FMHIvsJMSTETF Comparison
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First Trust Municipal High Income ETF (FMHI) 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. FMHI is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.18% for JMST. FMHI is down -0.77% year-to-date (YTD) with +$196M in YTD flows. JMST performs better with 1.53% YTD performance, and +$1.67B in YTD flows. Run a side-by-side ETF comparison of FMHI 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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FMHI 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. | FMHI JMST | -1.13%+0.18% | -4.87%+0.29% | -0.77%+1.53% | -0.23%+2.11% | +11.04%+9.84% | -4.05%+12.39% |
| Flows | FMHI JMST | +$6M+$592M | +$82M+$940M | +$196M+$1.67B | +$241M+$3.02B | +$597M+$5.55B | +$798M+$5.84B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMHI JMST | +6.23%+0.73% | +3.82%+0.46% | +4.52%+0.44% | +4.56%+0.45% |
| Max drawdown | FMHI JMST | -7.19%-0.60% | -7.47%-0.60% | -7.47%-0.60% | -18.93%-0.92% |
| Max drawdown duration | FMHI JMST | 88d45d | 105d45d | 105d45d | 1746d337d |
Trading data
FMHI | JMST | |
Last sale 10/16/2026 at 1:30 PM | $45.49 | |
| Previous close 10/15/2026 | $45.45 | |
| 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
FMHI | JMST | |
|---|---|---|
| Last price | $45.49 | – |
| 1D performance | +0.08% | – |
| AuM | $1.02 B | $8.02 B |
| E/R | 0.49% | 0.18% |
Characteristics
FMHI | JMST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | - | 483 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2017 | October 16, 2018 |
| ESG | No | No |
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Exposure
Countries
FMHI
Data will be available soon
JMST
USA
25.31%
Other
74.69%
Sectors
FMHI
Data will be available soon
JMST
Municipal
24.23%
Other
75.77%
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Diversification
FMHI
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
FMHI
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 FMHI and JMST
How have the FMHI and JMST ETFs performed in 2026?
As of October 15, 2026, FMHI is down -0.77% year-to-date (YTD), while JMST has returned 1.53%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: FMHI or JMST?
Year-to-date, the FMHI ETF saw +$196M in flows, compared to +$1.67B for JMST.
Which ETF is more volatile: FMHI or JMST?
Over the past year, FMHI had a volatility of 3.82%, while JMST experienced 0.46%.
Which ETF is bigger: FMHI or JMST?
As of October 15, 2026, FMHI holds $1.02 B in assets under management (AUM), while JMST manages $8.02 B.
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