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FSEC vs JMTG: Differences, Returns & Fees

On May 31, 2026 FSEC's duration was 5.2 years and JMTG's 5.6; JMTG charges 0.24% to FSEC's 0.36%. Net assets: $4.5bn on Sep 30, 2026 for Fidelity Investment Grade Securitized ETF, and $6.7bn on Oct 9, 2026 for JPMorgan Mortgage-Backed Securities ETF.

JMTG costs 0.12 points a year less; their one-year returns differ by 0.4 points; JMTG is 1.6 times larger.

FSECJMTG
Expense ratio0.36%0.24%
Net assets, as of May 31, 2026$4.5bn$6.9bn
Total return, 1 year−1.2%−0.8%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common2%
Below its high4.4%, high on Feb 27, 20264.3%, high on Feb 27, 2026

Holdings in common uses holdings dated May 31, 2026.

−1.2%
FSEC total return, 1 year
−0.8%
JMTG total return, 1 year
0.36%
FSEC expense ratio
0.24%
JMTG expense ratio

What they hold in common

By the books each fund has filed, FSEC and JMTG hold 2% 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.

half

2% in common

Positions both hold, largest shared weight first
Holding FSEC JMTG
UMBS 30YR 5% 06/01/2056 #TBA, due Jun 1, 2056 5.97% 2.17%
GS MTG-BACKED SECS TR 2024-RPL2 A1 3.75% 07/25/2061 144A, due Jul 25, 2061 0.30% 0.08%
FHLG 30YR 2.5% 04/01/2052#SD7554, due Apr 1, 2052 0.42% 0.04%
UMBS 30YR 2.5% 06/01/2056 #TBA, due Jun 1, 2056 0.04% 1.28%
FEDERAL NAT MTG ASN GTD REM PA VAR 03/25/2033, due Mar 25, 2033 0.03% 0.09%
PRPM 2024-RPL1 LLC A1 4.2% 12/25/2064 144A, due Dec 25, 2064 0.03% 0.11%
FEDERAL NAT MTG ASN GTD REM PA 21-M2S A3 VAR 10/25/2031, due Oct 25, 2031 0.01% 0.01%
GNMA II 2% 09/20/2052#MA8263, due Sep 20, 2052 0.00% 0.14%
Only in FSEC
GNII II 5.5% 06/01/2056 #TBA, due Jun 1, 2056 6.97%
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%
UMBS 30YR 2% 07/01/2056 #TBA, due Jul 1, 2056 2.52%
Only in JMTG
U.S. Treasury Bonds, due Aug 15, 2043 1.19%
FNMA UMBS, 30 Year, due Oct 1, 2051 0.66%
FNMA ACES, Series 2026-M10, Class A2, due Jul 25, 2035 0.59%
U.S. Treasury Bonds, due May 15, 2040 0.57%
FNMA ACES, Series 2022-M4, Class 2A2, due Dec 25, 2030 0.53%
FNMA UMBS, 30 Year, due Aug 1, 2050 0.50%
U.S. Treasury Notes, due Feb 15, 2036 0.49%
GNMA II, 30 Year, due Jan 20, 2053 0.47%

Check overlap with more funds →

On the same fields

FSEC
Fidelity Investment Grade Securitized ETF
JMTG
JPMorgan Mortgage-Backed Securities ETF
Where it sits Bond ETF Bond ETF
Issuer Fidelity JPMorgan
What it is Actively managed Actively managed
Total return, 1 year −1.2% −0.8%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −18.4 pts −18.1 pts
Expense ratio 0.36% 0.24%
Holdings 1059 2578
Net assets, FSEC as of Sep 30, 2026 and JMTG as of Oct 9, 2026 $4.5bn $6.7bn

FSEC and JMTG 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.

JMTG in plain words

JMTG is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −0.8% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.24% a year. It sat 4.3% below its high of Feb 27, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FSEC or JMTG?
In the year to Oct 9, 2026, with distributions reinvested, FSEC returned −1.2% and JMTG −0.8%.
Which is cheaper, FSEC or JMTG?
JMTG is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FSEC vs JMBSFSEC vs PMBSFSEC vs SPMBFSEC vs SMBSJMTG vs SMBSJMTG vs SPMBJMTG vs PMBSJMTG vs VMBS
FSEC on its own →JMTG 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 ↗JMTG filings on SEC EDGAR ↗JMTG prospectus with the expense ratio (SEC) ↗JPMorgan 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 JMTG, data as of Oct 9, 2026. https://etfiq.com/compare/any/fsec-vs-jmtg

Open data

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