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JIIIvsSMBSETF Comparison

ETF 1

JIII

Janus Henderson Income ETF

This fund is part of

Intl Aggregate Bonds

+0.01%

Full JIII fund page

VS

ETF 2

SMBS

Schwab Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.03%

Full SMBS fund page

Janus Henderson Income ETF (JIII) belongs to the Intl Aggregate Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. JIII's top 3 sector exposures are Industrials, Finance and Energy. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. JIII is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.03% for SMBS. JIII is up 0.12% year-to-date (YTD) with +$163M in YTD flows. SMBS performs worse with -1.53% YTD performance, and +$770M in YTD flows. Run a side-by-side ETF comparison of JIII and SMBS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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JIII vs SMBS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JIII SMBS	-0.65%-0.22%	-1.68%-2.21%	+0.12%-1.53%	+1.20%-1.08%	n/an/a	n/an/a
Flows	JIII SMBS	+$108M-$72M	+$123M+$35M	+$163M+$770M	+$168M+$1.08B	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JIII SMBS	+3.12%+5.52%	+2.96%+4.35%	n/an/a	n/an/a
Max drawdown	JIII SMBS	-2.59%-4.24%	-2.59%-5.12%	n/an/a	n/an/a
Max drawdown duration	JIII SMBS	52d52d	52d229d	n/an/a	n/an/a

Trading data

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	JIII	SMBS
Last sale 10/19/2026 at 2:13 PM	$48.27	$24.25
Previous close 10/16/2026	$48.24	$24.29
Consolidated volume 10/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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JIII

is actively managed and doesn’t replicate an index

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	JIII	SMBS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/19/2026 at 2:13 PM

Live

Closed

	JIII	SMBS
Last price	$48.27	$24.25
1D performance	+0.07%	-0.16%
AuM	$303.19 M	$6.29 B
E/R	0.56%	0.03%

Characteristics

	JIII	SMBS
Management strategy	Active	Passive
Provider	Janus Henderson Investors	Schwab ETFs
Benchmark	-	Bloomberg U.S. MBS Float Adjusted Index
N° of holdings	218	430
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	November 12, 2024	November 19, 2024
ESG	No	No

More JIII data on Trackinsight

More SMBS data on Trackinsight

Exposure

Countries

JIII

USA

28.28%

Other

71.72%

SMBS

USA

33.79%

Other

66.21%

Sectors

JIII

Industrials

7.75%

Other

92.25%

SMBS

Industrials

33.23%

Other

66.77%

Diversification

JIII

Total weight of top 15 holdings out of 15

28.24%

SMBS

Total weight of top 15 holdings out of 15

5.8%

Top 15 holdings

Data as of August 31, 2026

JIII

US01F0526982

5.33%

US01F0506927

3.73%

US01F0426993

3.17%

US01F0606917

2.59%

US47103U7384

2.55%

US01F0326904

2.34%

US01F0306948

2.03%

US01F0406938

1.10%

US47103U7467

1.01%

US21H0326965

0.92%

US35564KPP83

0.84%

US207941AF22

0.74%

US362414AG97

0.67%

US171935AA72

0.62%

US35564KNE54

0.59%

SMBS

G2 MB0025, 5% 20nov2054, USD (ABS)

0.67%

US31427R6E50

0.59%

FR SD8469, 5.5% 1oct2054, USD (ABS)

0.48%

FR SD8193, 2% 1feb2052, USD (ABS)

0.40%

US31418DYX47

0.40%

FR SD8106, 2% 1nov2050, USD (ABS)

0.36%

US3618N6HU47

0.35%

FR RQ0110, 5% 1apr2056, USD (ABS)

0.34%

FR RQ0102, 5% 1mar2056, USD (ABS)

0.34%

US3132DWDC47

0.33%

FR SD7552, 2.5% 1jan2052, USD (ABS)

0.31%

US31418EQ948

0.31%

US3142J6BK85

0.30%

US3132DWAN39

0.30%

US3618N6NA19

0.30%

Frequently asked questions about JIII and SMBS

How have the JIII and SMBS ETFs performed in 2026?

As of October 16, 2026, JIII is up 0.12% year-to-date (YTD), while SMBS has lost -1.53%. That puts JIII better performer ahead so far this year.

Which ETF is attracting more investor money: JIII or SMBS?

Year-to-date, the JIII ETF saw +$163M in flows, compared to +$770M for SMBS.

Which ETF is more volatile: JIII or SMBS?

Over the past year, JIII had a volatility of 2.96%, while SMBS experienced 4.35%.

Which ETF is bigger: JIII or SMBS?

As of October 16, 2026, JIII holds $303.19 M in assets under management (AUM), while SMBS manages $6.29 B.

What sectors do the JIII and SMBS ETFs invest in?

JIII leans toward sectors like Industrials. Meanwhile, SMBS focuses on Industrials.

What are the top holdings of the JIII ETF and SMBS ETF?

JIII top holdings include US01F0526982, US01F0506927 and US01F0426993. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).

JIIIvsSMBSETF Comparison

Janus Henderson Income ETF

Schwab Mortgage-Backed Securities ETF

JIII vs SMBS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the JIII and SMBS ETFs performed in 2026?

As of October 16, 2026, JIII is up 0.12% year-to-date (YTD), while SMBS has lost -1.53%. That puts JIII better performer ahead so far this year.

Which ETF is attracting more investor money: JIII or SMBS?

Year-to-date, the JIII ETF saw +$163M in flows, compared to +$770M for SMBS.

Which ETF is more volatile: JIII or SMBS?

Over the past year, JIII had a volatility of 2.96%, while SMBS experienced 4.35%.

Which ETF is bigger: JIII or SMBS?

As of October 16, 2026, JIII holds $303.19 M in assets under management (AUM), while SMBS manages $6.29 B.

What sectors do the JIII and SMBS ETFs invest in?

JIII leans toward sectors like Industrials. Meanwhile, SMBS focuses on Industrials.

What are the top holdings of the JIII ETF and SMBS ETF?

JIII top holdings include US01F0526982, US01F0506927 and US01F0426993. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).

Which ETF is more diversified: JIII or SMBS?

JIII holds 1233 securities with 28.24% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.

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