Which returned more over the last year, CGSM or JMST?

In the year to Oct 9, 2026, with distributions reinvested, CGSM returned +0.8% and JMST +1.9%.

Which is cheaper, CGSM or JMST?

JMST is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

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CGSM vs JMST: Differences, Returns & Fees

CGSM's duration was 2.4 years on Jun 30, 2026 and JMST's 0.9 on May 31, 2026; JMST charges 0.18% to CGSM's 0.25%. Net assets: $1.6bn on Oct 8, 2026 for Capital Group Short Duration Municipal Income ETF, and $7.9bn on Oct 9, 2026 for JPMorgan Ultra-Short Municipal Income ETF.

JMST costs 0.07 points a year less; their one-year returns differ by 1.1 points; JMST is 4.8 times larger.

	CGSM	JMST
Expense ratio	0.25%	0.18%
Net assets, as of Oct 8, 2026	$1.6bn	$7.8bn
Total return, 1 year	+0.8%	+1.9%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	2%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

+0.8%

CGSM total return, 1 year

+1.9%

JMST total return, 1 year

0.25%

CGSM expense ratio

0.18%

JMST expense ratio

What they hold in common

By the books each fund has filed, CGSM and JMST hold 2% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jun 30, 2026.

50%

half

2% in common

Positions both hold, largest shared weight first

Holding CGSM JMST

HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION REVENUE, due Jul 1, 2026 0.53% 0.32%

TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV, due Jan 1, 2054 0.16% 0.36%

TEXAS ST, due Oct 1, 2028 0.09% 0.14%

NEW YORK CITY NY TRANSITIONAL FIN AUTH REV, due Nov 1, 2028 0.08% 0.10%

COMAL TX INDEP SCH DIST, due Feb 1, 2027 0.07% 0.11%

NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE, due Mar 15, 2031 0.07% 0.15%

DIST OF COLUMBIA HSG FIN AGY MF HSG REVENUE, due Sep 1, 2040 0.15% 0.07%

CAPITAL AREA HSG FIN CORP TX, due Jan 1, 2041 0.07% 0.07%

CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE, due Mar 1, 2056 0.27% 0.06%

CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV, due Jun 1, 2030 0.14% 0.06%

CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE, due Jul 1, 2043 0.05% 0.08%

ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE, due Sep 1, 2035 0.08% 0.05%

Only in CGSM

MARYLAND ST, due Jun 1, 2030 1.08%

FLORIDA ST BRD OF EDU PUBLIC EDU, due Jun 1, 2029 1.06%

GEORGIA ST, due Dec 1, 2031 1.05%

SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE, due May 1, 2048 1.03%

ROCHESTER MN HLTH CARE FACS REVENUE, due Apr 1, 2066 1.02%

MISSISSIPPI BUSINESS FIN CORP MS PORT FAC REVENUE, due Jun 1, 2043 1.01%

PHOENIX AZ INDL DEV AUTH HLTHCARE FACS REVENUE, due Nov 15, 2052 1.00%

CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2042 0.97%

Only in JMST

New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal year 2021, Series 2021, Subseries EE2, due Jun 15, 2045 1.02%

State of Washington, Various Purpose, Series R-2026A, due Jul 1, 2029 0.90%

Alaska Housing Finance Corp., Home Mortgage, Series 2007A, due Dec 1, 2041 0.86%

State of Minnesota, Various Purpose, Series 2025D, due Aug 1, 2027 0.78%

Township of Woodbridge, due Oct 9, 2026 0.71%

Maryland Health and Higher Educational Facilities Authority, University of Maryland Medical System, Series 2025C-1, due Jul 1, 2055 0.71%

Bergen County Improvement Authority (The), Guaranteed Government Pooled Project, Series 2026A, due May 19, 2027 0.68%

Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System, Series 2012B, due Nov 15, 2047 0.67%

Check overlap with more funds →

On the same fields

CGSM

Capital Group Short Duration Municipal Income ETF

JMST

JPMorgan Ultra-Short Municipal Income ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group JPMorgan

What it is Actively managed Actively managed

Total return, 1 year +0.8% +1.9%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −16.4 pts −15.3 pts

Expense ratio 0.25% 0.18%

Holdings 1007 1851

Net assets, CGSM as of Oct 8, 2026 and JMST as of Oct 9, 2026 $1.6bn $7.9bn

CGSM and JMST on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

CGSM in plain words

CGSM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +0.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year.

JMST in plain words

JMST is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +1.9% with distributions reinvested. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, CGSM or JMST?: In the year to Oct 9, 2026, with distributions reinvested, CGSM returned +0.8% and JMST +1.9%.
Which is cheaper, CGSM or JMST?: JMST is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGSM vs SUB CGSM vs VTES CGSM vs SHM CGSM vs MEAR JMST vs MEAR JMST vs TAFI JMST vs SMMU JMST vs SHM

CGSM on its own →JMST on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

CGSM filings on SEC EDGAR ↗CGSM prospectus with the expense ratio (SEC) ↗Capital Group page for CGSM ↗JMST filings on SEC EDGAR ↗JMST prospectus with the expense ratio (SEC) ↗JPMorgan website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CGSM against JMST, data as of Oct 9, 2026. https://etfiq.com/compare/any/cgsm-vs-jmst

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.