ETF comparison
JMST vs PZA
Both US Municipal Bond.
JPMorgan Ultra-Short Municipal Income ETF · Invesco National AMT-Free Municipal Bond ETF
Holdings overlap
1 positions appear in both funds. Buying equal dollars of JMST and PZA would leave roughly 0.0% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
JMST is 10 bps cheaper than PZA. On a $100,000 position that's about $100/yr more in fees for PZA.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with JMST vs PZA.
Top shared holdings
1 shared in total| # | Holding | In JMST | In PZA | Overlap |
|---|---|---|---|---|
| 1 | Massachusetts School Building Authority | 0.00% | 0.02% | 0.00% |
Only in JMST
1,889 total- New York City Municipal Water Finance Authority 1.02%
- State of Washington 0.90%
- Alaska Housing Finance Corp. 0.86%
- State of Minnesota 0.78%
- Township of Woodbridge NJ 0.71%
- Maryland Health & Higher Educational Facilities Authority 0.71%
- Bergen County Improvement Authority (The) 0.68%
- Tarrant County Cultural Education Facilities Finance Corp. 0.67%
- District of Columbia 0.67%
- County of Hamilton OH Sales Tax Revenue 0.66%
Only in PZA
6,663 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
- New York (State of) Dormitory Authority 0.12%
- New York (State of) Dormitory Authority 0.11%
- Salt River Project Agricultural Improvement & Power District 0.10%
- Texas Water Development Board 0.10%
- Regents of the University of California Medical Center 0.10%
- Regents of the University of California Medical Center 0.10%
- Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group) 0.10%
- Texas Transportation Finance Corp. 0.09%
- Triborough Bridge & Tunnel Authority 0.09%
Related comparisons
More comparisons with JMST
- JMST vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- JMST vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- JMST vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- JMST vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- JMST vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
- JMST vs ITM · VanEck Intermediate Muni ETF 0.0%
More comparisons with PZA
- PZA vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- PZA vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- PZA vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- PZA vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- PZA vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
- PZA vs SCHP · Schwab U.S. TIPS ETF 0.0%
Percentages are holdings overlap with the named fund.
Open JMST or PZA at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.