JMST vs. FUMB
Compare and contrast key facts about JPMorgan Ultra-Short Municipal Income ETF (JMST) and First Trust Ultra Short Duration Municipal ETF (FUMB).
JMST and FUMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018. FUMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMST or FUMB.
Performance
JMST vs. FUMB - Performance Comparison
Returns By Period
In the year-to-date period, JMST achieves a 3.01% return, which is significantly higher than FUMB's 2.63% return.
JMST
3.01%
0.28%
1.92%
3.92%
1.84%
N/A
FUMB
2.63%
0.18%
1.70%
3.14%
1.46%
N/A
Key characteristics
| JMST | FUMB | |
|---|---|---|
| Sharpe Ratio | 5.22 | 2.31 |
| Sortino Ratio | 9.47 | 3.46 |
| Omega Ratio | 2.32 | 1.50 |
| Calmar Ratio | 23.91 | 6.64 |
| Martin Ratio | 104.88 | 29.89 |
| Ulcer Index | 0.04% | 0.11% |
| Daily Std Dev | 0.77% | 1.43% |
| Max Drawdown | -2.41% | -2.68% |
| Current Drawdown | 0.00% | 0.00% |
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JMST vs. FUMB - Expense Ratio Comparison
JMST has a 0.18% expense ratio, which is lower than FUMB's 0.35% expense ratio.
Correlation
The correlation between JMST and FUMB is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
JMST vs. FUMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Municipal Income ETF (JMST) and First Trust Ultra Short Duration Municipal ETF (FUMB). 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.
Dividends
JMST vs. FUMB - Dividend Comparison
JMST's dividend yield for the trailing twelve months is around 3.35%, more than FUMB's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.35% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% |
FUMB First Trust Ultra Short Duration Municipal ETF | 2.74% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
Drawdowns
JMST vs. FUMB - Drawdown Comparison
The maximum JMST drawdown since its inception was -2.41%, smaller than the maximum FUMB drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for JMST and FUMB. For additional features, visit the drawdowns tool.
Volatility
JMST vs. FUMB - Volatility Comparison
JPMorgan Ultra-Short Municipal Income ETF (JMST) and First Trust Ultra Short Duration Municipal ETF (FUMB) have volatilities of 0.30% and 0.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.