Which returned more over the last year, FMB or JMUB?

In the year to Oct 9, 2026, with distributions reinvested, FMB returned −2.1% and JMUB −2.1%.

Which is cheaper, FMB or JMUB?

JMUB is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.

Share on X Download as PDF

Compare their flows Ask IQ about these two funds

FMB vs JMUB: Differences, Returns & Fees

FMB's duration was 6.8 years on Jul 31, 2026 and JMUB's 6.2 on May 31, 2026; JMUB charges 0.18% to FMB's 0.39%. Net assets on Oct 9, 2026: $1.9bn for First Trust Managed Municipal ETF and $8.5bn for JPMorgan Municipal ETF.

JMUB costs 0.21 points a year less; both returned −2.1% over a year; JMUB is 4.4 times larger.

	FMB	JMUB
Expense ratio	0.39%	0.18%
Net assets	$1.9bn	$8.5bn
Total return, 1 year	−2.1%	−2.1%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	4%
Below its high	5.8%, high on Jul 6, 2026	5.0%, high on Jul 6, 2026

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

−2.1%

FMB total return, 1 year

−2.1%

JMUB total return, 1 year

0.39%

FMB expense ratio

0.18%

JMUB expense ratio

What they hold in common

By the books each fund has filed, FMB and JMUB hold 4% 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 Jul 31, 2026.

50%

half

4% in common

Positions both hold, largest shared weight first

Holding FMB JMUB

PA MONDEV 04/01/2053, due Apr 1, 2053 0.24% 0.22%

TX TMGUTL 01/01/2054, due Jan 1, 2054 0.44% 0.18%

PR PRCGEN 4.33 07/01/2040, due Jul 1, 2040 0.17% 0.51%

TN TNSUTL 5 11/01/2034, due Nov 1, 2034 0.44% 0.14%

GA MAIUTL 07/01/2053, due Jul 1, 2053 0.14% 0.19%

NY NYTTRN 5 10/01/2035, due Oct 1, 2035 0.14% 0.16%

WA WAS 5 02/01/2044, due Feb 1, 2044 0.13% 0.21%

NE DOUSCD 4 12/15/2041, due Dec 15, 2041 0.15% 0.13%

PA PHIDEV 5 11/01/2042, due Nov 1, 2042 0.17% 0.12%

CA CCEDEV 02/01/2052, due Feb 1, 2052 0.12% 0.35%

CO COSMED 5 08/01/2044, due Aug 1, 2044 0.11% 0.17%

GA MAIUTL 04/01/2054, due Apr 1, 2054 0.10% 0.25%

Only in FMB

KY MEADEV 08/01/2061, due Aug 1, 2061 0.79%

GA MAIUTL 09/01/2052, due Sep 1, 2052 0.71%

AL BBEUTL 10/01/2052, due Oct 1, 2052 0.50%

NY NYCGEN 4 11/01/2037, due Nov 1, 2037 0.48%

NY NYSHGR 5 03/15/2038, due Mar 15, 2038 0.40%

AL SEEPWR 11/01/2051, due Nov 1, 2051 0.40%

PR PRCGEN 4.5 07/01/2034, due Jul 1, 2034 0.40%

CO COSMED 4 01/01/2040, due Jan 1, 2040 0.38%

Only in JMUB

Black Belt Energy Gas District, Gas Project, Series 2026A, due Dec 1, 2034 0.77%

California Community Choice Financing Authority, Clean Energy Project, Series 2026B, due Mar 1, 2036 0.70%

California Health Facilities Financing Authority, Rady Children's Health, Series 2026B-3, due Aug 15, 2065 0.67%

California Community Choice Financing Authority, Clean Energy Project, Series 2026C, due Feb 1, 2036 0.61%

Connecticut State Health and Educational Facilities Authority, Yale New Haven Health Issue, Series 2024C-1, due Jul 1, 2060 0.52%

California Community Choice Financing Authority, Clean Energy Project, Series 2025E, due Oct 1, 2056 0.49%

County of Utah, IHC Health Services, Inc., Series 2018C, due May 15, 2058 0.45%

Long Island Power Authority, Electric System, Series 2024B, due Sep 1, 2049 0.43%

Check overlap with more funds →

On the same fields

FMB

First Trust Managed Municipal ETF

JMUB

JPMorgan Municipal ETF

Where it sits Bond ETF Bond ETF

Issuer First Trust JPMorgan

What it is Actively managed Actively managed

Total return, 1 year −2.1% −2.1%

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

Gap to the S&P 500 −19.4 pts −19.3 pts

Expense ratio 0.39% 0.18%

Holdings 1249 2155

Net assets $1.9bn $8.5bn

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

FMB in plain words

FMB is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 5.8% below its high of Jul 6, 2026 on Oct 9, 2026.

JMUB in plain words

JMUB is actively managed and tracks no index. The prospectus expense ratio is 0.18% a year. It sat 5.0% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FMB or JMUB?: In the year to Oct 9, 2026, with distributions reinvested, FMB returned −2.1% and JMUB −2.1%.
Which is cheaper, FMB or JMUB?: JMUB is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FMB vs PZA FMB vs SCMB FMB vs LMUB FMB vs MUB JMUB vs TAFM JMUB vs PZA JMUB vs MUB JMUB vs VCRM

FMB on its own →JMUB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FMB filings on SEC EDGAR ↗FMB prospectus with the expense ratio (SEC) ↗First Trust page for FMB ↗JMUB filings on SEC EDGAR ↗JMUB 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, FMB against JMUB, data as of Oct 9, 2026. https://etfiq.com/compare/any/fmb-vs-jmub

Open data

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