SMMU vs. JMST
Compare and contrast key facts about PIMCO Short Term Municipal Bond Active ETF (SMMU) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
SMMU and JMST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMMU or JMST.
Performance
SMMU vs. JMST - Performance Comparison
Returns By Period
In the year-to-date period, SMMU achieves a 2.44% return, which is significantly lower than JMST's 3.01% return.
SMMU
2.44%
-0.31%
1.92%
4.68%
1.62%
1.52%
JMST
3.01%
0.28%
1.92%
3.92%
1.84%
N/A
Key characteristics
| SMMU | JMST | |
|---|---|---|
| Sharpe Ratio | 2.67 | 5.22 |
| Sortino Ratio | 4.11 | 9.47 |
| Omega Ratio | 1.61 | 2.32 |
| Calmar Ratio | 4.71 | 23.91 |
| Martin Ratio | 16.64 | 104.88 |
| Ulcer Index | 0.30% | 0.04% |
| Daily Std Dev | 1.84% | 0.77% |
| Max Drawdown | -5.08% | -2.41% |
| Current Drawdown | -0.59% | 0.00% |
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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.
Correlation
The correlation between SMMU and JMST is 0.24, 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.
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.
Dividends
SMMU vs. JMST - Dividend Comparison
SMMU's dividend yield for the trailing twelve months is around 3.52%, more than JMST's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 3.52% | 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 | 3.35% | 3.09% | 1.11% | 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.
Volatility
SMMU vs. JMST - Volatility Comparison
PIMCO Short Term Municipal Bond Active ETF (SMMU) has a higher volatility of 0.87% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.30%. 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.