JMBS vs VTI
Janus Henderson Mortgage-Backed Securities ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | JMBS | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.21% | 0.03% | |
| AUM | $6.6B | $666.9B | |
| Dividend Yield | 5.72% | 1.07% | |
| Holdings | 629 | 3,543 | |
| YTD Return | +0.58% | +12.65% | |
| 1Y Return | +4.23% | +21.39% | |
| 3Y Return (annualized) | +5.62% | +21.54% | |
| 5Y Return (annualized) | +0.65% | +12.11% | |
| Volatility (annualized) | 5.9% | 15.3% | |
| Max Drawdown | -17.0% | -56.6% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 12, 2018 | May 24, 2001 |
JMBS vs VTI Performance
Janus Henderson Mortgage-Backed Securities ETF (JMBS) is a ETF from Janus Henderson Investors and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year JMBS returned +4.23% while VTI returned +21.39%. Year to date, JMBS is up 0.58% versus a gain of 12.65% for VTI.
Over three years, JMBS compounded at +5.62% per year against +21.54% for VTI; over five years the annualized figures are +0.65% and +12.11% respectively. Across the full 8-year window we track, VTI has the edge at +8.07% annualized vs +1.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 VTI 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 1.07% for VTI.
Holdings Overlap
JMBS and VTI share 0 holdings out of 3161 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 VTI?
JMBS has an expense ratio of 0.21% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, JMBS or VTI?
Over the past year JMBS returned +4.23% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (8 years), JMBS annualized +1.26% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, JMBS or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 5.9% for JMBS. Worst drawdown: JMBS -17.0% vs VTI -56.6%.
Should I hold both JMBS and VTI?
JMBS and VTI 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 VTI?
JMBS and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3161 unique securities.
Which pays a higher dividend, JMBS or VTI?
JMBS yields 5.72% while VTI yields 1.07%, so JMBS currently pays the higher dividend yield.
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