ETF comparison

JMST vs SCMB

Both US Municipal Bond.

JPMorgan Ultra-Short Municipal Income ETF · Schwab Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP

0.9 %

156 positions appear in both funds. Buying equal dollars of JMST and SCMB would leave roughly 0.9% of each dollar exposed to the same underlying securities.

JMST unmatched

SCMB unmatched

JMST unmatched 90.2% Shared 0.9% SCMB unmatched 98.1%

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.

In JMST only

1,385 positions

Shared

156 positions

In SCMB only

6,689 positions

Side by side

JMST

JPMorgan Ultra-Short Municipal Income ETF

JPMorgan · US Municipal Bond

91 composite / 100

Expense ratio

0.18%

Net assets

$8.35B

TTM yield

2.34%

Top-10 conc.

7.1%

SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

93 composite / 100

Expense ratio

0.030%

Net assets

$4.07B

TTM yield

3.35%

Top-10 conc.

1.9%

Sub-score comparison

Cost

Tax efficiency

Liquidity

100

Concentration

100

—

Tracking quality

—

JMST sub-score SCMB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCMB is 15 bps cheaper than JMST. On a $100,000 position that's about $150/yr more in fees for JMST.

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 SCMB.

Top shared holdings

156 shared in total

#	Holding	In JMST	In SCMB	Overlap
1	State of Illinois	0.05%	0.05%	0.05%
2	Adams and Arapahoe Counties Joint School District 28J Aurora	0.05%	0.05%	0.05%
3	State of Illinois	0.27%	0.04%	0.04%
4	New York State Dormitory Authority	0.03%	0.10%	0.03%
5	State of Kansas Department of Transportation	0.03%	0.05%	0.03%
6	New York City Transitional Finance Authority Future Tax Secured Revenue	0.03%	0.10%	0.03%
7	North Texas Tollway Authority	0.03%	0.04%	0.03%
8	State of Illinois	0.06%	0.03%	0.03%
9	New York City Transitional Finance Authority Future Tax Secured Revenue	0.05%	0.03%	0.03%
10	New York City Transitional Finance Authority Future Tax Secured Revenue	0.04%	0.03%	0.03%
11	Triborough Bridge & Tunnel Authority	0.03%	0.06%	0.03%
12	State of Illinois	0.03%	0.05%	0.03%

Only in JMST

1,385 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 SCMB

6,689 total

Commonwealth of Massachusetts 0.22%
Gwinnett County School District 0.22%
Commonwealth of Pennsylvania 0.21%
City of New York NY 0.20%
State of California Department of Water Resources 0.19%
State of Washington 0.17%
State of California 0.17%
New York City Municipal Water Finance Authority 0.17%
Northwest Independent School District 0.16%
Commonwealth of Massachusetts 0.16%

More comparisons with JMST

More comparisons with SCMB

Percentages are holdings overlap with the named fund.

Open JMST or SCMB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.