SPMB vs. JMBS
Compare and contrast key facts about SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and Janus Henderson Mortgage-Backed Securities ETF (JMBS).
SPMB and JMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Securitized - MBS. It was launched on Jan 15, 2009. JMBS is an actively managed fund by Janus Henderson. It was launched on Sep 12, 2018.
Performance
SPMB vs. JMBS - Performance Comparison
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SPMB vs. JMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 0.51% | 8.29% | 1.35% | 5.09% | -12.05% | -1.46% | 4.19% | 6.16% | 1.93% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.19% | 8.82% | 1.53% | 5.66% | -11.40% | -0.32% | 5.80% | 7.11% | 1.53% |
Returns By Period
In the year-to-date period, SPMB achieves a 0.51% return, which is significantly higher than JMBS's 0.19% return.
SPMB
- 1D
- 0.31%
- 1M
- -1.58%
- YTD
- 0.51%
- 6M
- 1.98%
- 1Y
- 5.73%
- 3Y*
- 4.11%
- 5Y*
- 0.37%
- 10Y*
- 1.29%
JMBS
- 1D
- 0.25%
- 1M
- -1.96%
- YTD
- 0.19%
- 6M
- 1.96%
- 1Y
- 5.68%
- 3Y*
- 4.22%
- 5Y*
- 0.74%
- 10Y*
- —
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SPMB vs. JMBS - Expense Ratio Comparison
SPMB has a 0.04% expense ratio, which is lower than JMBS's 0.32% expense ratio.
Return for Risk
SPMB vs. JMBS — Risk / Return Rank
SPMB
JMBS
SPMB vs. JMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and Janus Henderson Mortgage-Backed Securities ETF (JMBS). 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.
| SPMB | JMBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.18 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.67 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.91 | +0.09 |
Martin ratioReturn relative to average drawdown | 5.76 | 5.24 | +0.52 |
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
| SPMB | JMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.18 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.12 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.42 | -0.08 |
Correlation
The correlation between SPMB and JMBS is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPMB vs. JMBS - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 4.02%, less than JMBS's 5.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 4.02% | 3.98% | 3.76% | 3.21% | 2.98% | 2.59% | 2.95% | 3.24% | 3.36% | 3.13% | 2.99% | 3.05% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.58% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMB vs. JMBS - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, which is greater than JMBS's maximum drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for SPMB and JMBS.
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Drawdown Indicators
| SPMB | JMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.03% | -16.68% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.01% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -16.68% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -18.03% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -1.96% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -3.95% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.10% | -0.08% |
Volatility
SPMB vs. JMBS - Volatility Comparison
The current volatility for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is 1.83%, while Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a volatility of 1.96%. This indicates that SPMB experiences smaller price fluctuations and is considered to be less risky than JMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMB | JMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.96% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.86% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 4.85% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 6.43% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 5.54% | +2.05% |