ETF comparison
JMST vs PZA
Both US Municipal Bond.
JPMorgan Ultra-Short Municipal Income ETF · Invesco National AMT-Free Municipal Bond ETF
Holdings overlap
3 positions appear in both funds. Buying equal dollars of JMST and PZA would leave roughly 0.2% of each dollar exposed to the same underlying securities.
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.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
JMST is 10 bps cheaper than PZA. On a $100,000 position that's about $100/yr more in fees for PZA.
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 JMST vs PZA.
Top shared holdings
3 shared in total| # | Holding | In JMST | In PZA | Overlap |
|---|---|---|---|---|
| 1 | Ohio Higher Educational Facility Commission | 0.20% | 0.09% | 0.09% |
| 2 | Colorado Health Facilities Authority | 0.34% | 0.05% | 0.05% |
| 3 | North Carolina Housing Finance Agency | 0.21% | 0.01% | 0.01% |
Only in JMST
1,538 total- United States of America 0.98%
- New York City Municipal Water Finance Authority 0.88%
- State of Washington 0.77%
- Alaska Housing Finance Corp. 0.73%
- State of Minnesota 0.67%
- Hempstead Union Free School District 0.65%
- New Hartford Central School District 0.62%
- Town of New Windsor NY 0.62%
- Maryland Health & Higher Educational Facilities Authority 0.61%
- Township of Woodbridge NJ 0.61%
Only in PZA
7,120 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
- New York (State of) Dormitory Authority 0.11%
- New York (State of) Dormitory Authority 0.10%
- Jefferson (County of), AL 0.10%
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center) 0.10%
- Salt River Project Agricultural Improvement & Power District 0.10%
- Triborough Bridge & Tunnel Authority 0.10%
- Regents of the University of California Medical Center 0.10%
- Charlotte-Mecklenburg Hospital Authority (The) 0.09%
- Hillsborough County Industrial Development Authority 0.09%
Related comparisons
More comparisons with JMST
- JMST vs NYF · iShares New York Muni Bond ETF 0.1%
- JMST vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- JMST vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- JMST vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- JMST vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- JMST vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
More comparisons with PZA
- PZA vs SUB · iShares Short-Term National Muni Bond ETF 0.0%
- PZA vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- PZA vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- PZA vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- PZA vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- PZA vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
Percentages are holdings overlap with the named fund.
Open JMST or PZA 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.