JMHIvsVTELETF Comparison
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JPMorgan High Yield Municipal ETF (JMHI) and Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) belong to the same industry segment: Municipal Bonds. JMHI's top 2 sector exposures are Municipal and Sovereign. In contrast, VTEL's top sector exposures are Municipal. JMHI is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.09% for VTEL. JMHI is up 0.28% year-to-date (YTD) with +$57M in YTD flows. VTEL performs worse with -0.8% YTD performance, and +$196M in YTD flows. Run a side-by-side ETF comparison of JMHI and VTEL 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 VTEL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMHI VTEL | -0.67%-1.30% | -1.28%-2.49% | +0.28%-0.80% | +4.17%+4.97% | +14.69%n/a | n/an/a |
| Flows | JMHI VTEL | +$2M+$43M | +$20M+$92M | +$57M+$196M | +$77M+$296M | +$74M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMHI VTEL | +3.05%+3.52% | +2.81%+3.34% | +4.25%n/a | n/an/a |
| Max drawdown | JMHI VTEL | -2.43%-3.62% | -2.62%-3.62% | -5.46%n/a | n/an/a |
| Max drawdown duration | JMHI VTEL | 63d57d | 106d57d | 189dn/a | n/an/a |
Trading data
JMHI | VTEL | |
Last sale 9/2/2026 at 1:30 PM | $48.97 | $100.02 |
| Previous close 09/01/2026 | $48.99 | $100.08 |
| Consolidated volume 09/01/2026 | ||
| 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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JMHI
is actively managed and doesn’t replicate an indexJMHI | VTEL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
JMHI | VTEL | |
|---|---|---|
| Last price | $48.97 | $100.02 |
| 1D performance | -0.04% | -0.06% |
| AuM | $290.49 M | $362.54 M |
| E/R | 0.58% | 0.09% |
Characteristics
JMHI | VTEL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Vanguard |
| Benchmark | - | S&P 10+ Year National AMT-Free Municipal Bond Index |
| N° of holdings | 125 | 2271 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2023 | May 20, 2025 |
| ESG | No | No |
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Exposure
Countries
JMHI
USA
58.76%
Other
41.24%
VTEL
USA
58.08%
Other
41.92%
Sectors
JMHI
Municipal
56.4%
Other
43.6%
VTEL
Municipal
58.08%
Other
41.92%
Diversification
JMHI
Total weight of top 15 holdings out of 15
17.15%
VTEL
Total weight of top 15 holdings out of 15
1.86%
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%
VTEL
California, 5% 1aug2050, USD
0.16%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.15%
US64972JN619
0.15%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.13%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.13%
US64972JDG04
0.13%
California, 5% 1aug2042, USD
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
New Jersey Turnpike Authority, 5% 1jan2052, USD (2026)
0.12%
New York Urban Development Corp., 5% 15mar2043, USD (2020C)
0.11%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.11%
New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B)
0.11%
Tampa-Hillsborough Expressway Authority, 5% 1jul2047, USD (2017)
0.11%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.10%
Los Angeles Department of Water and Power, 5% 1jul2042, USD
0.10%
Frequently asked questions about JMHI and VTEL
How have the JMHI and VTEL ETFs performed in 2026?
As of September 1, 2026, JMHI is up 0.28% year-to-date (YTD), while VTEL has lost -0.8%. That puts JMHI better performer ahead so far this year.
Which ETF is attracting more investor money: JMHI or VTEL?
Year-to-date, the JMHI ETF saw +$57M in flows, compared to +$196M for VTEL.
Which ETF is more volatile: JMHI or VTEL?
Over the past year, JMHI had a volatility of 2.81%, while VTEL experienced 3.34%.
Which ETF is bigger: JMHI or VTEL?
As of September 1, 2026, JMHI holds $290.49 M in assets under management (AUM), while VTEL manages $362.54 M.
What sectors do the JMHI and VTEL ETFs invest in?
JMHI leans toward sectors like Municipal. Meanwhile, VTEL focuses on Municipal.
What are the top holdings of the JMHI ETF and VTEL 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). VTEL holds in its top three: California, 5% 1aug2050, USD, Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A) and US64972JN619.
Which ETF is more diversified: JMHI or VTEL?
JMHI holds 237 securities with 17.15% of its assets in the top 15. VTEL has 4397 securities and a top 15 weight of 1.86%.
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