JPIEvsJMSTETF Comparison
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JPMorgan Income ETF (JPIE) belongs to the Intl Aggregate Bonds segment. JPMorgan Ultra-Short Municipal Income ETF (JMST) is part of the Municipal Bonds segment. JPIE's top 3 sector exposures are Industrials, Sovereign and Energy. In contrast, JMST's top sector exposures are Municipal and Sovereign. JPIE is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.18% for JMST. JPIE is up 1.63% year-to-date (YTD) with +$4.88B in YTD flows. JMST performs better with 1.9% YTD performance, and +$1.90B in YTD flows. Run a side-by-side ETF comparison of JPIE 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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JPIE vs JMST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPIE JMST | +0.85%+0.97% | -0.15%+0.67% | +1.63%+1.90% | +2.69%+2.45% | +22.13%+10.20% | n/a+12.84% |
| Flows | JPIE JMST | +$468M+$641M | +$1.36B+$1.18B | +$4.88B+$1.90B | +$5.83B+$3.14B | +$10.88B+$5.77B | -+$6.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPIE JMST | +2.20%+0.77% | +1.77%+0.49% | +2.07%+0.44% | n/a+0.46% |
| Max drawdown | JPIE JMST | -1.77%-0.60% | -1.77%-0.60% | -1.77%-0.60% | n/a-0.92% |
| Max drawdown duration | JPIE JMST | 63d45d | 63d45d | 63d45d | n/a337d |
Trading data
JPIE | JMST | |
Last sale 10/28/2026 at 1:30 PM | $45.10 | |
| Previous close 10/27/2026 | $45.11 | |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
JPIE | JMST | |
|---|---|---|
| Last price | $45.10 | – |
| 1D performance | -0.02% | – |
| AuM | $11.38 B | $8.28 B |
| E/R | 0.4% | 0.18% |
Characteristics
JPIE | JMST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 841 | 483 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 28, 2021 | October 16, 2018 |
| ESG | No | No |
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Exposure
Countries
JPIE
USA
22.55%
Other
77.45%
JMST
USA
25.31%
Other
74.69%
Sectors
JPIE
Industrials
9.52%
Other
90.48%
JMST
Municipal
24.23%
Other
75.77%
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Diversification
JPIE
Total weight of top 15 holdings out of 15
19.96%
JMST
Total weight of top 15 holdings out of 15
11.08%
Top 15 holdings
Data as of August 31, 2026
JPIE
US21H0626935
3.69%
US3618N6K891
2.42%
US3618N53Y33
2.12%
US3618N6K974
1.72%
US3618N56J39
1.61%
US3618N6P767
1.45%
G2 MB1287, 6.5% 20jul2056, USD (ABS)
1.38%
FN MA5945, 5.5% 1jan2056, USD (ABS)
1.07%
FR SL3192, 6% 1nov2055, USD (ABS)
0.86%
FR RQ0085, 5.5% 1jan2056, USD (ABS)
0.74%
US3142J6DH39
0.60%
US35566ABE82
0.60%
US3622AD4R60
0.58%
US21H0526945
0.56%
US38381SQX89
0.55%
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%
Frequently asked questions about JPIE and JMST
How have the JPIE and JMST ETFs performed in 2026?
As of October 27, 2026, JPIE is up 1.63% year-to-date (YTD), while JMST has returned 1.9%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: JPIE or JMST?
Year-to-date, the JPIE ETF saw +$4.88B in flows, compared to +$1.90B for JMST.
Which ETF is more volatile: JPIE or JMST?
Over the past year, JPIE had a volatility of 1.77%, while JMST experienced 0.49%.
Which ETF is bigger: JPIE or JMST?
As of October 27, 2026, JPIE holds $11.38 B in assets under management (AUM), while JMST manages $8.28 B.
What sectors do the JPIE and JMST ETFs invest in?
JPIE leans toward sectors like Industrials. Meanwhile, JMST focuses on Municipal.
What are the top holdings of the JPIE ETF and JMST ETF?
JPIE top holdings include US21H0626935, US3618N6K891 and US3618N53Y33. JMST holds in its top three: USA, Bills 0% 10sep2026, USD (182D), US64972GZB30 and US93974FDR10.
Which ETF is more diversified: JPIE or JMST?
JPIE holds 2602 securities with 19.96% of its assets in the top 15. JMST has 1542 securities and a top 15 weight of 11.08%.
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Latest news about JPIE & JMST
JPST and JPIE: A Modern Approach to Active, Risk-Managed Fixed-Income
June 16, 2023
JPIE
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