drawdown Average peak-to-trough decline	-5.05%	-0.74%	-4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.00%	-0.07%

Volatility

MTGP vs. JMTG - Volatility Comparison

The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.05%, while JPMorgan Mortgage-Backed Securities ETF (JMTG) has a volatility of 1.16%. This indicates that MTGP experiences smaller price fluctuations and is considered to be less risky than JMTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTGP	JMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.16%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.15%	2.88%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	4.43%	3.68%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	3.69%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	3.69%	+1.54%

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 4.37%, more than JMTG's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JMTG JPMorgan Mortgage-Backed Securities ETF	4.31%	2.10%	0.00%	0.00%	0.00%	0.00%	0.00%
MTGP WisdomTree Mortgage Plus Bond Fund	4.37%	4.19%	4.05%	3.02%	2.47%	1.64%	2.61%

Frequently Asked Questions

Can I hold both MTGP and JMTG in my portfolio?

MTGP and JMTG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTGP or JMTG?

JMTG has higher volatility (1.16%) compared to MTGP (1.05%). In terms of maximum drawdown, MTGP dropped -16.63% vs JMTG's -2.78%.

Which ETF is better, MTGP or JMTG?

On 1-year performance, JMTG leads with 5.36% vs 4.98% for MTGP. On fees, JMTG is cheaper at 0.24% per year. On volatility, MTGP has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MTGP or JMTG?

Over the 1-year period, JMTG has performed better with a 5.36% return vs 4.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MTGP or JMTG?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.45% for MTGP.

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

MTGP has the higher dividend yield at 4.37%, compared with 4.31% for JMTG.

What is the main difference between MTGP and JMTG?

They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.45% for MTGP and 0.24% for JMTG.

Which has better risk-adjusted returns?

JMTG currently has the higher Sharpe Ratio (1.41 vs 1.05), 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.