FTMS vs JMST
Franklin Short-Term Municipal Income ETF against JPMorgan Ultra-Short Municipal Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
1%
10 shared positions
Fee gap
3 bp
JMST is cheaper
1-year return gap
—
Larger fund
JMST
$8.0B
Side by side
| FTMS | JMST | |
|---|---|---|
| Fund | Franklin Short-Term Municipal Income ETF | JPMorgan Ultra-Short Municipal Income ETF |
| Issuer | Franklin Templeton | JPMorgan |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.21% | 0.18% |
| Assets | $209M | $8.0B |
| Average daily dollar volume | $2.9M | $95M |
| Listed | May 22, 2018 | Oct 16, 2018 |
| FrenzyCap score | 62 | 90 |
| 1-month return | 0.0% | +0.1% |
| 3-month return | −1.0% | −0.2% |
| Year to date | −1.4% | −0.3% |
| 1-year return | — | −0.3% |
| 30-day volatility | 3.3% | 1.0% |
| Worst drawdown, 1 year | −3.5% | −1.2% |
| Trailing 12-month yield | 3.09% | 2.56% |
| Holdings | 267 | 2,003 |
| Top 10 weight | 9.9% | 6.3% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | — | +$212M thru May 2026 |
| 30-day implied volatility | — | 4.3% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 21, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of FTMS · 1% of JMST| Holding | FTMS | JMST |
|---|---|---|
| TARRANT CO EDU FRN 11/64, due Nov 15, 2064 | 0.74% | 0.54% |
| LOS ANGELES-TRANS 5 6/27, due Jun 24, 2027 | 0.86% | 0.15% |
| CUMBERLAND CO I FRN 12/27, due Dec 1, 2027 | 0.66% | 0.11% |
| PHILADELPHIA SD-B 5 6/27, due Jun 30, 2027 | 0.86% | 0.03% |
| TRIMBLE CNTY KY FRN 6/54, due Jun 1, 2054 | 0.42% | 0.01% |
| ST JOHN BAPTIST FRN 6/37, due Jun 1, 2037 | 0.84% | 0.01% |
| NY TRANS FIN AUTH 5 11/29, due Nov 1, 2029 | 0.22% | 0.01% |
| BURKE DEV AUTH FRN 11/53, due Nov 1, 2053 | 0.21% | 0.00% |
| ILLINOIS ST-A 5 11/26, due Nov 1, 2026 | 0.32% | 0.00% |
| NEW JERSEY ST-A 5 6/29, due Jun 1, 2029 | 0.21% | 0.00% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FTMS holdings · JMST holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.