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 36 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 841.59M | Sep 2022 | JMST vs XONE | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.94B | Sep 2022 | JMST vs XHLF | |
| 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 | |
| Global X 1-3 Month T-Bill ETF | 0.07% | 2.59B | Jun 2023 | JMST vs CLIP |
Best Risk-Adjusted Alternatives to JMST
JMST has a PortfoliosLab risk / return rank of 98. There are 55 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 | 99.95B | May 2020 | JMST vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 47.03B | May 2007 | JMST vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.59B | Sep 2016 | JMST vs GBIL | |
| Invesco Short Term Treasury ETF | 100 | 2.87B | Jan 2017 | JMST vs TBLL | |
| Vanguard 0-3 Month Treasury Bill ETF | 100 | 9.40B | Feb 2025 | JMST vs VBIL |
Top Performing JMST Alternatives (YTD)
JMST is at 1.30% YTD. There are 65 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 3.28%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 3.28% | 22.73M | Mar 2023 | JMST vs FUSI | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.98% | 1.54B | Aug 2022 | JMST vs CSHI | |
| VanEck IG Floating Rate ETF | 2.70% | 3.00B | Apr 2011 | JMST vs FLTR | |
| Simplify Treasury Option Income ETF | 2.60% | 489.70M | Oct 2022 | JMST vs BUCK | |
| Angel Oak Ultrashort Income ETF | 2.59% | 1.55B | Oct 2022 | JMST vs UYLD |
Lowest Volatility Alternatives to JMST
JMST has 0.63% 1-year volatility. There are 44 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% | 2.87B | Jan 2017 | JMST vs TBLL | |
| iShares 0-3 Month Treasury Bond ETF | 0.19% | 99.95B | May 2020 | JMST vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.70B | Jan 2007 | JMST vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 47.03B | May 2007 | JMST vs BIL | |
| Global X 1-3 Month T-Bill ETF | 0.21% | 2.59B | Jun 2023 | JMST vs CLIP |
Lowest Drawdown Alternatives to JMST
JMST has a 1-year max drawdown of -0.25%. There are 48 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard 0-3 Month Treasury Bill ETF | -0.01% | 9.40B | Feb 2025 | JMST vs VBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 47.03B | May 2007 | JMST vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 99.95B | May 2020 | JMST vs SGOV | |
| Global X 1-3 Month T-Bill ETF | -0.02% | 2.59B | Jun 2023 | JMST vs CLIP | |
| F/m US Treasury 3 Month Bill ETF | -0.02% | 7.22B | Aug 2022 | JMST vs TBIL |
Other ETFs from JPMorgan
The 10 most viewed JPMorgan ETFs shown here include JEPQ, JEPI, JPST and span 12 categories. AUM among these funds goes as high as $46B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | Nasdaq-100, Derivative Income | 66 | 7.51% | 39.88B | May 2022 | JMST vs JEPQ | |
| JPMorgan Equity Premium Income ETF | Dividend, Derivative Income | 56 | 5.04% | 45.80B | May 2020 | JMST vs JEPI | |
| JPMorgan Ultra-Short Income ETF | Ultrashort Bond | 99 | 2.01% | 40.48B | May 2017 | JMST vs JPST | |
| JPMorgan Income ETF | Multisector Bonds | 95 | 1.92% | 10.22B | Oct 2021 | JMST vs JPIE | |
| JPMorgan U.S. Quality Factor ETF | Quality Factor, Large Cap Blend Equities | 83 | 15.84% | 8.22B | Nov 2017 | JMST vs JQUA | |
| JPMorgan Hedged Equity Laddered Overlay ETF | Options Trading | 65 | 4.18% | 4.62B | Sep 2023 | JMST vs HELO | |
| JPMorgan U.S. Tech Leaders ETF | Technology Equities, Actively Managed | 26 | 7.76% | 4.11B | Oct 2023 | JMST vs JTEK | |
| JPMorgan U.S. Momentum Factor ETF | Momentum, Large Cap Blend Equities | 80 | 20.54% | 2.50B | Nov 2017 | JMST vs JMOM | |
| JPMorgan Limited Duration Bond ETF | Short-Term Bond | 93 | 1.59% | 3.95B | Feb 1993 | JMST vs JPLD | |
| JPMorgan BetaBuilders U.S. Equity ETF | Large Cap Blend Equities | 74 | 11.30% | 8.89B | Mar 2019 | JMST vs BBUS |
Often Compared With JMST
Investors most often compare JMST with SUB, MEAR, VTES. These 20 comparison targets span 9 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