BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

JIIIvsJMSTETF Comparison

ETF 1

JIII

Janus Henderson Income ETF

This fund is part of

Intl Aggregate Bonds

+0.01%

Full JIII fund page

VS

ETF 2

JMST

JPMorgan Ultra-Short Municipal Income ETF

This fund is part of

Municipal Bonds

-0%

Full JMST fund page

Janus Henderson Income ETF (JIII) belongs to the Intl Aggregate Bonds segment. JPMorgan Ultra-Short Municipal Income ETF (JMST) is part of the Municipal Bonds segment. JIII's top 3 sector exposures are Industrials, Finance and Energy. In contrast, JMST's top sector exposures are Municipal and Sovereign. JIII is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.18% for JMST. JIII is up 0.12% year-to-date (YTD) with +$163M 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 JIII 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

JIII vs JMST performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

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

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JIII JMST	-0.65%+0.18%	-1.68%+0.29%	+0.12%+1.53%	+1.20%+2.11%	n/a+9.84%	n/a+12.39%
Flows	JIII JMST	+$108M+$592M	+$123M+$940M	+$163M+$1.67B	+$168M+$3.02B	-+$5.55B	-+$5.84B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JIII JMST	+3.12%+0.73%	+2.96%+0.46%	n/a+0.44%	n/a+0.45%
Max drawdown	JIII JMST	-2.59%-0.60%	-2.59%-0.60%	n/a-0.60%	n/a-0.92%
Max drawdown duration	JIII JMST	52d45d	52d45d	n/a45d	n/a337d

Trading data

Create an account to view trading data

Join for free

	JIII	JMST
Last sale 10/16/2026 at 1:30 PM	$48.24
Previous close 10/15/2026	$48.34
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	JIII	JMST
Last price	$48.24	–
1D performance	-0.22%	–
AuM	$303.19 M	$8.02 B
E/R	0.56%	0.18%

Characteristics

	JIII	JMST
Management strategy	Active	Active
Provider	Janus Henderson Investors	J.P. Morgan Asset Management
Benchmark	-	-
N° of holdings	218	483
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	November 12, 2024	October 16, 2018
ESG	No	No

More JIII data on Trackinsight

More JMST data on Trackinsight

Exposure

Countries

JIII

USA

28.28%

Other

71.72%

JMST

USA

25.31%

Other

74.69%

Sectors

JIII

Industrials

7.75%

Other

92.25%

JMST

Municipal

24.23%

Other

75.77%

Diversification

JIII

Total weight of top 15 holdings out of 15

28.24%

JMST

Total weight of top 15 holdings out of 15

11.08%

Top 15 holdings

Data as of August 31, 2026

JIII

US01F0526982

5.33%

US01F0506927

3.73%

US01F0426993

3.17%

US01F0606917

2.59%

US47103U7384

2.55%

US01F0326904

2.34%

US01F0306948

2.03%

US01F0406938

1.10%

US47103U7467

1.01%

US21H0326965

0.92%

US35564KPP83

0.84%

US207941AF22

0.74%

US362414AG97

0.67%

US171935AA72

0.62%

US35564KNE54

0.59%

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 JIII and JMST

How have the JIII and JMST ETFs performed in 2026?

As of October 16, 2026, JIII is up 0.12% 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: JIII or JMST?

Year-to-date, the JIII ETF saw +$163M in flows, compared to +$1.67B for JMST.

Which ETF is more volatile: JIII or JMST?

Over the past year, JIII had a volatility of 2.96%, while JMST experienced 0.46%.

Which ETF is bigger: JIII or JMST?

As of October 16, 2026, JIII holds $303.19 M in assets under management (AUM), while JMST manages $8.02 B.

What sectors do the JIII and JMST ETFs invest in?

JIII leans toward sectors like Industrials. Meanwhile, JMST focuses on Municipal.

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

JIII top holdings include US01F0526982, US01F0506927 and US01F0426993. JMST holds in its top three: USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10.

JIIIvsJMSTETF Comparison

Janus Henderson Income ETF

JPMorgan Ultra-Short Municipal Income ETF

JIII vs JMST performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the JIII and JMST ETFs performed in 2026?

As of October 16, 2026, JIII is up 0.12% 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: JIII or JMST?

Year-to-date, the JIII ETF saw +$163M in flows, compared to +$1.67B for JMST.

Which ETF is more volatile: JIII or JMST?

Over the past year, JIII had a volatility of 2.96%, while JMST experienced 0.46%.

Which ETF is bigger: JIII or JMST?

As of October 16, 2026, JIII holds $303.19 M in assets under management (AUM), while JMST manages $8.02 B.

What sectors do the JIII and JMST ETFs invest in?

JIII leans toward sectors like Industrials. Meanwhile, JMST focuses on Municipal.

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

JIII top holdings include US01F0526982, US01F0506927 and US01F0426993. JMST holds in its top three: USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10.

Which ETF is more diversified: JIII or JMST?

JIII holds 1233 securities with 28.24% of its assets in the top 15. JMST has 1542 securities and a top 15 weight of 11.08%.

ETFs’ Next Act: From Access to Selection