JMSI vs. IBMM

Last updated Jun 4, 2026

JMSI (J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. JMSI is actively managed, while IBMM is passively managed. Both charge a 0.18% expense ratio.

Performance

JMSI vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JMSI

• 1D: -0.13%
• 1M: 0.57%
• YTD: 1.06%
• 6M: 1.41%
• 1Y: 6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMM

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

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

JMSI vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund	0.12%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

JMSI vs. IBMM — Risk / Return Rank

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

JMSI

JMSI Risk / Return Rank: 58
JMSI Sharpe Ratio Rank: 64
JMSI Sortino Ratio Rank: 68
JMSI Omega Ratio Rank: 73
JMSI Calmar Ratio Rank: 42
JMSI Martin Ratio Rank: 44

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.

JMSI vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

	JMSI	IBMM	Difference
Sharpe ratio Return per unit of total volatility	2.10	—	—
Sortino ratio Return per unit of downside risk	3.09	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	2.05	—	—
Martin ratio Return relative to average drawdown	7.06	—	—
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

	JMSI	IBMM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	—	—

Drawdowns

JMSI vs. IBMM - Drawdown Comparison

The maximum JMSI drawdown since its inception was -4.57%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for JMSI and IBMM.

Drawdown Indicators

	JMSI	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-4.57%	0.00%	-4.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	—	—
Current Drawdown Current decline from peak	-0.87%	0.00%	-0.87%
Average Drawdown Average peak-to-trough decline	-0.92%	0.00%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	JMSI	IBMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.91%	0.00%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	0.00%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	0.00%	+3.73%

JMSI vs. IBMM - Expense Ratio Comparison

Both JMSI and IBMM have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JMSI vs. IBMM - Dividend Comparison

JMSI's dividend yield for the trailing twelve months is around 3.65%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund	3.65%	3.65%	3.66%	1.79%

Frequently Asked Questions

Which ETF is better, JMSI or IBMM?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMSI or IBMM?

JMSI and IBMM have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, JMSI or IBMM?

JMSI has the higher dividend yield at 3.65%, compared with 0.00% for IBMM.

What is the main difference between JMSI and IBMM?

They also come from different issuers: JPMorgan and iShares.