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ETF comparison

JMUB vs SHM

Both US Municipal Bond.

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

Holdings overlap

Weighted by ISIN/CUSIP
2.9 %

51 positions appear in both funds. Buying equal dollars of JMUB and SHM would leave roughly 2.9% of each dollar exposed to the same underlying securities.

JMUB unmatched 90.6% Shared 2.9% SHM unmatched 96.3%

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 JMUB only
1,928 positions
Shared
51 positions
In SHM only
992 positions

Side by side

JMUB

JPMorgan Municipal ETF

JPMorgan · US Municipal Bond

90 composite / 100
Expense ratio
0.18%
Net assets
$8.23B
TTM yield
3.52%
Top-10 conc.
5.7%
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
96
Liquidity
80
100
Concentration
100
—
Tracking quality
—
JMUB sub-score SHM

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

Cost difference

JMUB 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 JMUB vs SHM.

Top shared holdings

51 shared in total
# Holding In JMUB In SHM Overlap
1 Main Street Natural Gas, Inc. 0.41% 0.23% 0.23%
2 Tennessee Energy Acquisition Corp. 0.20% 0.20% 0.20%
3 Main Street Natural Gas, Inc. 0.19% 0.18% 0.18%
4 Main Street Natural Gas, Inc. 0.25% 0.15% 0.15%
5 Triborough Bridge & Tunnel Authority 0.14% 0.15% 0.14%
6 Tennergy Corp./TN 0.13% 0.18% 0.13%
7 Harris County Cultural Education Facilities Finance Corp. 0.12% 0.26% 0.12%
8 New Jersey Transportation Trust Fund Authority 0.12% 0.12% 0.12%
9 Main Street Natural Gas, Inc. 0.07% 0.17% 0.07%
10 Energy Southeast A Cooperative District 0.07% 0.12% 0.07%
11 Texas Municipal Gas Acquisition & Supply Corp. IV 0.07% 0.21% 0.07%
12 California Infrastructure & Economic Development Bank 0.06% 0.12% 0.06%

Only in JMUB

1,928 total
  • Black Belt Energy Gas District 0.77%
  • California Community Choice Financing Authority 0.70%
  • California Health Facilities Financing Authority 0.67%
  • California Community Choice Financing Authority 0.61%
  • Buckeye Tobacco Settlement Financing Authority 0.55%
  • Connecticut State Health & Educational Facilities Authority 0.52%
  • Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.51%
  • California Community Choice Financing Authority 0.49%
  • County of Utah UT 0.45%
  • Long Island Power Authority 0.43%

Only in SHM

992 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 JMUB

More comparisons with SHM

Percentages are holdings overlap with the named fund.

Open JMUB 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.