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VMBSvsJMSTETF Comparison

ETF 1

VMBS

Vanguard Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.16%

Full VMBS fund page

VS

ETF 2

JMST

JPMorgan Ultra-Short Municipal Income ETF

This fund is part of

Municipal Bonds

-0.24%

Full JMST fund page

Vanguard Mortgage-Backed Securities ETF (VMBS) belongs to the MBS & ABS segment. JPMorgan Ultra-Short Municipal Income ETF (JMST) is part of the Municipal Bonds segment. VMBS's top 3 sector exposures are Industrials, Finance and Government Agencies. In contrast, JMST's top sector exposures are Municipal and Sovereign. VMBS is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.18% for JMST. VMBS is down -0.77% year-to-date (YTD) with +$1.43B in YTD flows. JMST performs better with 1.45% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of VMBS 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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VMBS vs JMST 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 09/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VMBS JMST	-0.36%+0.07%	-0.61%+0.39%	-0.77%+1.45%	+0.86%+2.17%	+14.62%+9.87%	+0.62%+12.27%
Flows	VMBS JMST	+$356M+$282M	+$713M+$931M	+$1.43B+$1.06B	+$1.33B+$2.81B	-$727M+$4.87B	+$3.08B+$5.30B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VMBS JMST	+4.23%+0.35%	+3.79%+0.33%	+5.49%+0.40%	+6.44%+0.43%
Max drawdown	VMBS JMST	-1.66%-0.11%	-3.31%-0.15%	-5.47%-0.46%	-16.91%-0.93%
Max drawdown duration	VMBS JMST	72d11d	192d21d	75d29d	1459d435d

Trading data

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	VMBS	JMST
Last sale 9/10/2026 at 7:07 PM	$45.40
Previous close 09/09/2026	$45.71
Consolidated volume 09/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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JMST

is actively managed and doesn’t replicate an index

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	VMBS	JMST
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/10/2026 at 7:07 PM

Live

Closed

	VMBS	JMST
Last price	$45.40	–
1D performance	-0.69%	–
AuM	$15.83 B	$7.42 B
E/R	0.03%	0.18%

Characteristics

	VMBS	JMST
Management strategy	Passive	Active
Provider	Vanguard	J.P. Morgan Asset Management
Benchmark	Bloomberg U.S. MBS Float Adjusted Index	-
N° of holdings	701	523
Asset class	Bonds	-
Trailing 12m distribution yield	Join	Join
Inception date	November 19, 2009	October 16, 2018
ESG	No	No

More VMBS data on Trackinsight

More JMST data on Trackinsight

Exposure

Countries

VMBS

USA

26.52%

Other

73.48%

JMST

USA

27.09%

Other

72.91%

Sectors

VMBS

Industrials

26.09%

Other

73.91%

JMST

Municipal

24.94%

Other

75.06%

Diversification

VMBS

Total weight of top 15 holdings out of 15

3.98%

JMST

Total weight of top 15 holdings out of 15

12.23%

Top 15 holdings

Data as of July 31, 2026

VMBS

US21H0526861

0.38%

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

0.29%

US3618N56H72

0.29%

US01F0506927

0.28%

US3618N6K636

0.27%

US3140Y9B864

0.27%

US3618N6BE68

0.27%

G2 MB0024, 4.5% 20nov2054, USD (ABS)

0.26%

US3132E0TL66

0.25%

US3142J6DY61

0.25%

US3618N6HU47

0.24%

FR SD8146, 2% 1may2051, USD (ABS)

0.24%

US3618N6FL65

0.23%

US3142J6C840

0.23%

FR RQ0056, 5.5% 1oct2055, USD (ABS)

0.22%

JMST

USA, Bills 0% 11aug2026, USD (119D)

2.16%

US64972GZB30

0.98%

US93974FDR10

0.85%

US01170PBW59

0.81%

US60412A2K82

0.74%

US424092HZ03

0.71%

US644894QC44

0.68%

US6492284K61

0.68%

US9788624C19

0.68%

US57421CHW73

0.68%

US650860AZ26

0.67%

US543077YT22

0.67%

US083773EE76

0.65%

US87638TEH23

0.64%

District of Columbia, FRN 1jun2051, USD (2026C)

0.64%

Frequently asked questions about VMBS and JMST

How have the VMBS and JMST ETFs performed in 2026?

As of September 9, 2026, VMBS is down -0.77% year-to-date (YTD), while JMST has returned 1.45%. That puts JMST better performer ahead so far this year.

Which ETF is attracting more investor money: VMBS or JMST?

Year-to-date, the VMBS ETF saw +$1.43B in flows, compared to +$1.06B for JMST.

Which ETF is more volatile: VMBS or JMST?

Over the past year, VMBS had a volatility of 3.79%, while JMST experienced 0.33%.

Which ETF is bigger: VMBS or JMST?

As of September 9, 2026, VMBS holds $15.83 B in assets under management (AUM), while JMST manages $7.42 B.

What sectors do the VMBS and JMST ETFs invest in?

VMBS leans toward sectors like Industrials. Meanwhile, JMST focuses on Municipal.

What are the top holdings of the VMBS ETF and JMST ETF?

VMBS top holdings include US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72. JMST holds in its top three: USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10.

VMBSvsJMSTETF Comparison

Vanguard Mortgage-Backed Securities ETF

JPMorgan Ultra-Short Municipal Income ETF

VMBS vs JMST 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 VMBS and JMST ETFs performed in 2026?

As of September 9, 2026, VMBS is down -0.77% year-to-date (YTD), while JMST has returned 1.45%. That puts JMST better performer ahead so far this year.

Which ETF is attracting more investor money: VMBS or JMST?

Year-to-date, the VMBS ETF saw +$1.43B in flows, compared to +$1.06B for JMST.

Which ETF is more volatile: VMBS or JMST?

Over the past year, VMBS had a volatility of 3.79%, while JMST experienced 0.33%.

Which ETF is bigger: VMBS or JMST?

As of September 9, 2026, VMBS holds $15.83 B in assets under management (AUM), while JMST manages $7.42 B.

What sectors do the VMBS and JMST ETFs invest in?

VMBS leans toward sectors like Industrials. Meanwhile, JMST focuses on Municipal.

What are the top holdings of the VMBS ETF and JMST ETF?

VMBS top holdings include US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72. JMST holds in its top three: USA, Bills 0% 11aug2026, USD (119D), US64972GZB30 and US93974FDR10.

Which ETF is more diversified: VMBS or JMST?

VMBS holds 5140 securities with 3.98% of its assets in the top 15. JMST has 1623 securities and a top 15 weight of 12.23%.

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