PMIOvsJMUBETF Comparison
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PGIM Municipal Income Opportunities ETF (PMIO) and JPMorgan Municipal ETF (JMUB) belong to the same industry segment: Municipal Bonds. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, JMUB's top sector exposures are Municipal and Sovereign. PMIO is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.18% for JMUB. PMIO is up 0.53% year-to-date (YTD) with +$25M in YTD flows. JMUB performs worse with -0.76% YTD performance, and +$2.70B in YTD flows. Run a side-by-side ETF comparison of PMIO and JMUB 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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PMIO vs JMUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO JMUB | +0.97%+1.41% | -0.78%-0.88% | +0.53%-0.76% | +0.91%-0.44% | n/a+13.47% | n/a+4.23% |
| Flows | PMIO JMUB | +$6M+$467M | +$11M+$792M | +$25M+$2.70B | +$33M+$5.09B | -+$8.44B | -+$9.08B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO JMUB | +4.33%+4.89% | +2.69%+3.10% | n/a+3.33% | n/a+3.30% |
| Max drawdown | PMIO JMUB | -4.20%-5.10% | -4.97%-5.87% | n/a-5.87% | n/a-11.76% |
| Max drawdown duration | PMIO JMUB | 67d71d | 108d109d | n/a109d | n/a961d |
Trading data
PMIO | JMUB | |
Last sale 10/23/2026 at 1:30 PM | $49.83 | |
| Previous close 10/22/2026 | $49.88 | |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
PMIO | JMUB | |
|---|---|---|
| Last price | $49.83 | – |
| 1D performance | -0.09% | – |
| AuM | $59.59 M | $8.91 B |
| E/R | 0.25% | 0.18% |
Characteristics
PMIO | JMUB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 3856 | 589 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2024 | October 29, 2018 |
| ESG | No | No |
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Exposure
Countries
PMIO
USA
38.18%
Other
61.82%
JMUB
USA
38.18%
Other
61.82%
Sectors
PMIO
Municipal
36.79%
Other
63.21%
JMUB
Municipal
37.1%
Other
62.9%
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Diversification
PMIO
Total weight of top 15 holdings out of 15
28.82%
JMUB
Total weight of top 15 holdings out of 15
8.46%
Top 15 holdings
Data as of August 31, 2026
PMIO
Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023)
2.52%
US34074HJC79
2.31%
Illinois Toll Highway Authority, 5% 1jan2045, USD
2.28%
Kentucky Public Energy Authority, 5.25% 1apr2054, USD (2023)
2.09%
County of Utah, 5% 15may2043, USD (2020A)
2.05%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
1.99%
US63607WBN39
1.86%
US63607WBD56
1.84%
National Finance Authority, 6.5% 1dec2034, USD (2026)
1.81%
US74442PB613
1.76%
US63607DAB29
1.75%
US924190WL18
1.69%
US64985STJ23
1.68%
US92708HAQ74
1.64%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.56%
JMUB
USA, Bills 0% 10sep2026, USD (182D)
1.08%
US25477GZQ18
0.75%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.73%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.63%
California Health Facilities Financing Authority, 5% 15aug2065, USD (2026B-3)
0.63%
US796242WD34
0.62%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.57%
US64972JP283
0.51%
US20775DYT35
0.50%
US917393CY40
0.43%
US542691KA76
0.42%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.41%
US88283LLH77
0.41%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.39%
US072581LQ29
0.38%
Frequently asked questions about PMIO and JMUB
How have the PMIO and JMUB ETFs performed in 2026?
As of October 22, 2026, PMIO is up 0.53% year-to-date (YTD), while JMUB has lost -0.76%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or JMUB?
Year-to-date, the PMIO ETF saw +$25M in flows, compared to +$2.70B for JMUB.
Which ETF is more volatile: PMIO or JMUB?
Over the past year, PMIO had a volatility of 2.69%, while JMUB experienced 3.1%.
Which ETF is bigger: PMIO or JMUB?
As of October 22, 2026, PMIO holds $59.59 M in assets under management (AUM), while JMUB manages $8.91 B.
What sectors do the PMIO and JMUB ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, JMUB focuses on Municipal.
What are the top holdings of the PMIO ETF and JMUB ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. JMUB holds in its top three: USA, Bills 0% 10sep2026, USD (182D), US25477GZQ18 and Black Belt Energy Gas District, 5% 1dec2034, USD (2026).
Which ETF is more diversified: PMIO or JMUB?
PMIO holds 6980 securities with 28.82% of its assets in the top 15. JMUB has 2085 securities and a top 15 weight of 8.46%.
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