USMSX vs. NEAR
Compare and contrast key facts about JPMorgan Ultra-Short Municipal Fund (USMSX) and iShares Short Maturity Bond ETF (NEAR).
USMSX is managed by JPMorgan Chase. It was launched on May 31, 2016. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USMSX or NEAR.
Correlation
The correlation between USMSX and NEAR is 0.12, 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
USMSX vs. NEAR - Performance Comparison
Key characteristics
USMSX:
5.22
NEAR:
3.46
USMSX:
13.41
NEAR:
5.19
USMSX:
6.22
NEAR:
1.73
USMSX:
31.54
NEAR:
7.47
USMSX:
125.48
NEAR:
21.65
USMSX:
0.03%
NEAR:
0.26%
USMSX:
0.61%
NEAR:
1.65%
USMSX:
-2.09%
NEAR:
-9.61%
USMSX:
0.00%
NEAR:
-0.00%
Returns By Period
In the year-to-date period, USMSX achieves a 0.43% return, which is significantly lower than NEAR's 0.59% return.
USMSX
0.43%
0.33%
1.29%
3.18%
1.23%
N/A
NEAR
0.59%
0.51%
2.10%
5.47%
2.94%
2.38%
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USMSX vs. NEAR - Expense Ratio Comparison
USMSX has a 0.45% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Risk-Adjusted Performance
USMSX vs. NEAR — Risk-Adjusted Performance Rank
USMSX
NEAR
USMSX vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Municipal Fund (USMSX) and iShares Short Maturity Bond ETF (NEAR). 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
USMSX vs. NEAR - Dividend Comparison
USMSX's dividend yield for the trailing twelve months is around 2.82%, less than NEAR's 4.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMSX JPMorgan Ultra-Short Municipal Fund | 2.82% | 2.83% | 2.36% | 0.70% | 0.06% | 0.56% | 1.29% | 1.00% | 0.58% | 0.15% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 4.96% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% |
Drawdowns
USMSX vs. NEAR - Drawdown Comparison
The maximum USMSX drawdown since its inception was -2.09%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for USMSX and NEAR. For additional features, visit the drawdowns tool.
Volatility
USMSX vs. NEAR - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Municipal Fund (USMSX) is 0.16%, while iShares Short Maturity Bond ETF (NEAR) has a volatility of 0.37%. This indicates that USMSX experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.