JMSTvsFTMSETF Comparison
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JPMorgan Ultra-Short Municipal Income ETF (JMST) and Franklin Short-Term Municipal Income ETF (FTMS) belong to the same industry segment: Municipal Bonds. JMST's top 2 sector exposures are Municipal and Sovereign. In contrast, FTMS's top sector exposures are Municipal. JMST is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.22% for FTMS. JMST is up 1.89% year-to-date (YTD) with +$1.85B in YTD flows. FTMS performs worse with -0.34% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of JMST and FTMS 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 FTMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMST FTMS | +0.96%+1.60% | +0.65%-0.51% | +1.89%-0.34% | +2.44%+0.41% | +10.20%n/a | +12.83%n/a |
| Flows | JMST FTMS | +$597M+$36M | +$1.14B+$56M | +$1.85B+$84M | +$3.09B+$87M | +$5.73B- | +$6.00B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMST FTMS | +0.78%+2.15% | +0.49%+1.45% | +0.44%n/a | +0.46%n/a |
| Max drawdown | JMST FTMS | -0.60%-2.29% | -0.60%-3.19% | -0.60%n/a | -0.92%n/a |
| Max drawdown duration | JMST FTMS | 45d74d | 45d242d | 45dn/a | 337dn/a |
Trading data
JMST | FTMS | |
Last sale 10/27/2026 at 1:30 PM | $9.85 | |
| Previous close 10/26/2026 | $9.86 | |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
JMST | FTMS | |
|---|---|---|
| Last price | – | $9.85 |
| 1D performance | – | -0.10% |
| AuM | $8.24 B | $245.13 M |
| E/R | 0.18% | 0.22% |
Characteristics
JMST | FTMS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 483 | 47 |
| 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
25.31%
Other
74.69%
FTMS
USA
24.57%
Other
75.43%
Sectors
JMST
Municipal
24.23%
Other
75.77%
FTMS
Municipal
24.57%
Other
75.43%
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Diversification
JMST
Total weight of top 15 holdings out of 15
11.08%
FTMS
Total weight of top 15 holdings out of 15
16.97%
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%
FTMS
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
1.45%
US091097AA35
1.31%
US69068WAD56
1.20%
US81640AAB98
1.18%
Main Street Natural Gas Inc., 4% 1jul2052, USD (2021A)
1.16%
California State University, 0.55% 1nov2049, USD (2016B-2)
1.13%
US686865AR74
1.11%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.09%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.06%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.06%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.05%
US717883J787
1.05%
Newark, 4.25% 5may2027, USD (2026)
1.05%
US352410CV42
1.04%
US773661AB90
1.04%
Frequently asked questions about JMST and FTMS
How have the JMST and FTMS ETFs performed in 2026?
As of October 26, 2026, JMST is up 1.89% year-to-date (YTD), while FTMS has lost -0.34%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: JMST or FTMS?
Year-to-date, the JMST ETF saw +$1.85B in flows, compared to +$84M for FTMS.
Which ETF is more volatile: JMST or FTMS?
Over the past year, JMST had a volatility of 0.49%, while FTMS experienced 1.45%.
Which ETF is bigger: JMST or FTMS?
As of October 26, 2026, JMST holds $8.24 B in assets under management (AUM), while FTMS manages $245.13 M.
What sectors do the JMST and FTMS ETFs invest in?
JMST leans toward sectors like Municipal. Meanwhile, FTMS focuses on Municipal.
What are the top holdings of the JMST ETF and FTMS ETF?
JMST top holdings include USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10. FTMS holds in its top three: Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56.
Which ETF is more diversified: JMST or FTMS?
JMST holds 1542 securities with 11.08% of its assets in the top 15. FTMS has 253 securities and a top 15 weight of 16.97%.
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