JMST vs SHM
JPMorgan Ultra-Short Municipal Income ETF against State Street SPDR Nuveen ICE Short Term Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
87 shared positions
Fee gap
2 bp
JMST is cheaper
1-year return gap
1.7 pts
JMST is ahead
Larger fund
JMST
$8.0B
Side by side
| JMST | SHM | |
|---|---|---|
| Fund | JPMorgan Ultra-Short Municipal Income ETF | State Street SPDR Nuveen ICE Short Term Municipal Bond ETF |
| Issuer | JPMorgan | State Street SPDR |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.18% | 0.20% |
| Assets | $8.0B | $3.5B |
| Average daily dollar volume | $95M | $30M |
| Listed | Oct 16, 2018 | Oct 10, 2007 |
| FrenzyCap score | 90 | 81 |
| 1-month return | +0.1% | +0.0% |
| 3-month return | −0.2% | −1.0% |
| Year to date | −0.3% | −1.9% |
| 1-year return | −0.3% | −2.1% |
| 30-day volatility | 1.0% | 3.3% |
| Worst drawdown, 1 year | −1.2% | −4.2% |
| Trailing 12-month yield | 2.56% | 2.73% |
| Holdings | 2,003 | 1,109 |
| Top 10 weight | 6.3% | 4.8% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$212M thru May 2026 | +$24M thru Jun 2026 |
| 30-day implied volatility | 4.3% | 49.6% |
| Holdings as of | as of Oct 21, 2026issuer data | as of Oct 20, 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
4% of JMST · 7% of SHM| Holding | JMST | SHM |
|---|---|---|
| TEXAS MUN GAS VAR 01/54, due Jan 1, 2054 | 0.28% | 0.21% |
| ILLINOIS ST GO 5% 11/28, due Nov 1, 2028 | 0.15% | 0.24% |
| TARRANT CNTY VAR 11/64, due Nov 15, 2064 | 0.54% | 0.15% |
| TEXAS ST TRANSN 5% 10/28, due Oct 1, 2028 | 0.11% | 0.22% |
| METROPOLITAN ZERO 12/29, due Dec 15, 2029 | 0.28% | 0.10% |
| RUTHERFORD CNTY VAR 11/48, due Nov 15, 2048 | 0.16% | 0.10% |
| UNIVERSITY MASS 5% 11/30, due Nov 1, 2030 | 0.10% | 0.12% |
| MINNEAPOLIS VAR 11/53, due Nov 15, 2053 | 0.08% | 0.13% |
| SOUTHCENTRAL PA 5% 06/29, due Jun 1, 2029 | 0.07% | 0.09% |
| MISSOURI ST VAR 05/52, due May 1, 2052 | 0.23% | 0.06% |
| CYPRESS-FAIRBANK 5% 02/29, due Feb 15, 2029 | 0.14% | 0.06% |
| PHILADELPHIA PA 5% 08/30, due Aug 1, 2030 | 0.07% | 0.06% |
| NORTH TEX TWY 5% 01/29, due Jan 1, 2029 | 0.06% | 0.06% |
| WISCONSIN ST VAR 08/54, due Aug 15, 2054 | 0.06% | 0.10% |
| INDIANA FIN VAR 10/60, due Oct 1, 2060 | 0.05% | 0.09% |
| METROPOLITAN 5% 11/31, due Nov 15, 2031 | 0.05% | 0.09% |
| LOWER COLO RIV 5% 05/30, due May 15, 2030 | 0.05% | 0.09% |
| COLORADO HEALTH VAR 11/60, due Nov 15, 2060 | 0.17% | 0.05% |
| KANSAS ST DEV VAR 11/54, due Nov 15, 2054 | 0.12% | 0.05% |
| ATLANTA GA WTR & 5% 11/30, due Nov 1, 2030 | 0.06% | 0.05% |
| GEISINGER AUTH VAR 04/43, due Apr 1, 2043 | 0.17% | 0.04% |
| INDIANA FIN VAR 10/64, due Oct 1, 2064 | 0.04% | 0.09% |
| WISCONSIN ST 5% 07/29, due Jul 1, 2029 | 0.04% | 0.13% |
| FLORIDA ST TPK 5% 07/29, due Jul 1, 2029 | 0.04% | 0.09% |
| PLANO TEX INDPT 5% 02/29, due Feb 15, 2029 | 0.04% | 0.15% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · JMST holdings · SHM 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.