JMUB vs. IBMO
JMUB (JPMorgan Municipal ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both Municipal Bonds funds. JMUB is actively managed, while IBMO is passively managed. Over the past 5 years, JMUB returned 1.27%/yr vs 0.72%/yr for IBMO. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
JMUB vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, JMUB achieves a 1.47% return, which is significantly higher than IBMO's 1.03% return.
JMUB
- 1D
- -0.01%
- 1M
- 1.27%
- YTD
- 1.47%
- 6M
- 1.63%
- 1Y
- 5.65%
- 3Y*
- 3.69%
- 5Y*
- 1.27%
- 10Y*
- —
IBMO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 1.03%
- 6M
- 1.02%
- 1Y
- 2.62%
- 3Y*
- 2.80%
- 5Y*
- 0.72%
- 10Y*
- —
JMUB vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 1.47% | 4.34% | 1.88% | 5.96% | -7.43% | 1.58% | 4.98% | 5.14% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.03% | 3.11% | 1.97% | 2.90% | -5.36% | -0.16% | 5.48% | 4.69% |
Correlation
The correlation between JMUB and IBMO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | 0.55 |
Over the past year, the correlation between JMUB and IBMO has dropped to 0.14 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
JMUB vs. IBMO — Risk / Return Rank
JMUB
IBMO
JMUB vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.
| JMUB | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.49 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 6.95 | -4.73 |
| Martin ratioReturn relative to average drawdown | 7.63 | 20.64 | -13.01 |
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Drawdowns
JMUB vs. IBMO - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for JMUB and IBMO.
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Drawdown Indicators
| JMUB | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.50% | -14.77% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -0.38% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.79% | -1.76% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -8.86% | -3.20% |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -2.31% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.13% | +0.61% |
Volatility
JMUB vs. IBMO - Volatility Comparison
JPMorgan Municipal ETF (JMUB) has a higher volatility of 0.69% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.22%. This indicates that JMUB's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMUB | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.22% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 0.79% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 1.10% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 2.14% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 4.50% | -0.37% |
JMUB vs. IBMO - Expense Ratio Comparison
Both JMUB and IBMO 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
JMUB vs. IBMO - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.59%, more than IBMO's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% | 0.00% |
JMUB JPMorgan Municipal ETF | 3.59% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% |
Frequently Asked Questions
JMUB and IBMO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMUB has higher volatility (0.69%) compared to IBMO (0.22%). In terms of maximum drawdown, JMUB dropped -12.50% vs IBMO's -14.77%.
On 5-year performance, JMUB leads with 1.27% vs 0.72% for IBMO. Both ETFs have the same 0.18% expense ratio. On volatility, IBMO has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JMUB has performed better with a 1.27% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMUB and IBMO have the same expense ratio: 0.18% per year.
JMUB has the higher dividend yield at 3.59%, compared with 2.39% for IBMO.
They also come from different issuers: JPMorgan and iShares.
IBMO currently has the higher Sharpe Ratio (2.39 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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