JMUBvsBSMWETF Comparison
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JPMorgan Municipal ETF (JMUB) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW) belong to the same industry segment: Municipal Bonds. JMUB's top 2 sector exposures are Municipal and Sovereign. In contrast, BSMW's top sector exposures are Municipal. Both JMUB and BSMW have the same Total Expense Ratio (TER) of 0.18%. JMUB is down -1.18% year-to-date (YTD) with +$2.23B in YTD flows. BSMW performs worse with -1.77% YTD performance, and +$73M in YTD flows. Run a side-by-side ETF comparison of JMUB and BSMW 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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JMUB vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMUB BSMW | -2.08%-2.44% | -2.45%-2.77% | -1.18%-1.77% | +0.16%+0.26% | +9.62%+8.04% | +2.62%n/a |
| Flows | JMUB BSMW | +$139M+$5M | +$882M+$15M | +$2.23B+$73M | +$5.04B+$100M | +$8.06B+$200M | +$8.62B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMUB BSMW | +2.85%+2.84% | +2.27%+2.37% | +3.21%+4.13% | +3.16%n/a |
| Max drawdown | JMUB BSMW | -3.21%-3.33% | -3.21%-3.77% | -4.05%-6.05% | -11.93%n/a |
| Max drawdown duration | JMUB BSMW | 67d66d | 67d193d | 270d278d | 1046dn/a |
Trading data
JMUB | BSMW | |
Last sale 9/11/2026 at 1:30 PM | $24.20 | |
| Previous close 09/10/2026 | $24.14 | |
| 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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JMUB
is actively managed and doesn’t replicate an indexJMUB | BSMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
JMUB | BSMW | |
|---|---|---|
| Last price | – | $24.20 |
| 1D performance | – | +0.26% |
| AuM | $8.43 B | $212.23 M |
| E/R | 0.18% | 0.18% |
Characteristics
JMUB | BSMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | J.P. Morgan Asset Management | Invesco |
| Benchmark | - | Invesco BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 604 | 602 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 29, 2018 | March 1, 2023 |
| ESG | No | No |
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Exposure
Countries
JMUB
USA
40.58%
Other
59.42%
BSMW
USA
41%
Other
59%
Sectors
JMUB
Municipal
39.16%
Other
60.84%
BSMW
Municipal
41%
Other
59%
Diversification
JMUB
Total weight of top 15 holdings out of 15
9.09%
BSMW
Total weight of top 15 holdings out of 15
5.34%
Top 15 holdings
Data as of July 31, 2026
JMUB
USA, Bills 0% 11aug2026, USD (119D)
1.42%
US25477GZQ18
0.74%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.72%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
0.64%
California Health Facilities Financing Authority, 5% 15aug2065, USD (2026B-3)
0.64%
US796242WD34
0.62%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.60%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.58%
US64972JP283
0.52%
US20775DYT35
0.50%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.44%
US917393CY40
0.44%
US542691KA76
0.42%
US09182TEN37
0.40%
US13013JHG40
0.40%
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.53%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.51%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.42%
University of California, 5% 15may2052, USD (2022)
0.39%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.36%
New Jersey, 4% 1jun2032, USD
0.36%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.32%
US64613CEJ36
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.30%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.29%
US13063DT817
0.29%
US01728VWU06
0.29%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.29%
Illinois Finance Authority, 5% 15aug2047, USD (2022A)
0.29%
Frequently asked questions about JMUB and BSMW
How have the JMUB and BSMW ETFs performed in 2026?
As of September 11, 2026, JMUB is down -1.18% year-to-date (YTD), while BSMW has lost -1.77%. That puts JMUB better performer ahead so far this year.
Which ETF is attracting more investor money: JMUB or BSMW?
Year-to-date, the JMUB ETF saw +$2.23B in flows, compared to +$73M for BSMW.
Which ETF is more volatile: JMUB or BSMW?
Over the past year, JMUB had a volatility of 2.27%, while BSMW experienced 2.37%.
Which ETF is bigger: JMUB or BSMW?
As of September 11, 2026, JMUB holds $8.43 B in assets under management (AUM), while BSMW manages $212.23 M.
What sectors do the JMUB and BSMW ETFs invest in?
JMUB leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the JMUB ETF and BSMW ETF?
JMUB top holdings include USA, Bills 0% 11aug2026, USD (119D), US25477GZQ18 and Black Belt Energy Gas District, 5% 1dec2034, USD (2026). BSMW holds in its top three: University of California Medical Center, 5% 15may2047, USD (2022), New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023) and US46246SAU96.
Which ETF is more diversified: JMUB or BSMW?
JMUB holds 2070 securities with 9.09% of its assets in the top 15. BSMW has 1839 securities and a top 15 weight of 5.34%.
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