VETZ vs. JMTG

Last updated Aug 2, 2026

VETZ (Academy Veteran Bond ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, VETZ returned 3.17% vs 3.50% for JMTG. Their 0.77 correlation means they have sometimes moved together and sometimes differently. VETZ charges 0.35%/yr vs 0.24%/yr for JMTG.

Performance

VETZ vs. JMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Veteran Bond ETF (VETZ) 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, VETZ achieves a -0.34% return, which is significantly lower than JMTG's 0.02% return.

VETZ

• 1D: -0.74%
• 1M: -1.59%
• 6M: -0.89%
• YTD: -0.34%
• 1Y: 3.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.55%

JMTG

• 1D: -0.38%
• 1M: -0.99%
• 6M: -0.10%
• YTD: 0.02%
• 1Y: 3.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.65%

*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	$30.92M	$28.07M	$37.29M
VETZ Academy Veteran Bond ETF	$1.58M	$821.90K	$556.10K

VETZ vs. JMTG - Yearly Performance Comparison

	2026 (YTD)	2025
VETZ Academy Veteran Bond ETF	-0.34%	4.46%
JMTG JPMorgan Mortgage-Backed Securities ETF	0.02%	3.94%

Correlation

The correlation between VETZ and JMTG is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.77

The correlation between VETZ and JMTG has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.

Return for Risk

VETZ vs. JMTG — Risk / Return Rank

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

VETZ

VETZ Risk / Return Rank: 37
VETZ Sharpe Ratio Rank: 35
VETZ Sortino Ratio Rank: 34
VETZ Omega Ratio Rank: 32
VETZ Calmar Ratio Rank: 42
VETZ Martin Ratio Rank: 40

JMTG

JMTG Risk / Return Rank: 46
JMTG Sharpe Ratio Rank: 49
JMTG Sortino Ratio Rank: 50
JMTG Omega Ratio Rank: 47
JMTG Calmar Ratio Rank: 45
JMTG Martin Ratio Rank: 39

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.

VETZ vs. JMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Veteran Bond ETF (VETZ) 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.

	VETZ	JMTG	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.22	-0.34
Sortino ratio: Return per unit of downside risk	1.29	1.79	-0.50
Omega ratio: Gain probability vs. loss probability	1.15	1.22	-0.06
Calmar ratio: Return relative to maximum drawdown	1.50	1.61	-0.11
Martin ratio: Return relative to average drawdown	4.39	4.07	+0.32

VETZ vs. JMTG - Sharpe Ratio Comparison

The current VETZ Sharpe Ratio is 0.88, which is comparable to the JMTG Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of VETZ 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

VETZ vs. JMTG - Drawdown Comparison

The maximum VETZ drawdown since its inception was -5.16%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for VETZ and JMTG.

Drawdown Indicators

	VETZ	JMTG	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-2.78%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	-2.78%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-5.16%	—	—
Current Drawdown Current decline from peak	-2.33%	-2.22%	-0.11%
Average Drawdown Average peak-to-trough decline	-1.30%	-0.80%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.10%	-0.17%

Volatility

VETZ vs. JMTG - Volatility Comparison

Academy Veteran Bond ETF (VETZ) has a higher volatility of 1.36% compared to JPMorgan Mortgage-Backed Securities ETF (JMTG) at 0.97%. This indicates that VETZ'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

	VETZ	JMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	0.97%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	3.36%	2.92%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	3.68%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	3.68%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.08%	3.68%	+2.40%

VETZ vs. JMTG - Expense Ratio Comparison

VETZ has a 0.35% expense ratio, which is higher than JMTG's 0.24% expense ratio.

Dividends

VETZ vs. JMTG - Dividend Comparison

VETZ's dividend yield for the trailing twelve months is around 6.14%, more than JMTG's 4.34% yield.

Position	TTM	2025	2024	2023
JMTG JPMorgan Mortgage-Backed Securities ETF	3.97%	2.10%	0.00%	0.00%
VETZ Academy Veteran Bond ETF	5.63%	6.14%	5.89%	1.88%

Frequently Asked Questions

Can I hold both VETZ and JMTG in my portfolio?

VETZ and JMTG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VETZ or JMTG?

VETZ has higher volatility (1.36%) compared to JMTG (0.97%). In terms of maximum drawdown, VETZ dropped -5.16% vs JMTG's -2.78%.

Which ETF is better, VETZ or JMTG?

On 1-year performance, JMTG leads with 3.50% vs 3.17% for VETZ. On fees, JMTG is cheaper at 0.24% per year. On volatility, JMTG has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VETZ or JMTG?

Over the 1-year period, JMTG has performed better with a 3.50% return vs 3.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VETZ or JMTG?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.35% for VETZ.

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

VETZ has the higher dividend yield at 5.63%, compared with 3.97% for JMTG.

What is the main difference between VETZ and JMTG?

They also come from different issuers: Academy and JPMorgan. Their fees differ too: 0.35% for VETZ and 0.24% for JMTG.

Which has better risk-adjusted returns?

JMTG currently has the higher Sharpe Ratio (1.22 vs 0.88), 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.