JMBS vs VYM
Janus Henderson Mortgage-Backed Securities ETF vs Vanguard High Dividend Yield ETF
Which is better, JMBS or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.21% | 0.04%Best |
| AUM | $6.6B | $81.6B |
| Dividend Yield | 5.74% | 2.22% |
| Holdings | 629 | 613 |
| YTD Return | -0.27% | +13.75%Best |
| 1Y Return | +1.31% | +19.42%Best |
| 3Y Return (annualized) | +5.03% | +18.22%Best |
| 5Y Return (annualized) | +0.43% | +12.17%Best |
| Volatility (annualized) | 5.8%Best | 15.5% |
| Max Drawdown | -17.0%Best | -35.7% |
| $10,000 over 5 years | $10,217 | $17,758Best |
| Top 10 Weight | 55.4% | 25.9%Best |
| Fund Family | Janus Henderson Investors | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Value |
| Inception | Sep 12, 2018 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Sep 13, 2018 to Sep 9, 2026 (8 years).
JMBS vs VYM 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 covers the 8 years both funds cover.
JMBS vs VYM Performance
Janus Henderson Mortgage-Backed Securities ETF (JMBS) is an ETF from Janus Henderson Investors and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year JMBS returned +1.31% while VYM returned +19.42%. Year to date, JMBS is down 0.27% versus a gain of 13.75% for VYM.
Over three years, JMBS compounded at +5.03% per year against +18.22% for VYM; over five years the annualized figures are +0.43% and +12.17% respectively. Across the full 8-year window we track, VYM has the edge at +10.18% annualized vs +1.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JMBS charges 0.21% per year while VYM charges 0.04%. On a $10,000 position that is $21 vs $4 annually, a gap of $17 per year that compounds over a long holding period. On income, JMBS currently yields 5.74% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 374 holdings in JMBS and 603 in VYM, totalling 97.9% and 99.5% 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 603 in VYM, against full books of 629 and 613.
What only one of them owns
Our book lists 567 positions for VYM that do not appear in our book for JMBS (97.3% of the fund), and 272 for JMBS that do not appear in VYM (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 VYM 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 VYM?
JMBS has an expense ratio of 0.21% while VYM charges 0.04%. VYM is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, JMBS or VYM?
Over the past year JMBS returned +1.31% vs +19.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), JMBS annualized +1.14% vs +10.18% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMBS or VYM?
VYM has been the more volatile fund at 15.5% annualized versus 5.8% for JMBS. Worst drawdown: JMBS -17.0% vs VYM -35.7%.
Should I hold both JMBS and VYM?
JMBS and VYM have a monthly-return correlation of 0.41, 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 VYM?
JMBS yields 5.74% while VYM yields 2.22%, so JMBS currently pays the higher dividend yield.
Is VYM better than JMBS?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% 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.