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JMUB vs TFI: Differences, Returns & Fees

JMUB's duration was 6.2 years on May 31, 2026 and TFI's 6.0 on Jun 30, 2026; JMUB charges 0.18% to TFI's 0.23%. Net assets: $8.5bn on Oct 9, 2026 for JPMorgan Municipal ETF, and $2.8bn on Oct 8, 2026 for State Street SPDR Nuveen ICE Municipal Bond ETF.

JMUB costs 0.05 points a year less; their one-year returns differ by 0.6 points; JMUB is 3.0 times larger.

JMUBTFI
Expense ratio0.18%0.23%
Net assets, as of Oct 8, 2026$8.4bn$2.8bn
Total return, 1 year−2.1%−2.7%
What it tracksNo index, actively managedICE 1+ Year AMT-Free Broad Municipal Index ?
Holdings in common4%
Below its high5.0%, high on Jul 6, 20266.2%, high on Jul 19, 2021

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

−2.1%
JMUB total return, 1 year
−2.7%
TFI total return, 1 year
0.18%
JMUB expense ratio
0.23%
TFI expense ratio

What they hold in common

By the books each fund has filed, JMUB and TFI 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 Jun 30, 2026.

half

4% in common

Positions both hold, largest shared weight first
Holding JMUB TFI
Tennergy Corp., Gas Supply, Series 2021A, due Dec 1, 2051 0.13% 0.13%
Main Street Natural Gas, Inc., Gas Supply, Series 2024A, due May 1, 2054 0.20% 0.10%
California Community Choice Financing Authority, Clean Energy Project, Series 2021B-1, due Feb 1, 2052 0.35% 0.10%
Southeast Energy Authority A Cooperative District, Project No. 2, Series 2021B, due Dec 1, 2051 0.11% 0.08%
New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2025, Series 2025AA, Subseries AA1, due Jun 15, 2051 0.08% 0.10%
Massachusetts School Building Authority, Dedicated Sales Tax, Series 2025A, due Feb 15, 2050 0.08% 0.08%
Indiana Finance Authority, Franciscan Alliance, Inc., Obligated Group, Series 2026A, due Nov 1, 2038 0.11% 0.07%
Energy Southeast A Cooperative District, Series 2023A-1, due Nov 1, 2053 0.07% 0.07%
California Community Choice Financing Authority, Clean Energy Project, Series 2024H, due Jan 1, 2056 0.09% 0.07%
Central Plains Energy Project, Series 2025A, Subseries A-1, due Aug 1, 2055 0.14% 0.07%
New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025I, Subseries I-1, due May 1, 2048 0.07% 0.15%
Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025A, due May 15, 2055 0.10% 0.07%
Only in JMUB
Black Belt Energy Gas District, Gas Project, Series 2026A, due Dec 1, 2034 0.77%
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%
Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, due Jun 1, 2055 0.55%
Connecticut State Health and Educational Facilities Authority, Yale New Haven Health Issue, Series 2024C-1, due Jul 1, 2060 0.52%
Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, due Jul 1, 2040 0.51%
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%
Only in TFI
CALIFORNIA ST, due Nov 1, 2027 0.23%
NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2047 0.20%
UNIV OF CALIFORNIA CA REVENUES, due May 15, 2040 0.20%
WASHINGTON ST, due Feb 1, 2028 0.20%
TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Nov 15, 2028 0.20%
MADISON WI, due Oct 1, 2032 0.20%
GEORGIA ST, due Jul 1, 2030 0.19%
MARYLAND ST, due Jun 1, 2034 0.19%

Check overlap with more funds →

On the same fields

JMUB
JPMorgan Municipal ETF
TFI
State Street SPDR Nuveen ICE Municipal Bond ETF
Where it sits Bond ETF Bond ETF
Issuer JPMorgan State Street
What it is Actively managed Tracks an index
Total return, 1 year −2.1% −2.7%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −19.3 pts −19.9 pts
Expense ratio 0.18% 0.23%
Holdings 2155 1990
Net assets, JMUB as of Oct 9, 2026 and TFI as of Oct 8, 2026 $8.5bn $2.8bn

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

JMUB in plain words

JMUB 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 0.18% a year. It sat 5.0% below its high of Jul 6, 2026 on Oct 9, 2026.

TFI in plain words

TFI tracks an index. Over the year to Oct 9, 2026 it returned −2.7% with distributions reinvested. The prospectus expense ratio is 0.23% a year. It sat 6.2% below its high of Jul 19, 2021 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, JMUB or TFI?
In the year to Oct 9, 2026, with distributions reinvested, JMUB returned −2.1% and TFI −2.7%.
Which is cheaper, JMUB or TFI?
JMUB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
JMUB vs SCMBJMUB vs PZAJMUB vs TAFMJMUB vs MUBTFI vs VTEBPZA vs TFISCMB vs TFITFI vs VCRM
JMUB on its own →TFI on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
JMUB filings on SEC EDGAR ↗JMUB prospectus with the expense ratio (SEC) ↗JPMorgan website ↗TFI filings on SEC EDGAR ↗TFI prospectus with the expense ratio (SEC) ↗State Street 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, JMUB against TFI, data as of Oct 9, 2026. https://etfiq.com/compare/any/jmub-vs-tfi

Open data

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