VMLUX vs. JMST
Compare and contrast key facts about Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
VMLUX is managed by Vanguard. It was launched on Feb 12, 2001. 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: VMLUX or JMST.
Key characteristics
| VMLUX | JMST | |
|---|---|---|
| YTD Return | 2.60% | 2.91% |
| 1Y Return | 5.39% | 4.03% |
| 3Y Return (Ann) | 1.32% | 2.20% |
| 5Y Return (Ann) | 1.66% | 1.82% |
| Sharpe Ratio | 3.25 | 5.12 |
| Sortino Ratio | 5.56 | 9.24 |
| Omega Ratio | 1.95 | 2.29 |
| Calmar Ratio | 3.17 | 23.91 |
| Martin Ratio | 17.20 | 103.98 |
| Ulcer Index | 0.32% | 0.04% |
| Daily Std Dev | 1.69% | 0.78% |
| Max Drawdown | -6.41% | -2.41% |
| Current Drawdown | -0.48% | 0.00% |
Correlation
The correlation between VMLUX and JMST is 0.25, 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
VMLUX vs. JMST - Performance Comparison
In the year-to-date period, VMLUX achieves a 2.60% return, which is significantly lower than JMST's 2.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VMLUX vs. JMST - Expense Ratio Comparison
VMLUX has a 0.09% expense ratio, which is lower than JMST's 0.18% expense ratio. Despite the difference, 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
VMLUX vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) 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
VMLUX vs. JMST - Dividend Comparison
VMLUX's dividend yield for the trailing twelve months is around 2.81%, less than JMST's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 2.81% | 2.39% | 1.64% | 1.29% | 1.70% | 1.96% | 1.90% | 1.66% | 1.64% | 1.59% | 1.68% | 1.75% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.35% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMLUX vs. JMST - Drawdown Comparison
The maximum VMLUX drawdown since its inception was -6.41%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for VMLUX and JMST. For additional features, visit the drawdowns tool.
Volatility
VMLUX vs. JMST - Volatility Comparison
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) has a higher volatility of 0.75% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.29%. This indicates that VMLUX'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.