Correlation
The correlation between TAFI 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.
TAFI vs. JMST
Compare and contrast key facts about AB Tax-Aware Short Duration ETF (TAFI) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
TAFI and JMST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAFI is an actively managed fund by AB Funds. It was launched on Sep 13, 2022. 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: TAFI or JMST.
Performance
TAFI vs. JMST - Performance Comparison
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Key characteristics
TAFI:
1.67
JMST:
4.02
TAFI:
2.05
JMST:
6.06
TAFI:
1.35
JMST:
2.11
TAFI:
1.99
JMST:
5.03
TAFI:
8.26
JMST:
26.96
TAFI:
0.45%
JMST:
0.13%
TAFI:
2.39%
JMST:
0.88%
TAFI:
-2.00%
JMST:
-2.41%
TAFI:
-0.33%
JMST:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with TAFI having a 1.35% return and JMST slightly lower at 1.30%.
TAFI
1.35%
0.51%
1.09%
3.96%
N/A
N/A
N/A
JMST
1.30%
0.38%
1.45%
3.52%
2.99%
1.81%
N/A
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TAFI vs. JMST - Expense Ratio Comparison
TAFI has a 0.27% expense ratio, which is higher than JMST'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%.
Risk-Adjusted Performance
TAFI vs. JMST — Risk-Adjusted Performance Rank
TAFI
JMST
TAFI vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Aware Short Duration ETF (TAFI) 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.
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Dividends
TAFI vs. JMST - Dividend Comparison
TAFI's dividend yield for the trailing twelve months is around 3.38%, more than JMST's 3.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
TAFI AB Tax-Aware Short Duration ETF | 3.38% | 3.35% | 3.27% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.18% | 3.32% | 3.09% | 1.10% | 0.27% | 0.87% | 1.63% | 0.34% |
Drawdowns
TAFI vs. JMST - Drawdown Comparison
The maximum TAFI drawdown since its inception was -2.00%, smaller than the maximum JMST drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for TAFI and JMST.
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Volatility
TAFI vs. JMST - Volatility Comparison
AB Tax-Aware Short Duration ETF (TAFI) has a higher volatility of 0.45% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.14%. This indicates that TAFI'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.
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