JMUB vs. AGG
Compare and contrast key facts about JPMorgan Municipal ETF (JMUB) and iShares Core U.S. Aggregate Bond ETF (AGG).
JMUB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMUB is an actively managed fund by JPMorgan. It was launched on Oct 29, 2018. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Performance
JMUB vs. AGG - Performance Comparison
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JMUB vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | -0.44% | 4.34% | 1.88% | 5.96% | -7.43% | 1.58% | 4.98% | 8.37% | 2.81% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.02% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 2.52% |
Returns By Period
In the year-to-date period, JMUB achieves a -0.44% return, which is significantly lower than AGG's 0.02% return.
JMUB
- 1D
- 0.08%
- 1M
- -2.26%
- YTD
- -0.44%
- 6M
- 0.84%
- 1Y
- 3.63%
- 3Y*
- 3.07%
- 5Y*
- 1.18%
- 10Y*
- —
AGG
- 1D
- 0.23%
- 1M
- -1.79%
- YTD
- 0.02%
- 6M
- 0.97%
- 1Y
- 4.36%
- 3Y*
- 3.59%
- 5Y*
- 0.23%
- 10Y*
- 1.66%
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JMUB vs. AGG - Expense Ratio Comparison
JMUB has a 0.18% expense ratio, which is higher than AGG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
JMUB vs. AGG — Risk / Return Rank
JMUB
AGG
JMUB vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| JMUB | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.00 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.42 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.81 | -0.70 |
Martin ratioReturn relative to average drawdown | 4.20 | 5.07 | -0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMUB | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.00 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.04 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.59 | +0.10 |
Correlation
The correlation between JMUB and AGG is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JMUB vs. AGG - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.60%, less than AGG's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 3.60% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
JMUB vs. AGG - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for JMUB and AGG.
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Drawdown Indicators
| JMUB | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.50% | -18.43% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -2.52% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -17.82% | +5.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -2.26% | -2.36% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -2.71% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.90% | +0.02% |
Volatility
JMUB vs. AGG - Volatility Comparison
The current volatility for JPMorgan Municipal ETF (JMUB) is 1.23%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.66%. This indicates that JMUB experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMUB | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.66% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 2.55% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 4.37% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 6.07% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 5.39% | -1.22% |