JMST vs SPXL
Comparison between JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF (JMST, ETF) and DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF).
5-Year PerformanceSPXL has outperformed JMST, delivering a return of +21.3% compared to +2.3%
JMST vs SPXL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
JMST vs SPXL - Historical Returns
Returns include dividend reinvestment.
JMST vs SPXL - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | JMST | SPXL |
|---|---|---|
| 2026 | +1.41% | +34.29% |
| 2025 | +3.33% | +33.02% |
| 2024 | +3.33% | +66.58% |
| 2023 | +3.57% | +71.53% |
| 2022 | +0.09% | -57.31% |
| 2021 | +0.33% | +107.32% |
| 2020 | +2.00% | +6.68% |
| 2019 | +2.07% | +102.65% |
| 2018 | +0.70% | -26.55% |
| 2017 | N/A | +67.50% |
| 2016 | N/A | +35.96% |
| 2015 | N/A | -5.43% |
| 2014 | N/A | +41.39% |
| 2013 | N/A | +102.91% |
| 2012 | N/A | +37.95% |
| 2011 | N/A | -17.26% |
| 2010 | N/A | +32.94% |
| 2009 | N/A | +50.59% |
| 2008 | N/A | -28.52% |
JMST vs SPXL Drawdown Comparison
The maximum drawdown for JMST was -2.41%, occurring on Mar 20, 2020. Recovery took 29 trading sessions.
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
| Rank | JMST | SPXL |
|---|---|---|
| #1 | -2.41% Mar 9, 2020 - Apr 20, 2020 | -76.86% Feb 19, 2020 - Jan 8, 2021 |
| #2 | -1.15% Dec 29, 2021 - Dec 13, 2022 | -71.32% Nov 5, 2008 - Sep 15, 2009 |
| #3 | -0.71% Apr 1, 2025 - May 15, 2025 | -63.80% Jan 3, 2022 - Jun 12, 2024 |
| #4 | -0.32% May 16, 2023 - Jun 6, 2023 | -53.81% Apr 29, 2011 - Sep 13, 2012 |
| #5 | -0.26% Jan 31, 2023 - Mar 10, 2023 | -50.17% Sep 20, 2018 - Jul 12, 2019 |
| #6 | -0.25% Oct 29, 2025 - Nov 6, 2025 | -48.95% Dec 6, 2024 - Jul 25, 2025 |
| #7 | -0.25% Apr 13, 2023 - May 11, 2023 | -43.44% Apr 23, 2010 - Dec 10, 2010 |
| #8 | -0.22% Sep 13, 2023 - Oct 10, 2023 | -39.56% May 21, 2015 - Jul 20, 2016 |
| #9 | -0.21% Mar 17, 2026 - Apr 20, 2026 | -29.48% Jan 26, 2018 - Sep 20, 2018 |
| #10 | -0.20% Mar 25, 2025 - Apr 1, 2025 | -26.77% Jan 12, 2026 - Apr 17, 2026 |
| #11 | -0.19% Sep 20, 2021 - Dec 29, 2021 | -24.36% Jul 16, 2024 - Sep 26, 2024 |
| #12 | -0.18% Aug 21, 2019 - Oct 4, 2019 | -22.79% Jan 19, 2010 - Mar 11, 2010 |
| #13 | -0.17% Nov 5, 2024 - Nov 8, 2024 | -21.42% Sep 14, 2012 - Jan 10, 2013 |
| #14 | -0.17% Aug 6, 2024 - Aug 19, 2024 | -21.05% Sep 18, 2014 - Nov 3, 2014 |
| #15 | -0.16% Jan 31, 2024 - Feb 15, 2024 | -17.96% Jul 26, 2019 - Nov 1, 2019 |
Correlation
Correlation between JMST and SPXL is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2008 - 2026)
JMST vs SPXL dividend yield comparison.
| Year | JMST | SPXL |
|---|---|---|
| 2026 | 1.48% | 0.33% |
| 2025 | 2.84% | 0.69% |
| 2024 | 3.32% | 0.74% |
| 2023 | 3.09% | 0.98% |
| 2022 | 1.10% | 0.32% |
| 2021 | 0.27% | 0.11% |
| 2020 | 0.87% | 0.22% |
| 2019 | 1.63% | 0.84% |
| 2018 | 0.28% | 1.02% |
| 2017 | 0.00% | 3.88% |
| 2010 | 0.00% | 2.17% |
| 2009 | 0.00% | 13.15% |
| 2008 | 0.00% | 0.18% |
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