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SMBSvsJMSIETF Comparison

ETF 1

SMBS

Schwab Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.04%

Full SMBS fund page

VS

ETF 2

JMSI

JPMorgan Sustainable Municipal Income ETF

This fund is part of

Multiple Trends

-3.54%

Full JMSI fund page

Schwab Mortgage-Backed Securities ETF (SMBS) belongs to the MBS & ABS segment. JPMorgan Sustainable Municipal Income ETF (JMSI) is part of the Multiple Trends segment. SMBS's top 3 sector exposures are Industrials, Finance and Government Agencies. In contrast, JMSI's top sector exposures are Municipal and Sovereign. SMBS is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.5% for JMSI. SMBS is down -1.53% year-to-date (YTD) with +$770M in YTD flows. JMSI performs worse with -2.1% YTD performance, and +$53M in YTD flows. Run a side-by-side ETF comparison of SMBS and JMSI 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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SMBS vs JMSI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMBS JMSI	-0.22%-0.26%	-2.21%-3.12%	-1.53%-2.10%	-1.08%-1.43%	n/a+11.08%	n/an/a
Flows	SMBS JMSI	-$72M+$5M	+$35M+$5M	+$770M+$53M	+$1.08B+$73M	-+$165M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMBS JMSI	+5.52%+4.88%	+4.35%+3.09%	n/a+3.37%	n/an/a
Max drawdown	SMBS JMSI	-4.24%-5.47%	-5.12%-6.30%	n/a-6.30%	n/an/a
Max drawdown duration	SMBS JMSI	52d92d	229d229d	n/a229d	n/an/a

Trading data

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	SMBS	JMSI
Last sale 10/16/2026 at 1:30 PM	$24.29	$47.94
Previous close 10/15/2026	$24.32	$48.15
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 September 30, 2026

1-year trailing difference

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JMSI

is actively managed and doesn’t replicate an index

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	SMBS	JMSI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	SMBS	JMSI
Last price	$24.29	$47.94
1D performance	-0.12%	-0.44%
AuM	$6.29 B	$378.66 M
E/R	0.03%	0.5%

Characteristics

	SMBS	JMSI
Management strategy	Passive	Active
Provider	Schwab ETFs	J.P. Morgan Asset Management
Benchmark	Bloomberg U.S. MBS Float Adjusted Index	-
N° of holdings	430	92
Asset class	Bonds	-
Trailing 12m distribution yield	Join	Join
Inception date	November 19, 2024	July 14, 2023
ESG	No	Yes

More SMBS data on Trackinsight

More JMSI data on Trackinsight

Exposure

Countries

SMBS

USA

33.79%

Other

66.21%

JMSI

USA

33.98%

Other

66.02%

Sectors

SMBS

Industrials

33.23%

Other

66.77%

JMSI

Municipal

32.93%

Other

67.07%

Diversification

SMBS

Total weight of top 15 holdings out of 15

5.8%

JMSI

Total weight of top 15 holdings out of 15

15.31%

Top 15 holdings

Data as of August 31, 2026

SMBS

G2 MB0025, 5% 20nov2054, USD (ABS)

0.67%

US31427R6E50

0.59%

FR SD8469, 5.5% 1oct2054, USD (ABS)

0.48%

FR SD8193, 2% 1feb2052, USD (ABS)

0.40%

US31418DYX47

0.40%

FR SD8106, 2% 1nov2050, USD (ABS)

0.36%

US3618N6HU47

0.35%

FR RQ0110, 5% 1apr2056, USD (ABS)

0.34%

FR RQ0102, 5% 1mar2056, USD (ABS)

0.34%

US3132DWDC47

0.33%

FR SD7552, 2.5% 1jan2052, USD (ABS)

0.31%

US31418EQ948

0.31%

US3142J6BK85

0.30%

US3132DWAN39

0.30%

US3618N6NA19

0.30%

JMSI

US64972GC444

1.79%

US25484JDJ60

1.26%

US167560YF20

1.18%

US650860AZ26

1.11%

Texas Water Development Board, 4% 15oct2044, USD (2019A)

1.11%

US64972GR970

1.07%

USA, Bills 0% 10sep2026, USD (182D)

1.05%

Peace River/Manasota Regional Water Supply Authority, 5.25% 1oct2045, USD (2025A)

1.03%

US71783DDS18

0.92%

US161045RK79

0.89%

US928103BH24

0.83%

US89602HHW07

0.79%

Black Belt Energy Gas District, 5% 1dec2034, USD (2026)

0.79%

US5920983E56

0.76%

US89602HJB42

0.73%

Frequently asked questions about SMBS and JMSI

How have the SMBS and JMSI ETFs performed in 2026?

As of October 16, 2026, SMBS is down -1.53% year-to-date (YTD), while JMSI has lost -2.1%. That puts SMBS better performer ahead so far this year.

Which ETF is attracting more investor money: SMBS or JMSI?

Year-to-date, the SMBS ETF saw +$770M in flows, compared to +$53M for JMSI.

Which ETF is more volatile: SMBS or JMSI?

Over the past year, SMBS had a volatility of 4.35%, while JMSI experienced 3.09%.

Which ETF is bigger: SMBS or JMSI?

As of October 16, 2026, SMBS holds $6.29 B in assets under management (AUM), while JMSI manages $378.66 M.

What sectors do the SMBS and JMSI ETFs invest in?

SMBS leans toward sectors like Industrials. Meanwhile, JMSI focuses on Municipal.

What are the top holdings of the SMBS ETF and JMSI ETF?

SMBS top holdings include G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS). JMSI holds in its top three: US64972GC444, US25484JDJ60 and US167560YF20.

SMBSvsJMSIETF Comparison

Schwab Mortgage-Backed Securities ETF

JPMorgan Sustainable Municipal Income ETF

SMBS vs JMSI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SMBS and JMSI ETFs performed in 2026?

As of October 16, 2026, SMBS is down -1.53% year-to-date (YTD), while JMSI has lost -2.1%. That puts SMBS better performer ahead so far this year.

Which ETF is attracting more investor money: SMBS or JMSI?

Year-to-date, the SMBS ETF saw +$770M in flows, compared to +$53M for JMSI.

Which ETF is more volatile: SMBS or JMSI?

Over the past year, SMBS had a volatility of 4.35%, while JMSI experienced 3.09%.

Which ETF is bigger: SMBS or JMSI?

As of October 16, 2026, SMBS holds $6.29 B in assets under management (AUM), while JMSI manages $378.66 M.

What sectors do the SMBS and JMSI ETFs invest in?

SMBS leans toward sectors like Industrials. Meanwhile, JMSI focuses on Municipal.

What are the top holdings of the SMBS ETF and JMSI ETF?

SMBS top holdings include G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS). JMSI holds in its top three: US64972GC444, US25484JDJ60 and US167560YF20.

Which ETF is more diversified: SMBS or JMSI?

SMBS holds 1965 securities with 5.8% of its assets in the top 15. JMSI has 287 securities and a top 15 weight of 15.31%.

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