JMBS vs VOO
Janus Henderson Mortgage-Backed Securities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. JMBS offers more diversification with 629 holdings.
Side-by-Side Comparison
| Metric | JMBS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.03% | |
| AUM | $6.6B | $997.4B | |
| Dividend Yield | 5.72% | 1.08% | |
| Holdings | 629 | 509 | |
| YTD Return | +0.97% | +13.20% | |
| 1Y Return | +4.67% | +21.62% | |
| 3Y Return (annualized) | +5.76% | +22.16% | |
| 5Y Return (annualized) | +0.73% | +13.42% | |
| Volatility (annualized) | 5.9% | 14.1% | |
| Max Drawdown | -17.0% | -34.3% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 12, 2018 | Sep 7, 2010 |
JMBS vs VOO Performance
Janus Henderson Mortgage-Backed Securities ETF (JMBS) is a ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JMBS returned +4.67% while VOO returned +21.62%. Year to date, JMBS is up 0.97% versus a gain of 13.20% for VOO.
Over three years, JMBS compounded at +5.76% per year against +22.16% for VOO; over five years the annualized figures are +0.73% and +13.42% respectively. Across the full 8-year window we track, VOO has the edge at +13.51% annualized vs +1.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.9% for JMBS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.0% for JMBS and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMBS charges 0.21% per year while VOO charges 0.03%. On a $10,000 position that is $21 vs $3 annually, a gap of $18 per year that compounds over a long holding period. On income, JMBS currently yields 5.72% against 1.08% for VOO.
Holdings Overlap
JMBS and VOO share 0 holdings out of 879 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMBS or VOO?
JMBS has an expense ratio of 0.21% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, JMBS or VOO?
Over the past year JMBS returned +4.67% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), JMBS annualized +1.31% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, JMBS or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.9% for JMBS. Worst drawdown: JMBS -17.0% vs VOO -34.3%.
Should I hold both JMBS and VOO?
JMBS and VOO have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMBS and VOO?
JMBS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 879 unique securities.
Which pays a higher dividend, JMBS or VOO?
JMBS yields 5.72% while VOO yields 1.08%, so JMBS currently pays the higher dividend yield.
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