- Issuer
- JPMorgan
- Inception Date
- Feb 9, 1993
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $382M
Share Price Chart
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Performance
JMSI Performance Chart
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) is up 1.1% since the beginning of the year. JMSI is currently trading at $50 per share.
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Returns By Period
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) has returned 1.06% so far this year and 6.08% over the past 12 months.
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund
- 1D
- -0.13%
- 1M
- 0.57%
- YTD
- 1.06%
- 6M
- 1.41%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
JMSI Monthly Returns History
Based on dividend-adjusted daily data since Jul 17, 2023, JMSI's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Mar 2026 at -2.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, JMSI closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +0.8%, while the worst single day was Apr 8, 2025 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.68% | 1.14% | -2.46% | 1.18% | 0.37% | 0.19% | 1.06% | ||||||
| 2025 | 0.38% | 1.01% | -1.32% | -0.06% | -0.37% | 0.61% | -0.42% | 0.88% | 2.08% | 1.02% | 0.35% | 0.20% | 4.40% |
| 2024 | -0.07% | 0.28% | 0.12% | -0.79% | 0.18% | 1.33% | 1.11% | 0.42% | 0.89% | -1.01% | 1.31% | -0.98% | 2.77% |
| 2023 | -0.32% | -0.88% | -2.24% | -0.97% | 5.02% | 2.25% | 2.70% |
Benchmark Metrics
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund has an annualized alpha of 3.08%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 18, 2023.
- This ETF participated in 29.26% of S&P 500 Index downside but only 19.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.08%
- Beta
- 0.04
- R²
- 0.03
- Upside Capture
- 19.37%
- Downside Capture
- 29.26%
Expense Ratio
JMSI has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
JMSI ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) and compare them to S&P 500 Index.
| JMSI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.93 | -0.88 |
| Martin ratioReturn relative to average drawdown | 7.06 | 13.52 | -6.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund provided a 3.65% dividend yield over the last twelve months, with an annual payout of $1.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.83 | $1.84 | $1.83 | $0.90 |
Dividend yield | 3.65% | 3.65% | 3.66% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.15 | $0.15 | $0.16 | $0.15 | $0.76 | ||||||
| 2025 | $0.00 | $0.15 | $0.15 | $0.15 | $0.17 | $0.15 | $0.15 | $0.14 | $0.15 | $0.16 | $0.16 | $0.31 | $1.84 |
| 2024 | $0.00 | $0.15 | $0.15 | $0.15 | $0.16 | $0.16 | $0.15 | $0.15 | $0.16 | $0.15 | $0.15 | $0.30 | $1.83 |
| 2023 | $0.10 | $0.19 | $0.15 | $0.17 | $0.30 | $0.90 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund was 4.57%, occurring on Oct 31, 2023. Recovery took 20 trading sessions.
The current J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund drawdown is 0.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -4.57%Oct 2023 | 3mo 9d | 29d | 4mo 8dJul 2023 - Nov 2023 |
2025 selloff2025 | -3.59%Apr 2025 | 1mo 6d | 5mo | 6mo 6dMar 2025 - Sep 2025 |
2026 pullback2026 | -2.98%Mar 2026 | 25d | — | 3mo 7dFeb 2026 - now |
2024 pullback2024 | -2.08%Nov 2024 | 1mo 3d | 26d | 1mo 29dOct 2024 - Dec 2024 |
2025 pullback2025 | -2.03%Jan 2025 | 1mo 9d | 1mo 16d | 2mo 25dDec 2024 - Feb 2025 |
Drawdown Indicators
| JMSI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.57% | -56.78% | +52.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -9.10% | +6.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.74% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -10.72% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.97% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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