ETF comparison
JMST vs SHM
Both US Municipal Bond.
JPMorgan Ultra-Short Municipal Income ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Holdings overlap
61 positions appear in both funds. Buying equal dollars of JMST and SHM would leave roughly 2.3% 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 2 bps cheaper than SHM. On a $100,000 position that's about $20/yr more in fees for SHM.
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 SHM.
Top shared holdings
61 shared in total| # | Holding | In JMST | In SHM | Overlap |
|---|---|---|---|---|
| 1 | Texas Municipal Gas Acquisition & Supply Corp. IV | 0.31% | 0.21% | 0.21% |
| 2 | Tarrant County Cultural Education Facilities Finance Corp. | 0.29% | 0.15% | 0.15% |
| 3 | State of Texas | 0.12% | 0.23% | 0.12% |
| 4 | University of Massachusetts Building Authority | 0.11% | 0.13% | 0.11% |
| 5 | Rutherford County Health & Educational Facilities Board | 0.11% | 0.10% | 0.10% |
| 6 | School District of Philadelphia (The) | 0.09% | 0.07% | 0.07% |
| 7 | Wisconsin Health & Educational Facilities Authority | 0.06% | 0.11% | 0.06% |
| 8 | North Texas Tollway Authority | 0.07% | 0.06% | 0.06% |
| 9 | Cypress-Fairbanks Independent School District | 0.16% | 0.06% | 0.06% |
| 10 | Health & Educational Facilities Authority of the State of Missouri | 0.26% | 0.06% | 0.06% |
| 11 | Indiana Finance Authority | 0.06% | 0.09% | 0.06% |
| 12 | City of Philadelphia PA | 0.08% | 0.06% | 0.06% |
Only in JMST
1,480 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 SHM
982 total- Southeast Energy Authority A Cooperative District 0.92%
- State of California 0.69%
- New York State Dormitory Authority 0.61%
- State of California 0.52%
- State of California 0.49%
- State of California 0.46%
- City of New York NY 0.44%
- University of California 0.41%
- Triborough Bridge & Tunnel Authority 0.40%
- City of New York NY 0.39%
Related comparisons
More comparisons with JMST
- JMST vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 1.5%
- JMST vs MUB · iShares National Muni Bond ETF 1.1%
- JMST vs SCMB · Schwab Municipal Bond ETF 0.9%
- JMST vs CGMU · Capital Group Municipal Income ETF 0.9%
- JMST vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 0.8%
- JMST vs HYD · VanEck High Yield Muni ETF 0.4%
More comparisons with SHM
- SHM vs CGMU · Capital Group Municipal Income ETF 2.1%
- SHM vs SCMB · Schwab Municipal Bond ETF 2.1%
- SHM vs CMF · iShares California Muni Bond ETF 2.0%
- SHM vs MUB · iShares National Muni Bond ETF 1.9%
- SHM vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.7%
- SHM vs NYF · iShares New York Muni Bond ETF 0.7%
Percentages are holdings overlap with the named fund.
Open JMST or SHM 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.