JMUB vs VYM
JPMorgan 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 558 holdings.
Side-by-Side Comparison
| Metric | JMUB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $8.4B | $79.0B | |
| Dividend Yield | 3.68% | 2.86% | |
| Holdings | 1,787 | 568 | |
| YTD Return | +0.72% | +16.78% | |
| 1Y Return | +4.43% | +24.43% | |
| 3Y Return (annualized) | +3.60% | +18.60% | |
| 5Y Return (annualized) | +0.97% | +12.30% | |
| Volatility (annualized) | 5.2% | 14.6% | |
| Max Drawdown | -12.5% | -58.8% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 29, 2018 | Nov 10, 2006 |
JMUB vs VYM Performance
JPMorgan Municipal ETF (JMUB) 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 JMUB returned +4.43% while VYM returned +24.43%. Year to date, JMUB is up 0.72% versus a gain of 16.78% for VYM.
Over three years, JMUB compounded at +3.60% per year against +18.60% for VYM; over five years the annualized figures are +0.97% and +12.30% respectively. Across the full 8-year window we track, VYM has the edge at +7.11% annualized vs +2.05%. 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 5.2% 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 -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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMUB 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, JMUB currently yields 3.68% against 2.86% for VYM.
Holdings Overlap
JMUB and VYM share 0 holdings out of 1023 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 VYM?
JMUB 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, JMUB or VYM?
Over the past year JMUB returned +4.43% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), JMUB annualized +2.05% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, JMUB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.2% for JMUB. Worst drawdown: JMUB -12.5% vs VYM -58.8%.
Should I hold both JMUB and VYM?
JMUB and VYM have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMUB and VYM?
JMUB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1023 unique securities.
Which pays a higher dividend, JMUB or VYM?
JMUB yields 3.68% while VYM yields 2.86%, so JMUB currently pays the higher dividend yield.
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