ETF comparison
JMST vs SCMB
Both US Municipal Bond.
JPMorgan Ultra-Short Municipal Income ETF · Schwab Municipal Bond ETF
Holdings overlap
146 positions appear in both funds. Buying equal dollars of JMST and SCMB would leave roughly 1.2% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SCMB is 15 bps cheaper than JMST. On a $100,000 position that's about $150/yr more in fees for JMST.
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 SCMB.
Top shared holdings
146 shared in total| # | Holding | In JMST | In SCMB | Overlap |
|---|---|---|---|---|
| 1 | San Antonio Water System | 0.54% | 0.12% | 0.12% |
| 2 | State of Connecticut | 0.24% | 0.06% | 0.06% |
| 3 | State of Illinois | 0.06% | 0.06% | 0.06% |
| 4 | Adams and Arapahoe Counties Joint School District 28J Aurora | 0.07% | 0.06% | 0.06% |
| 5 | State of Illinois | 0.33% | 0.04% | 0.04% |
| 6 | Maryland Stadium Authority | 0.04% | 0.04% | 0.04% |
| 7 | New York State Dormitory Authority | 0.04% | 0.12% | 0.04% |
| 8 | State of Kansas Department of Transportation | 0.04% | 0.06% | 0.04% |
| 9 | North Texas Tollway Authority | 0.04% | 0.05% | 0.04% |
| 10 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.04% | 0.12% | 0.04% |
| 11 | Triborough Bridge & Tunnel Authority | 0.03% | 0.07% | 0.03% |
| 12 | State of Illinois | 0.05% | 0.03% | 0.03% |
Only in JMST
1,427 total- JPMorgan Institutional Tax Free Money Market Fund 13.30%
- New York City Municipal Water Finance Authority 1.05%
- State of Washington 0.95%
- State of Minnesota 0.81%
- Triborough Bridge & Tunnel Authority 0.77%
- Township of Woodbridge NJ 0.74%
- Maryland Health & Higher Educational Facilities Authority 0.73%
- Tarrant County Cultural Education Facilities Finance Corp. 0.70%
- County of Hamilton OH Sales Tax Revenue 0.69%
- City of Houston TX Combined Utility System Revenue 0.65%
Only in SCMB
6,091 total- City of New York NY 0.27%
- Commonwealth of Massachusetts 0.25%
- Gwinnett County School District 0.25%
- City of New York NY 0.24%
- Commonwealth of Pennsylvania 0.23%
- Metropolitan Government of Nashville & Davidson County TN 0.23%
- City of New York NY 0.22%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.22%
- State of California Department of Water Resources 0.22%
- State of Oregon Department of Transportation 0.21%
Open JMST or SCMB 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.