JMSTvsFTMHETF Comparison
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JPMorgan Ultra-Short Municipal Income ETF (JMST) and Franklin Municipal High Yield ETF (FTMH) belong to the same industry segment: Municipal Bonds. JMST's top 2 sector exposures are Municipal and Sovereign. In contrast, FTMH's top sector exposures are Municipal. JMST is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.35% for FTMH. JMST is up 1.37% year-to-date (YTD) with +$1.07B in YTD flows. FTMH performs worse with -2.76% YTD performance, and +$45M in YTD flows. Run a side-by-side ETF comparison of JMST and FTMH 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 FTMH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMST FTMH | -0.02%-3.45% | +0.32%-4.60% | +1.37%-2.76% | +2.02%n/a | +9.78%n/a | +12.16%n/a |
| Flows | JMST FTMH | +$290M+$7M | +$898M+$8M | +$1.07B+$45M | +$2.82B- | +$4.88B- | +$5.31B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMST FTMH | +0.40%+4.85% | +0.34%n/a | +0.40%n/a | +0.43%n/a |
| Max drawdown | JMST FTMH | -0.16%-6.01% | -0.16%n/a | -0.46%n/a | -0.93%n/a |
| Max drawdown duration | JMST FTMH | 11d73d | 11dn/a | 29dn/a | 435dn/a |
Trading data
JMST | FTMH | |
Last sale 9/11/2026 at 1:30 PM | $11.20 | |
| Previous close 09/10/2026 | $11.15 | |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
JMST | FTMH | |
|---|---|---|
| Last price | – | $11.20 |
| 1D performance | – | +0.45% |
| AuM | $7.43 B | $564.00 M |
| E/R | 0.18% | 0.35% |
Characteristics
JMST | FTMH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 523 | 96 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 16, 2018 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
JMST
USA
27.09%
Other
72.91%
FTMH
USA
26.88%
Other
73.12%
Sectors
JMST
Municipal
24.94%
Other
75.06%
FTMH
Municipal
26.88%
Other
73.12%
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Diversification
JMST
Total weight of top 15 holdings out of 15
12.23%
FTMH
Total weight of top 15 holdings out of 15
13.99%
Top 15 holdings
Data as of July 31, 2026
JMST
USA, Bills 0% 11aug2026, USD (119D)
2.16%
US64972GZB30
0.98%
US93974FDR10
0.85%
US01170PBW59
0.81%
US60412A2K82
0.74%
US424092HZ03
0.71%
US644894QC44
0.68%
US6492284K61
0.68%
US9788624C19
0.68%
US57421CHW73
0.68%
US650860AZ26
0.67%
US543077YT22
0.67%
US083773EE76
0.65%
US87638TEH23
0.64%
District of Columbia, FRN 1jun2051, USD (2026C)
0.64%
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.65%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.29%
US389526AJ35
1.00%
Puerto Rico, 4% 1jul2041, USD
0.99%
US57420VSP93
0.97%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.96%
Detroit, 4% 1apr2044, USD
0.89%
US650116GY64
0.84%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.84%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.81%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.80%
US51404PAK57
0.77%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
US88035RDN17
0.73%
US88035UPA96
0.72%
Frequently asked questions about JMST and FTMH
How have the JMST and FTMH ETFs performed in 2026?
As of September 11, 2026, JMST is up 1.37% year-to-date (YTD), while FTMH has lost -2.76%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: JMST or FTMH?
Year-to-date, the JMST ETF saw +$1.07B in flows, compared to +$45M for FTMH.
Which ETF is bigger: JMST or FTMH?
As of September 11, 2026, JMST holds $7.43 B in assets under management (AUM), while FTMH manages $564.00 M.
What sectors do the JMST and FTMH ETFs invest in?
JMST leans toward sectors like Municipal. Meanwhile, FTMH focuses on Municipal.
What are the top holdings of the JMST ETF and FTMH ETF?
JMST top holdings include USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10. FTMH holds in its top three: New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35.
Which ETF is more diversified: JMST or FTMH?
JMST holds 1623 securities with 12.23% of its assets in the top 15. FTMH has 495 securities and a top 15 weight of 13.99%.
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