JMST vs TBIL
Comparison between JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF (JMST, ETF) and F/M US TREASURY 3 MONTH BILL ETF (TBIL, ETF).
JMST vs TBIL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JMST
$7.10B
Winner
TBIL
$7.20B
Expense Ratio
JMST
0.18%
Winner
TBIL
0.15%
Max Drawdown
JMST
2.41%
Winner
TBIL
0.58%
Sharpe Ratio
JMST
-2.07
Winner
TBIL
-0.14
5Y Beta
JMST
0.00
Winner
TBIL
0.00
5Y Dividends CAGR
JMST
41.68%
TBIL
N/A
JMST vs TBIL - Historical Returns
Returns include dividend reinvestment.
1M
JMST
+0.27%
Winner
TBIL
+0.36%
3M
JMST
+0.75%
Winner
TBIL
+0.95%
6M
JMST
+0.97%
Winner
TBIL
+1.84%
1Y
JMST
+2.50%
Winner
TBIL
+3.84%
5Y(CAGR)
JMST
+2.35%
Winner
TBIL
+4.49%
Max(CAGR)
JMST
+2.14%
Winner
TBIL
+4.49%
JMST vs TBIL - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | JMST | TBIL |
|---|---|---|
| 2026 | +1.48% | +2.30% |
| 2025 | +3.33% | +4.19% |
| 2024 | +3.33% | +5.14% |
| 2023 | +3.57% | +5.10% |
| 2022 | +0.09% | +1.30% |
| 2021 | +0.33% | N/A |
| 2020 | +2.00% | N/A |
| 2019 | +2.07% | N/A |
| 2018 | +0.70% | N/A |
JMST vs TBIL Drawdown Comparison
The maximum drawdown for JMST was -2.41%, occurring on Mar 20, 2020. Recovery took 29 trading sessions.
The maximum drawdown for TBIL was -0.10%, occurring on Oct 5, 2022. Recovery took 10 trading sessions.
The current JMST drawdown is -0.02%.
| Rank | JMST | TBIL |
|---|---|---|
| #1 | -2.41% Mar 9, 2020 - Apr 20, 2020 | -0.10% Oct 3, 2022 - Oct 17, 2022 |
| #2 | -1.15% Dec 29, 2021 - Dec 13, 2022 | -0.05% Dec 23, 2022 - Dec 29, 2022 |
| #3 | -0.71% Apr 1, 2025 - May 15, 2025 | -0.04% Aug 10, 2022 - Aug 25, 2022 |
| #4 | -0.32% May 16, 2023 - Jun 6, 2023 | -0.04% Nov 14, 2022 - Nov 17, 2022 |
| #5 | -0.26% Jan 31, 2023 - Mar 10, 2023 | -0.04% Apr 5, 2023 - Apr 12, 2023 |
| #6 | -0.25% Oct 29, 2025 - Nov 6, 2025 | -0.02% Jul 3, 2025 - Jul 9, 2025 |
| #7 | -0.25% Apr 13, 2023 - May 11, 2023 | -0.02% Aug 2, 2024 - Aug 7, 2024 |
| #8 | -0.22% Sep 13, 2023 - Oct 10, 2023 | -0.02% Mar 4, 2025 - Mar 7, 2025 |
| #9 | -0.21% Mar 17, 2026 - Apr 20, 2026 | -0.02% Feb 3, 2025 - Feb 5, 2025 |
| #10 | -0.20% Mar 25, 2025 - Apr 1, 2025 | -0.02% Oct 17, 2022 - Oct 25, 2022 |
| #11 | -0.19% Sep 20, 2021 - Dec 29, 2021 | -0.02% Jul 9, 2024 - Jul 11, 2024 |
| #12 | -0.18% Aug 21, 2019 - Oct 4, 2019 | -0.02% May 1, 2026 - May 5, 2026 |
| #13 | -0.17% Nov 5, 2024 - Nov 8, 2024 | -0.02% Feb 2, 2024 - Feb 8, 2024 |
| #14 | -0.17% Aug 6, 2024 - Aug 19, 2024 | -0.02% May 7, 2025 - May 9, 2025 |
| #15 | -0.16% Jan 31, 2024 - Feb 15, 2024 | -0.02% Jan 3, 2025 - Jan 8, 2025 |
Correlation
Correlation between JMST and TBIL is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2018 - 2026)
JMST vs TBIL dividend yield comparison.
| Year | JMST | TBIL |
|---|---|---|
| 2026 | 1.48% | 2.09% |
| 2025 | 2.84% | 4.06% |
| 2024 | 3.32% | 5.02% |
| 2023 | 3.09% | 5.00% |
| 2022 | 1.10% | 1.10% |
| 2021 | 0.27% | 0.00% |
| 2020 | 0.87% | 0.00% |
| 2019 | 1.63% | 0.00% |
| 2018 | 0.28% | 0.00% |
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