JMSIvsPVIETF Comparison
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JPMorgan Sustainable Municipal Income ETF (JMSI) belongs to the Multiple Trends segment. Invesco VRDO Tax-Free ETF (PVI) is part of the Municipal Bonds segment. JMSI's top 2 sector exposures are Municipal and Sovereign. In contrast, PVI's top sector exposures are Municipal. JMSI is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.25% for PVI. JMSI is down -1.67% year-to-date (YTD) with +$48M in YTD flows. PVI performs better with 1.29% YTD performance, and -$3K in YTD flows. Run a side-by-side ETF comparison of JMSI and PVI 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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JMSI vs PVI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMSI PVI | -2.38%+0.18% | -2.74%+0.53% | -1.67%+1.29% | +0.20%+2.08% | +9.34%+7.53% | n/a+10.21% |
| Flows | JMSI PVI | +$3M- | +$8M-$2M | +$48M-$3K | +$75M-$3K | +$160M-$9M | --$19M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMSI PVI | +2.89%+0.09% | +2.39%+0.15% | +3.25%+0.13% | n/a+0.14% |
| Max drawdown | JMSI PVI | -3.30%n/a | -3.54%n/a | -4.08%n/a | n/a-0.09% |
| Max drawdown duration | JMSI PVI | 66dn/a | 193dn/a | 270dn/a | n/a282d |
Trading data
JMSI | PVI | |
Last sale 9/10/2026 at 1:30 PM | $48.05 | $24.86 |
| Previous close 09/10/2026 | $48.48 | $24.83 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 11, 2026
1-year trailing difference
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JMSI
is actively managed and doesn’t replicate an indexJMSI | PVI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
JMSI | PVI | |
|---|---|---|
| Last price | $48.05 | $24.86 |
| 1D performance | -0.88% | +0.12% |
| AuM | $376.78 M | $31.04 M |
| E/R | 0.5% | 0.25% |
Characteristics
JMSI | PVI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Invesco |
| Benchmark | - | ICE US Municipal AMT-Free VRDO Constrained Index |
| N° of holdings | 102 | 44 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2023 | November 15, 2007 |
| ESG | Yes | No |
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Exposure
Countries
JMSI
USA
37.54%
Other
62.46%
PVI
USA
37.26%
Other
62.74%
Sectors
JMSI
Municipal
35.09%
Other
64.91%
PVI
Municipal
37.26%
Other
62.74%
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Diversification
JMSI
Total weight of top 15 holdings out of 15
15.65%
PVI
Total weight of top 15 holdings out of 15
33.32%
Top 15 holdings
Data as of July 31, 2026
JMSI
USA, Bills 0% 11aug2026, USD (119D)
2.45%
US64972GC444
1.69%
US25484JDJ60
1.19%
Texas Water Development Board, 4% 15oct2044, USD (2019A)
1.07%
US650860AZ26
1.05%
US64972GR970
1.03%
Peace River/Manasota Regional Water Supply Authority, 5.25% 1oct2045, USD (2025A)
0.98%
US71783DDS18
0.87%
US161045RK79
0.85%
US13013JHG40
0.79%
US928103BH24
0.78%
US89602HHW07
0.75%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.74%
US5920983E56
0.72%
City of El Paso, 5% 1mar2041, USD (2026)
0.69%
PVI
US64972GAS30
4.45%
US64966TAF12
3.89%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.27%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US44244CN944
1.62%
US405815HE45
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.56%
US87638QSH38
1.46%
Frequently asked questions about JMSI and PVI
How have the JMSI and PVI ETFs performed in 2026?
As of September 10, 2026, JMSI is down -1.67% year-to-date (YTD), while PVI has returned 1.29%. That puts PVI better performer ahead so far this year.
Which ETF is attracting more investor money: JMSI or PVI?
Year-to-date, the JMSI ETF saw +$48M in flows, compared to -$3K for PVI.
Which ETF is more volatile: JMSI or PVI?
Over the past year, JMSI had a volatility of 2.39%, while PVI experienced 0.15%.
Which ETF is bigger: JMSI or PVI?
As of September 10, 2026, JMSI holds $376.78 M in assets under management (AUM), while PVI manages $31.04 M.
What sectors do the JMSI and PVI ETFs invest in?
JMSI leans toward sectors like Municipal. Meanwhile, PVI focuses on Municipal.
What are the top holdings of the JMSI ETF and PVI ETF?
JMSI top holdings include USA, Bills 0% 11aug2026, USD (119D), US64972GC444 and US25484JDJ60. PVI holds in its top three: US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B).
Which ETF is more diversified: JMSI or PVI?
JMSI holds 298 securities with 15.65% of its assets in the top 15. PVI has 147 securities and a top 15 weight of 33.32%.
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