MBSDvsJAAAETF Comparison
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Northern Trust Disciplined Duration MBS ETF (MBSD) and AAA CLO ETF (JAAA) have similar underlying exposures to countries and sectors. MBSD's top 1 sector exposures are Industrials. In contrast, JAAA's top sector exposures are Industrials and Finance. MBSD is more expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.2% for JAAA. MBSD is down -1.28% year-to-date (YTD) with -$2M in YTD flows. JAAA performs better with 3.72% YTD performance, and +$8.23B in YTD flows. Run a side-by-side ETF comparison of MBSD and JAAA 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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MBSD vs JAAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MBSD JAAA | -0.56%+0.24% | -1.53%+1.17% | -1.28%+3.72% | -0.78%+4.75% | +15.97%+19.67% | +1.58%+28.00% |
| Flows | MBSD JAAA | -$999K+$1.42B | -$999K+$3.45B | -$2M+$8.23B | +$3M+$7.10B | +$23M+$28.33B | -$7M+$32.28B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MBSD JAAA | +3.82%+0.28% | +3.19%+0.42% | +3.93%+0.66% | +4.68%+0.98% |
| Max drawdown | MBSD JAAA | -3.02%-0.08% | -3.74%-0.08% | -3.74%-0.97% | -13.53%-2.41% |
| Max drawdown duration | MBSD JAAA | 55d5d | 232d5d | 232d27d | 1374d310d |
Trading data
MBSD | JAAA | |
Last sale 10/19/2026 at 7:59 PM | $19.96 | $50.59 |
| Previous close 10/19/2026 | $20.05 | $50.59 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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JAAA
is actively managed and doesn’t replicate an indexMBSD | JAAA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 7:59 PM
Live
Closed
MBSD | JAAA | |
|---|---|---|
| Last price | $19.96 | $50.59 |
| 1D performance | -0.45% | +0.00% |
| AuM | $85.87 M | $32.54 B |
| E/R | 0.21% | 0.2% |
Characteristics
MBSD | JAAA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Janus Henderson Investors |
| Benchmark | ICE BofA Constrained Duration US Mortgage Backed Securities Index | - |
| N° of holdings | 39 | 54 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2014 | September 16, 2020 |
| ESG | No | No |
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Exposure
Countries
MBSD
USA
12.68%
Other
87.32%
JAAA
USA
9.84%
Other
90.16%
Sectors
MBSD
Industrials
12.68%
Other
87.32%
JAAA
Industrials
9.3%
Other
90.7%
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Diversification
MBSD
Total weight of top 15 holdings out of 15
22.5%
JAAA
Total weight of top 15 holdings out of 15
9.57%
Top 15 holdings
Data as of August 31, 2026
MBSD
US01F0626972
2.55%
US01F0406938
2.16%
US36180AAK97
1.96%
US3132CYFK10
1.96%
US31427QCF72
1.47%
US3140W6KM30
1.34%
US3140XPUS68
1.33%
FN MA4418, 2% 1sep2036, USD (ABS)
1.29%
US3622AAXB57
1.28%
US3140W5Y247
1.23%
US3140XHKH97
1.21%
US3140W0ZG37
1.19%
G2 MA7937, 3% 20mar2052, USD (ABS)
1.18%
US01F0706907
1.18%
G2 MA6283, 3% 20nov2049, USD (ABS)
1.17%
JAAA
US48254LAN55
0.83%
US00038KBA88
0.76%
US03330WAU80
0.70%
US69688MAY12
0.67%
US07403CAS08
0.66%
US04019DAY85
0.66%
US143120AN30
0.60%
US97719VAJ89
0.60%
US55819DBN57
0.59%
US75888EAS72
0.58%
US75887XBA46
0.58%
US18914HAQ20
0.58%
US67402CBU99
0.58%
US55953WAL46
0.58%
US14316YAL92
0.58%
Frequently asked questions about MBSD and JAAA
How have the MBSD and JAAA ETFs performed in 2026?
As of October 19, 2026, MBSD is down -1.28% year-to-date (YTD), while JAAA has returned 3.72%. That puts JAAA better performer ahead so far this year.
Which ETF is attracting more investor money: MBSD or JAAA?
Year-to-date, the MBSD ETF saw -$2M in flows, compared to +$8.23B for JAAA.
Which ETF is more volatile: MBSD or JAAA?
Over the past year, MBSD had a volatility of 3.19%, while JAAA experienced 0.42%.
Which ETF is bigger: MBSD or JAAA?
As of October 19, 2026, MBSD holds $85.87 M in assets under management (AUM), while JAAA manages $32.54 B.
What sectors do the MBSD and JAAA ETFs invest in?
MBSD leans toward sectors like Industrials. Meanwhile, JAAA focuses on Industrials.
What are the top holdings of the MBSD ETF and JAAA ETF?
MBSD top holdings include US01F0626972, US01F0406938 and US36180AAK97. JAAA holds in its top three: US48254LAN55, US00038KBA88 and US03330WAU80.
Which ETF is more diversified: MBSD or JAAA?
MBSD holds 467 securities with 22.5% of its assets in the top 15. JAAA has 602 securities and a top 15 weight of 9.57%.
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