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JMSTvsVMBSETF Comparison

ETF 1

JMST

JPMorgan Ultra-Short Municipal Income ETF

This fund is part of

Municipal Bonds

-0.69%

Full JMST fund page

VS

ETF 2

VMBS

Vanguard Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.7%

Full VMBS fund page

JPMorgan Ultra-Short Municipal Income ETF (JMST) belongs to the Municipal Bonds segment. Vanguard Mortgage-Backed Securities ETF (VMBS) is part of the MBS & ABS segment. JMST's top 2 sector exposures are Municipal and Sovereign. In contrast, VMBS's top sector exposures are Industrials, Finance and Government Agencies. JMST is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.03% for VMBS. JMST is up 1.36% year-to-date (YTD) with +$1.07B in YTD flows. VMBS performs worse with -1.53% YTD performance, and +$1.43B in YTD flows. Run a side-by-side ETF comparison of JMST and VMBS 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 VMBS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JMST VMBS	-0.02%-1.12%	+0.31%-1.35%	+1.36%-1.53%	+2.03%-0.06%	+9.77%+13.74%	+12.17%-0.13%
Flows	JMST VMBS	+$297M+$356M	+$933M+$713M	+$1.07B+$1.43B	+$2.82B+$1.33B	+$4.88B-$727M	+$5.32B+$3.08B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JMST VMBS	+0.40%+4.49%	+0.34%+3.87%	+0.41%+5.51%	+0.43%+6.44%
Max drawdown	JMST VMBS	-0.16%-2.38%	-0.16%-3.49%	-0.46%-5.47%	-0.93%-16.91%
Max drawdown duration	JMST VMBS	10d73d	10d193d	29d75d	435d1459d

Trading data

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	JMST	VMBS
Last sale 9/10/2026 at 1:30 PM		$45.38
Previous close 09/10/2026		$45.71
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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JMST

is actively managed and doesn’t replicate an index

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	JMST	VMBS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/10/2026 at 1:30 PM

Live

Closed

	JMST	VMBS
Last price	–	$45.38
1D performance	–	-0.72%
AuM	$7.43 B	$15.71 B
E/R	0.18%	0.03%

Characteristics

	JMST	VMBS
Management strategy	Active	Passive
Provider	J.P. Morgan Asset Management	Vanguard
Benchmark	-	Bloomberg U.S. MBS Float Adjusted Index
N° of holdings	523	701
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	October 16, 2018	November 19, 2009
ESG	No	No

More JMST data on Trackinsight

More VMBS data on Trackinsight

Exposure

Countries

JMST

USA

27.09%

Other

72.91%

VMBS

USA

26.52%

Other

73.48%

Sectors

JMST

Municipal

24.94%

Other

75.06%

VMBS

Industrials

26.09%

Other

73.91%

Diversification

JMST

Total weight of top 15 holdings out of 15

12.23%

VMBS

Total weight of top 15 holdings out of 15

3.98%

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%

VMBS

US21H0526861

0.38%

G2 MB0025, 5% 20nov2054, USD (ABS)

0.29%

US3618N56H72

0.29%

US01F0506927

0.28%

US3618N6K636

0.27%

US3140Y9B864

0.27%

US3618N6BE68

0.27%

G2 MB0024, 4.5% 20nov2054, USD (ABS)

0.26%

US3132E0TL66

0.25%

US3142J6DY61

0.25%

US3618N6HU47

0.24%

FR SD8146, 2% 1may2051, USD (ABS)

0.24%

US3618N6FL65

0.23%

US3142J6C840

0.23%

FR RQ0056, 5.5% 1oct2055, USD (ABS)

0.22%

Frequently asked questions about JMST and VMBS

How have the JMST and VMBS ETFs performed in 2026?

As of September 10, 2026, JMST is up 1.36% year-to-date (YTD), while VMBS has lost -1.53%. That puts JMST better performer ahead so far this year.

Which ETF is attracting more investor money: JMST or VMBS?

Year-to-date, the JMST ETF saw +$1.07B in flows, compared to +$1.43B for VMBS.

Which ETF is more volatile: JMST or VMBS?

Over the past year, JMST had a volatility of 0.34%, while VMBS experienced 3.87%.

Which ETF is bigger: JMST or VMBS?

As of September 10, 2026, JMST holds $7.43 B in assets under management (AUM), while VMBS manages $15.71 B.

What sectors do the JMST and VMBS ETFs invest in?

JMST leans toward sectors like Municipal. Meanwhile, VMBS focuses on Industrials.

What are the top holdings of the JMST ETF and VMBS ETF?

JMST top holdings include USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10. VMBS holds in its top three: US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72.

JMSTvsVMBSETF Comparison

JPMorgan Ultra-Short Municipal Income ETF

Vanguard Mortgage-Backed Securities ETF

JMST vs VMBS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the JMST and VMBS ETFs performed in 2026?

As of September 10, 2026, JMST is up 1.36% year-to-date (YTD), while VMBS has lost -1.53%. That puts JMST better performer ahead so far this year.

Which ETF is attracting more investor money: JMST or VMBS?

Year-to-date, the JMST ETF saw +$1.07B in flows, compared to +$1.43B for VMBS.

Which ETF is more volatile: JMST or VMBS?

Over the past year, JMST had a volatility of 0.34%, while VMBS experienced 3.87%.

Which ETF is bigger: JMST or VMBS?

As of September 10, 2026, JMST holds $7.43 B in assets under management (AUM), while VMBS manages $15.71 B.

What sectors do the JMST and VMBS ETFs invest in?

JMST leans toward sectors like Municipal. Meanwhile, VMBS focuses on Industrials.

What are the top holdings of the JMST ETF and VMBS ETF?

JMST top holdings include USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10. VMBS holds in its top three: US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72.

Which ETF is more diversified: JMST or VMBS?

JMST holds 1623 securities with 12.23% of its assets in the top 15. VMBS has 5140 securities and a top 15 weight of 3.98%.

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