MUST vs. JMSI
Compare and contrast key facts about Columbia Multi-Sector Municipal Income ETF (MUST) and J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI).
MUST and JMSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018. JMSI is an actively managed fund by JPMorgan. It was launched on Feb 9, 1993.
Performance
MUST vs. JMSI - Performance Comparison
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MUST vs. JMSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 0.02% | 4.92% | 0.37% | 3.36% |
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | -0.68% | 4.40% | 2.77% | 2.70% |
Returns By Period
In the year-to-date period, MUST achieves a 0.02% return, which is significantly higher than JMSI's -0.68% return.
MUST
- 1D
- 0.34%
- 1M
- -2.40%
- YTD
- 0.02%
- 6M
- 1.52%
- 1Y
- 5.29%
- 3Y*
- 2.90%
- 5Y*
- 0.78%
- 10Y*
- —
JMSI
- 1D
- 0.14%
- 1M
- -2.46%
- YTD
- -0.68%
- 6M
- 0.89%
- 1Y
- 3.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MUST vs. JMSI - Expense Ratio Comparison
MUST has a 0.23% expense ratio, which is higher than JMSI's 0.18% 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
MUST vs. JMSI — Risk / Return Rank
MUST
JMSI
MUST vs. JMSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) and J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI). 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.
| MUST | JMSI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.92 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.20 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.22 | -0.05 |
Martin ratioReturn relative to average drawdown | 4.26 | 3.93 | +0.33 |
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
| MUST | JMSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.92 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.90 | -0.39 |
Correlation
The correlation between MUST and JMSI is 0.49, 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
MUST vs. JMSI - Dividend Comparison
MUST's dividend yield for the trailing twelve months is around 3.29%, less than JMSI's 3.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 3.29% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% |
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | 3.69% | 3.65% | 3.66% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUST vs. JMSI - Drawdown Comparison
The maximum MUST drawdown since its inception was -13.83%, which is greater than JMSI's maximum drawdown of -4.57%. Use the drawdown chart below to compare losses from any high point for MUST and JMSI.
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Drawdown Indicators
| MUST | JMSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -4.57% | -9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -2.98% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.57% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -0.88% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.93% | +0.32% |
Volatility
MUST vs. JMSI - Volatility Comparison
Columbia Multi-Sector Municipal Income ETF (MUST) has a higher volatility of 1.84% compared to J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) at 1.41%. This indicates that MUST's price experiences larger fluctuations and is considered to be riskier than JMSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUST | JMSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.41% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 2.00% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 3.99% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 3.77% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 3.77% | +1.83% |