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IBMXvsJMSTETF Comparison

ETF 1
IBMX

iShares iBonds Dec 2035 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 2035 Term Muni Bond ETF (IBMX) and JPMorgan Ultra-Short Municipal Income ETF (JMST) belong to the same industry segment: Municipal Bonds. IBMX's top 2 sector exposures are Municipal and Non-Corporate. In contrast, JMST's top sector exposures are Municipal and Sovereign. IBMX 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 IBMX 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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IBMX vs JMST performance and flow charts

Performance

-3.0-2.0-1.00.0%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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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 09/11/2026
1M3MYTD1Y3Y5Y
Perf.
IBMX
JMST
-2.95%-0.02%
-3.95%+0.32%
n/a+1.37%
n/a+2.02%
n/a+9.78%
n/a+12.16%
Flows
IBMX
JMST
+$1M+$290M
+$1M+$898M
-+$1.07B
-+$2.82B
-+$4.88B
-+$5.31B
Volatility and drawdown
3M1Y3Y5Y
Volatility
IBMX
JMST
+3.73%+0.40%
n/a+0.34%
n/a+0.40%
n/a+0.43%
Max drawdown
IBMX
JMST
-4.76%-0.16%
n/a-0.16%
n/a-0.46%
n/a-0.93%
Max drawdown duration
IBMX
JMST
67d11d
n/a11d
n/a29d
n/a435d
Trading data

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IBMX
JMST
Last sale
9/11/2026 at 1:30 PM
$23.78
Previous close
09/10/2026
$23.75
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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IBMX
JMST
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
IBMX
JMST
Last price
$23.78
1D performance
+0.13%
AuM$5.96 M$7.43 B
E/R0.1%0.18%
Characteristics
IBMX
JMST
Management strategyPassiveActive
ProvideriSharesJ.P. Morgan Asset Management
BenchmarkS&P AMT-Free Municipal Series Callable-Adjusted 2035 Index-
N° of holdings24523
Asset class--
Trailing 12m distribution yield
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Inception dateApril 14, 2026October 16, 2018
ESGNoNo
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Exposure

Countries

IBMX
USA
26.56%
Other
73.44%
JMST
USA
27.09%
Other
72.91%

Sectors

IBMX
Municipal
25.8%
Other
74.2%
JMST
Municipal
24.94%
Other
75.06%

Diversification

IBMX

Total weight of top 15 holdings out of 15

25.78%
JMST

Total weight of top 15 holdings out of 15

12.23%

Top 15 holdings

Data as of July 31, 2026
IBMX
California, 5% 1oct2035, USD
3.08%
University of Texas, 5% 15aug2036, USD (2025B)
2.56%
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
2.31%
US677523RD66
2.21%
University of California, 5% 15may2038, USD (2025)
1.83%
Maryland, 5% 1jun2039, USD (2025)
1.81%
Los Angeles Unified School District, 5% 1jul2039, USD (2024QRR)
1.57%
Texas Transportation Commission, 5% 1oct2036, USD (2025)
1.50%
US59261AY925
1.47%
California, 5% 1sep2035, USD
1.40%
US684554GB85
1.36%
US207758Z305
1.26%
US64990KHR77
1.15%
State of Washington, 5% 1aug2039, USD (2025D)
1.14%
US64972JXD52
1.14%
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 IBMX and JMST

Which ETF is bigger: IBMX or JMST?

As of September 11, 2026, IBMX holds $5.96 M in assets under management (AUM), while JMST manages $7.43 B.

What sectors do the IBMX and JMST ETFs invest in?

IBMX leans toward sectors like Municipal. Meanwhile, JMST focuses on Municipal.

What are the top holdings of the IBMX ETF and JMST ETF?

IBMX top holdings include California, 5% 1oct2035, USD, University of Texas, 5% 15aug2036, USD (2025B) and Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2). JMST holds in its top three: USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10.

Which ETF is more diversified: IBMX or JMST?

IBMX holds 135 securities with 25.78% of its assets in the top 15. JMST has 1623 securities and a top 15 weight of 12.23%.

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