FTMHvsJMSTETF Comparison
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Franklin Municipal High Yield ETF (FTMH) and JPMorgan Ultra-Short Municipal Income ETF (JMST) belong to the same industry segment: Municipal Bonds. FTMH's top 1 sector exposures are Municipal. In contrast, JMST's top sector exposures are Municipal and Sovereign. FTMH is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.18% for JMST. FTMH is down -4.72% year-to-date (YTD) with +$137M 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 FTMH 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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FTMH vs JMST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMH JMST | -1.47%+0.18% | -6.56%+0.29% | -4.72%+1.53% | n/a+2.11% | n/a+9.84% | n/a+12.39% |
| Flows | FTMH JMST | +$92M+$592M | +$87M+$940M | +$137M+$1.67B | -+$3.02B | -+$5.55B | -+$5.84B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMH JMST | +6.61%+0.73% | n/a+0.46% | n/a+0.44% | n/a+0.45% |
| Max drawdown | FTMH JMST | -8.53%-0.60% | n/a-0.60% | n/a-0.60% | n/a-0.92% |
| Max drawdown duration | FTMH JMST | 92d45d | n/a45d | n/a45d | n/a337d |
Trading data
FTMH | JMST | |
Last sale 10/16/2026 at 1:30 PM | $10.97 | |
| Previous close 10/15/2026 | $10.97 | |
| 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
FTMH | JMST | |
|---|---|---|
| Last price | $10.97 | – |
| 1D performance | +0.00% | – |
| AuM | $646.36 M | $8.02 B |
| E/R | 0.35% | 0.18% |
Characteristics
FTMH | JMST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 96 | 483 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | October 16, 2018 |
| ESG | No | No |
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Exposure
Countries
FTMH
USA
26.09%
Other
73.91%
JMST
USA
25.31%
Other
74.69%
Sectors
FTMH
Municipal
26.09%
Other
73.91%
JMST
Municipal
24.23%
Other
75.77%
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Diversification
FTMH
Total weight of top 15 holdings out of 15
13.81%
JMST
Total weight of top 15 holdings out of 15
11.08%
Top 15 holdings
Data as of August 31, 2026
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.61%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.22%
US389526AJ35
0.97%
Puerto Rico, 4% 1jul2041, USD
0.96%
US57420VSP93
0.95%
US292723DP56
0.94%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.91%
Detroit, 4% 1apr2044, USD
0.87%
US650116GY64
0.82%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.80%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.79%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.78%
US51404PAK57
0.75%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
Maricopa Industrial Development Authority, 7.375% 1oct2029, USD (2024)
0.71%
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 FTMH and JMST
How have the FTMH and JMST ETFs performed in 2026?
As of October 16, 2026, FTMH is down -4.72% 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: FTMH or JMST?
Year-to-date, the FTMH ETF saw +$137M in flows, compared to +$1.67B for JMST.
Which ETF is bigger: FTMH or JMST?
As of October 16, 2026, FTMH holds $646.36 M in assets under management (AUM), while JMST manages $8.02 B.
What sectors do the FTMH and JMST ETFs invest in?
FTMH leans toward sectors like Municipal. Meanwhile, JMST focuses on Municipal.
What are the top holdings of the FTMH ETF and JMST ETF?
FTMH top holdings include New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35. JMST holds in its top three: USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10.
Which ETF is more diversified: FTMH or JMST?
FTMH holds 512 securities with 13.81% of its assets in the top 15. JMST has 1542 securities and a top 15 weight of 11.08%.
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