LITX vs. JMST

Last updated Jun 24, 2026

LITX (Tradr 2X Long LITE Daily ETF) and JMST (JPMorgan Ultra-Short Municipal Income ETF) are both exchange-traded funds - LITX is a Leveraged Equities fund actively managed by Tradr, while JMST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. LITX charges 1.49%/yr vs 0.18%/yr for JMST.

Performance

LITX vs. JMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long LITE Daily ETF (LITX) and JPMorgan Ultra-Short Municipal Income ETF (JMST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LITX

• 1D: -14.44%
• 1M: -29.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JMST

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.13%
• 6M: 1.20%
• 1Y: 2.89%
• 3Y*: 3.35%
• 5Y*: 2.30%
• 10Y*: —

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

LITX vs. JMST - Yearly Performance Comparison

	2026 (YTD)
LITX Tradr 2X Long LITE Daily ETF	246.06%
JMST JPMorgan Ultra-Short Municipal Income ETF	0.85%

Correlation

The correlation between LITX and JMST is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	-0.11

Return for Risk

LITX vs. JMST — Risk / Return Rank

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

LITX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JMST

JMST Risk / Return Rank: 98
JMST Sharpe Ratio Rank: 98
JMST Sortino Ratio Rank: 98
JMST Omega Ratio Rank: 98
JMST Calmar Ratio Rank: 98
JMST Martin Ratio Rank: 98

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.

LITX vs. JMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long LITE Daily ETF (LITX) and JPMorgan Ultra-Short Municipal Income ETF (JMST). 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.

	LITX	JMST	Difference
Sharpe ratio: Return per unit of total volatility	—	4.85	—
Sortino ratio: Return per unit of downside risk	—	7.92	—
Omega ratio: Gain probability vs. loss probability	—	2.42	—
Calmar ratio: Return relative to maximum drawdown	—	11.38	—
Martin ratio: Return relative to average drawdown	—	61.83	—

Drawdowns

LITX vs. JMST - Drawdown Comparison

The maximum LITX drawdown since its inception was -51.46%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for LITX and JMST.

Drawdown Indicators

	LITX	JMST	Difference
Max Drawdown Largest peak-to-trough decline	-51.46%	-2.41%	-49.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.15%	—
Current Drawdown Current decline from peak	-45.05%	0.00%	-45.05%
Average Drawdown Average peak-to-trough decline	-17.11%	-0.12%	-16.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.05%	—

Volatility

Volatility by Period

	LITX	JMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	196.66%	0.60%	+196.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	196.66%	0.83%	+195.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	196.66%	1.13%	+195.53%

LITX vs. JMST - Expense Ratio Comparison

LITX has a 1.49% expense ratio, which is higher than JMST's 0.18% expense ratio.

Dividends

LITX vs. JMST - Dividend Comparison

LITX has not paid dividends to shareholders, while JMST's dividend yield for the trailing twelve months is around 2.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JMST JPMorgan Ultra-Short Municipal Income ETF	2.65%	2.84%	3.32%	3.09%	1.10%	0.27%	0.87%	1.63%	0.28%
LITX Tradr 2X Long LITE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LITX and JMST in my portfolio?

LITX and JMST have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LITX or JMST?

On fees, JMST is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LITX or JMST?

JMST is cheaper with a 0.18% expense ratio, compared with 1.49% for LITX.

Which ETF pays a higher dividend yield, LITX or JMST?

JMST has the higher dividend yield at 2.65%, compared with 0.00% for LITX.

What is the main difference between LITX and JMST?

LITX is categorized as Leveraged Equities, while JMST is Ultrashort Bond. They also come from different issuers: Tradr and JPMorgan. Their fees differ too: 1.49% for LITX and 0.18% for JMST.