JMHI vs VYM
JPMorgan High Yield Municipal ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | JMHI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $293M | $81.6B | |
| Dividend Yield | 4.56% | 2.24% | |
| Holdings | 236 | 616 | |
| YTD Return | +0.91% | +15.34% | |
| 1Y Return | +5.25% | +23.24% | |
| 3Y Return (annualized) | +5.39% | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 5.7% | 14.6% | |
| Max Drawdown | -7.1% | -58.8% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | Nov 10, 2006 |
JMHI vs VYM Performance
JPMorgan High Yield Municipal ETF (JMHI) is a ETF from J.P. Morgan Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JMHI returned +5.25% while VYM returned +23.24%. Year to date, JMHI is up 0.91% versus a gain of 15.34% for VYM.
Over three years, JMHI compounded at +5.39% per year against +19.22% for VYM. Across the full 3-year window we track, VYM has the edge at +7.04% annualized vs +4.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMHI charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, JMHI currently yields 4.56% against 2.24% for VYM.
Holdings Overlap
JMHI and VYM share 0 holdings out of 631 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 VYM?
JMHI has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, JMHI or VYM?
Over the past year JMHI returned +5.25% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), JMHI annualized +4.17% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, JMHI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.7% for JMHI. Worst drawdown: JMHI -7.1% vs VYM -58.8%.
Should I hold both JMHI and VYM?
JMHI and VYM have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMHI and VYM?
JMHI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 631 unique securities.
Which pays a higher dividend, JMHI or VYM?
JMHI yields 4.56% while VYM yields 2.24%, so JMHI currently pays the higher dividend yield.
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