JPMorgan Ultra-Short Municipal Income ETF (JMST)
JMST is an actively managed ETF by JPMorgan Chase. JMST launched on Oct 16, 2018 and has a 0.18% expense ratio.
ETF Info
| ISIN | US46641Q6540 |
|---|---|
| CUSIP | 46641Q654 |
| Issuer | JPMorgan Chase |
| Inception Date | Oct 16, 2018 |
| Category | Total Bond Market, Actively Managed |
| Index Tracked | No Index (Active) |
| Home Page | am.jpmorgan.com |
| Asset Class | Bond |
Expense Ratio
The JPMorgan Ultra-Short Municipal Income ETF features an expense ratio of 0.18%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in JPMorgan Ultra-Short Municipal Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
JPMorgan Ultra-Short Municipal Income ETF had a return of 0.42% year-to-date (YTD) and 3.05% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.42% | 6.30% |
| 1 month | -0.12% | -3.13% |
| 6 months | 1.79% | 19.37% |
| 1 year | 3.05% | 22.56% |
| 5 years (annualized) | 1.55% | 11.65% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | 0.22% | 0.15% | |||||||||
| 2023 | -0.03% | 0.33% | 0.83% | 0.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
JPMorgan Ultra-Short Municipal Income ETF(JMST)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for JPMorgan Ultra-Short Municipal Income ETF (JMST) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
JPMorgan Ultra-Short Municipal Income ETF granted a 3.26% dividend yield in the last twelve months. The annual payout for that period amounted to $1.65 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.65 | $1.57 | $0.56 | $0.14 | $0.44 | $0.82 | $0.17 |
Dividend yield | 3.26% | 3.09% | 1.10% | 0.27% | 0.87% | 1.63% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Ultra-Short Municipal Income ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.14 | $0.15 | |||||||||
| 2023 | $0.00 | $0.11 | $0.12 | $0.11 | $0.12 | $0.13 | $0.14 | $0.13 | $0.15 | $0.14 | $0.15 | $0.28 |
| 2022 | $0.00 | $0.01 | $0.02 | $0.01 | $0.03 | $0.03 | $0.04 | $0.04 | $0.06 | $0.06 | $0.09 | $0.17 |
| 2021 | $0.00 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 |
| 2020 | $0.05 | $0.05 | $0.00 | $0.08 | $0.05 | $0.04 | $0.04 | $0.03 | $0.03 | $0.02 | $0.02 | $0.04 |
| 2019 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 |
| 2018 | $0.03 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Ultra-Short Municipal Income ETF. 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 JPMorgan Ultra-Short Municipal Income ETF was 2.41%, occurring on Mar 20, 2020. Recovery took 20 trading sessions.
The current JPMorgan Ultra-Short Municipal Income ETF drawdown is 0.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.41% | Mar 10, 2020 | 9 | Mar 20, 2020 | 20 | Apr 20, 2020 | 29 |
| -1.15% | Dec 30, 2021 | 73 | Apr 13, 2022 | 168 | Dec 13, 2022 | 241 |
| -0.37% | Mar 20, 2024 | 15 | Apr 10, 2024 | — | — | — |
| -0.32% | May 17, 2023 | 7 | May 25, 2023 | 7 | Jun 6, 2023 | 14 |
| -0.26% | Feb 1, 2023 | 14 | Feb 21, 2023 | 13 | Mar 10, 2023 | 27 |
Volatility
Volatility Chart
The current JPMorgan Ultra-Short Municipal Income ETF volatility is 0.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.