JCALvsMINOETF Comparison
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JPMorgan California Tax Free Bond ETF (JCAL) and PIMCO Municipal Income Opportunities Active ETF (MINO) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. JCAL is less expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.49% for MINO. Run a side-by-side ETF comparison of JCAL and MINO 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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JCAL vs MINO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JCAL MINO | +3.31%+3.55% | -0.50%-1.18% | n/a-0.22% | n/a+0.02% | n/a+17.15% | n/a+4.26% |
| Flows | JCAL MINO | -$12M+$155M | +$14M+$213M | -+$488M | -+$565M | -+$859M | -+$913M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JCAL MINO | +4.64%+5.78% | n/a+3.54% | n/a+3.99% | n/a+4.09% |
| Max drawdown | JCAL MINO | -5.04%-6.08% | n/a-6.92% | n/a-6.92% | n/a-16.36% |
| Max drawdown duration | JCAL MINO | 78d78d | n/a117d | n/a117d | n/a1006d |
Trading data
JCAL | MINO | |
Last sale 11/2/2026 at 2:30 PM | $48.56 | $44.02 |
| Previous close 10/30/2026 | $48.79 | $44.12 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
JCAL | MINO | |
|---|---|---|
| Last price | $48.56 | $44.02 |
| 1D performance | -0.47% | -0.23% |
| AuM | $510.77 M | $936.85 M |
| E/R | 0.44% | 0.49% |
Characteristics
JCAL | MINO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | PIMCO |
| Benchmark | - | - |
| N° of holdings | 112 | 106 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 12, 2026 | September 8, 2021 |
| ESG | No | No |
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Exposure
Countries
JCAL
USA
40.33%
Other
59.67%
MINO
USA
42%
Other
58%
Sectors
JCAL
Municipal
40.33%
Other
59.67%
MINO
Municipal
42%
Other
58%
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Diversification
JCAL
Total weight of top 15 holdings out of 15
16.28%
MINO
Total weight of top 15 holdings out of 15
17.7%
Top 15 holdings
Data as of September 30, 2026
JCAL
US072024ZH86
2.13%
US072024C758
1.83%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.09%
US13063EGP51
1.07%
California, FRN 1may2033, USD (2003A-1)
1.07%
US568087BK56
1.06%
County of Santa Clara, 4% 1aug2038, USD
0.99%
US13032U7S16
0.98%
California Infrastructure and Economic Development Bank, 5% 1nov2029, USD (2024)
0.97%
North Orange Community College District, 4% 1aug2044, USD
0.94%
US13032UX453
0.92%
California Community Choice Financing Authority, 5% 1dec2035, USD (2025G)
0.83%
US13034A3Y44
0.82%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.80%
Sacramento Municipal Utility District, 5% 15aug2049, USD (2023)
0.78%
MINO
Iowa Finance Authority, 5% 1aug2036, USD (2026A)
1.63%
US01065CAM55
1.57%
Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)
1.46%
US88285ALM89
1.27%
New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)
1.27%
Massachusetts, 5% 1feb2055, USD (2026)
1.23%
US544446BA48
1.20%
US560354AH55
1.13%
US60412AM678
1.03%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.00%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.00%
US88283PAG28
0.99%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
0.98%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
0.97%
US87638QSL40
0.97%
Frequently asked questions about JCAL and MINO
Which ETF is bigger: JCAL or MINO?
As of October 30, 2026, JCAL holds $510.77 M in assets under management (AUM), while MINO manages $936.85 M.
What sectors do the JCAL and MINO ETFs invest in?
JCAL leans toward sectors like Municipal. Meanwhile, MINO focuses on Municipal.
What are the top holdings of the JCAL ETF and MINO ETF?
JCAL top holdings include US072024ZH86, US072024C758 and California Community Choice Financing Authority, 5% 1feb2055, USD (2024D). MINO holds in its top three: Iowa Finance Authority, 5% 1aug2036, USD (2026A), US01065CAM55 and Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A).
Which ETF is more diversified: JCAL or MINO?
JCAL holds 307 securities with 16.28% of its assets in the top 15. MINO has 277 securities and a top 15 weight of 17.7%.
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