Correlation
The correlation between OMBIX and SGOV is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OMBIX vs. SGOV
Compare and contrast key facts about JPMorgan Mortgage Backed Securities Fund (OMBIX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
OMBIX is managed by JPMorgan Chase. It was launched on Aug 18, 2000. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OMBIX or SGOV.
Performance
OMBIX vs. SGOV - Performance Comparison
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Key characteristics
OMBIX:
1.22
SGOV:
21.63
OMBIX:
1.77
SGOV:
474.39
OMBIX:
1.21
SGOV:
475.39
OMBIX:
0.86
SGOV:
485.71
OMBIX:
3.10
SGOV:
7,710.35
OMBIX:
2.07%
SGOV:
0.00%
OMBIX:
5.29%
SGOV:
0.22%
OMBIX:
-14.41%
SGOV:
-0.03%
OMBIX:
-1.75%
SGOV:
0.00%
Returns By Period
In the year-to-date period, OMBIX achieves a 2.36% return, which is significantly higher than SGOV's 1.75% return.
OMBIX
2.36%
-0.88%
0.92%
5.95%
2.17%
0.46%
1.95%
SGOV
1.75%
0.34%
2.15%
4.78%
4.55%
2.74%
N/A
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OMBIX vs. SGOV - Expense Ratio Comparison
OMBIX has a 0.40% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
OMBIX vs. SGOV — Risk-Adjusted Performance Rank
OMBIX
SGOV
OMBIX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage Backed Securities Fund (OMBIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
OMBIX vs. SGOV - Dividend Comparison
OMBIX's dividend yield for the trailing twelve months is around 3.71%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMBIX JPMorgan Mortgage Backed Securities Fund | 3.71% | 3.90% | 3.40% | 2.34% | 1.57% | 3.45% | 3.45% | 3.22% | 3.18% | 2.86% | 3.07% | 3.39% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OMBIX vs. SGOV - Drawdown Comparison
The maximum OMBIX drawdown since its inception was -14.41%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for OMBIX and SGOV.
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Volatility
OMBIX vs. SGOV - Volatility Comparison
JPMorgan Mortgage Backed Securities Fund (OMBIX) has a higher volatility of 1.62% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that OMBIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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