JMST vs SMBS
Comparison between JPMorgan Ultra-Short Municipal Income ETF (JMST, ETF) and SCHWAB MORTGAGE-BACKED SECURITIES ETF (SMBS, ETF).
JMST vs SMBS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JMST
$6.30B
SMBS
$6.30B
Expense Ratio
JMST
0.18%
Winner
SMBS
0.03%
Max Drawdown
Winner
JMST
2.41%
SMBS
3.68%
Sharpe Ratio
JMST
-1.00
Winner
SMBS
0.63
5Y Beta
Winner
JMST
0.00
SMBS
0.03
5Y Dividends CAGR
JMST
37.41%
SMBS
N/A
JMST vs SMBS - Historical Returns
Returns include dividend reinvestment.
1M
JMST
+0.26%
Winner
SMBS
+0.27%
3M
JMST
+0.33%
Winner
SMBS
+0.46%
6M
JMST
+1.31%
Winner
SMBS
+1.89%
1Y
JMST
+3.11%
Winner
SMBS
+7.06%
5Y(CAGR)
JMST
+2.24%
SMBS
N/A
Max(CAGR)
JMST
+2.13%
Winner
SMBS
+6.30%
JMST vs SMBS - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | JMST | SMBS |
|---|---|---|
| 2026 | +0.80% | +1.30% |
| 2025 | +3.33% | +8.23% |
| 2024 | +3.33% | -0.07% |
| 2023 | +3.57% | N/A |
| 2022 | +0.09% | N/A |
| 2021 | +0.33% | N/A |
| 2020 | +2.00% | N/A |
| 2019 | +2.07% | N/A |
| 2018 | +0.70% | N/A |
JMST vs SMBS Drawdown Comparison
The maximum drawdown for JMST was -2.41%, occurring on Mar 20, 2020. Recovery took 29 trading sessions.
The maximum drawdown for SMBS was -3.20%, occurring on Jan 13, 2025. Recovery took 52 trading sessions.
The current SMBS drawdown is -0.85%.
| Rank | JMST | SMBS |
|---|---|---|
| #1 | -2.41% Mar 9, 2020 - Apr 20, 2020 | -3.20% Dec 6, 2024 - Feb 25, 2025 |
| #2 | -1.15% Dec 29, 2021 - Dec 13, 2022 | -2.83% Apr 4, 2025 - Jun 26, 2025 |
| #3 | -0.71% Apr 1, 2025 - May 15, 2025 | -2.53% Feb 27, 2026 - Mar 26, 2026 |
| #4 | -0.32% May 16, 2023 - Jun 6, 2023 | -1.11% Jun 26, 2025 - Aug 1, 2025 |
| #5 | -0.26% Jan 31, 2023 - Mar 10, 2023 | -0.90% Oct 28, 2025 - Nov 25, 2025 |
| #6 | -0.25% Oct 29, 2025 - Nov 6, 2025 | -0.89% Mar 3, 2025 - Apr 1, 2025 |
| #7 | -0.25% Apr 13, 2023 - May 11, 2023 | -0.85% Sep 16, 2025 - Oct 14, 2025 |
| #8 | -0.22% Sep 13, 2023 - Oct 10, 2023 | -0.78% Nov 26, 2025 - Dec 18, 2025 |
| #9 | -0.21% Mar 17, 2026 - Apr 20, 2026 | -0.58% Jan 14, 2026 - Feb 6, 2026 |
| #10 | -0.20% Mar 25, 2025 - Apr 1, 2025 | -0.47% Aug 13, 2025 - Aug 22, 2025 |
| #11 | -0.19% Sep 20, 2021 - Dec 29, 2021 | -0.39% Aug 5, 2025 - Aug 13, 2025 |
| #12 | -0.18% Aug 21, 2019 - Oct 4, 2019 | -0.39% Dec 29, 2025 - Jan 7, 2026 |
| #13 | -0.17% Nov 5, 2024 - Nov 8, 2024 | -0.38% Nov 25, 2024 - Nov 29, 2024 |
| #14 | -0.17% Aug 6, 2024 - Aug 19, 2024 | -0.36% Apr 1, 2025 - Apr 3, 2025 |
| #15 | -0.16% Jan 31, 2024 - Feb 15, 2024 | -0.31% Oct 21, 2025 - Oct 28, 2025 |
Correlation
Correlation between JMST and SMBS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2018 - 2026)
JMST vs SMBS dividend yield comparison.
| Year | JMST | SMBS |
|---|---|---|
| 2026 | 0.86% | 1.69% |
| 2025 | 2.84% | 4.83% |
| 2024 | 3.32% | 0.50% |
| 2023 | 3.09% | 0.00% |
| 2022 | 1.10% | 0.00% |
| 2021 | 0.27% | 0.00% |
| 2020 | 0.87% | 0.00% |
| 2019 | 1.63% | 0.00% |
| 2018 | 0.28% | 0.00% |
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