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
US46641Q6540
46641Q654
Oct 16, 2018
1x
No Index (Active)
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 3.01% year-to-date (YTD) and 3.92% in the last 12 months.
JMST
3.01%
0.28%
1.92%
3.92%
1.84%
N/A
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
Monthly Returns
The table below presents the monthly returns of JMST, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | 0.22% | 0.15% | 0.17% | 0.32% | 0.39% | 0.57% | 0.37% | 0.29% | 0.01% | 3.01% | ||
| 2023 | 0.50% | -0.21% | 0.66% | 0.10% | -0.01% | 0.35% | 0.27% | 0.17% | -0.03% | 0.33% | 0.83% | 0.55% | 3.56% |
| 2022 | -0.43% | -0.16% | -0.19% | -0.19% | 0.24% | 0.12% | 0.17% | -0.39% | -0.19% | 0.22% | 0.65% | 0.23% | 0.08% |
| 2021 | 0.06% | -0.05% | 0.06% | 0.06% | 0.05% | -0.02% | 0.11% | 0.01% | -0.02% | -0.04% | -0.05% | 0.15% | 0.31% |
| 2020 | 0.19% | 0.16% | -0.26% | 0.61% | 0.74% | 0.06% | 0.22% | -0.04% | 0.04% | 0.07% | 0.10% | 0.10% | 2.00% |
| 2019 | 0.21% | 0.13% | 0.21% | 0.15% | 0.24% | 0.25% | 0.28% | 0.14% | -0.05% | 0.22% | 0.15% | 0.14% | 2.09% |
| 2018 | 0.15% | 0.26% | 0.36% | 0.76% |
Expense Ratio
JMST has an expense ratio of 0.18%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of JMST is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 provided a 3.35% dividend yield over the last twelve months, with an annual payout of $1.70 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.70 | $1.57 | $0.56 | $0.14 | $0.45 | $0.82 | $0.17 |
Dividend yield | 3.35% | 3.09% | 1.11% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.14 | $0.15 | $0.14 | $0.16 | $0.14 | $0.14 | $0.14 | $0.15 | $0.14 | $0.14 | $1.42 | |
| 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 | $1.57 |
| 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 | $0.56 |
| 2021 | $0.00 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 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 | $0.45 |
| 2019 | $0.07 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.82 |
| 2018 | $0.03 | $0.07 | $0.07 | $0.17 |
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.
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.
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 |
| -0.32% | 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 |
| -0.25% | Apr 14, 2023 | 4 | Apr 19, 2023 | 16 | May 11, 2023 | 20 |
Volatility
Volatility Chart
The current JPMorgan Ultra-Short Municipal Income ETF volatility is 0.30%, 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.