MUB vs. JMUB
Compare and contrast key facts about iShares National AMT-Free Muni Bond ETF (MUB) and JPMorgan Municipal ETF (JMUB).
MUB and JMUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. JMUB is an actively managed fund by JPMorgan. It was launched on Oct 29, 2018.
Performance
MUB vs. JMUB - Performance Comparison
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MUB vs. JMUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | -0.37% | 3.78% | 1.26% | 5.56% | -7.34% | 1.02% | 5.12% | 7.06% | 2.47% |
JMUB JPMorgan Municipal ETF | -0.44% | 4.34% | 1.88% | 5.96% | -7.43% | 1.58% | 4.98% | 8.37% | 2.81% |
Returns By Period
In the year-to-date period, MUB achieves a -0.37% return, which is significantly higher than JMUB's -0.44% return.
MUB
- 1D
- 0.19%
- 1M
- -2.28%
- YTD
- -0.37%
- 6M
- 1.28%
- 1Y
- 3.94%
- 3Y*
- 2.53%
- 5Y*
- 0.79%
- 10Y*
- 1.96%
JMUB
- 1D
- 0.08%
- 1M
- -2.26%
- YTD
- -0.44%
- 6M
- 0.84%
- 1Y
- 3.63%
- 3Y*
- 3.07%
- 5Y*
- 1.18%
- 10Y*
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MUB vs. JMUB - Expense Ratio Comparison
MUB has a 0.07% expense ratio, which is lower than JMUB's 0.18% expense ratio. Despite the difference, 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
MUB vs. JMUB — Risk / Return Rank
MUB
JMUB
MUB vs. JMUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) and JPMorgan Municipal ETF (JMUB). 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.
| MUB | JMUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.07 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.37 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.11 | +0.16 |
Martin ratioReturn relative to average drawdown | 4.07 | 4.20 | -0.13 |
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
| MUB | JMUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.07 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.36 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.69 | -0.12 |
Correlation
The correlation between MUB and JMUB is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MUB vs. JMUB - Dividend Comparison
MUB's dividend yield for the trailing twelve months is around 3.19%, less than JMUB's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
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% |
Drawdowns
MUB vs. JMUB - Drawdown Comparison
The maximum MUB drawdown since its inception was -13.68%, which is greater than JMUB's maximum drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for MUB and JMUB.
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Drawdown Indicators
| MUB | JMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.68% | -12.50% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -3.47% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -11.88% | -12.06% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -13.68% | — | — |
Current DrawdownCurrent decline from peak | -2.28% | -2.26% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -2.54% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.92% | +0.11% |
Volatility
MUB vs. JMUB - Volatility Comparison
iShares National AMT-Free Muni Bond ETF (MUB) has a higher volatility of 1.53% compared to JPMorgan Municipal ETF (JMUB) at 1.23%. This indicates that MUB's price experiences larger fluctuations and is considered to be riskier than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUB | JMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.23% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 1.64% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.41% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 3.30% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 4.17% | +0.74% |