KSMUX vs. USMTX
Compare and contrast key facts about Kansas Municipal Fund (KSMUX) and JPMorgan Ultra-Short Municipal Fund (USMTX).
KSMUX is managed by IntegrityVikingFunds. It was launched on Nov 14, 1990. USMTX is managed by JPMorgan. It was launched on May 30, 2016.
Performance
KSMUX vs. USMTX - Performance Comparison
Loading graphics...
KSMUX vs. USMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KSMUX Kansas Municipal Fund | -0.21% | 3.35% | -1.06% | 4.53% | -9.55% | 0.19% | 4.69% | 5.59% | 0.79% | 3.41% |
USMTX JPMorgan Ultra-Short Municipal Fund | 0.32% | 2.96% | 3.30% | 3.46% | -0.71% | -0.05% | 1.07% | 2.01% | 1.32% | 0.88% |
Returns By Period
In the year-to-date period, KSMUX achieves a -0.21% return, which is significantly lower than USMTX's 0.32% return.
KSMUX
- 1D
- 0.21%
- 1M
- -2.06%
- YTD
- -0.21%
- 6M
- 1.46%
- 1Y
- 3.88%
- 3Y*
- 1.44%
- 5Y*
- -0.44%
- 10Y*
- 0.97%
USMTX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.32%
- 6M
- 0.91%
- 1Y
- 2.68%
- 3Y*
- 3.01%
- 5Y*
- 1.85%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KSMUX vs. USMTX - Expense Ratio Comparison
KSMUX has a 0.98% expense ratio, which is higher than USMTX's 0.24% expense ratio.
Return for Risk
KSMUX vs. USMTX — Risk / Return Rank
KSMUX
USMTX
KSMUX vs. USMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kansas Municipal Fund (KSMUX) and JPMorgan Ultra-Short Municipal Fund (USMTX). 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.
| KSMUX | USMTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 3.86 | -3.16 |
Sortino ratioReturn per unit of downside risk | 1.01 | 6.92 | -5.90 |
Omega ratioGain probability vs. loss probability | 1.26 | 3.29 | -2.03 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 6.97 | -6.15 |
Martin ratioReturn relative to average drawdown | 2.83 | 36.30 | -33.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| KSMUX | USMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 3.86 | -3.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 2.60 | -2.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 2.09 | -1.49 |
Correlation
The correlation between KSMUX and USMTX is 0.33, 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.
Dividends
KSMUX vs. USMTX - Dividend Comparison
KSMUX's dividend yield for the trailing twelve months is around 2.94%, more than USMTX's 2.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KSMUX Kansas Municipal Fund | 2.94% | 3.13% | 2.76% | 2.33% | 2.00% | 1.64% | 1.83% | 2.70% | 2.75% | 2.93% | 2.88% | 2.57% |
USMTX JPMorgan Ultra-Short Municipal Fund | 2.55% | 2.62% | 3.05% | 2.58% | 0.89% | 0.25% | 0.76% | 1.49% | 1.31% | 0.78% | 0.00% | 0.00% |
Drawdowns
KSMUX vs. USMTX - Drawdown Comparison
The maximum KSMUX drawdown since its inception was -14.61%, which is greater than USMTX's maximum drawdown of -1.98%. Use the drawdown chart below to compare losses from any high point for KSMUX and USMTX.
Loading graphics...
Drawdown Indicators
| KSMUX | USMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.61% | -1.98% | -12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -0.40% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.96% | -1.92% | -12.04% |
Max Drawdown (10Y)Largest decline over 10 years | -13.96% | — | — |
Current DrawdownCurrent decline from peak | -3.87% | -0.30% | -3.57% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -0.19% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.08% | +1.63% |
Volatility
KSMUX vs. USMTX - Volatility Comparison
Kansas Municipal Fund (KSMUX) has a higher volatility of 1.04% compared to JPMorgan Ultra-Short Municipal Fund (USMTX) at 0.22%. This indicates that KSMUX's price experiences larger fluctuations and is considered to be riskier than USMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| KSMUX | USMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.22% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 0.40% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 0.70% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 0.72% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 0.75% | +3.19% |