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CGMU vs. JMST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CGMU and JMST is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


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Performance

CGMU vs. JMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Municipal Income ETF (CGMU) and JPMorgan Ultra-Short Municipal Income ETF (JMST). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.45%
1.70%
CGMU
JMST

Key characteristics

Sharpe Ratio

CGMU:

0.79

JMST:

4.54

Sortino Ratio

CGMU:

1.11

JMST:

7.89

Omega Ratio

CGMU:

1.15

JMST:

2.10

Calmar Ratio

CGMU:

1.09

JMST:

19.95

Martin Ratio

CGMU:

4.06

JMST:

82.77

Ulcer Index

CGMU:

0.66%

JMST:

0.04%

Daily Std Dev

CGMU:

3.42%

JMST:

0.74%

Max Drawdown

CGMU:

-4.10%

JMST:

-2.41%

Current Drawdown

CGMU:

-1.61%

JMST:

-0.10%

Returns By Period

In the year-to-date period, CGMU achieves a 2.44% return, which is significantly lower than JMST's 3.18% return.


CGMU

YTD

2.44%

1M

-0.53%

6M

1.26%

1Y

2.69%

5Y*

N/A

10Y*

N/A

JMST

YTD

3.18%

1M

0.13%

6M

1.72%

1Y

3.28%

5Y*

1.83%

10Y*

N/A

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CGMU vs. JMST - Expense Ratio Comparison

CGMU has a 0.27% expense ratio, which is higher than JMST's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for CGMU: current value at 0.27% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.27%
Expense ratio chart for JMST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

CGMU vs. JMST - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) and JPMorgan Ultra-Short Municipal Income ETF (JMST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for CGMU, currently valued at 0.79, compared to the broader market0.002.004.000.794.54
The chart of Sortino ratio for CGMU, currently valued at 1.11, compared to the broader market-2.000.002.004.006.008.0010.001.117.89
The chart of Omega ratio for CGMU, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.001.152.10
The chart of Calmar ratio for CGMU, currently valued at 1.09, compared to the broader market0.005.0010.0015.001.0919.95
The chart of Martin ratio for CGMU, currently valued at 4.06, compared to the broader market0.0020.0040.0060.0080.00100.004.0682.77
CGMU
JMST

The current CGMU Sharpe Ratio is 0.79, which is lower than the JMST Sharpe Ratio of 4.54. The chart below compares the historical Sharpe Ratios of CGMU and JMST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JulyAugustSeptemberOctoberNovemberDecember
0.79
4.54
CGMU
JMST

Dividends

CGMU vs. JMST - Dividend Comparison

CGMU's dividend yield for the trailing twelve months is around 3.22%, less than JMST's 3.35% yield.


TTM202320222021202020192018
CGMU
Capital Group Municipal Income ETF
3.22%3.09%0.49%0.00%0.00%0.00%0.00%
JMST
JPMorgan Ultra-Short Municipal Income ETF
3.35%3.09%1.11%0.27%0.87%1.63%0.34%

Drawdowns

CGMU vs. JMST - Drawdown Comparison

The maximum CGMU drawdown since its inception was -4.10%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for CGMU and JMST. For additional features, visit the drawdowns tool.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.61%
-0.10%
CGMU
JMST

Volatility

CGMU vs. JMST - Volatility Comparison

Capital Group Municipal Income ETF (CGMU) has a higher volatility of 1.08% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.19%. This indicates that CGMU's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.08%
0.19%
CGMU
JMST