HYMU vs. JMST

Last updated Jun 5, 2026

HYMU (BlackRock High Yield Muni Income Bond ETF) and JMST (JPMorgan Ultra-Short Municipal Income ETF) are both exchange-traded funds - HYMU is a High Yield Muni fund actively managed by BlackRock, while JMST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. HYMU charges 0.35%/yr vs 0.18%/yr for JMST.

Performance

HYMU vs. JMST - Performance Comparison

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

Returns By Period

HYMU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JMST

• 1D: 0.04%
• 1M: 0.30%
• YTD: 1.03%
• 6M: 1.34%
• 1Y: 3.00%
• 3Y*: 3.39%
• 5Y*: 2.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYMU vs. JMST - Yearly Performance Comparison

	2026 (YTD)
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%
JMST JPMorgan Ultra-Short Municipal Income ETF	0.17%

Return for Risk

HYMU vs. JMST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMST

JMST Risk / Return Rank: 98
JMST Sharpe Ratio Rank: 98
JMST Sortino Ratio Rank: 98
JMST Omega Ratio Rank: 99
JMST Calmar Ratio Rank: 97
JMST Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYMU vs. JMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Muni Income Bond ETF (HYMU) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYMU	JMST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.90	—

Drawdowns

HYMU vs. JMST - Drawdown Comparison

The maximum HYMU drawdown since its inception was 0.00%, smaller than the maximum JMST drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for HYMU and JMST.

Drawdown Indicators

	HYMU	JMST	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-2.41%	+2.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.15%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-0.12%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.05%	—

Volatility

Volatility by Period

	HYMU	JMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	0.59%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	0.83%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	1.14%	-1.14%

HYMU vs. JMST - Expense Ratio Comparison

HYMU has a 0.35% expense ratio, which is higher than JMST's 0.18% expense ratio.

Dividends

HYMU vs. JMST - Dividend Comparison

HYMU has not paid dividends to shareholders, while JMST's dividend yield for the trailing twelve months is around 2.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JMST JPMorgan Ultra-Short Municipal Income ETF	2.65%	2.84%	3.32%	3.09%	1.10%	0.27%	0.87%	1.63%	0.28%

Frequently Asked Questions

Which ETF is better, HYMU or JMST?

On fees, JMST is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYMU or JMST?

JMST is cheaper with a 0.18% expense ratio, compared with 0.35% for HYMU.

Which ETF pays a higher dividend yield, HYMU or JMST?

JMST has the higher dividend yield at 2.65%, compared with 0.00% for HYMU.

What is the main difference between HYMU and JMST?

HYMU is categorized as High Yield Muni, while JMST is Ultrashort Bond. They also come from different issuers: BlackRock and JPMorgan. Their fees differ too: 0.35% for HYMU and 0.18% for JMST.