JMHI vs. ASTX

Last updated Jul 17, 2026

JMHI (JPMorgan High Yield Municipal ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both exchange-traded funds - JMHI is a High Yield Muni fund actively managed by JPMorgan, while ASTX is a Leveraged Equities fund actively managed by Tradr. Both are actively managed. Over the past year, JMHI returned 6.62% vs -72.09% for ASTX. At a correlation of -0.02, they often move in opposite directions. JMHI charges 0.35%/yr vs 1.30%/yr for ASTX.

Performance

JMHI vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Municipal ETF (JMHI) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMHI achieves a 1.85% return, which is significantly higher than ASTX's -75.95% return.

JMHI

• 1D: -0.04%
• 1M: 0.01%
• 6M: 1.08%
• YTD: 1.85%
• 1Y: 6.62%
• 3Y*: 4.60%
• 5Y*: —
• 10Y*: —

ASTX

• 1D: -34.05%
• 1M: -61.30%
• 6M: -86.67%
• YTD: -75.95%
• 1Y: -72.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMHI vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
JMHI JPMorgan High Yield Municipal ETF	1.85%	3.76%
ASTX Tradr 2X Long ASTS Daily ETF	-75.95%	63.68%

Correlation

The correlation between JMHI and ASTX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.02

Return for Risk

JMHI vs. ASTX — Risk / Return Rank

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

JMHI

JMHI Risk / Return Rank: 74
JMHI Sharpe Ratio Rank: 81
JMHI Sortino Ratio Rank: 84
JMHI Omega Ratio Rank: 87
JMHI Calmar Ratio Rank: 56
JMHI Martin Ratio Rank: 60

ASTX

ASTX Risk / Return Rank: 9
ASTX Sharpe Ratio Rank: 6
ASTX Sortino Ratio Rank: 17
ASTX Omega Ratio Rank: 16
ASTX Calmar Ratio Rank: 3
ASTX Martin Ratio Rank: 2

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.

JMHI vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Municipal ETF (JMHI) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JMHI	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	-0.33	+2.42
Sortino ratio: Return per unit of downside risk	3.04	0.75	+2.29
Omega ratio: Gain probability vs. loss probability	1.43	1.08	+0.34
Calmar ratio: Return relative to maximum drawdown	2.26	-0.80	+3.06
Martin ratio: Return relative to average drawdown	8.24	-1.35	+9.59

JMHI vs. ASTX - Sharpe Ratio Comparison

The current JMHI Sharpe Ratio is 2.09, which is higher than the ASTX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of JMHI and ASTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMHI vs. ASTX - Drawdown Comparison

The maximum JMHI drawdown since its inception was -7.11%, smaller than the maximum ASTX drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for JMHI and ASTX.

Drawdown Indicators

	JMHI	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-7.11%	-90.27%	+83.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-90.27%	+87.34%
Max Drawdown (3Y) Largest decline over 3 years	-7.11%	—	—
Current Drawdown Current decline from peak	-0.95%	-90.27%	+89.32%
Average Drawdown Average peak-to-trough decline	-1.25%	-47.79%	+46.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	53.28%	-52.47%

Volatility

JMHI vs. ASTX - Volatility Comparison

The current volatility for JPMorgan High Yield Municipal ETF (JMHI) is 0.93%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 69.77%. This indicates that JMHI experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMHI	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	69.77%	-68.84%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	167.24%	-164.79%
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	217.86%	-214.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.44%	217.27%	-212.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.44%	217.27%	-212.83%

JMHI vs. ASTX - Expense Ratio Comparison

JMHI has a 0.35% expense ratio, which is lower than ASTX's 1.30% expense ratio.

Dividends

JMHI vs. ASTX - Dividend Comparison

JMHI's dividend yield for the trailing twelve months is around 4.50%, while ASTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ASTX Tradr 2X Long ASTS Daily ETF	0.00%	0.00%	0.00%	0.00%
JMHI JPMorgan High Yield Municipal ETF	4.50%	4.42%	4.49%	2.48%

Frequently Asked Questions

Can I hold both JMHI and ASTX in my portfolio?

JMHI and ASTX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMHI or ASTX?

ASTX has higher volatility (69.77%) compared to JMHI (0.93%). In terms of maximum drawdown, JMHI dropped -7.11% vs ASTX's -90.27%.

Which ETF is better, JMHI or ASTX?

On 1-year performance, JMHI leads with 6.62% vs -72.09% for ASTX. On fees, JMHI is cheaper at 0.35% per year. On volatility, JMHI has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMHI or ASTX?

Over the 1-year period, JMHI has performed better with a 6.62% return vs -72.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMHI or ASTX?

JMHI is cheaper with a 0.35% expense ratio, compared with 1.30% for ASTX.

Which ETF pays a higher dividend yield, JMHI or ASTX?

JMHI has the higher dividend yield at 4.50%, compared with 0.00% for ASTX.

What is the main difference between JMHI and ASTX?

JMHI is categorized as High Yield Muni, while ASTX is Leveraged Equities. They also come from different issuers: JPMorgan and Tradr. Their fees differ too: 0.35% for JMHI and 1.30% for ASTX.

Which has better risk-adjusted returns?

JMHI currently has the higher Sharpe Ratio (2.09 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.