JPMorgan High Yield Municipal ETF
$48.28+0.18 (+0.37%)
- 0.52%
- $307M
- −0.4%
- 4.56%
- 70.7K sh
- low $46.27high $51.19
The ETF.net JMHI Grade
C
Score 55 out of 100
- 14 of 19
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.F22 out of 100Rank 15 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 6 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 11 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 9 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 7 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A74 out of 100Rank 4 of 19
Our read on JMHI
In short
CA 2007-vintage JPMorgan muni strategy that traded its mutual fund shell for an ETF wrapper in 2023. Actively run, free to lean all the way into below-investment-grade munis, built around federally tax-exempt income paid monthly.
Stated mandate
The Fund seeks a high level of current income exempt from federal income taxes by investing in tax-exempt municipal securities, with an emphasis on high-yield municipal bonds.
Why people hold it
Worth knowing
JMHI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
JMHI$9,960
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JMHI |
|---|---|
| Year to date | −0.6% |
| 1 month | +3.3% |
| 3 months | −1.2% |
| 1 year | −0.4% |
| 3 years | +6.3% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JMHI |
|---|---|---|
| 2026 YTD | −0.6% | |
| 2025 | +4.6% | |
| 2024 | +5.9% | |
| 2023 | +1.4% |
JMHI in the news
JMHI Dividends
- 4.56%
- $2.20
- $0.18 per share
- Monthly
JMHI Risk
- 6.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.30
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
JMHI Cost
Overpaying vs FMUB, cheapest in High-Yield Municipal Bonds
$4,202
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
JMHI 0.52%
$10,351
FMUB 0.30% Cheapest
$6,149
Cost over time
Year by year
| Year | JMHI | FMUB | Overpaying |
|---|---|---|---|
| 10 | $935 | $545 | $390 |
| 20 | $3,593 | $2,113 | $1,480 |
| 30 | $10,351 | $6,149 | $4,202 |
Other funds in High-Yield Municipal Bonds
- BEVYMEaton Vance High Income Municipal ETFExpense ratio 0.40%1 year return +1.3%
- BFMHIFirst Trust Municipal High Income ETFExpense ratio 0.70%1 year return +0.6%
- CHTAXNomura National High-Yield Municipal Bond ETFExpense ratio 0.49%1 year return +0.5%
- CFCALFirst Trust California Municipal High Income ETFExpense ratio 0.65%1 year return +0.1%
- CMFLXFirst Trust Flexible Municipal High Income ETFExpense ratio 0.49%1 year return +0.2%
