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SMMU vs. JMST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SMMU and JMST is 0.06, 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.


Performance

SMMU vs. JMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Short Term Municipal Bond Active ETF (SMMU) and JPMorgan Ultra-Short Municipal Income ETF (JMST). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SMMU:

1.38

JMST:

3.86

Sortino Ratio

SMMU:

1.81

JMST:

5.83

Omega Ratio

SMMU:

1.32

JMST:

2.05

Calmar Ratio

SMMU:

1.61

JMST:

4.86

Martin Ratio

SMMU:

6.85

JMST:

26.03

Ulcer Index

SMMU:

0.46%

JMST:

0.13%

Daily Std Dev

SMMU:

2.20%

JMST:

0.89%

Max Drawdown

SMMU:

-5.08%

JMST:

-2.41%

Current Drawdown

SMMU:

-0.42%

JMST:

-0.01%

Returns By Period

In the year-to-date period, SMMU achieves a 0.90% return, which is significantly lower than JMST's 1.08% return.


SMMU

YTD

0.90%

1M

1.57%

6M

1.02%

1Y

3.00%

5Y*

1.73%

10Y*

1.65%

JMST

YTD

1.08%

1M

0.49%

6M

1.47%

1Y

3.40%

5Y*

1.87%

10Y*

N/A

*Annualized

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SMMU vs. JMST - Expense Ratio Comparison

SMMU has a 0.35% expense ratio, which is higher than JMST's 0.18% expense ratio.


Risk-Adjusted Performance

SMMU vs. JMST — Risk-Adjusted Performance Rank

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

SMMU
The Risk-Adjusted Performance Rank of SMMU is 9090
Overall Rank
The Sharpe Ratio Rank of SMMU is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of SMMU is 8888
Sortino Ratio Rank
The Omega Ratio Rank of SMMU is 9292
Omega Ratio Rank
The Calmar Ratio Rank of SMMU is 9191
Calmar Ratio Rank
The Martin Ratio Rank of SMMU is 9090
Martin Ratio Rank

JMST
The Risk-Adjusted Performance Rank of JMST is 9898
Overall Rank
The Sharpe Ratio Rank of JMST is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of JMST is 9898
Sortino Ratio Rank
The Omega Ratio Rank of JMST is 9999
Omega Ratio Rank
The Calmar Ratio Rank of JMST is 9797
Calmar Ratio Rank
The Martin Ratio Rank of JMST is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SMMU vs. JMST - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Municipal Bond Active ETF (SMMU) 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.


The current SMMU Sharpe Ratio is 1.38, which is lower than the JMST Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of SMMU and JMST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

SMMU vs. JMST - Dividend Comparison

SMMU's dividend yield for the trailing twelve months is around 2.93%, less than JMST's 3.19% yield.


TTM20242023202220212020201920182017201620152014
SMMU
PIMCO Short Term Municipal Bond Active ETF
2.93%3.03%3.29%1.37%0.60%1.19%1.82%1.73%1.41%1.03%0.89%0.67%
JMST
JPMorgan Ultra-Short Municipal Income ETF
3.19%3.32%3.09%1.10%0.27%0.87%1.63%0.34%0.00%0.00%0.00%0.00%

Drawdowns

SMMU vs. JMST - Drawdown Comparison

The maximum SMMU drawdown since its inception was -5.08%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for SMMU and JMST. For additional features, visit the drawdowns tool.


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Volatility

SMMU vs. JMST - Volatility Comparison


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