JMHIvsVTESETF Comparison
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JPMorgan High Yield Municipal ETF (JMHI) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES) belong to the same industry segment: Municipal Bonds. JMHI's top 2 sector exposures are Municipal and Sovereign. In contrast, VTES's top sector exposures are Municipal. JMHI is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.05% for VTES. JMHI is up 0.28% year-to-date (YTD) with +$57M in YTD flows. VTES performs better with 0.62% YTD performance, and +$833M in YTD flows. Run a side-by-side ETF comparison of JMHI and VTES 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 VTES 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 VTES | -0.67%+0.13% | -1.28%+0.01% | +0.28%+0.62% | +4.17%+1.62% | +14.69%+9.48% | n/an/a |
| Flows | JMHI VTES | +$2M+$201M | +$20M+$441M | +$57M+$833M | +$77M+$1.12B | +$74M+$2.22B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMHI VTES | +3.05%+1.14% | +2.81%+1.11% | +4.25%+1.48% | n/an/a |
| Max drawdown | JMHI VTES | -2.43%-0.77% | -2.62%-1.38% | -5.46%-1.81% | n/an/a |
| Max drawdown duration | JMHI VTES | 63d57d | 106d187d | 189d59d | n/an/a |
Trading data
JMHI | VTES | |
Last sale 9/2/2026 at 1:30 PM | $48.97 | $100.35 |
| Previous close 09/01/2026 | $48.99 | $100.36 |
| 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 | VTES | |
|---|---|---|
| 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 | VTES | |
|---|---|---|
| Last price | $48.97 | $100.35 |
| 1D performance | -0.04% | -0.00% |
| AuM | $290.49 M | $2.41 B |
| E/R | 0.58% | 0.05% |
Characteristics
JMHI | VTES | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Vanguard |
| Benchmark | - | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 125 | 1686 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2023 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
JMHI
USA
58.76%
Other
41.24%
VTES
USA
59.38%
Other
40.62%
Sectors
JMHI
Municipal
56.4%
Other
43.6%
VTES
Municipal
59.38%
Other
40.62%
Diversification
JMHI
Total weight of top 15 holdings out of 15
17.15%
VTES
Total weight of top 15 holdings out of 15
3.27%
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%
VTES
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.46%
US64972JQM35
0.25%
US13063ENN21
0.22%
Illinois, 5% 1nov2027, USD (2017D)
0.22%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.21%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.21%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.21%
New Jersey, 5% 1jun2029, USD
0.20%
New Jersey, 5% 1jun2028, USD
0.20%
New Jersey Transportation Trust Fund Authority, 5% 15jun2028, USD
0.20%
California, 5.25% 1aug2032, USD
0.18%
Wyandotte Unified School District №500, 5.25% 1sep2042, USD (2016-A)
0.18%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.18%
New Jersey, 4% 1jun2030, USD
0.17%
US544647HQ66
0.17%
Frequently asked questions about JMHI and VTES
How have the JMHI and VTES ETFs performed in 2026?
As of September 1, 2026, JMHI is up 0.28% year-to-date (YTD), while VTES has returned 0.62%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: JMHI or VTES?
Year-to-date, the JMHI ETF saw +$57M in flows, compared to +$833M for VTES.
Which ETF is more volatile: JMHI or VTES?
Over the past year, JMHI had a volatility of 2.81%, while VTES experienced 1.11%.
Which ETF is bigger: JMHI or VTES?
As of September 1, 2026, JMHI holds $290.49 M in assets under management (AUM), while VTES manages $2.41 B.
What sectors do the JMHI and VTES ETFs invest in?
JMHI leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the JMHI ETF and VTES 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). VTES holds in its top three: North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21.
Which ETF is more diversified: JMHI or VTES?
JMHI holds 237 securities with 17.15% of its assets in the top 15. VTES has 3414 securities and a top 15 weight of 3.27%.
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