Which returned more over the last year, JMTG or PMBS?

In the year to Oct 9, 2026, with distributions reinvested, JMTG returned −0.8% and PMBS −2.0%.

Which is cheaper, JMTG or PMBS?

JMTG is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

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JMTG vs PMBS: Differences, Returns & Fees

JMTG's duration was 5.6 years on May 31, 2026 and PMBS's 6.3 on Jun 30, 2026; JMTG charges 0.24% to PMBS's 0.71%. Net assets: $6.7bn on Oct 9, 2026 for JPMorgan Mortgage-Backed Securities ETF, and $1.4bn on Jun 30, 2026 for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund.

JMTG costs 0.47 points a year less; their one-year returns differ by 1.2 points.

	JMTG	PMBS
Expense ratio	0.24%	0.71%
Net assets, JMTG as of Oct 9, 2026 and PMBS as of Jun 30, 2026	$6.7bn	$1.4bn
Total return, 1 year	−0.8%	−2.0%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	0%
Below its high	4.3%, high on Feb 27, 2026	5.9%, high on Feb 27, 2026

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

−0.8%

JMTG total return, 1 year

−2.0%

PMBS total return, 1 year

0.24%

JMTG expense ratio

0.71%

PMBS expense ratio

What they hold in common

By the books each fund has filed, JMTG and PMBS 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 Jun 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding JMTG PMBS

FNMA, due Jan 1, 2035 0.00% 0.00%

FNMA, REMIC, Series 2006-118, Class A2, due Dec 25, 2036 0.00% 0.02%

Only in JMTG

FNMA/FHLMC UMBS, Single Family, 30 Year, due Jun 25, 2056 2.17%

FNMA/FHLMC UMBS, Single Family, 30 Year, due Jun 25, 2056 1.28%

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%

Only in PMBS

Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 7.72%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 6.94%

Uniform Mortgage-Backed Security, TBA, due Jul 1, 2056 5.26%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 3.96%

Government National Mortgage Association, due Nov 20, 2055 3.67%

Federal Home Loan Mortgage Corp., due Mar 1, 2056 3.51%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 3.22%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 3.17%

Check overlap with more funds →

On the same fields

JMTG

JPMorgan Mortgage-Backed Securities ETF

PMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

Where it sits Bond ETF Bond ETF

Issuer JPMorgan PIMCO

What it is Actively managed Actively managed

Total return, 1 year −0.8% −2.0%

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

Gap to the S&P 500 −18.1 pts −19.3 pts

Expense ratio 0.24% 0.71%

Holdings 2578 1134

Net assets, JMTG as of Oct 9, 2026 and PMBS as of Jun 30, 2026 $6.7bn $1.4bn

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

JMTG in plain words

JMTG is actively managed and tracks no 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.

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.

PMBS in plain words

PMBS is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.0% with distributions reinvested. The prospectus expense ratio is 0.71% a year. It sat 5.9% below its high of Feb 27, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, JMTG or PMBS?: In the year to Oct 9, 2026, with distributions reinvested, JMTG returned −0.8% and PMBS −2.0%.
Which is cheaper, JMTG or PMBS?: JMTG is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

JMTG on its own →PMBS on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

JMTG filings on SEC EDGAR ↗JMTG prospectus with the expense ratio (SEC) ↗JPMorgan website ↗PMBS filings on SEC EDGAR ↗PMBS prospectus with the expense ratio (SEC) ↗PIMCO 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, JMTG against PMBS, data as of Oct 9, 2026. https://etfiq.com/compare/any/jmtg-vs-pmbs

Open data

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