FSMBvsJMUBETF Comparison
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First Trust Short Duration Managed Municipal ETF (FSMB) and JPMorgan Municipal ETF (JMUB) belong to the same industry segment: Municipal Bonds. In contrast, JMUB's top sector exposures are Municipal and Sovereign. FSMB is more expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.18% for JMUB. FSMB is up 1.23% year-to-date (YTD) with +$150M in YTD flows. JMUB performs worse with -1.78% YTD performance, and +$2.60B in YTD flows. Run a side-by-side ETF comparison of FSMB and JMUB 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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FSMB vs JMUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSMB JMUB | -0.11%-0.29% | -0.86%-3.03% | +1.23%-1.78% | +1.37%-1.25% | +8.09%+11.11% | +4.26%+2.84% |
| Flows | FSMB JMUB | +$31M+$367M | +$37M+$793M | +$150M+$2.60B | +$175M+$5.03B | +$250M+$8.36B | +$492M+$8.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSMB JMUB | +2.49%+4.78% | +1.58%+2.99% | +1.68%+3.32% | +1.64%+3.28% |
| Max drawdown | FSMB JMUB | -2.71%-5.26% | -2.71%-5.87% | -2.71%-5.87% | -5.98%-11.76% |
| Max drawdown duration | FSMB JMUB | 64d92d | 64d102d | 64d102d | 1149d961d |
Trading data
FSMB | JMUB | |
Last sale 10/16/2026 at 7:49 PM | $19.64 | |
| Previous close 10/16/2026 | $19.62 | |
| Consolidated volume 10/16/2026 | ||
| 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 7:49 PM
Live
Closed
FSMB | JMUB | |
|---|---|---|
| Last price | $19.64 | – |
| 1D performance | +0.08% | – |
| AuM | $649.27 M | $8.72 B |
| E/R | 0.34% | 0.18% |
Characteristics
FSMB | JMUB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | - | 589 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2018 | October 29, 2018 |
| ESG | No | No |
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Exposure
Countries
FSMB
Data will be available soon
JMUB
USA
38.18%
Other
61.82%
Sectors
FSMB
Data will be available soon
JMUB
Municipal
37.1%
Other
62.9%
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Diversification
FSMB
Data will be available soon
JMUB
Total weight of top 15 holdings out of 15
8.46%
Top 15 holdings
Data as of January 1, 1970
FSMB
Data will be available soon
JMUB
USA, Bills 0% 10sep2026, USD (182D)
1.08%
US25477GZQ18
0.75%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.73%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.63%
California Health Facilities Financing Authority, 5% 15aug2065, USD (2026B-3)
0.63%
US796242WD34
0.62%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.57%
US64972JP283
0.51%
US20775DYT35
0.50%
US917393CY40
0.43%
US542691KA76
0.42%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.41%
US88283LLH77
0.41%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.39%
US072581LQ29
0.38%
Frequently asked questions about FSMB and JMUB
How have the FSMB and JMUB ETFs performed in 2026?
As of October 16, 2026, FSMB is up 1.23% year-to-date (YTD), while JMUB has lost -1.78%. That puts FSMB better performer ahead so far this year.
Which ETF is attracting more investor money: FSMB or JMUB?
Year-to-date, the FSMB ETF saw +$150M in flows, compared to +$2.60B for JMUB.
Which ETF is more volatile: FSMB or JMUB?
Over the past year, FSMB had a volatility of 1.58%, while JMUB experienced 2.99%.
Which ETF is bigger: FSMB or JMUB?
As of October 16, 2026, FSMB holds $649.27 M in assets under management (AUM), while JMUB manages $8.72 B.
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