FUMB vs. JMST
Compare and contrast key facts about First Trust Ultra Short Duration Municipal ETF (FUMB) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
FUMB and JMST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FUMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMB or JMST.
Key characteristics
| FUMB | JMST | |
|---|---|---|
| YTD Return | 0.66% | 0.45% |
| 1Y Return | 2.86% | 3.08% |
| 3Y Return (Ann) | 1.21% | 1.42% |
| 5Y Return (Ann) | 1.32% | 1.55% |
| Sharpe Ratio | 1.85 | 3.26 |
| Daily Std Dev | 1.52% | 0.90% |
| Max Drawdown | -2.68% | -2.41% |
| Current Drawdown | -0.10% | -0.15% |
Correlation
The correlation between FUMB and JMST is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FUMB vs. JMST - Performance Comparison
In the year-to-date period, FUMB achieves a 0.66% return, which is significantly higher than JMST's 0.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FUMB vs. JMST - Expense Ratio Comparison
FUMB has a 0.35% expense ratio, which is higher than JMST's 0.18% expense ratio.
Risk-Adjusted Performance
FUMB vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) 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.
Dividends
FUMB vs. JMST - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 2.42%, less than JMST's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.42% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.02% | 3.09% | 1.10% | 0.27% | 0.87% | 1.63% | 0.34% |
Drawdowns
FUMB vs. JMST - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for FUMB and JMST. For additional features, visit the drawdowns tool.
Volatility
FUMB vs. JMST - Volatility Comparison
First Trust Ultra Short Duration Municipal ETF (FUMB) has a higher volatility of 0.26% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.19%. This indicates that FUMB'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.