MFLXvsJMSTETF Comparison
VS
First Trust Flexible Municipal High Income ETF (MFLX) and JPMorgan Ultra-Short Municipal Income ETF (JMST) belong to the same industry segment: Municipal Bonds. In contrast, JMST's top sector exposures are Municipal and Sovereign. MFLX is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.18% for JMST. MFLX is down -1.8% year-to-date (YTD) with +$3M in YTD flows. JMST performs better with 1.5% YTD performance, and +$1.66B in YTD flows. Run a side-by-side ETF comparison of MFLX 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MFLX vs JMST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MFLX JMST | -2.33%+0.14% | -6.07%+0.24% | -1.80%+1.50% | -0.98%+2.09% | +14.90%+9.81% | -5.99%+12.38% |
| Flows | MFLX JMST | -+$587M | -+$955M | +$3M+$1.66B | +$3M+$3.02B | +$8M+$5.55B | +$4M+$5.83B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MFLX JMST | +6.17%+0.73% | +4.10%+0.46% | +4.81%+0.44% | +5.52%+0.45% |
| Max drawdown | MFLX JMST | -7.53%-0.60% | -7.87%-0.60% | -7.87%-0.60% | -24.25%-0.92% |
| Max drawdown duration | MFLX JMST | 87d45d | 100d45d | 100d45d | 1746d337d |
Trading data
MFLX | JMST | |
Last sale 10/15/2026 at 1:30 PM | $16.14 | |
| Previous close 10/15/2026 | $15.97 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 10/15/2026 at 1:30 PM
Live
Closed
MFLX | JMST | |
|---|---|---|
| Last price | $16.14 | – |
| 1D performance | +1.03% | – |
| AuM | $20.06 M | $8.01 B |
| E/R | 0.49% | 0.18% |
Characteristics
MFLX | JMST | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | - | 483 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2016 | October 16, 2018 |
| ESG | No | No |
Exposure
Countries
MFLX
Data will be available soon
JMST
USA
25.31%
Other
74.69%
Sectors
MFLX
Data will be available soon
JMST
Municipal
24.23%
Other
75.77%
Advertisement
Diversification
MFLX
Data will be available soon
JMST
Total weight of top 15 holdings out of 15
11.08%
Top 15 holdings
Data as of January 1, 1970
MFLX
Data will be available soon
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 MFLX and JMST
How have the MFLX and JMST ETFs performed in 2026?
As of October 14, 2026, MFLX is down -1.8% year-to-date (YTD), while JMST has returned 1.5%. That puts JMST better performer ahead so far this year.
Which ETF is attracting more investor money: MFLX or JMST?
Year-to-date, the MFLX ETF saw +$3M in flows, compared to +$1.66B for JMST.
Which ETF is more volatile: MFLX or JMST?
Over the past year, MFLX had a volatility of 4.1%, while JMST experienced 0.46%.
Which ETF is bigger: MFLX or JMST?
As of October 14, 2026, MFLX holds $20.06 M in assets under management (AUM), while JMST manages $8.01 B.
Advertisement
Advertisement
