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IBMUvsJMSTETF Comparison

ETF 1
IBMU

iShares iBonds Dec 2032 Term Muni Bond ETF

This fund is part of
Municipal Bonds
+0.15%
VS
ETF 2
JMST

JPMorgan Ultra-Short Municipal Income ETF

This fund is part of
Municipal Bonds
+0.15%

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.

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IBMU vs JMST performance and flow charts

Performance

-2.0-1.5-1.0-0.50.0%Aug 11Aug 18Aug 25Sep 1Sep 9

Cumulative Flows

0 M50 M100 M150 M200 M250 M300 MAug 11Aug 18Aug 25Sep 1Sep 9

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Historic performance and flows
Data as of 09/11/2026
1M3MYTD1Y3Y5Y
Perf.
IBMU
JMST
-1.86%-0.02%
-2.03%+0.32%
n/a+1.37%
n/a+2.02%
n/a+9.78%
n/a+12.16%
Flows
IBMU
JMST
+$4M+$290M
+$11M+$898M
-+$1.07B
-+$2.82B
-+$4.88B
-+$5.31B
Volatility and drawdown
3M1Y3Y5Y
Volatility
IBMU
JMST
+2.74%+0.40%
n/a+0.34%
n/a+0.40%
n/a+0.43%
Max drawdown
IBMU
JMST
-2.65%-0.16%
n/a-0.16%
n/a-0.46%
n/a-0.93%
Max drawdown duration
IBMU
JMST
67d11d
n/a11d
n/a29d
n/a435d
Trading data

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IBMU
JMST
Last sale
Previous close
09/10/2026
Consolidated volume
09/10/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of August 31, 2026
1-year trailing difference

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JMST
is actively managed and doesn’t replicate an index

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IBMU
JMST
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
IBMU
JMST
Last price
1D performance
AuM$18.44 M$7.43 B
E/R0.1%0.18%
Characteristics
IBMU
JMST
Management strategyPassiveActive
ProvideriSharesJ.P. Morgan Asset Management
BenchmarkS&P AMT-Free Municipal Series Callable-Adjusted 2032 Index-
N° of holdings102523
Asset class--
Trailing 12m distribution yield
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Inception dateMarch 25, 2026October 16, 2018
ESGNoNo
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Exposure

Countries

IBMU
USA
25.74%
Other
74.26%
JMST
USA
27.09%
Other
72.91%

Sectors

IBMU
Municipal
25.45%
Other
74.55%
JMST
Municipal
24.94%
Other
75.06%
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Diversification

IBMU

Total weight of top 15 holdings out of 15

10.43%
JMST

Total weight of top 15 holdings out of 15

12.23%

Top 15 holdings

Data as of July 31, 2026
IBMU
US54641CBJ36
0.98%
US30382ANK42
0.82%
US60412AYF47
0.81%
University of Texas, 5% 15aug2034, USD (2023A)
0.81%
US546417JN78
0.73%
US386442ZP50
0.72%
US717893Y470
0.64%
New York Dormitory Authority, 4% 15mar2035, USD (2022A)
0.64%
US677523PB29
0.62%
US93974EWB81
0.61%
US469487VQ20
0.61%
US546585WY25
0.61%
US64613CBV90
0.61%
US746189C318
0.60%
US932889PR36
0.60%
JMST
USA, Bills 0% 11aug2026, USD (119D)
2.16%
US64972GZB30
0.98%
US93974FDR10
0.85%
US01170PBW59
0.81%
US60412A2K82
0.74%
US424092HZ03
0.71%
US644894QC44
0.68%
US6492284K61
0.68%
US9788624C19
0.68%
US57421CHW73
0.68%
US650860AZ26
0.67%
US543077YT22
0.67%
US083773EE76
0.65%
US87638TEH23
0.64%
District of Columbia, FRN 1jun2051, USD (2026C)
0.64%
Frequently asked questions about IBMU and JMST

Which ETF is bigger: IBMU or JMST?

As of September 11, 2026, IBMU holds $18.44 M in assets under management (AUM), while JMST manages $7.43 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 US54641CBJ36, US30382ANK42 and US60412AYF47. JMST holds in its top three: USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10.

Which ETF is more diversified: IBMU or JMST?

IBMU holds 417 securities with 10.43% of its assets in the top 15. JMST has 1623 securities and a top 15 weight of 12.23%.

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