JMTG vs VOO
JMTG vs VOO
JPMorgan Mortgage-Backed Securities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. JMTG offers more diversification with 893 holdings.
Side-by-Side Comparison
| Metric | JMTG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.03% | |
| AUM | $6.8B | $979.0B | |
| Dividend Yield | 1.05% | 1.09% | |
| Holdings | 2,513 | 509 | |
| YTD Return | +0.05% | +11.51% | |
| 1Y Return | +3.25% | +21.46% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 3.5% | 14.1% | |
| Max Drawdown | -2.8% | -34.3% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 27, 2025 | Sep 7, 2010 |
JMTG vs VOO Performance
JPMorgan Mortgage-Backed Securities ETF (JMTG) is a ETF from J.P. Morgan Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JMTG returned +3.25% while VOO returned +21.46%. Year to date, JMTG is up 0.05% versus a gain of 11.51% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.5% for JMTG. 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 -2.8% for JMTG and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMTG charges 0.24% per year while VOO charges 0.03%. On a $10,000 position that is $24 vs $3 annually, a gap of $21 per year that compounds over a long holding period. On income, JMTG currently yields 1.05% against 1.09% for VOO.
Holdings Overlap
JMTG and VOO share 0 holdings out of 1398 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMTG or VOO?
JMTG has an expense ratio of 0.24% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, JMTG or VOO?
Over the past year JMTG returned +3.25% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), JMTG annualized +3.47% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, JMTG or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.5% for JMTG. Worst drawdown: JMTG -2.8% vs VOO -34.3%.
Should I hold both JMTG and VOO?
JMTG and VOO have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMTG and VOO?
JMTG and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1398 unique securities.
Which pays a higher dividend, JMTG or VOO?
JMTG yields 1.05% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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