JMSTvsBKMSETF Comparison
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JPMorgan Ultra-Short Municipal Income ETF (JMST) and BNY Mellon Municipal Short Duration ETF (BKMS) belong to the same industry segment: Municipal Bonds. JMST's top 2 sector exposures are Municipal and Sovereign. In contrast, BKMS's top sector exposures are Municipal. JMST is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.35% for BKMS. Run a side-by-side ETF comparison of JMST and BKMS 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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JMST vs BKMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMST BKMS | +0.63%+0.92% | +0.64%+0.27% | +1.80%n/a | +2.37%n/a | +10.15%n/a | +12.73%n/a |
| Flows | JMST BKMS | +$618M+$27M | +$1.11B+$33M | +$1.84B- | +$3.09B- | +$5.73B- | +$5.99B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMST BKMS | +0.77%+1.83% | +0.48%n/a | +0.44%n/a | +0.46%n/a |
| Max drawdown | JMST BKMS | -0.60%-1.90% | -0.60%n/a | -0.60%n/a | -0.92%n/a |
| Max drawdown duration | JMST BKMS | 45d58d | 45dn/a | 45dn/a | 337dn/a |
Trading data
JMST | BKMS | |
Last sale 10/26/2026 at 1:50 PM | $25.30 | |
| Previous close 10/23/2026 | $25.26 | |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:50 PM
Live
Closed
JMST | BKMS | |
|---|---|---|
| Last price | – | $25.30 |
| 1D performance | – | +0.16% |
| AuM | $8.22 B | $460.28 M |
| E/R | 0.18% | 0.35% |
Characteristics
JMST | BKMS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | BNY Mellon |
| Benchmark | - | - |
| N° of holdings | 483 | 43 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 16, 2018 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
JMST
USA
25.31%
Other
74.69%
BKMS
USA
24.68%
Other
75.32%
Sectors
JMST
Municipal
24.23%
Other
75.77%
BKMS
Municipal
24.68%
Other
75.32%
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Diversification
JMST
Total weight of top 15 holdings out of 15
11.08%
BKMS
Total weight of top 15 holdings out of 15
20.5%
Top 15 holdings
Data as of August 31, 2026
JMST
USA, Bills 0% 10sep2026, USD (182D)
1.08%
US64972GZB30
0.97%
US93974FDR10
0.85%
US01170PBW59
0.80%
US60412A2K82
0.74%
US424092HZ03
0.71%
US644894QC44
0.68%
US6492284K61
0.68%
US57421CHW73
0.67%
US9788624C19
0.67%
US650860AZ26
0.66%
US543077YT22
0.66%
US083773EE76
0.64%
US87638TEH23
0.64%
District of Columbia, FRN 1jun2051, USD (2026C)
0.63%
BKMS
US762196EY54
2.31%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B)
1.85%
Southeast Energy Authority, 5% 1may2053, USD (2022)
1.76%
New York Dormitory Authority, 5% 1jul2048, USD
1.46%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-1)
1.34%
US71783TAC45
1.27%
City of New York, 5% 1aug2030, USD (2026)
1.25%
Private Colleges and Universities Authority, 5% 1sep2029, USD (2025A)
1.24%
Virginia Transportation Board, 5% 15may2031, USD (2017A)
1.19%
US899576HE55
1.18%
US593344CB87
1.17%
New York Housing Finance Agency, 3.6% 1nov2064, USD (2025)
1.17%
Rural Water Financing Agency, 2.75% 1may2028, USD (2025A)
1.15%
US803770XC53
1.11%
US45470YGD76
1.04%
Frequently asked questions about JMST and BKMS
Which ETF is bigger: JMST or BKMS?
As of October 23, 2026, JMST holds $8.22 B in assets under management (AUM), while BKMS manages $460.28 M.
What sectors do the JMST and BKMS ETFs invest in?
JMST leans toward sectors like Municipal. Meanwhile, BKMS focuses on Municipal.
What are the top holdings of the JMST ETF and BKMS ETF?
JMST top holdings include USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10. BKMS holds in its top three: US762196EY54, Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B) and Southeast Energy Authority, 5% 1may2053, USD (2022).
Which ETF is more diversified: JMST or BKMS?
JMST holds 1542 securities with 11.08% of its assets in the top 15. BKMS has 253 securities and a top 15 weight of 20.5%.
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