TFI vs. JMUB
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and JPMorgan Municipal ETF (JMUB).
TFI and JMUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007. JMUB is an actively managed fund by JPMorgan. It was launched on Oct 29, 2018.
Performance
TFI vs. JMUB - Performance Comparison
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TFI vs. JMUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | -0.23% | 3.62% | -0.01% | 5.62% | -10.17% | 0.25% | 5.82% | 7.41% | 2.98% |
JMUB JPMorgan Municipal ETF | -0.44% | 4.34% | 1.88% | 5.96% | -7.43% | 1.58% | 4.98% | 8.37% | 2.81% |
Returns By Period
In the year-to-date period, TFI achieves a -0.23% return, which is significantly higher than JMUB's -0.44% return.
TFI
- 1D
- 0.33%
- 1M
- -2.21%
- YTD
- -0.23%
- 6M
- 1.25%
- 1Y
- 4.10%
- 3Y*
- 1.95%
- 5Y*
- -0.11%
- 10Y*
- 1.51%
JMUB
- 1D
- 0.08%
- 1M
- -2.26%
- YTD
- -0.44%
- 6M
- 0.84%
- 1Y
- 3.63%
- 3Y*
- 3.07%
- 5Y*
- 1.18%
- 10Y*
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TFI vs. JMUB - Expense Ratio Comparison
TFI has a 0.23% expense ratio, which is higher than JMUB'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%.
Return for Risk
TFI vs. JMUB — Risk / Return Rank
TFI
JMUB
TFI vs. JMUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and JPMorgan Municipal ETF (JMUB). 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.
| TFI | JMUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.07 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.37 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.11 | +0.02 |
Martin ratioReturn relative to average drawdown | 3.62 | 4.20 | -0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TFI | JMUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.07 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.36 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.69 | -0.19 |
Correlation
The correlation between TFI and JMUB is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TFI vs. JMUB - Dividend Comparison
TFI's dividend yield for the trailing twelve months is around 3.41%, less than JMUB's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 3.41% | 3.32% | 3.01% | 2.41% | 1.87% | 1.71% | 1.91% | 2.14% | 2.26% | 2.16% | 2.39% | 2.40% |
JMUB JPMorgan Municipal ETF | 3.60% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% | 0.00% | 0.00% |
Drawdowns
TFI vs. JMUB - Drawdown Comparison
The maximum TFI drawdown since its inception was -15.49%, which is greater than JMUB's maximum drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for TFI and JMUB.
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Drawdown Indicators
| TFI | JMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -12.50% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.47% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | -12.06% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -15.49% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.26% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.54% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.92% | +0.30% |
Volatility
TFI vs. JMUB - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) has a higher volatility of 1.47% compared to JPMorgan Municipal ETF (JMUB) at 1.23%. This indicates that TFI's price experiences larger fluctuations and is considered to be riskier than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFI | JMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.23% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 1.64% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.41% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 3.30% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 4.17% | +0.82% |