PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SMMU vs. JMST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SMMUJMST
YTD Return0.73%1.01%
1Y Return4.13%3.40%
3Y Return (Ann)1.02%1.61%
5Y Return (Ann)1.57%1.64%
Sharpe Ratio2.244.13
Daily Std Dev1.84%0.84%
Max Drawdown-5.08%-2.41%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.2

The correlation between SMMU and JMST is 0.23, 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

In the year-to-date period, SMMU achieves a 0.73% return, which is significantly lower than JMST's 1.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


8.00%9.00%10.00%11.00%December2024FebruaryMarchAprilMay
11.11%
10.17%
SMMU
JMST

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PIMCO Short Term Municipal Bond Active ETF

JPMorgan Ultra-Short Municipal Income ETF

SMMU vs. JMST - Expense Ratio Comparison

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


SMMU
PIMCO Short Term Municipal Bond Active ETF
Expense ratio chart for SMMU: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for JMST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

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.


SMMU
Sharpe ratio
The chart of Sharpe ratio for SMMU, currently valued at 2.24, compared to the broader market0.002.004.002.24
Sortino ratio
The chart of Sortino ratio for SMMU, currently valued at 3.59, compared to the broader market-2.000.002.004.006.008.0010.003.59
Omega ratio
The chart of Omega ratio for SMMU, currently valued at 1.47, compared to the broader market0.501.001.502.002.501.47
Calmar ratio
The chart of Calmar ratio for SMMU, currently valued at 2.11, compared to the broader market0.002.004.006.008.0010.0012.0014.002.11
Martin ratio
The chart of Martin ratio for SMMU, currently valued at 10.71, compared to the broader market0.0020.0040.0060.0080.0010.71
JMST
Sharpe ratio
The chart of Sharpe ratio for JMST, currently valued at 4.13, compared to the broader market0.002.004.004.13
Sortino ratio
The chart of Sortino ratio for JMST, currently valued at 7.28, compared to the broader market-2.000.002.004.006.008.0010.007.28
Omega ratio
The chart of Omega ratio for JMST, currently valued at 1.94, compared to the broader market0.501.001.502.002.501.94
Calmar ratio
The chart of Calmar ratio for JMST, currently valued at 11.04, compared to the broader market0.002.004.006.008.0010.0012.0014.0011.04
Martin ratio
The chart of Martin ratio for JMST, currently valued at 50.35, compared to the broader market0.0020.0040.0060.0080.0050.35

SMMU vs. JMST - Sharpe Ratio Comparison

The current SMMU Sharpe Ratio is 2.24, which is lower than the JMST Sharpe Ratio of 4.13. The chart below compares the 12-month rolling Sharpe Ratio of SMMU and JMST.


Rolling 12-month Sharpe Ratio2.002.503.003.504.00December2024FebruaryMarchAprilMay
2.24
4.13
SMMU
JMST

Dividends

SMMU vs. JMST - Dividend Comparison

SMMU's dividend yield for the trailing twelve months is around 3.48%, more than JMST's 3.32% yield.


TTM20232022202120202019201820172016201520142013
SMMU
PIMCO Short Term Municipal Bond Active ETF
3.48%3.29%1.37%0.60%1.19%1.82%1.73%1.41%1.03%0.89%0.67%0.57%
JMST
JPMorgan Ultra-Short Municipal Income ETF
3.32%3.09%1.10%0.27%0.87%1.63%0.34%0.00%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.


-0.70%-0.60%-0.50%-0.40%-0.30%-0.20%-0.10%0.00%December2024FebruaryMarchAprilMay00
SMMU
JMST

Volatility

SMMU vs. JMST - Volatility Comparison

PIMCO Short Term Municipal Bond Active ETF (SMMU) has a higher volatility of 0.38% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.20%. This indicates that SMMU's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.30%0.40%0.50%0.60%0.70%December2024FebruaryMarchAprilMay
0.38%
0.20%
SMMU
JMST