USMTX vs. MUB
Compare and contrast key facts about JPMorgan Ultra-Short Municipal Fund (USMTX) and iShares National AMT-Free Muni Bond ETF (MUB).
USMTX is managed by JPMorgan. It was launched on May 30, 2016. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USMTX or MUB.
Correlation
The correlation between USMTX and MUB is 0.23, 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
USMTX vs. MUB - Performance Comparison
Key characteristics
USMTX:
5.26
MUB:
0.55
USMTX:
12.46
MUB:
0.78
USMTX:
5.06
MUB:
1.10
USMTX:
34.82
MUB:
0.45
USMTX:
133.66
MUB:
1.95
USMTX:
0.03%
MUB:
1.05%
USMTX:
0.66%
MUB:
3.76%
USMTX:
-1.98%
MUB:
-13.68%
USMTX:
0.00%
MUB:
-1.08%
Returns By Period
The year-to-date returns for both stocks are quite close, with USMTX having a 0.55% return and MUB slightly lower at 0.53%.
USMTX
0.55%
0.35%
1.49%
3.41%
1.46%
N/A
MUB
0.53%
0.70%
0.61%
2.07%
0.66%
2.07%
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USMTX vs. MUB - Expense Ratio Comparison
USMTX has a 0.24% expense ratio, which is higher than MUB's 0.07% 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
USMTX vs. MUB — Risk-Adjusted Performance Rank
USMTX
MUB
USMTX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Municipal Fund (USMTX) and iShares National AMT-Free Muni Bond ETF (MUB). 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
USMTX vs. MUB - Dividend Comparison
USMTX's dividend yield for the trailing twelve months is around 3.04%, which matches MUB's 3.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMTX JPMorgan Ultra-Short Municipal Fund | 3.04% | 3.05% | 2.59% | 0.89% | 0.25% | 0.75% | 1.48% | 1.41% | 0.79% | 0.20% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.01% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
USMTX vs. MUB - Drawdown Comparison
The maximum USMTX drawdown since its inception was -1.98%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for USMTX and MUB. For additional features, visit the drawdowns tool.
Volatility
USMTX vs. MUB - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Municipal Fund (USMTX) is 0.17%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.12%. This indicates that USMTX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.