VS
Global X Mid-Term U.S. Treasury Premium Yield ETF (MPAY) and JPMorgan US Bond Active ETF (JBND) offer distinct profiles for Canadian ETF investors. A direct comparison shows that MPAY focuses its top 3 sector exposures on Sovereign and Non-Corporate, while JBND leans towards Sovereign, Finance, and Industrials. When evaluating costs, MPAY features a management fee (MER) of 0.4%, compared to 0.25% for JBND. Performance-wise, MPAY has returned 0.54% year-to-date with +$0 M in net flows, whereas JBND is at 1.13% with +$244 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
MPAY
JBND
| AuM | $68.55 M | $329.76 M |
| Management Fees | 0.40% | 0.25% |
| Exp. ratio | 0.56% | 0.25% |
| Tracking Difference | - | - |
Historical performance and flows
As of August 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MPAY | +0.59% | -0.58% | +0.54% | +2.62% | - |
JBND | +0.26% | -0.82% | -1.13% | - | - | |
| Flows | MPAY | -$3 M | -$8 M | +$0 M | -$5 M | - |
JBND | +$6 M | +$72 M | +$244 M | - | - |
MPAY vs JBND exposure
Countries
MPAY
Other
56.57%
USA
43.44%
JBND
Other
50.51%
USA
44.02%
Sectors
MPAY
Other
56.57%
Sovereign
43.44%
JBND
Other
50.51%
Sovereign
32.18%
Finance
8.45%
Other
8.87%
As of August 31, 2026
Top 10 Holdings
MPAY
CA37966J3001
28.87%
CA37893H1047
25.97%
USA, Bills 0% 19nov2026, USD (182D)
8.86%
USA, Bills 0% 11aug2026, USD (119D)
6.02%
USA, Bills 0% 8oct2026, USD (182D)
4.11%
USA, Bills 0% 15oct2026, USD (182D)
4.08%
USA, Bills 0% 20aug2026, USD (182D)
3.59%
USA, Bills 0% 24sep2026, USD (182D)
1.91%
USA, Bills 0% 3sep2026, USD (364D)
1.45%
USA, Bonds 4.125% 15aug2053, USD
0.62%
JBND
USA, Notes 3.625% 31aug2029, USD (AC-2029)
1.63%
USA, Notes 3.875% 15aug2034, USD (E-2034)
1.49%
USA, Notes 4% 15feb2034, USD (B-2034)
1.43%
USA, Notes 1.875% 15feb2032, USD (B-2032)
1.40%
USA, Notes 4.25% 31may2033, USD (L-2033)
1.35%
USA, STRIPS 0% 15feb2036, USD (10957D)
1.16%
USA, Notes 4% 31jul2032, USD (N-2032)
0.92%
USA, Notes 4.125% 29feb2032, USD (H-2032)
0.92%
USA, STRIPS 0% 15feb2040, USD (10961D)
0.90%
USA, STRIPS 0% 15aug2037, USD (10774D)
0.86%
Diversification
MPAY
Total weight of top 10 holdings out of 57 total
85.47%
JBND
Total weight of top 10 holdings out of 1,691 total
12.06%
Characteristics
Compare
MPAY
JBND
| Provider | Global X | J.P. Morgan Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 8.80% | - |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2023 | September 24, 2025 |
Frequently asked questions about MPAY and JBND
Which ETF has performed better year to date: MPAY or JBND?
As of August 31, 2026, MPAY has returned 0.54% year to date, while JBND has returned -1.13%. MPAY is ahead on YTD performance.
Which ETF is larger by assets under management: MPAY or JBND?
As of August 31, 2026, MPAY manages $68.55 M in assets, while JBND manages $329.76 M. JBND is the larger fund by AUM.
How are MPAY and JBND managed?
MPAY is actively managed by Global X. It does not track an index. JBND is actively managed by J.P. Morgan Asset Management. It does not track an index.
What sectors do MPAY and JBND emphasize?
MPAY is most exposed to Sovereign and Non-Corporate. JBND is most exposed to Sovereign, Finance, and Industrials.
Which ETF is attracting more investor flows: MPAY or JBND?
Year to date, MPAY has seen +$0.30 M in net flows, compared with +$244.24 M for JBND. JBND has attracted more net investor money so far.
How do the fees of MPAY and JBND compare?
MPAY has an expense ratio of 0.56%, while JBND has an expense ratio of 0.25%.
What are the top holdings of MPAY and JBND?
MPAY's largest holdings include USA, Bills 0% 19nov2026, USD (182D) and USA, Bills 0% 11aug2026, USD (119D). JBND's top holdings include USA, Notes 3.625% 31aug2029, USD (AC-2029) and USA, Notes 3.875% 15aug2034, USD (E-2034).
Which ETF is more diversified: MPAY or JBND?
MPAY holds 56 securities, while JBND holds 601. On holdings count, JBND is the more diversified portfolio.
Recent articles about MPAY and JBND
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.