JMHIvsFMUNETF Comparison
VS
JPMorgan High Yield Municipal ETF (JMHI) and Fidelity Systematic Municipal Bond Index ETF (FMUN) belong to the same industry segment: Municipal Bonds. JMHI's top 2 sector exposures are Municipal and Sovereign. In contrast, FMUN's top sector exposures are Municipal and Non-Corporate. JMHI is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.05% for FMUN. JMHI is up 0.32% year-to-date (YTD) with +$60M in YTD flows. FMUN performs worse with -0.55% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of JMHI and FMUN 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
JMHI vs FMUN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMHI FMUN | -0.62%-0.76% | -1.47%-1.92% | +0.32%-0.55% | +4.22%+3.64% | +14.83%n/a | n/an/a |
| Flows | JMHI FMUN | +$5M- | +$22M+$3M | +$60M+$12M | +$80M+$14M | +$76M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMHI FMUN | +3.01%+2.78% | +2.81%+2.70% | +4.25%n/a | n/an/a |
| Max drawdown | JMHI FMUN | -2.43%-2.57% | -2.62%-2.86% | -5.46%n/a | n/an/a |
| Max drawdown duration | JMHI FMUN | 64d58d | 106d185d | 189dn/a | n/an/a |
Trading data
JMHI | FMUN | |
Last sale 9/3/2026 at 1:30 PM | $48.83 | $48.75 |
| Previous close 09/02/2026 | $48.97 | $48.73 |
| Consolidated volume 09/02/2026 | ||
| 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
Create an account to view replication metrics
Join for free
JMHI
is actively managed and doesn’t replicate an indexJMHI | FMUN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
JMHI | FMUN | |
|---|---|---|
| Last price | $48.83 | $48.75 |
| 1D performance | -0.28% | +0.03% |
| AuM | $293.06 M | $178.50 M |
| E/R | 0.58% | 0.05% |
Characteristics
JMHI | FMUN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Fidelity |
| Benchmark | - | Fidelity Systematic U.S. Municipal Bond Index |
| N° of holdings | 125 | 739 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2023 | April 8, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
JMHI
USA
58.76%
Other
41.24%
FMUN
USA
58.77%
Other
41.23%
Sectors
JMHI
Municipal
56.4%
Other
43.6%
FMUN
Municipal
58.52%
Other
41.48%
Diversification
JMHI
Total weight of top 15 holdings out of 15
17.15%
FMUN
Total weight of top 15 holdings out of 15
9.67%
Top 15 holdings
Data as of July 31, 2026
JMHI
USA, Bills 0% 11aug2026, USD (119D)
2.37%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.35%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.34%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
1.18%
Louisiana Public Facilities Authority, 5.75% 1sep2064, USD (2024)
1.12%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
1.11%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
1.07%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.06%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.04%
US74442PQH19
1.04%
Golden State Tobacco Securitization Corp., 5% 1jun2051, USD (2022A-1)
1.03%
Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)
0.91%
US2510934Q05
0.89%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.82%
US452153PJ26
0.81%
FMUN
California Community Choice Financing Authority, 5% 1jan2055, USD (2024B)
2.23%
US74440DFN93
0.89%
US79574CBW29
0.83%
US91412HSH74
0.60%
US56035DDX75
0.56%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.52%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2024)
0.51%
California, 5% 1aug2035, USD
0.50%
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
0.48%
Triborough Bridge and Tunnel Authority, 4% 15may2046, USD (2021A)
0.47%
US452153JU45
0.46%
New York Transportation Development Corp., 5.375% 30jun2060, USD (2023)
0.44%
US56035DGT37
0.41%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.39%
Los Angeles Unified School District, 5% 1jul2031, USD (2024)
0.38%
Frequently asked questions about JMHI and FMUN
How have the JMHI and FMUN ETFs performed in 2026?
As of September 2, 2026, JMHI is up 0.32% year-to-date (YTD), while FMUN has lost -0.55%. That puts JMHI better performer ahead so far this year.
Which ETF is attracting more investor money: JMHI or FMUN?
Year-to-date, the JMHI ETF saw +$60M in flows, compared to +$12M for FMUN.
Which ETF is more volatile: JMHI or FMUN?
Over the past year, JMHI had a volatility of 2.81%, while FMUN experienced 2.7%.
Which ETF is bigger: JMHI or FMUN?
As of September 2, 2026, JMHI holds $293.06 M in assets under management (AUM), while FMUN manages $178.50 M.
What sectors do the JMHI and FMUN ETFs invest in?
JMHI leans toward sectors like Municipal. Meanwhile, FMUN focuses on Municipal.
What are the top holdings of the JMHI ETF and FMUN ETF?
JMHI top holdings include USA, Bills 0% 11aug2026, USD (119D), Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2) and City of New York, 0% 15sep2006, USD (2029-SER, 2738D). FMUN holds in its top three: California Community Choice Financing Authority, 5% 1jan2055, USD (2024B), US74440DFN93 and US79574CBW29.
Which ETF is more diversified: JMHI or FMUN?
JMHI holds 237 securities with 17.15% of its assets in the top 15. FMUN has 1171 securities and a top 15 weight of 9.67%.
Advertisement
Advertisement
