JMST vs VTES
JPMorgan Ultra-Short Municipal Income ETF against Vanguard Short-Term Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
4%
373 shared positions
Fee gap
13 bp
VTES is cheaper
1-year return gap
1.7 pts
JMST is ahead
Larger fund
JMST
$8.0B
Side by side
| JMST | VTES | |
|---|---|---|
| Fund | JPMorgan Ultra-Short Municipal Income ETF | Vanguard Short-Term Tax-Exempt Bond ETF |
| Issuer | JPMorgan | Vanguard |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.18% | 0.05% |
| Assets | $8.0B | $2.0B |
| Average daily dollar volume | $91M | $92M |
| Listed | Oct 16, 2018 | Mar 8, 2023 |
| FrenzyCap score | 89 | 96 |
| 1-month return | +0.1% | +0.1% |
| 3-month return | −0.2% | −1.1% |
| Year to date | −0.3% | −1.9% |
| 1-year return | −0.4% | −2.1% |
| 30-day volatility | 1.0% | 3.3% |
| Worst drawdown, 1 year | −1.2% | −4.5% |
| Trailing 12-month yield | 2.56% | 2.70% |
| Holdings | 1,988 | 3,990 |
| Top 10 weight | 6.3% | 3.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$212M thru May 2026 | +$246M thru May 2026 |
| 30-day implied volatility | 3.0% | 15.1% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 19, 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
12% of JMST · 11% of VTES| Holding | JMST | VTES |
|---|---|---|
| MISSOURI ST HWYS 5% 05/28, due May 1, 2028 | 0.27% | 0.30% |
| BERGEN CNTY N J 5% 10/27, due Oct 12, 2027 | 0.21% | 0.25% |
| ILLINOIS ST GO 5% 11/28, due Nov 1, 2028 | 0.15% | 0.24% |
| MADISON WIS MET 5% 09/27, due Sep 1, 2027 | 0.11% | 0.21% |
| OKLAHOMA CITY 5% 06/29, due Jun 1, 2029 | 0.12% | 0.10% |
| PENNSYLVANIA ST 5% 06/29, due Jun 1, 2029 | 0.09% | 0.08% |
| OKLAHOMA CITY 5% 06/32, due Jun 1, 2032 | 0.12% | 0.08% |
| NEW YORK ST DORM 5% 03/31, due Mar 15, 2031 | 0.12% | 0.08% |
| CONNECTICUT ST 5% 08/27, due Aug 15, 2027 | 0.29% | 0.07% |
| CYPRESS-FAIRBANK 5% 02/29, due Feb 15, 2029 | 0.14% | 0.07% |
| LOWER COLO RIV 5% 05/31, due May 15, 2031 | 0.09% | 0.06% |
| ILLINOIS ST GO 5% 11/29, due Nov 1, 2029 | 0.11% | 0.06% |
| NORTH TEX TWY 5% 01/29, due Jan 1, 2029 | 0.06% | 0.09% |
| PENNSYLVANIA ST 5% 06/28, due Jun 1, 2028 | 0.06% | 0.13% |
| ENERGY NORTHWEST 5% 07/27, due Jul 1, 2027 | 0.09% | 0.05% |
| NORTH CAROLINA 5% 06/28, due Jun 1, 2028 | 0.08% | 0.05% |
| NEW YORK N Y GEN 5% 08/30, due Aug 1, 2030 | 0.05% | 0.10% |
| CONNECTICUT ST 5% 07/29, due Jul 1, 2029 | 0.41% | 0.05% |
| HOUSTON TEX 5% 02/27, due Feb 15, 2027 | 0.08% | 0.05% |
| COMMONWEALTH 5% 06/30, due Jun 1, 2030 | 0.04% | 0.07% |
| ILLINOIS ST GO 5% 11/26, due Nov 1, 2026 | 0.25% | 0.04% |
| WASHINGTON ST 4% 07/27, due Jul 1, 2027 | 0.19% | 0.04% |
| MESA ARIZ UTIL 5% 07/31, due Jul 1, 2031 | 0.07% | 0.04% |
| ILLINOIS ST GO 5% 07/28, due Jul 1, 2028 | 0.04% | 0.04% |
| SAN ANTONIO TEX 5% 02/29, due Feb 1, 2029 | 0.05% | 0.04% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · JMST holdings · VTES 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.