OSTAX vs. SUB
Compare and contrast key facts about JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and iShares Short-Term National Muni Bond ETF (SUB).
OSTAX is managed by JPMorgan. It was launched on May 3, 1998. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008.
Performance
OSTAX vs. SUB - Performance Comparison
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OSTAX vs. SUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | -0.29% | 3.89% | 1.64% | 3.13% | -5.27% | -0.26% | 3.02% | 4.31% | 0.80% | 2.01% |
SUB iShares Short-Term National Muni Bond ETF | 0.23% | 3.64% | 2.17% | 2.91% | -2.05% | 0.03% | 2.51% | 2.93% | 1.85% | 0.75% |
Returns By Period
In the year-to-date period, OSTAX achieves a -0.29% return, which is significantly lower than SUB's 0.23% return. Over the past 10 years, OSTAX has underperformed SUB with an annualized return of 1.11%, while SUB has yielded a comparatively higher 1.46% annualized return.
OSTAX
- 1D
- 0.00%
- 1M
- -1.46%
- YTD
- -0.29%
- 6M
- 0.17%
- 1Y
- 2.72%
- 3Y*
- 2.25%
- 5Y*
- 0.63%
- 10Y*
- 1.11%
SUB
- 1D
- 0.04%
- 1M
- -0.66%
- YTD
- 0.23%
- 6M
- 1.01%
- 1Y
- 3.37%
- 3Y*
- 2.75%
- 5Y*
- 1.39%
- 10Y*
- 1.46%
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OSTAX vs. SUB - Expense Ratio Comparison
OSTAX has a 0.87% expense ratio, which is higher than SUB's 0.07% expense ratio.
Return for Risk
OSTAX vs. SUB — Risk / Return Rank
OSTAX
SUB
OSTAX vs. SUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and iShares Short-Term National Muni Bond ETF (SUB). 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.
| OSTAX | SUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 2.25 | -0.80 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.71 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.61 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.82 | -1.35 |
Martin ratioReturn relative to average drawdown | 5.67 | 10.30 | -4.63 |
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
| OSTAX | SUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 2.25 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.85 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.56 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.42 | +0.74 |
Correlation
The correlation between OSTAX and SUB is 0.31, 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
OSTAX vs. SUB - Dividend Comparison
OSTAX's dividend yield for the trailing twelve months is around 2.40%, less than SUB's 2.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.40% | 2.62% | 2.52% | 1.88% | 1.33% | 1.03% | 1.20% | 1.56% | 1.56% | 1.03% | 1.45% | 0.68% |
SUB iShares Short-Term National Muni Bond ETF | 2.47% | 2.42% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.58% | 1.32% | 0.95% | 0.75% | 0.77% |
Drawdowns
OSTAX vs. SUB - Drawdown Comparison
The maximum OSTAX drawdown since its inception was -8.72%, smaller than the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for OSTAX and SUB.
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Drawdown Indicators
| OSTAX | SUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -9.46% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -1.23% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | -4.35% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -9.46% | +0.74% |
Current DrawdownCurrent decline from peak | -1.46% | -0.66% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -0.92% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.34% | +0.19% |
Volatility
OSTAX vs. SUB - Volatility Comparison
JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) has a higher volatility of 0.59% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.53%. This indicates that OSTAX's price experiences larger fluctuations and is considered to be riskier than SUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSTAX | SUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.53% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 0.80% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 1.51% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 1.64% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.34% | 2.59% | -0.25% |