APMUvsJMSTETF Comparison
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ActivePassive Intermediate Municipal Bond ETF (APMU) and JPMorgan Ultra-Short Municipal Income ETF (JMST) belong to the same industry segment: Municipal Bonds. In contrast, JMST's top sector exposures are Municipal and Sovereign. APMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.18% for JMST. APMU is down -1.36% year-to-date (YTD) with +$55M in YTD flows. JMST performs better with 1.5% YTD performance, and +$1.66B in YTD flows. Run a side-by-side ETF comparison of APMU and JMST 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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APMU vs JMST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | APMU JMST | -0.08%+0.14% | -1.92%+0.24% | -1.36%+1.50% | -0.82%+2.09% | +9.30%+9.81% | n/a+12.38% |
| Flows | APMU JMST | +$6M+$587M | +$13M+$955M | +$55M+$1.66B | +$66M+$3.02B | +$227M+$5.55B | -+$5.83B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | APMU JMST | +3.84%+0.73% | +2.39%+0.46% | +2.49%+0.44% | n/a+0.45% |
| Max drawdown | APMU JMST | -4.17%-0.60% | -5.19%-0.60% | -5.19%-0.60% | n/a-0.92% |
| Max drawdown duration | APMU JMST | 92d45d | 228d45d | 228d45d | n/a337d |
Trading data
APMU | JMST | |
Last sale 10/16/2026 at 1:30 PM | $24.29 | |
| Previous close 10/15/2026 | $24.29 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
APMU | JMST | |
|---|---|---|
| Last price | $24.29 | – |
| 1D performance | +0.00% | – |
| AuM | $252.63 M | $8.01 B |
| E/R | 0.35% | 0.18% |
Characteristics
APMU | JMST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Envestnet Asset Management | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | - | 483 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 3, 2023 | October 16, 2018 |
| ESG | No | No |
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Exposure
Countries
APMU
Data will be available soon
JMST
USA
25.31%
Other
74.69%
Sectors
APMU
Data will be available soon
JMST
Municipal
24.23%
Other
75.77%
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Diversification
APMU
Data will be available soon
JMST
Total weight of top 15 holdings out of 15
11.08%
Top 15 holdings
Data as of January 1, 1970
APMU
Data will be available soon
JMST
USA, Bills 0% 10sep2026, USD (182D)
1.08%
US64972GZB30
0.97%
US93974FDR10
0.85%
US01170PBW59
0.80%
US60412A2K82
0.74%
US424092HZ03
0.71%
US644894QC44
0.68%
US6492284K61
0.68%
US57421CHW73
0.67%
US9788624C19
0.67%
US650860AZ26
0.66%
US543077YT22
0.66%
US083773EE76
0.64%
US87638TEH23
0.64%
District of Columbia, FRN 1jun2051, USD (2026C)
0.63%
Frequently asked questions about APMU and JMST
How have the APMU and JMST ETFs performed in 2026?
As of October 15, 2026, APMU is down -1.36% year-to-date (YTD), while JMST has returned 1.5%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: APMU or JMST?
Year-to-date, the APMU ETF saw +$55M in flows, compared to +$1.66B for JMST.
Which ETF is more volatile: APMU or JMST?
Over the past year, APMU had a volatility of 2.39%, while JMST experienced 0.46%.
Which ETF is bigger: APMU or JMST?
As of October 15, 2026, APMU holds $252.63 M in assets under management (AUM), while JMST manages $8.01 B.
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