JMSIvsTAXIETF Comparison
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JPMorgan Sustainable Municipal Income ETF (JMSI) belongs to the Multiple Trends segment. Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) is part of the Municipal Bonds segment. JMSI's top 2 sector exposures are Municipal and Sovereign. In contrast, TAXI's top sector exposures are Municipal. JMSI is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.05% for TAXI. JMSI is down -0.94% year-to-date (YTD) with +$53M in YTD flows. TAXI performs better with -0.42% YTD performance, and +$121M in YTD flows. Run a side-by-side ETF comparison of JMSI and TAXI 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 TAXI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMSI TAXI | -1.66%-1.07% | -2.13%-1.40% | -0.94%-0.42% | +1.25%+1.86% | +10.15%n/a | n/an/a |
| Flows | JMSI TAXI | +$7M+$3M | +$12M+$54M | +$53M+$121M | +$80M+$164M | +$165M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMSI TAXI | +2.52%+1.81% | +2.29%+1.68% | +3.23%n/a | n/an/a |
| Max drawdown | JMSI TAXI | -2.58%-1.72% | -2.83%-2.18% | -4.08%n/a | n/an/a |
| Max drawdown duration | JMSI TAXI | 65d65d | 192d192d | 270dn/a | n/an/a |
Trading data
JMSI | TAXI | |
Last sale 9/10/2026 at 1:30 PM | $48.05 | $49.90 |
| Previous close 09/09/2026 | $48.48 | $50.14 |
| Consolidated volume 09/09/2026 | ||
| 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 | TAXI | |
|---|---|---|
| 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 | TAXI | |
|---|---|---|
| Last price | $48.05 | $49.90 |
| 1D performance | -0.88% | -0.48% |
| AuM | $384.44 M | $169.32 M |
| E/R | 0.5% | 0.05% |
Characteristics
JMSI | TAXI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Northern Trust |
| Benchmark | - | ICE Intermediate Term Focused Municipal Bond Index |
| N° of holdings | 102 | 929 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2023 | August 19, 2025 |
| ESG | Yes | No |
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Exposure
Countries
JMSI
USA
37.54%
Other
62.46%
TAXI
USA
39.41%
Other
60.59%
Sectors
JMSI
Municipal
35.09%
Other
64.91%
TAXI
Municipal
39.41%
Other
60.59%
Diversification
JMSI
Total weight of top 15 holdings out of 15
15.65%
TAXI
Total weight of top 15 holdings out of 15
2.53%
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%
TAXI
US64972GU289
0.30%
US56879EHE23
0.17%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.16%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.16%
State of Washington, 5% 1jun2040, USD (2026F)
0.16%
US49151HBK14
0.16%
US64972JB721
0.16%
US79467BKE47
0.16%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.16%
US09182TJE82
0.16%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.16%
US13013JGF75
0.16%
US915183Z598
0.15%
US09182TCG04
0.15%
US292723AY90
0.15%
Frequently asked questions about JMSI and TAXI
How have the JMSI and TAXI ETFs performed in 2026?
As of September 9, 2026, JMSI is down -0.94% year-to-date (YTD), while TAXI has lost -0.42%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: JMSI or TAXI?
Year-to-date, the JMSI ETF saw +$53M in flows, compared to +$121M for TAXI.
Which ETF is more volatile: JMSI or TAXI?
Over the past year, JMSI had a volatility of 2.29%, while TAXI experienced 1.68%.
Which ETF is bigger: JMSI or TAXI?
As of September 9, 2026, JMSI holds $384.44 M in assets under management (AUM), while TAXI manages $169.32 M.
What sectors do the JMSI and TAXI ETFs invest in?
JMSI leans toward sectors like Municipal. Meanwhile, TAXI focuses on Municipal.
What are the top holdings of the JMSI ETF and TAXI ETF?
JMSI top holdings include USA, Bills 0% 11aug2026, USD (119D), US64972GC444 and US25484JDJ60. TAXI holds in its top three: US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1).
Which ETF is more diversified: JMSI or TAXI?
JMSI holds 298 securities with 15.65% of its assets in the top 15. TAXI has 2530 securities and a top 15 weight of 2.53%.
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Latest news about JMSI & TAXI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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