JMST vs VSDM
JPMorgan Ultra-Short Municipal Income ETF against Vanguard Short Duration Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
131 shared positions
Fee gap
6 bp
VSDM is cheaper
1-year return gap
1.7 pts
JMST is ahead
Larger fund
JMST
$8.0B
Side by side
| JMST | VSDM | |
|---|---|---|
| Fund | JPMorgan Ultra-Short Municipal Income ETF | Vanguard Short Duration Tax-Exempt Bond ETF |
| Issuer | JPMorgan | Vanguard |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.18% | 0.12% |
| Assets | $8.0B | $831M |
| Average daily dollar volume | $95M | $35M |
| Listed | Oct 16, 2018 | Nov 21, 2024 |
| FrenzyCap score | 90 | 83 |
| 1-month return | +0.1% | 0.0% |
| 3-month return | −0.2% | −1.0% |
| Year to date | −0.3% | −1.8% |
| 1-year return | −0.3% | −2.0% |
| 30-day volatility | 1.0% | 3.4% |
| Worst drawdown, 1 year | −1.2% | −4.5% |
| Trailing 12-month yield | 2.56% | 3.15% |
| Holdings | 2,003 | 3,626 |
| Top 10 weight | 6.3% | 3.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$212M thru May 2026 | +$234M thru Jul 2026 |
| 30-day implied volatility | 4.3% | — |
| 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
8% of JMST · 5% of VSDM| Holding | JMST | VSDM |
|---|---|---|
| BLACK BELT 5% 12/31, due Dec 1, 2031 | 0.30% | 0.22% |
| JERSEY CITY N J 5% 10/27, due Oct 1, 2027 | 0.25% | 0.20% |
| TEXAS MUN GAS VAR 01/54, due Jan 1, 2054 | 0.28% | 0.20% |
| WASHINGTON ST 5% 08/32, due Aug 1, 2032 | 0.23% | 0.20% |
| TARRANT CNTY VAR 11/64, due Nov 15, 2064 | 0.54% | 0.16% |
| ILLINOIS ST GO 5% 11/28, due Nov 1, 2028 | 0.15% | 0.21% |
| ILLINOIS ST GO 5% 11/29, due Nov 1, 2029 | 0.11% | 0.10% |
| MINNEAPOLIS VAR 11/52, due Nov 15, 2052 | 0.08% | 0.09% |
| MINNEAPOLIS VAR 11/53, due Nov 15, 2053 | 0.08% | 0.16% |
| NEBRASKA PUB PWR 5% 07/28, due Jul 1, 2028 | 0.22% | 0.07% |
| GEISINGER AUTH VAR 04/43, due Apr 1, 2043 | 0.17% | 0.07% |
| CARROLL CNTY GA 5% 06/30, due Jun 1, 2030 | 0.07% | 0.09% |
| BLACK BELT FLT 07/52, due Jul 1, 2052 | 0.32% | 0.06% |
| HARRIS CNTY TEX VAR 07/54, due Jul 1, 2054 | 0.13% | 0.06% |
| MINNESOTA MUN FLT 12/52, due Dec 1, 2052 | 0.19% | 0.05% |
| RUTHERFORD CNTY VAR 11/48, due Nov 15, 2048 | 0.16% | 0.05% |
| COMMONWEALTH 5% 06/30, due Jun 1, 2030 | 0.04% | 0.05% |
| UNIVERSITY KANS VAR 03/55, due Mar 1, 2055 | 0.11% | 0.04% |
| INDIANA FIN VAR 10/64, due Oct 1, 2064 | 0.04% | 0.08% |
| TSASC INC N Y 5% 06/28, due Jun 1, 2028 | 0.13% | 0.04% |
| NEW YORK ST HSG VAR 06/54, due Jun 15, 2054 | 0.04% | 0.04% |
| METROPOLITAN 5% 11/30, due Nov 15, 2030 | 0.10% | 0.04% |
| COLORADO HEALTH VAR 11/60, due Nov 15, 2060 | 0.17% | 0.04% |
| MICHIGAN ST 3.7% 04/30, due Apr 1, 2030 | 0.17% | 0.03% |
| PHILADELPHIA PA 5% 09/27, due Sep 1, 2027 | 0.06% | 0.03% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · JMST holdings · VSDM 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.