Which returned more over the last year, FSEC or JMBS?

In the year to Oct 9, 2026, with distributions reinvested, FSEC returned −1.2% and JMBS −1.8%.

Which is cheaper, FSEC or JMBS?

JMBS is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

Share on X Download as PDF

Compare their flows Ask IQ about these two funds

FSEC vs JMBS: Differences, Returns & Fees

FSEC's duration was 5.2 years on May 31, 2026 and JMBS's 6.2 on Jul 31, 2026; JMBS charges 0.21% to FSEC's 0.36%. Net assets: $4.5bn on Sep 30, 2026 for Fidelity Investment Grade Securitized ETF, and $6.7bn on Jul 31, 2026 for Janus Henderson Mortgage-Backed Securities ETF.

JMBS costs 0.15 points a year less; their one-year returns differ by 0.6 points.

	FSEC	JMBS
Expense ratio	0.36%	0.21%
Net assets, FSEC as of Sep 30, 2026 and JMBS as of Jul 31, 2026	$4.5bn	$6.7bn
Total return, 1 year	−1.2%	−1.8%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	0%
Below its high	4.4%, high on Feb 27, 2026	5.4%, high on Feb 27, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

−1.2%

FSEC total return, 1 year

−1.8%

JMBS total return, 1 year

0.36%

FSEC expense ratio

0.21%

JMBS expense ratio

What they hold in common

By the books each fund has filed, FSEC and JMBS hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding FSEC JMBS

PRET 2025-RPL2 A1 4% 08/25/2064 144A, due Aug 25, 2064 0.30% 0.09%

FNMA 30YR 4% 10/01/2050#FS1578, due Oct 1, 2050 0.37% 0.08%

PRET 2025-RPL3 A1 STEP 4.15% 04/25/2065 144A, due Apr 25, 2065 0.07% 0.31%

PRPM 2025-RCF3 A1 LLC VAR 07/25/2055 144A, due Jul 25, 2055 0.04% 0.18%

Only in FSEC

GNII II 5.5% 06/01/2056 #TBA, due Jun 1, 2056 6.97%

UMBS 30YR 5% 06/01/2056 #TBA, due Jun 1, 2056 5.97%

GNII II 5.5% 07/01/2056 #TBA, due Jul 1, 2056 4.64%

GNII II 5% 06/01/2056 #TBA, due Jun 1, 2056 4.20%

UMBS 30YR 2% 06/01/2056 #TBA, due Jun 1, 2056 3.54%

GNII II 2% 06/01/2056 #TBA, due Jun 1, 2056 3.04%

GNII II 6% 06/01/2056 #TBA, due Jun 1, 2056 3.02%

GNII II 2.5% 06/01/2056 #TBA, due Jun 1, 2056 2.90%

Only in JMBS

Fannie Mae / Freddie Mac UMBS, Single Family, 30 Year, due Aug 25, 2056 16.97%

Ginnie Mae II UMBS, Single Family, 30 Year, due Aug 15, 2056 8.87%

Fannie Mae / Freddie Mac UMBS, Single Family, 30 Year, due Aug 25, 2056 7.55%

Fannie Mae Pool UMBS, 30 Year, due Sep 1, 2053 4.59%

Fannie Mae / Freddie Mac UMBS, Single Family, 30 Year, due Aug 25, 2056 4.21%

Fannie Mae / Freddie Mac UMBS, Single Family, 30 Year, due Aug 25, 2056 3.82%

Fannie Mae / Freddie Mac UMBS, Single Family, 30 Year, due Aug 25, 2056 3.66%

Ginnie Mae II UMBS, Single Family, 30 Year, due Aug 15, 2056 2.87%

Check overlap with more funds →

On the same fields

FSEC

Fidelity Investment Grade Securitized ETF

JMBS

Janus Henderson Mortgage-Backed Securities ETF

Where it sits Bond ETF Bond ETF

Issuer Fidelity Janus Henderson

What it is Actively managed Actively managed

Total return, 1 year −1.2% −1.8%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −18.4 pts −19.1 pts

Expense ratio 0.36% 0.21%

Holdings 1059 618

Net assets, FSEC as of Sep 30, 2026 and JMBS as of Jul 31, 2026 $4.5bn $6.7bn

FSEC and JMBS on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FSEC in plain words

FSEC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.36% a year. It sat 4.4% below its high of Feb 27, 2026 on Oct 9, 2026.

JMBS in plain words

JMBS is actively managed and tracks no index. The prospectus expense ratio is 0.21% a year. It sat 5.4% below its high of Feb 27, 2026 on Oct 9, 2026.

Over the year to Oct 9, 2026 it returned −1.8% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Aggregate Bond Index.

Questions people ask

Which returned more over the last year, FSEC or JMBS?: In the year to Oct 9, 2026, with distributions reinvested, FSEC returned −1.2% and JMBS −1.8%.
Which is cheaper, FSEC or JMBS?: JMBS is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FSEC vs JMTG FSEC vs SPMB FSEC vs SMBS FSEC vs VMBS JMBS vs SMBS JMBS vs JMTG JMBS vs SPMB JMBS vs PMBS

FSEC on its own →JMBS on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FSEC filings on SEC EDGAR ↗FSEC prospectus with the expense ratio (SEC) ↗Fidelity website ↗JMBS filings on SEC EDGAR ↗JMBS prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FSEC against JMBS, data as of Oct 9, 2026. https://etfiq.com/compare/any/fsec-vs-jmbs

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.