JMBS vs VOO
Janus Henderson Mortgage-Backed Securities ETF vs Vanguard S&P 500 ETF
Which is better, JMBS or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 55.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JMBS | VOO |
|---|---|---|
| Expense Ratio | 0.21% | 0.03%Best |
| AUM | $6.6B | $997.4B |
| Dividend Yield | 5.74% | 1.04% |
| Holdings | 629 | 509 |
| YTD Return | -0.27% | +12.23%Best |
| 1Y Return | +1.31% | +18.60%Best |
| 3Y Return (annualized) | +5.03% | +20.98%Best |
| 5Y Return (annualized) | +0.43% | +12.76%Best |
| Volatility (annualized) | 5.8%Best | 16.9% |
| Max Drawdown | -17.0%Best | -34.3% |
| $10,000 over 5 years | $10,217 | $18,230Best |
| Top 10 Weight | 55.4% | 36.4%Best |
| Fund Family | Janus Henderson Investors | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Sep 12, 2018 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 13, 2018 to Sep 9, 2026 (8 years).
JMBS vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JMBS vs VOO Performance
Janus Henderson Mortgage-Backed Securities ETF (JMBS) is an ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JMBS returned +1.31% while VOO returned +18.60%. Year to date, JMBS is down 0.27% versus a gain of 12.23% for VOO.
Over three years, JMBS compounded at +5.03% per year against +20.98% for VOO; over five years the annualized figures are +0.43% and +12.76% respectively. Across the full 8-year window we track, VOO has the edge at +13.93% annualized vs +1.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 5.8% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
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 5.74% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 374 holdings in JMBS and 505 in VOO, totalling 97.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 374 positions we hold weights for in JMBS and 505 in VOO, against full books of 629 and 509.
What only one of them owns
Our book lists 496 positions for VOO that do not appear in our book for JMBS (99.5% of the fund), and 272 for JMBS that do not appear in VOO (97.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of JMBS and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $18 a year on a $10,000 investment.
Which performed better, JMBS or VOO?
Over the past year JMBS returned +1.31% vs +18.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), JMBS annualized +1.14% vs +13.93% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMBS or VOO?
VOO has been the more volatile fund at 16.9% annualized versus 5.8% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JMBS or VOO?
JMBS yields 5.74% while VOO yields 1.04%, so JMBS currently pays the higher dividend yield.
Is VOO better than JMBS?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 55.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.