IBMUvsJMSTETF Comparison
VS
iShares iBonds Dec 2032 Term Muni Bond ETF (IBMU) and JPMorgan Ultra-Short Municipal Income ETF (JMST) belong to the same industry segment: Municipal Bonds. IBMU's top 2 sector exposures are Municipal and Non-Corporate. In contrast, JMST's top sector exposures are Municipal and Sovereign. IBMU is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.18% for JMST. Run a side-by-side ETF comparison of IBMU 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IBMU vs JMST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMU JMST | +4.32%+0.98% | +0.23%+0.66% | n/a+1.91% | n/a+2.45% | n/a+10.19% | n/a+12.85% |
| Flows | IBMU JMST | +$13M+$651M | +$21M+$1.19B | -+$1.91B | -+$3.14B | -+$5.78B | -+$6.05B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMU JMST | +4.74%+0.77% | n/a+0.49% | n/a+0.44% | n/a+0.46% |
| Max drawdown | IBMU JMST | -4.79%-0.60% | n/a-0.60% | n/a-0.60% | n/a-0.92% |
| Max drawdown duration | IBMU JMST | 76d45d | n/a45d | n/a45d | n/a337d |
Trading data
IBMU | JMST | |
Last sale | ||
| Previous close 10/28/2026 | ||
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
JMST
is actively managed and doesn’t replicate an indexIBMU | JMST | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
IBMU | JMST | |
|---|---|---|
| Last price | – | – |
| 1D performance | – | – |
| AuM | $34.86 M | $8.29 B |
| E/R | 0.1% | 0.18% |
Characteristics
IBMU | JMST | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | J.P. Morgan Asset Management |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted 2032 Index | - |
| N° of holdings | 123 | 483 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | October 16, 2018 |
| ESG | No | No |
Advertisement
Exposure
Countries
IBMU
USA
26.76%
Other
73.24%
JMST
USA
25.31%
Other
74.69%
Sectors
IBMU
Municipal
26.21%
Other
73.79%
JMST
Municipal
24.23%
Other
75.77%
Advertisement
Diversification
IBMU
Total weight of top 15 holdings out of 15
10.27%
JMST
Total weight of top 15 holdings out of 15
11.08%
Top 15 holdings
Data as of August 31, 2026
IBMU
California Public Works Board, 5% 1sep2032, USD
1.13%
New York Dormitory Authority, 5% 1oct2032, USD (2023A)
0.98%
US93974EWB81
0.81%
US54641CBJ36
0.77%
US30382ANK42
0.65%
Oklahoma Capitol Improvement Authority, 5% 1jul2032, USD (2026A)
0.64%
US60412AYF47
0.63%
University of Texas, 5% 15aug2034, USD (2023A)
0.62%
City of New York, 6.75% 29jun1990, USD
0.60%
US452227VY47
0.59%
US9151832Q95
0.59%
US546417JN78
0.58%
US386442ZP50
0.57%
US68607DWA98
0.57%
BlackRock Liquidity MuniCash
0.55%
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 IBMU and JMST
Which ETF is bigger: IBMU or JMST?
As of October 28, 2026, IBMU holds $34.86 M in assets under management (AUM), while JMST manages $8.29 B.
What sectors do the IBMU and JMST ETFs invest in?
IBMU leans toward sectors like Municipal. Meanwhile, JMST focuses on Municipal.
What are the top holdings of the IBMU ETF and JMST ETF?
IBMU top holdings include California Public Works Board, 5% 1sep2032, USD, New York Dormitory Authority, 5% 1oct2032, USD (2023A) and US93974EWB81. JMST holds in its top three: USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10.
Which ETF is more diversified: IBMU or JMST?
IBMU holds 496 securities with 10.27% of its assets in the top 15. JMST has 1542 securities and a top 15 weight of 11.08%.
Advertisement
Advertisement
