JMSI vs VYM
JPMorgan Sustainable Municipal Income 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 558 holdings.
Side-by-Side Comparison
| Metric | JMSI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $385M | $79.0B | |
| Dividend Yield | 3.61% | 2.86% | |
| Holdings | 260 | 568 | |
| YTD Return | +0.36% | +16.16% | |
| 1Y Return | +4.31% | +26.05% | |
| 3Y Return (annualized) | +3.70% | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 4.7% | 14.6% | |
| Max Drawdown | -4.6% | -58.8% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | Nov 10, 2006 |
JMSI vs VYM Performance
JPMorgan Sustainable Municipal Income ETF (JMSI) 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 JMSI returned +4.31% while VYM returned +26.05%. Year to date, JMSI is up 0.36% versus a gain of 16.16% for VYM.
Over three years, JMSI compounded at +3.70% per year against +18.43% for VYM. Across the full 3-year window we track, VYM has the edge at +7.09% annualized vs +3.32%. 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 4.7% for JMSI. 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 -4.6% for JMSI 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMSI charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, JMSI currently yields 3.61% against 2.86% for VYM.
Holdings Overlap
JMSI and VYM share 0 holdings out of 737 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, JMSI or VYM?
JMSI has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, JMSI or VYM?
Over the past year JMSI returned +4.31% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), JMSI annualized +3.32% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, JMSI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.7% for JMSI. Worst drawdown: JMSI -4.6% vs VYM -58.8%.
Should I hold both JMSI and VYM?
JMSI and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMSI and VYM?
JMSI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 737 unique securities.
Which pays a higher dividend, JMSI or VYM?
JMSI yields 3.61% while VYM yields 2.86%, so JMSI currently pays the higher dividend yield.
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