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
2.7 %

45 positions appear in both funds. Buying equal dollars of JMUB and SHM would leave roughly 2.7% of each dollar exposed to the same underlying securities.

JMUB only 98.4% Shared 2.7% SHM only 97.4%
In JMUB only
1,787 positions
Shared
45 positions
In SHM only
943 positions

Side by side

JMUB

JPMorgan Municipal ETF

JPMorgan · US Municipal Bond

89 composite / 100
Expense ratio
0.18%
Net assets
$8.05B
TTM yield
3.61%
Top-10 conc.
14.9%
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
$3.47B
TTM yield
2.67%
Top-10 conc.
6.1%

Sub-score comparison

82
Cost
80
93
Tax efficiency
93
96
Liquidity
80
93
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

45 shared in total
# Holding In JMUB In SHM Overlap
1 Main Street Natural Gas, Inc. 0.45% 0.23% 0.23%
2 Tennessee Energy Acquisition Corp. 0.22% 0.20% 0.20%
3 Main Street Natural Gas, Inc. 0.21% 0.18% 0.18%
4 Triborough Bridge & Tunnel Authority 0.15% 0.16% 0.15%
5 Tennergy Corp./TN 0.15% 0.18% 0.15%
6 New Jersey Transportation Trust Fund Authority 0.14% 0.12% 0.12%
7 City of Forsyth MT 0.11% 0.09% 0.09%
8 Main Street Natural Gas, Inc. 0.08% 0.17% 0.08%
9 Energy Southeast A Cooperative District 0.08% 0.13% 0.08%
10 Texas Municipal Gas Acquisition & Supply Corp. IV 0.08% 0.21% 0.08%
11 California Infrastructure & Economic Development Bank 0.07% 0.12% 0.07%
12 City of San Antonio TX Electric & Gas Systems Revenue 0.38% 0.06% 0.06%

Only in JMUB

1,787 total
  • JPMorgan Institutional Tax Free Money Market Fund 9.81%
  • California Community Choice Financing Authority 0.99%
  • Buckeye Tobacco Settlement Financing Authority 0.62%
  • Connecticut State Health & Educational Facilities Authority 0.56%
  • California Community Choice Financing Authority 0.56%
  • County of Utah UT 0.49%
  • Black Belt Energy Gas District 0.48%
  • Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.48%
  • Long Island Power Authority 0.48%
  • Illinois Finance Authority 0.41%

Only in SHM

943 total
  • Southeast Energy Authority A Cooperative District 0.93%
  • City of New York NY 0.91%
  • State of California 0.70%
  • New York State Dormitory Authority 0.62%
  • State of California 0.53%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.52%
  • Triborough Bridge & Tunnel Authority 0.51%
  • State of California 0.49%
  • State of California 0.46%
  • University of California 0.41%

Open JMUB 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 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.