DFCAvsJMSIETF Comparison
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Dimensional California Municipal Bond ETF (DFCA) belongs to the Municipal Bonds segment. JPMorgan Sustainable Municipal Income ETF (JMSI) is part of the Multiple Trends segment. DFCA's top 1 sector exposures are Municipal. In contrast, JMSI's top sector exposures are Municipal and Sovereign. DFCA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.5% for JMSI. DFCA is down -0.18% year-to-date (YTD) with +$133M in YTD flows. JMSI performs worse with -0.46% YTD performance, and +$53M in YTD flows. Run a side-by-side ETF comparison of DFCA and JMSI 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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DFCA vs JMSI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFCA JMSI | -0.52%-0.57% | -1.13%-1.57% | -0.18%-0.46% | +2.54%+3.22% | +7.50%+10.55% | n/an/a |
| Flows | DFCA JMSI | +$19M+$7M | +$47M+$15M | +$133M+$53M | +$239M+$80M | +$560M+$157M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFCA JMSI | +1.72%+2.42% | +1.58%+2.36% | +2.28%+3.22% | n/an/a |
| Max drawdown | DFCA JMSI | -1.64%-2.11% | -1.73%-2.75% | -3.58%-4.08% | n/an/a |
| Max drawdown duration | DFCA JMSI | 57d58d | 184d185d | 270d270d | n/an/a |
Trading data
DFCA | JMSI | |
Last sale 9/3/2026 at 4:29 PM | $49.13 | $48.88 |
| Previous close 09/02/2026 | $49.13 | $48.82 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 4:29 PM
Live
Closed
DFCA | JMSI | |
|---|---|---|
| Last price | $49.13 | $48.88 |
| 1D performance | -0.01% | +0.13% |
| AuM | $720.67 M | $386.32 M |
| E/R | 0.19% | 0.5% |
Characteristics
DFCA | JMSI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 133 | 102 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2023 | July 14, 2023 |
| ESG | No | Yes |
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Exposure
Countries
DFCA
USA
36.1%
Other
63.9%
JMSI
USA
37.54%
Other
62.46%
Sectors
DFCA
Municipal
36.1%
Other
63.9%
JMSI
Municipal
35.09%
Other
64.91%
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Diversification
DFCA
Total weight of top 15 holdings out of 15
13.43%
JMSI
Total weight of top 15 holdings out of 15
15.65%
Top 15 holdings
Data as of July 31, 2026
DFCA
California, 5% 1apr2035, USD
1.53%
US769110DA28
1.32%
US797661G257
1.04%
US072024YF30
0.95%
US544647HM52
0.91%
US797661D510
0.90%
California, 5% 1oct2042, USD
0.88%
California, 5% 1oct2029, USD
0.79%
US013079R2J7
0.77%
US797661F424
0.76%
California, 4% 1nov2036, USD
0.75%
US544647JH40
0.73%
US013079QGW5
0.70%
US013079Q2R1
0.70%
University of California Medical Center, FRN 15may2045, USD
0.70%
JMSI
USA, Bills 0% 11aug2026, USD (119D)
2.45%
US64972GC444
1.69%
US25484JDJ60
1.19%
Texas Water Development Board, 4% 15oct2044, USD (2019A)
1.07%
US650860AZ26
1.05%
US64972GR970
1.03%
Peace River/Manasota Regional Water Supply Authority, 5.25% 1oct2045, USD (2025A)
0.98%
US71783DDS18
0.87%
US161045RK79
0.85%
US13013JHG40
0.79%
US928103BH24
0.78%
US89602HHW07
0.75%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.74%
US5920983E56
0.72%
City of El Paso, 5% 1mar2041, USD (2026)
0.69%
Frequently asked questions about DFCA and JMSI
How have the DFCA and JMSI ETFs performed in 2026?
As of September 1, 2026, DFCA is down -0.18% year-to-date (YTD), while JMSI has lost -0.46%. That puts DFCA better performer ahead so far this year.
Which ETF is attracting more investor money: DFCA or JMSI?
Year-to-date, the DFCA ETF saw +$133M in flows, compared to +$53M for JMSI.
Which ETF is more volatile: DFCA or JMSI?
Over the past year, DFCA had a volatility of 1.58%, while JMSI experienced 2.36%.
Which ETF is bigger: DFCA or JMSI?
As of September 1, 2026, DFCA holds $720.67 M in assets under management (AUM), while JMSI manages $386.32 M.
What sectors do the DFCA and JMSI ETFs invest in?
DFCA leans toward sectors like Municipal. Meanwhile, JMSI focuses on Municipal.
What are the top holdings of the DFCA ETF and JMSI ETF?
DFCA top holdings include California, 5% 1apr2035, USD, US769110DA28 and US797661G257. JMSI holds in its top three: USA, Bills 0% 11aug2026, USD (119D), US64972GC444 and US25484JDJ60.
Which ETF is more diversified: DFCA or JMSI?
DFCA holds 505 securities with 13.43% of its assets in the top 15. JMSI has 298 securities and a top 15 weight of 15.65%.
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