JMHI vs VTI
JPMorgan High Yield Municipal ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | JMHI | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $293M | $666.9B | |
| Dividend Yield | 4.56% | 1.07% | |
| Holdings | 236 | 3,543 | |
| YTD Return | +0.91% | +13.14% | |
| 1Y Return | +5.25% | +22.35% | |
| 3Y Return (annualized) | +5.39% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 5.7% | 15.3% | |
| Max Drawdown | -7.1% | -56.6% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | May 24, 2001 |
JMHI vs VTI Performance
JPMorgan High Yield Municipal ETF (JMHI) is a ETF from J.P. Morgan Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year JMHI returned +5.25% while VTI returned +22.35%. Year to date, JMHI is up 0.91% versus a gain of 13.14% for VTI.
Over three years, JMHI compounded at +5.39% per year against +21.83% for VTI. Across the full 3-year window we track, VTI has the edge at +8.09% annualized vs +4.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMHI charges 0.35% per year while VTI 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 1.07% for VTI.
Holdings Overlap
JMHI and VTI share 0 holdings out of 2815 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 VTI?
JMHI has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, JMHI or VTI?
Over the past year JMHI returned +5.25% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), JMHI annualized +4.17% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, JMHI or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 5.7% for JMHI. Worst drawdown: JMHI -7.1% vs VTI -56.6%.
Should I hold both JMHI and VTI?
JMHI and VTI have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMHI and VTI?
JMHI and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2815 unique securities.
Which pays a higher dividend, JMHI or VTI?
JMHI yields 4.56% while VTI yields 1.07%, so JMHI currently pays the higher dividend yield.
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