PVIvsJMUBETF Comparison
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Invesco VRDO Tax-Free ETF (PVI) and JPMorgan Municipal ETF (JMUB) belong to the same industry segment: Municipal Bonds. PVI's top 1 sector exposures are Municipal. In contrast, JMUB's top sector exposures are Municipal and Sovereign. PVI is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.18% for JMUB. PVI is up 1.54% year-to-date (YTD) with +$2M in YTD flows. JMUB performs worse with -1.76% YTD performance, and +$2.59B in YTD flows. Run a side-by-side ETF comparison of PVI 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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PVI vs JMUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PVI JMUB | +0.22%-0.32% | +0.58%-3.19% | +1.54%-1.76% | +2.10%-1.07% | +7.49%+11.14% | +10.52%+2.84% |
| Flows | PVI JMUB | +$2M+$360M | +$1M+$786M | +$2M+$2.59B | +$1M+$5.04B | -$6M+$8.35B | -$17M+$8.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PVI JMUB | +0.09%+4.78% | +0.15%+3.00% | +0.13%+3.32% | +0.14%+3.28% |
| Max drawdown | PVI JMUB | n/a-5.45% | n/a-5.87% | n/a-5.87% | -0.07%-11.76% |
| Max drawdown duration | PVI JMUB | n/a92d | n/a101d | n/a101d | 232d961d |
Trading data
PVI | JMUB | |
Last sale 10/15/2026 at 7:24 PM | $24.93 | |
| Previous close 10/15/2026 | $24.90 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 16, 2026
1-year trailing difference
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JMUB
is actively managed and doesn’t replicate an indexPVI | JMUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/15/2026 at 7:24 PM
Live
Closed
PVI | JMUB | |
|---|---|---|
| Last price | $24.93 | – |
| 1D performance | +0.10% | – |
| AuM | $33.55 M | $8.71 B |
| E/R | 0.25% | 0.18% |
Characteristics
PVI | JMUB | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | J.P. Morgan Asset Management |
| Benchmark | ICE US Municipal AMT-Free VRDO Constrained Index | - |
| N° of holdings | 45 | 589 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 15, 2007 | October 29, 2018 |
| ESG | No | No |
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Exposure
Countries
PVI
USA
37.15%
Other
62.85%
JMUB
USA
38.18%
Other
61.82%
Sectors
PVI
Municipal
37.15%
Other
62.85%
JMUB
Municipal
37.1%
Other
62.9%
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Diversification
PVI
Total weight of top 15 holdings out of 15
33.14%
JMUB
Total weight of top 15 holdings out of 15
8.46%
Top 15 holdings
Data as of August 31, 2026
PVI
US64972GAS30
4.45%
US64966TAF12
3.88%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.28%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
US44244CN944
1.62%
US405815HE45
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.55%
New York Transitional Finance Authority, FRN 1aug2042, USD
1.30%
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 PVI and JMUB
How have the PVI and JMUB ETFs performed in 2026?
As of October 15, 2026, PVI is up 1.54% year-to-date (YTD), while JMUB has lost -1.76%. That puts PVI better performer ahead so far this year.
Which ETF is attracting more investor money: PVI or JMUB?
Year-to-date, the PVI ETF saw +$2M in flows, compared to +$2.59B for JMUB.
Which ETF is more volatile: PVI or JMUB?
Over the past year, PVI had a volatility of 0.15%, while JMUB experienced 3%.
Which ETF is bigger: PVI or JMUB?
As of October 15, 2026, PVI holds $33.55 M in assets under management (AUM), while JMUB manages $8.71 B.
What sectors do the PVI and JMUB ETFs invest in?
PVI leans toward sectors like Municipal. Meanwhile, JMUB focuses on Municipal.
What are the top holdings of the PVI ETF and JMUB ETF?
PVI top holdings include US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B). 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: PVI or JMUB?
PVI holds 150 securities with 33.14% of its assets in the top 15. JMUB has 2085 securities and a top 15 weight of 8.46%.
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