ETF comparison

JMSTvsSHM

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 roughly2.3%of each dollar exposed to the same underlying securities.

JMST only 101.4%Shared 2.3%SHM only 97.1%
In JMST only
1,827 positions
Shared
64 positions
In SHM only
980 positions

Side by side

JMST

JPMorgan Ultra-Short Municipal Income ETF

JPMorgan · US Municipal Bond

89composite / 100
Expense ratio
0.18%
Net assets
$7.36B
TTM yield
2.58%
Top-10 conc.
14.1%
SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

State Street · US Municipal Bond

86composite / 100
Expense ratio
0.20%
Net assets
$3.51B
TTM yield
2.71%
Top-10 conc.
5.3%

Sub-score comparison

82
Cost
80
93
Tax efficiency
93
94
Liquidity
80
94
Concentration
100
Tracking quality
JMSTsub-scoreSHM

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with JMST vs SHM.

Top shared holdings

64 shared in total
#HoldingIn JMSTIn SHMOverlap
1Texas Municipal Gas Acquisition & Supply Corp. IV0.36%0.21%0.21%
2Tarrant County Cultural Education Facilities Finance Corp.0.33%0.15%0.15%
3State of Texas0.14%0.23%0.14%
4University of Massachusetts Building Authority0.13%0.13%0.13%
5New York City Transitional Finance Authority Future Tax Secured Revenue0.08%0.08%0.08%
6Wisconsin Health & Educational Facilities Authority0.07%0.11%0.07%
7Indiana Finance Authority0.07%0.09%0.07%
8State of Illinois0.06%0.23%0.06%
9North Texas Tollway Authority0.08%0.06%0.06%
10Cypress-Fairbanks Independent School District0.18%0.06%0.06%
11Health & Educational Facilities Authority of the State of Missouri0.30%0.06%0.06%
12State of Illinois0.06%0.06%0.06%

Only in JMST

1,827 total
  • JPMorgan Institutional Tax Free Money Market Fund7.09%
  • New York City Municipal Water Finance Authority1.02%
  • State of Washington0.90%
  • Alaska Housing Finance Corp.0.86%
  • State of Minnesota0.78%
  • Township of Woodbridge NJ0.71%
  • Maryland Health & Higher Educational Facilities Authority0.71%
  • Bergen County Improvement Authority (The)0.68%
  • Tarrant County Cultural Education Facilities Finance Corp.0.67%
  • District of Columbia0.67%

Only in SHM

980 total
  • Southeast Energy Authority A Cooperative District0.92%
  • State of California0.69%
  • New York State Dormitory Authority0.61%
  • State of California0.52%
  • State of California0.49%
  • State of California0.46%
  • City of New York NY0.44%
  • University of California0.41%
  • Triborough Bridge & Tunnel Authority0.40%
  • City of New York NY0.39%

Open JMST or SHM 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 methodologyand 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.