JMHI vs. YYYM

Last updated Jun 25, 2026

JMHI (JPMorgan High Yield Municipal ETF) and YYYM (Amplify Municipal CEF High Income ETF) are both High Yield Muni funds. JMHI is actively managed, while YYYM is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. JMHI charges 0.35%/yr vs 2.78%/yr for YYYM.

Performance

JMHI vs. YYYM - Performance Comparison

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

Returns By Period

JMHI

• 1D: 0.29%
• 1M: 1.69%
• YTD: 2.29%
• 6M: 2.46%
• 1Y: 6.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YYYM

• 1D: 0.25%
• 1M: 3.61%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMHI vs. YYYM - Yearly Performance Comparison

	2026 (YTD)
JMHI JPMorgan High Yield Municipal ETF	1.14%
YYYM Amplify Municipal CEF High Income ETF	1.96%

Correlation

The correlation between JMHI and YYYM is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026	0.57

Return for Risk

JMHI vs. YYYM — Risk / Return Rank

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

JMHI

JMHI Risk / Return Rank: 68
JMHI Sharpe Ratio Rank: 75
JMHI Sortino Ratio Rank: 78
JMHI Omega Ratio Rank: 82
JMHI Calmar Ratio Rank: 52
JMHI Martin Ratio Rank: 52

YYYM

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

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. YYYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Municipal ETF (JMHI) and Amplify Municipal CEF High Income ETF (YYYM). 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	YYYM	Difference
Sharpe ratio: Return per unit of total volatility	2.07	—	—
Sortino ratio: Return per unit of downside risk	3.01	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	7.81	—	—

Drawdowns

JMHI vs. YYYM - Drawdown Comparison

The maximum JMHI drawdown since its inception was -7.11%, which is greater than YYYM's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for JMHI and YYYM.

Drawdown Indicators

	JMHI	YYYM	Difference
Max Drawdown Largest peak-to-trough decline	-7.11%	-5.28%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.27%	-1.10%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	—	—

Volatility

Volatility by Period

	JMHI	YYYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	9.92%	-6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.46%	9.92%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	9.92%	-5.46%

JMHI vs. YYYM - Expense Ratio Comparison

JMHI has a 0.35% expense ratio, which is lower than YYYM's 2.78% expense ratio.

Dividends

JMHI vs. YYYM - Dividend Comparison

JMHI's dividend yield for the trailing twelve months is around 4.51%, more than YYYM's 1.19% yield.

Position	TTM	2025	2024	2023
JMHI JPMorgan High Yield Municipal ETF	4.51%	4.42%	4.49%	2.48%
YYYM Amplify Municipal CEF High Income ETF	1.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMHI and YYYM in my portfolio?

JMHI and YYYM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMHI or YYYM?

On fees, JMHI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMHI or YYYM?

JMHI is cheaper with a 0.35% expense ratio, compared with 2.78% for YYYM.

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

JMHI has the higher dividend yield at 4.51%, compared with 1.19% for YYYM.

What is the main difference between JMHI and YYYM?

They also come from different issuers: JPMorgan and Amplify. Their fees differ too: 0.35% for JMHI and 2.78% for YYYM.