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
69 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.
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
69 shared in total| # | Holding | In JMST | In SHM | Overlap |
|---|---|---|---|---|
| 1 | Texas Municipal Gas Acquisition & Supply Corp. IV | 0.38% | 0.21% | 0.21% |
| 2 | Tarrant County Cultural Education Facilities Finance Corp. | 0.34% | 0.15% | 0.15% |
| 3 | State of Texas | 0.09% | 0.23% | 0.09% |
| 4 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.09% | 0.08% | 0.08% |
| 5 | Wisconsin Health & Educational Facilities Authority | 0.08% | 0.11% | 0.08% |
| 6 | Indiana Finance Authority | 0.07% | 0.09% | 0.07% |
| 7 | Cypress-Fairbanks Independent School District | 0.19% | 0.06% | 0.06% |
| 8 | North Texas Tollway Authority | 0.08% | 0.06% | 0.06% |
| 9 | Health & Educational Facilities Authority of the State of Missouri | 0.31% | 0.06% | 0.06% |
| 10 | State of Illinois | 0.06% | 0.06% | 0.06% |
| 11 | General Authority of Southcentral Pennsylvania | 0.06% | 0.09% | 0.06% |
| 12 | City of Philadelphia PA | 0.10% | 0.06% | 0.06% |
Only in JMST
1,504 total- JPMorgan Institutional Tax Free Money Market Fund 13.30%
- New York City Municipal Water Finance Authority 1.05%
- State of Washington 0.95%
- State of Minnesota 0.81%
- Triborough Bridge & Tunnel Authority 0.77%
- Township of Woodbridge NJ 0.74%
- Maryland Health & Higher Educational Facilities Authority 0.73%
- Tarrant County Cultural Education Facilities Finance Corp. 0.70%
- County of Hamilton OH Sales Tax Revenue 0.69%
- City of Houston TX Combined Utility System Revenue 0.65%
Only in SHM
919 total- Southeast Energy Authority A Cooperative District 0.93%
- City of New York NY 0.91%
- State of California 0.70%
- New York State Dormitory Authority 0.62%
- State of California 0.53%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.52%
- Triborough Bridge & Tunnel Authority 0.51%
- State of California 0.49%
- State of California 0.46%
- University of California 0.41%
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.