JMHIvsSCMBETF Comparison
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JPMorgan High Yield Municipal ETF (JMHI) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. JMHI's top 2 sector exposures are Municipal and Sovereign. In contrast, SCMB's top sector exposures are Municipal. JMHI is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.03% for SCMB. JMHI is up 0.32% year-to-date (YTD) with +$60M in YTD flows. SCMB performs worse with -0.67% YTD performance, and +$1.53B in YTD flows. Run a side-by-side ETF comparison of JMHI and SCMB 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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JMHI vs SCMB 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 SCMB | -0.62%-0.84% | -1.47%-1.99% | +0.32%-0.67% | +4.22%+3.31% | +14.83%+8.78% | n/an/a |
| Flows | JMHI SCMB | +$5M+$278M | +$22M+$395M | +$60M+$1.53B | +$80M+$1.97B | +$76M+$4.06B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMHI SCMB | +3.01%+2.72% | +2.81%+2.57% | +4.25%+3.73% | n/an/a |
| Max drawdown | JMHI SCMB | -2.43%-2.64% | -2.62%-2.72% | -5.46%-5.45% | n/an/a |
| Max drawdown duration | JMHI SCMB | 64d59d | 106d122d | 189d275d | n/an/a |
Trading data
JMHI | SCMB | |
Last sale 9/3/2026 at 1:30 PM | $48.83 | $24.88 |
| Previous close 09/02/2026 | $48.97 | $24.95 |
| 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 September 4, 2026
1-year trailing difference
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JMHI
is actively managed and doesn’t replicate an indexJMHI | SCMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
JMHI | SCMB | |
|---|---|---|
| Last price | $48.83 | $24.88 |
| 1D performance | -0.28% | -0.28% |
| AuM | $293.06 M | $4.15 B |
| E/R | 0.58% | 0.03% |
Characteristics
JMHI | SCMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Schwab ETFs |
| Benchmark | - | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 125 | 319 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2023 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
JMHI
USA
58.76%
Other
41.24%
SCMB
USA
60.28%
Other
39.72%
Sectors
JMHI
Municipal
56.4%
Other
43.6%
SCMB
Municipal
60.28%
Other
39.72%
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Diversification
JMHI
Total weight of top 15 holdings out of 15
17.15%
SCMB
Total weight of top 15 holdings out of 15
8.71%
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%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.46%
Massachusetts, 5% 1nov2043, USD (2017)
0.67%
Pennsylvania, 4% 1mar2036, USD
0.66%
University of California, 5% 15nov2040, USD (2026)
0.59%
US64972GA612
0.57%
California, 5.25% 1sep2047, USD
0.56%
US93974EEM49
0.55%
Northwest Independent School District, 5% 15feb2055, USD (2025)
0.55%
University of California, 5% 15nov2035, USD (2026)
0.45%
US68607DXA89
0.45%
US74265L3A45
0.44%
US544647HQ66
0.44%
US592112XL58
0.44%
City of New York, 5% 1aug2032, USD (2022)
0.44%
US709225GV28
0.44%
Frequently asked questions about JMHI and SCMB
How have the JMHI and SCMB ETFs performed in 2026?
As of September 2, 2026, JMHI is up 0.32% year-to-date (YTD), while SCMB has lost -0.67%. That puts JMHI better performer ahead so far this year.
Which ETF is attracting more investor money: JMHI or SCMB?
Year-to-date, the JMHI ETF saw +$60M in flows, compared to +$1.53B for SCMB.
Which ETF is more volatile: JMHI or SCMB?
Over the past year, JMHI had a volatility of 2.81%, while SCMB experienced 2.57%.
Which ETF is bigger: JMHI or SCMB?
As of September 2, 2026, JMHI holds $293.06 M in assets under management (AUM), while SCMB manages $4.15 B.
What sectors do the JMHI and SCMB ETFs invest in?
JMHI leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the JMHI ETF and SCMB 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). SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), Massachusetts, 5% 1nov2043, USD (2017) and Pennsylvania, 4% 1mar2036, USD.
Which ETF is more diversified: JMHI or SCMB?
JMHI holds 237 securities with 17.15% of its assets in the top 15. SCMB has 541 securities and a top 15 weight of 8.71%.
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