JMHI vs. HYMU

Last updated Jun 3, 2026

JMHI (JPMorgan High Yield Municipal ETF) and HYMU (BlackRock High Yield Muni Income Bond ETF) are both High Yield Muni funds. Both are actively managed. Both charge a 0.35% expense ratio.

Performance

JMHI vs. HYMU - Performance Comparison

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

Returns By Period

JMHI

• 1D: 0.05%
• 1M: 0.52%
• YTD: 1.56%
• 6M: 1.62%
• 1Y: 6.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYMU

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

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

JMHI vs. HYMU - Yearly Performance Comparison

	2026 (YTD)
JMHI JPMorgan High Yield Municipal ETF	0.20%
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%

Return for Risk

JMHI vs. HYMU — Risk / Return Rank

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

JMHI

JMHI Risk / Return Rank: 54
JMHI Sharpe Ratio Rank: 58
JMHI Sortino Ratio Rank: 60
JMHI Omega Ratio Rank: 65
JMHI Calmar Ratio Rank: 42
JMHI Martin Ratio Rank: 45

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. HYMU - Risk-Adjusted Trends Comparison

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

	JMHI	HYMU	Difference
Sharpe ratio Return per unit of total volatility	2.00	—	—
Sortino ratio Return per unit of downside risk	2.88	—	—
Omega ratio Gain probability vs. loss probability	1.40	—	—
Calmar ratio Return relative to maximum drawdown	2.16	—	—
Martin ratio Return relative to average drawdown	7.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JMHI	HYMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	—	—

Drawdowns

JMHI vs. HYMU - Drawdown Comparison

The maximum JMHI drawdown since its inception was -7.11%, which is greater than HYMU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for JMHI and HYMU.

Drawdown Indicators

	JMHI	HYMU	Difference
Max Drawdown Largest peak-to-trough decline	-7.11%	0.00%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	—	—
Current Drawdown Current decline from peak	-0.51%	0.00%	-0.51%
Average Drawdown Average peak-to-trough decline	-1.29%	0.00%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	—	—

Volatility

Volatility by Period

	JMHI	HYMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	0.00%	+3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	0.00%	+4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	0.00%	+4.50%

JMHI vs. HYMU - Expense Ratio Comparison

Both JMHI and HYMU have an expense ratio of 0.35%.

Dividends

JMHI vs. HYMU - Dividend Comparison

JMHI's dividend yield for the trailing twelve months is around 4.54%, while HYMU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%	0.00%	0.00%	0.00%
JMHI JPMorgan High Yield Municipal ETF	4.54%	4.42%	4.49%	2.48%

Frequently Asked Questions

Which ETF is better, JMHI or HYMU?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMHI or HYMU?

JMHI and HYMU have the same expense ratio: 0.35% per year.

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

JMHI has the higher dividend yield at 4.54%, compared with 0.00% for HYMU.

What is the main difference between JMHI and HYMU?

They also come from different issuers: JPMorgan and BlackRock.