JMSTvsFTMSETF Comparison
VS
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 1.36% year-to-date (YTD) with +$1.07B in YTD flows. FTMS performs worse with -0.64% YTD performance, and +$38M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
JMST vs FTMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMST FTMS | -0.02%-0.87% | +0.31%-1.09% | +1.36%-0.64% | +2.03%n/a | +9.77%n/a | +12.17%n/a |
| Flows | JMST FTMS | +$297M+$6M | +$933M+$17M | +$1.07B+$38M | +$2.82B- | +$4.88B- | +$5.32B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMST FTMS | +0.40%+1.55% | +0.34%n/a | +0.41%n/a | +0.43%n/a |
| Max drawdown | JMST FTMS | -0.16%-1.35% | -0.16%n/a | -0.46%n/a | -0.93%n/a |
| Max drawdown duration | JMST FTMS | 10d72d | 10dn/a | 29dn/a | 435dn/a |
Trading data
JMST | FTMS | |
Last sale 9/10/2026 at 1:30 PM | $9.80 | |
| Previous close 09/10/2026 | $9.85 | |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
JMST | FTMS | |
|---|---|---|
| Last price | – | $9.80 |
| 1D performance | – | -0.46% |
| AuM | $7.43 B | $198.28 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 | 523 | 48 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 16, 2018 | October 24, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
JMST
USA
27.09%
Other
72.91%
FTMS
USA
26.46%
Other
73.54%
Sectors
JMST
Municipal
24.94%
Other
75.06%
FTMS
Municipal
26.46%
Other
73.54%
Advertisement
Diversification
JMST
Total weight of top 15 holdings out of 15
12.23%
FTMS
Total weight of top 15 holdings out of 15
17.73%
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%
FTMS
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
1.52%
US091097AA35
1.38%
US69068WAD56
1.26%
Main Street Natural Gas Inc., 4% 1jul2052, USD (2021A)
1.23%
California State University, 0.55% 1nov2049, USD (2016B-2)
1.19%
US686865AR74
1.16%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.14%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.13%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.11%
St. John the Baptist Parish, 3.3% 1jun2037, USD (2017)
1.11%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.11%
Newark, 4.25% 5may2027, USD (2026)
1.10%
US56035DDP42
1.10%
US773661AB90
1.10%
Southeast Energy Authority, 4% 1dec2051, USD
1.09%
Frequently asked questions about JMST and FTMS
How have the JMST and FTMS ETFs performed in 2026?
As of September 10, 2026, JMST is up 1.36% year-to-date (YTD), while FTMS has lost -0.64%. 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 +$1.07B in flows, compared to +$38M for FTMS.
Which ETF is bigger: JMST or FTMS?
As of September 10, 2026, JMST holds $7.43 B in assets under management (AUM), while FTMS manages $198.28 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% 11aug2026, USD (119D), 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 1623 securities with 12.23% of its assets in the top 15. FTMS has 245 securities and a top 15 weight of 17.73%.
Advertisement
Advertisement
