JPMorgan Ultra-Short Municipal Income ETF (JMST) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with JMST. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JMST
JMST charges 0.18% annually. There are 32 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.92B | Sep 2022 | JMST vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 748.21M | Sep 2022 | JMST vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.79M | Oct 2025 | JMST vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | JMST vs TRSY | |
| Vanguard 0-3 Month Treasury Bill ETF | 0.07% | 7.30B | Feb 2025 | JMST vs VBIL |
Best Risk-Adjusted Alternatives to JMST
JMST has a PortfoliosLab risk / return rank of 98. There are 52 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 100 | 91.90B | May 2020 | JMST vs SGOV | |
| Invesco Short Term Treasury ETF | 100 | 2.52B | Jan 2017 | JMST vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 45.99B | May 2007 | JMST vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.73B | Jan 2007 | JMST vs SHV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 874.34M | Jun 2023 | JMST vs BILZ |
Top Performing JMST Alternatives (YTD)
JMST is at 0.99% YTD. There are 63 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 2.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 2.39% | 22.70M | Mar 2023 | JMST vs FUSI | |
| Yields for You Income Strategy A ETF | 2.34% | 23.54M | Jan 2025 | JMST vs YFYA | |
| Neos Enhanced Income Cash Alternative ETF | 2.26% | 1.28B | Aug 2022 | JMST vs CSHI | |
| Angel Oak Ultrashort Income ETF | 1.91% | 1.45B | Oct 2022 | JMST vs UYLD | |
| Simplify Treasury Option Income ETF | 1.90% | 438.06M | Oct 2022 | JMST vs BUCK |
Lowest Volatility Alternatives to JMST
JMST has 0.59% 1-year volatility. There are 39 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Short Term Treasury ETF | 0.19% | 2.52B | Jan 2017 | JMST vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 45.99B | May 2007 | JMST vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | 0.20% | 91.90B | May 2020 | JMST vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.73B | Jan 2007 | JMST vs SHV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 874.34M | Jun 2023 | JMST vs BILZ |
Lowest Drawdown Alternatives to JMST
JMST has a 1-year max drawdown of -0.25%. There are 47 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 45.99B | May 2007 | JMST vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 91.90B | May 2020 | JMST vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | -0.01% | 20.73B | Jan 2007 | JMST vs SHV | |
| Invesco Short Term Treasury ETF | -0.01% | 2.52B | Jan 2017 | JMST vs TBLL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.62B | Sep 2016 | JMST vs GBIL |
Other ETFs from JPMorgan
The 10 most viewed JPMorgan ETFs shown here include JEPQ, JEPI, JPST and span 11 categories. AUM among these funds goes as high as $45B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | Nasdaq-100, Derivative Income | 74 | 9.54% | 39.63B | May 2022 | JMST vs JEPQ | |
| JPMorgan Equity Premium Income ETF | Dividend, Derivative Income | 26 | 0.15% | 44.59B | May 2020 | JMST vs JEPI | |
| JPMorgan Ultra-Short Income ETF | Ultrashort Bond | 99 | 1.40% | 38.40B | May 2017 | JMST vs JPST | |
| JPMorgan Income ETF | Multisector Bonds | 93 | 1.43% | 9.10B | Oct 2021 | JMST vs JPIE | |
| JPMorgan Hedged Equity Laddered Overlay ETF | Options Trading | 50 | 2.31% | 4.13B | Sep 2023 | JMST vs HELO | |
| JPMorgan U.S. Quality Factor ETF | Large Cap Growth Equities | 63 | 14.28% | 8.13B | Nov 2017 | JMST vs JQUA | |
| JPMorgan U.S. Tech Leaders ETF | Technology Equities | 40 | 22.19% | 4.26B | Oct 2023 | JMST vs JTEK | |
| J P Morgan Exchange-Traded Fund Trust - Limited Du... | Short-Term Bond | 91 | 1.04% | 3.83B | Feb 1993 | JMST vs JPLD | |
| JPMorgan U.S. Momentum Factor ETF | Momentum, Large Cap Growth Equities | 81 | 22.79% | 2.40B | Nov 2017 | JMST vs JMOM | |
| JPMorgan Core Plus Bond ETF | Intermediate Core-Plus Bond | 45 | 0.58% | 12.44B | Jan 2019 | JMST vs JCPB |
Often Compared With JMST
Investors most often compare JMST with SUB, MEAR, VTES. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare JMST with Any Fund or Stock
Compare JMST with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JMST with funds that move differently
JPMorgan Ultra-Short Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JMST.
Explore JMST Diversifiers