JMUB vs VOO
JPMorgan 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 505 holdings.
Side-by-Side Comparison
| Metric | JMUB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $8.4B | $979.0B | |
| Dividend Yield | 3.68% | 1.09% | |
| Holdings | 1,787 | 509 | |
| YTD Return | +0.72% | +14.48% | |
| 1Y Return | +4.43% | +22.02% | |
| 3Y Return (annualized) | +3.60% | +21.80% | |
| 5Y Return (annualized) | +0.97% | +13.36% | |
| Volatility (annualized) | 5.2% | 14.2% | |
| Max Drawdown | -12.5% | -34.3% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 29, 2018 | Sep 7, 2010 |
JMUB vs VOO Performance
JPMorgan Municipal ETF (JMUB) 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 JMUB returned +4.43% while VOO returned +22.02%. Year to date, JMUB is up 0.72% versus a gain of 14.48% for VOO.
Over three years, JMUB compounded at +3.60% per year against +21.80% for VOO; over five years the annualized figures are +0.97% and +13.36% respectively. Across the full 8-year window we track, VOO has the edge at +13.61% annualized vs +2.05%. 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 5.2% for JMUB. 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 -12.5% for JMUB 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMUB charges 0.18% per year while VOO charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, JMUB currently yields 3.68% against 1.09% for VOO.
Holdings Overlap
JMUB and VOO share 0 holdings out of 970 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, JMUB or VOO?
JMUB has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, JMUB or VOO?
Over the past year JMUB returned +4.43% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), JMUB annualized +2.05% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, JMUB or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 5.2% for JMUB. Worst drawdown: JMUB -12.5% vs VOO -34.3%.
Should I hold both JMUB and VOO?
JMUB and VOO have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMUB and VOO?
JMUB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 970 unique securities.
Which pays a higher dividend, JMUB or VOO?
JMUB yields 3.68% while VOO yields 1.09%, so JMUB currently pays the higher dividend yield.
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