FMNYvsJMSTETF Comparison
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First Trust New York Municipal High Income ETF (FMNY) 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. FMNY is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.18% for JMST. FMNY is down -1.79% year-to-date (YTD) with -$547K 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 FMNY 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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FMNY 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. | FMNY JMST | -0.67%+0.18% | -4.72%+0.29% | -1.79%+1.53% | -1.18%+2.11% | +7.45%+9.84% | -3.89%+12.39% |
| Flows | FMNY JMST | -$11M+$592M | -$11M+$940M | -$547K+$1.67B | +$2M+$3.02B | +$14M+$5.55B | +$14M+$5.84B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMNY JMST | +5.80%+0.73% | +3.59%+0.46% | +4.12%+0.44% | +3.94%+0.45% |
| Max drawdown | FMNY JMST | -7.03%-0.60% | -7.49%-0.60% | -7.49%-0.60% | -15.62%-0.92% |
| Max drawdown duration | FMNY JMST | 88d45d | 102d45d | 102d45d | 1746d337d |
Trading data
FMNY | JMST | |
Last sale 10/16/2026 at 1:30 PM | $25.22 | |
| Previous close 10/15/2026 | $25.18 | |
| 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
FMNY | JMST | |
|---|---|---|
| Last price | $25.22 | – |
| 1D performance | +0.18% | – |
| AuM | $25.23 M | $8.02 B |
| E/R | 0.49% | 0.18% |
Characteristics
FMNY | 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 | May 13, 2021 | October 16, 2018 |
| ESG | No | No |
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Exposure
Countries
FMNY
Data will be available soon
JMST
USA
25.31%
Other
74.69%
Sectors
FMNY
Data will be available soon
JMST
Municipal
24.23%
Other
75.77%
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Diversification
FMNY
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
FMNY
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 FMNY and JMST
How have the FMNY and JMST ETFs performed in 2026?
As of October 15, 2026, FMNY is down -1.79% 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: FMNY or JMST?
Year-to-date, the FMNY ETF saw -$547K in flows, compared to +$1.67B for JMST.
Which ETF is more volatile: FMNY or JMST?
Over the past year, FMNY had a volatility of 3.59%, while JMST experienced 0.46%.
Which ETF is bigger: FMNY or JMST?
As of October 15, 2026, FMNY holds $25.23 M in assets under management (AUM), while JMST manages $8.02 B.
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