JMST vs SHM
JPMorgan Ultra-Short Municipal Income ETF compared with State Street SPDR Nuveen ICE Short Term Municipal Bond ETF on yield, payout growth, payment schedule, cost and risk.
JMST
JPMorgan Ultra-Short Municipal Income ETF
TTM yield · Monthly
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
TTM yield · Monthly
Quick take
- SHM yields more today: 2.69% vs 2.58% (forward).
- Both pay every month.
- Over the last year JMST delivered the higher total return: +2.1% vs +1.2% (price change plus payouts).
- JMST is cheaper to own: 0.18% vs 0.20% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | JMST | SHM |
|---|---|---|
| Share price | $50.83 | $47.55 |
| TTM yield | 2.58% | 2.69% |
| Forward yield | 2.58% | 2.69% |
| Annual payout per share | $1.312 | $1.281 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.18% | 0.20% |
| 1-year payout growth | -14.2% | — |
| 5-year payout CAGR | +48.8% | — |
| Consecutive years of increases | 0 years | — |
| Payout consistency (last 12) | 93/100 | 98/100 |
| 1-year total return | +2.1% | +1.2% |
| 1-year price return | -0.5% | -1.4% |
| Size (market cap / AUM) | 7.4B | 3.5B |
| Years paying | 7.8 | 18.9 |
| Sector / category | Muni National Short | Muni National Short |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| JMST | SHM | |
|---|---|---|
| Shares | 196.7 | 210.3 |
| Income per year | $258 | $269 |
| Income per month (avg) | $22 | $22 |
At forward yields, before taxes. Model JMST · Model SHM
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| JMST Oct 1, 2026 | Oct 15, 2026 | $0.1093 | Est. |
| JMST Oct 31, 2026 | Nov 14, 2026 | $0.1093 | Est. |
| JMST Nov 30, 2026 | Dec 14, 2026 | $0.1093 | Est. |
| SHM Oct 1, 2026 | Oct 15, 2026 | $0.1067 | Est. |
| SHM Oct 31, 2026 | Nov 14, 2026 | $0.1067 | Est. |
| SHM Nov 30, 2026 | Dec 14, 2026 | $0.1067 | Est. |
Annual payouts per share
JMSTSHM
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, JMST or SHM?
SHM currently has the higher trailing yield: JMST yields 2.58% and SHM yields 2.69%. Yield changes daily with price, so check the live figures above.
How often do JMST and SHM pay?
JMST pays every month and SHM pays every month. JMST's next ex-date is Oct 1, 2026 and SHM's is Oct 1, 2026.
Is JMST or SHM better for income?
It depends on what you are optimising for. JMST and SHM differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.