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

In the year to Oct 9, 2026, with distributions reinvested, JMTG returned −0.8% and SMBS −1.0%.

Which is cheaper, JMTG or SMBS?

SMBS is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.

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JMTG vs SMBS: Differences, Returns & Fees

On May 31, 2026 JMTG's duration was 5.6 years and SMBS's 5.1; SMBS charges 0.03% to JMTG's 0.24%. Net assets: $6.7bn on Oct 9, 2026 for JPMorgan Mortgage-Backed Securities ETF, and $6.4bn on May 31, 2026 for Schwab Mortgage-Backed Securities ETF.

SMBS costs 0.21 points a year less; their one-year returns differ by 0.2 points.

	JMTG	SMBS
Expense ratio	0.24%	0.03%
Net assets, as of May 31, 2026	$6.9bn	$6.4bn
Total return, 1 year	−0.8%	−1.0%
What it tracks	No index, actively managed	Bloomberg US MBS Float Adjusted Total Return Index
Holdings in common	0%
Below its high	4.3%, high on Feb 27, 2026	4.4%, high on Feb 27, 2026

Holdings in common uses holdings dated May 31, 2026.

−0.8%

JMTG total return, 1 year

−1.0%

SMBS total return, 1 year

0.24%

JMTG expense ratio

0.03%

SMBS expense ratio

What they hold in common

By the books each fund has filed, JMTG and SMBS 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.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding JMTG SMBS

GNMA II, 30 Year, due Oct 20, 2052 0.26% 0.13%

FNMA UMBS, 30 Year, due Nov 1, 2051 0.09% 0.07%

FHLMC UMBS, 30 Year, due Nov 1, 2051 0.05% 0.06%

FNMA UMBS, 30 Year, due Aug 1, 2050 0.50% 0.05%

FNMA UMBS, 30 Year, due Jun 1, 2050 0.05% 0.06%

FHLMC UMBS, 30 Year, due Apr 1, 2052 0.04% 0.06%

FHLMC UMBS, 30 Year, due May 1, 2052 0.13% 0.02%

FNMA UMBS, 30 Year, due Sep 1, 2051 0.16% 0.02%

GNMA II, 30 Year, due Apr 20, 2053 0.02% 0.01%

FNMA UMBS, 30 Year, due Dec 1, 2051 0.05% 0.00%

FHLMC UMBS, 30 Year, due Jun 1, 2052 0.12% 0.00%

FHLMC Gold Pools, 30 Year, due Aug 1, 2040 0.01% 0.00%

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%

U.S. Treasury Notes, due Feb 15, 2036 0.49%

Only in SMBS

Ginnie Mae II Pool, due Nov 20, 2054 0.47%

Freddie Mac Pool, due Oct 1, 2054 0.35%

Freddie Mac Pool, due Jan 1, 2054 0.29%

Fannie Mae Pool, due May 1, 2051 0.28%

Freddie Mac Pool, due Feb 1, 2052 0.27%

Freddie Mac Pool, due Nov 1, 2050 0.26%

Freddie Mac Pool, due Apr 1, 2056 0.25%

Freddie Mac Pool, due Mar 1, 2052 0.25%

Check overlap with more funds →

On the same fields

JMTG

JPMorgan Mortgage-Backed Securities ETF

SMBS

Schwab Mortgage-Backed Securities ETF

Where it sits Bond ETF Bond ETF

Issuer JPMorgan Schwab

What it is Actively managed Tracks an index

Total return, 1 year −0.8% −1.0%

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

Gap to the S&P 500 −18.1 pts −18.2 pts

Expense ratio 0.24% 0.03%

Holdings 2578 4196

Net assets, JMTG as of Oct 9, 2026 and SMBS as of May 31, 2026 $6.7bn $6.4bn

JMTG and SMBS 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.

SMBS in plain words

SMBS tracks an index. The prospectus expense ratio is 0.03% a year. It sat 4.4% below its high of Feb 27, 2026 on Oct 9, 2026.

Over the year to Oct 9, 2026 it returned −1.0% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg US MBS Float Adjusted Total Return Index, measured by the closely related Bloomberg U.S. MBS Index.

Questions people ask

Which returned more over the last year, JMTG or SMBS?: In the year to Oct 9, 2026, with distributions reinvested, JMTG returned −0.8% and SMBS −1.0%.
Which is cheaper, JMTG or SMBS?: SMBS is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

JMTG on its own →SMBS 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 ↗SMBS filings on SEC EDGAR ↗SMBS prospectus with the expense ratio (SEC) ↗Schwab 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 SMBS, data as of Oct 9, 2026. https://etfiq.com/compare/any/jmtg-vs-smbs

Open data

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