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ETF comparison

JMST vs SHM

Both US Municipal Bond.

JPMorgan Ultra-Short Municipal Income ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
2.3 %

64 positions appear in both funds. Buying equal dollars of JMST and SHM would leave roughly 2.3% of each dollar exposed to the same underlying securities.

JMST unmatched 94.3% Shared 2.3% SHM unmatched 96.8%

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.

In JMST only
1,826 positions
Shared
64 positions
In SHM only
979 positions

Side by side

JMST

JPMorgan Ultra-Short Municipal Income ETF

JPMorgan · US Municipal Bond

90 composite / 100
Expense ratio
0.18%
Net assets
$7.62B
TTM yield
2.55%
Top-10 conc.
7.7%
SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

State Street · US Municipal Bond

86 composite / 100
Expense ratio
0.20%
Net assets
$3.46B
TTM yield
2.71%
Top-10 conc.
5.3%

Sub-score comparison

82
Cost
80
93
Tax efficiency
93
95
Liquidity
80
100
Concentration
100
—
Tracking quality
—
JMST sub-score SHM

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

JMST is 2 bps cheaper than SHM. On a $100,000 position that's about $20/yr more in fees for SHM.

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 SHM.

Top shared holdings

64 shared in total
# Holding In JMST In SHM Overlap
1 Texas Municipal Gas Acquisition & Supply Corp. IV 0.36% 0.21% 0.21%
2 Tarrant County Cultural Education Facilities Finance Corp. 0.33% 0.15% 0.15%
3 State of Texas 0.14% 0.23% 0.14%
4 University of Massachusetts Building Authority 0.13% 0.13% 0.13%
5 New York City Transitional Finance Authority Future Tax Secured Revenue 0.08% 0.08% 0.08%
6 Wisconsin Health & Educational Facilities Authority 0.07% 0.11% 0.07%
7 Indiana Finance Authority 0.07% 0.09% 0.07%
8 State of Illinois 0.06% 0.23% 0.06%
9 North Texas Tollway Authority 0.08% 0.06% 0.06%
10 Cypress-Fairbanks Independent School District 0.18% 0.06% 0.06%
11 Health & Educational Facilities Authority of the State of Missouri 0.30% 0.06% 0.06%
12 State of Illinois 0.06% 0.06% 0.06%

Only in JMST

1,826 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 SHM

979 total
  • Southeast Energy Authority A Cooperative District 0.92%
  • State of California 0.69%
  • New York State Dormitory Authority 0.61%
  • State of California 0.52%
  • State of California 0.49%
  • State of California 0.46%
  • City of New York NY 0.44%
  • University of California 0.41%
  • Triborough Bridge & Tunnel Authority 0.40%
  • City of New York NY 0.39%

Related comparisons

More comparisons with JMST

More comparisons with SHM

Percentages are holdings overlap with the named fund.

Open JMST or SHM at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.