JMHI vs VOO
JPMorgan High Yield Municipal ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JMHI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $293M | $997.4B | |
| Dividend Yield | 4.56% | 1.08% | |
| Holdings | 236 | 509 | |
| YTD Return | +1.26% | +14.27% | |
| 1Y Return | +5.59% | +21.79% | |
| 3Y Return (annualized) | +5.09% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 5.7% | 14.2% | |
| Max Drawdown | -7.1% | -34.3% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | Sep 7, 2010 |
JMHI vs VOO Performance
JPMorgan High Yield Municipal ETF (JMHI) is a ETF from J.P. Morgan Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JMHI returned +5.59% while VOO returned +21.79%. Year to date, JMHI is up 1.26% versus a gain of 14.27% for VOO.
Over three years, JMHI compounded at +5.09% per year against +22.19% for VOO. Across the full 3-year window we track, VOO has the edge at +13.59% annualized vs +4.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 5.7% for JMHI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -7.1% for JMHI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMHI charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, JMHI currently yields 4.56% against 1.08% for VOO.
Holdings Overlap
JMHI and VOO share 0 holdings out of 533 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMHI or VOO?
JMHI has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, JMHI or VOO?
Over the past year JMHI returned +5.59% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), JMHI annualized +4.32% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, JMHI or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 5.7% for JMHI. Worst drawdown: JMHI -7.1% vs VOO -34.3%.
Should I hold both JMHI and VOO?
JMHI and VOO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMHI and VOO?
JMHI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, JMHI or VOO?
JMHI yields 4.56% while VOO yields 1.08%, so JMHI currently pays the higher dividend yield.
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