JMUBvsJMSTETF Comparison
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JPMorgan Municipal ETF (JMUB) and JPMorgan Ultra-Short Municipal Income ETF (JMST) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 3 sector exposures: and Municipal. Both JMUB and JMST have the same Total Expense Ratio (TER) of 0.18%. JMUB is up 0.09% year-to-date (YTD) with +$854M in YTD flows. JMST performs better with 0.56% YTD performance, and -$482K in YTD flows. Run a side-by-side ETF comparison of JMUB and JMST 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 JMST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JMUB JMST | -1.54%-0.04% | +0.06%+0.54% | +0.09%+0.56% | +3.89%+2.99% | +9.83%+10.00% | +6.10%+11.46% |
| Flows | JMUB JMST | +$341M+$234M | +$854M-$482K | +$854M-$482K | +$4.79B+$2.83B | +$6.90B+$3.87B | +$7.26B+$4.80B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JMUB JMST | +2.49%+0.38% | +3.66%+0.47% | +3.22%+0.42% | +3.08%+0.42% |
| Max drawdown | JMUB JMST | -2.48%-0.15% | -3.74%-0.46% | -5.08%-0.46% | -12.24%-0.94% |
| Max drawdown duration | JMUB JMST | 32d16d | 150d29d | 230d29d | 1131d491d |
Trading data
JMUB | JMST | |
Last sale 4/2/2026 at 1:30 PM | $50.12 | $50.91 |
| Previous close 04/02/2026 | $50.01 | $50.91 |
| Consolidated volume 04/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
JMUB | JMST | |
|---|---|---|
| Last price | $50.12 | $50.91 |
| 1D performance | +0.22% | +0.00% |
| AuM | $7.29 B | $6.38 B |
| E/R | 0.18% | 0.18% |
Characteristics
JMUB | JMST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 227 | 437 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 29, 2018 | October 16, 2018 |
| ESG | No | No |
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Exposure
Countries
JMUB
USA
99.98%
Other
0.02%
JMST
USA
100%
Other
-0%
Sectors
JMUB
Municipal
15.88%
Other
84.12%
JMST
Municipal
8.92%
Other
91.08%
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Diversification
JMUB
Total weight of top 15 holdings out of 15
8.16%
JMST
Total weight of top 15 holdings out of 15
12.68%
Top 15 holdings
Data as of February 28, 2026
JMUB
US13013JHM18
1.08%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.68%
US20775DYT35
0.62%
US13013JHG40
0.61%
US917393CY40
0.54%
US09182TEN37
0.53%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.52%
US542691KA76
0.52%
Main Street Natural Gas, 5% 1dec2052, USD (2022B)
0.49%
US45204FMB84
0.45%
US65820BBC90
0.44%
US13013JAP12
0.43%
US79625GNT66
0.42%
US23503CFK80
0.41%
US134340AB45
0.41%
JMST
US64972GZB30
1.23%
US93974FDR10
1.11%
US60412A2K82
0.95%
US89602RPE98
0.90%
US9788624C19
0.86%
US57421CHW73
0.85%
US87638TEH23
0.81%
US407287MX65
0.81%
US64966SMP82
0.76%
US44244CN944
0.76%
US57584Y8K87
0.76%
US64971XED66
0.76%
US1098536R78
0.72%
US7092248P76
0.72%
US4080543W28
0.71%
Frequently asked questions about JMUB and JMST
How have the JMUB and JMST ETFs performed in 2026?
As of April 2, 2026, JMUB is up 0.09% year-to-date (YTD), while JMST has returned 0.56%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: JMUB or JMST?
Year-to-date, the JMUB ETF saw +$854M in flows, compared to -$482K for JMST.
Which ETF is more volatile: JMUB or JMST?
Over the past year, JMUB had a volatility of 3.66%, while JMST experienced 0.47%.
Which ETF is bigger: JMUB or JMST?
As of April 2, 2026, JMUB holds $7.29 B in assets under management (AUM), while JMST manages $6.38 B.
What sectors do the JMUB and JMST ETFs invest in?
JMUB leans toward sectors like Municipal. Meanwhile, JMST focuses on Municipal.
What are the top holdings of the JMUB ETF and JMST ETF?
JMUB top holdings include US13013JHM18, Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2) and US20775DYT35. JMST holds in its top three: US64972GZB30, US93974FDR10 and US60412A2K82.
Which ETF is more diversified: JMUB or JMST?
JMUB holds 1831 securities with 8.16% of its assets in the top 15. JMST has 1572 securities and a top 15 weight of 12.68%.
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