TAXF vs. JMST
Compare and contrast key facts about American Century Diversified Municipal Bond ETF (TAXF) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
TAXF and JMST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXF is an actively managed fund by American Century Investments. It was launched on Sep 10, 2018. 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: TAXF or JMST.
Correlation
The correlation between TAXF and JMST is 0.32, 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
TAXF vs. JMST - Performance Comparison
Key characteristics
TAXF:
0.26
JMST:
4.79
TAXF:
0.38
JMST:
8.38
TAXF:
1.05
JMST:
2.16
TAXF:
0.21
JMST:
20.01
TAXF:
0.99
JMST:
87.67
TAXF:
1.06%
JMST:
0.04%
TAXF:
4.09%
JMST:
0.70%
TAXF:
-13.93%
JMST:
-2.41%
TAXF:
-2.52%
JMST:
0.00%
Returns By Period
In the year-to-date period, TAXF achieves a -0.74% return, which is significantly lower than JMST's 0.10% return.
TAXF
-0.74%
-1.67%
-0.27%
0.91%
0.96%
N/A
JMST
0.10%
0.18%
1.56%
3.41%
1.84%
N/A
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TAXF vs. JMST - Expense Ratio Comparison
TAXF has a 0.29% expense ratio, which is higher than JMST's 0.18% expense ratio.
Risk-Adjusted Performance
TAXF vs. JMST — Risk-Adjusted Performance Rank
TAXF
JMST
TAXF vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Municipal Bond ETF (TAXF) 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
TAXF vs. JMST - Dividend Comparison
TAXF's dividend yield for the trailing twelve months is around 3.40%, more than JMST's 3.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
TAXF American Century Diversified Municipal Bond ETF | 3.40% | 3.38% | 2.93% | 2.05% | 1.58% | 2.13% | 2.64% | 0.69% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.31% | 3.32% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% |
Drawdowns
TAXF vs. JMST - Drawdown Comparison
The maximum TAXF drawdown since its inception was -13.93%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for TAXF and JMST. For additional features, visit the drawdowns tool.
Volatility
TAXF vs. JMST - Volatility Comparison
American Century Diversified Municipal Bond ETF (TAXF) has a higher volatility of 1.25% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.20%. This indicates that TAXF'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.